#Square is #competing with friends and family, not financial institutions, to grow its lending arm, Square #Capital. The payments processing startup #grew loans at Square Capital by 68% year-over-year this quarter, according to CEO Jack Dorsey on the company’s earnings call yesterday. This figure represents $ 318 million in loans to almost 50,000 sellers on the […]
Bank Innovation
Startups set on #competing with #banks and larger incumbents may not be the most attractive companies, at least according to those looking to #fund them. For companies like growth equity firm Centana Growth Partners, the priority is investing in companies that are growing to service the existing financial services ecosystem (rather than supplant it), according to […]
Bank Innovation
The #Ethereum #hard #fork executed last week as a means of reimbursing investors who lost funds in the collapse of a major project has resulted in the creation of a #competing currency on a #blockchain replicating the platform’s original consensus rules prior to the fork. Announced last week, a project called Ethereum #Classic is continuing […]
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