News by FinTech Collective

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Battle Over Munis Moves to Senate

A bipartisan group of senators is pushing legislation that would enable municipal bonds to qualify for banks' capital requirements.

Senate legislation would place municipal bonds on the lowest rung of the “high quality liquid assets” category. That means they would be...…

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Muni borrowing costs jump as money market reforms loom

Key interest rate for short term municipal bonds have spiked from effectively zero to 70bps over the last few months.

The jump in Sifma’s rate will hit the $175bn market for variable rate demand notes (VRDNs), or shorter-dated debt carrying a floating...…

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German insurance giant Allianz invests in online wealth manager MoneyFarm

Allianz has taken a minority stake in Italian digital wealth manager MoneyFarm as it seeks to keep track of the fintech sector.

Cofounder and chairman Paolo Galvani told Business Insider: "We started with the consideration that it's incredibly difficult for someone...…

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MoneyLion launches in Malaysia

FinTech portfolio company MoneyLion is bringing its next-generation personal finance platform to Malaysia to help its consumers gain a...

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Kameo secures $1.2m venture funding

Stockholm based small company loan platform Kameo has raised $1.2m in venture funding led by Norwegian investor Ola Heldal. 

“We started with the idea to lend to any small business owner, but now we have such a inflow from real estate, that we have chosen to...…

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Uno secures $16.5m Series A

Sydney based digital mortgage service Uno has raised $16.5m in Series A funding led by Westpac. Uno offers households the tools to...

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Point raises $8.4m Series A

Palo Alto based home equity financing company Point has raised $8.4m in Series A funding led by Andreessen Horowitz, who also led the...

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Mobile money shakes up sheep trade in Senegal's Muslim feast

Reuters explores how mobile, cashless payments are making it easier for the sheep trade that supplies an annual Senegal tradition.

The government estimated that 700,000 sheep would be needed this year in Senegal, which is more than 90 percent Muslim. There are not...…

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Brexit banks relocation risk

Vacancy rates for prime real estate space in the business districts of Paris, Frankfurt and Amsterdam are at the lowest levels in a...

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