Discover and read the best of Twitter Threads about #fintechs

Most recents (12)

As @Paytm released its Q4FY23 results yday, I dived into last 8-qtrs of its lending biz 💡💡

Here’s a breakdown of numbers that you won’t find all in one place anywhere else 👇

Tags: @vijayshekhar | #Paytm Image
Paytm earns 2 things on each loan given.

💰 Commission (C): A %age of the loan amount

💰 Performance bonus (PB): A %age of the EMIs collected, only when the loan is paid back
Some basics about the performance bonus!

👉 In case of defaults, #Fintechs used to compensate the lending partners (LPs- NBFCs & banks) under #FLDG (first loan default guarantee) agreement
Read 15 tweets
I haven't seen an immediate impact like this from a congressional investigation in a long time

SBA suspended fintech lender support companies that were big players in the PPP & is investigating some of the major lenders that partnered w/ them
Here's the full @SBAgov press release:…
This is the House select subcommittee on the coronavirus crisis report on the role of #fintechs in #PPP fraud the SBA is reacting to:…
Read 6 tweets
1/ Our goal is to build the future of global credit markets 🌎

Over the last 10 months we've worked with our ecosystem to bootstrap Credix, originating over 23M USDC 📈

Today we're exciting to announce our 11.25M USD Series A, led by @motive_partners and @paraficapital! 🧵 Image
2/ Since our launch, #fintechs like A55 (revenue-based financing), Tecredi (car loans), Descontanet (SME financing), Provi (student loans), Adiante (SME financing), and Divi Bank (SaaS financing) raised debt financing on @Credix_finance 🙌
3/ Because of Credix’s strong focus on risk management & underwriting we have onboarded over 25 #crypto & #tradfi funds such as @RBF_cap, MGG Investment Group, Almavest, @AddemCapital, and @Caurisfinance
Read 5 tweets
Anyone wondering what is happening in #BuyNowPayLater in the world's biggest digital market (🇮🇳)?

Today we put out our 2021 annual report with lots of consumer insights and learnings for the industry. 🔥

Some highlights  (1/🧵)
India took to #BNPL in a big way in 2021 and it emerged as a loved payment option across the country. We saw demand from 99% of pin codes.

We added the most customers in the 23-26 years age group but saw demand from 18 to 66-year-olds...
Millennials and Gen Z are loving the ease and convenience of BNPL. We saw 2X growth in millennials and 3X growth in Gen Z using BNPL. 🤩

Female customer base was up by 143%  ♀️

Tier II and III cities continue to drive demand for #BNPL
Read 10 tweets
Many academic institutions are kinda confused when it comes to launching new degrees such as #FinTechs, Data Sciences, Business #Analytics, Machine Learning, Ai, etc.
There does not seem to be a standardized curriculum for such programs as we see in other academic disciplines.
Just combining courses from Maths, Statistics and Computer Sciences Faculty will not give you a Data Science Degree Program.
That is the mistake that universities're making at the moment.
Highly Amateurish.
The same mistake was made when business schools Physics,& Engineering Departments came together to launch applied Mathematical Degrees such as FE- Financial Engineering, etc.
#Quant #Finance was probably the most sought-after degree before the #GFC and later the lies got exposed
Read 5 tweets
Hoy se anunció el nombre de las 6 empresas que formarán parte del noveno grupo de#FinTechs apoyadas por #CatalystFund @CF_BFA, entre las que figura la mexicana @Verqor 🇲🇽
#CatalystFund apoya a #FinTechs que mejoren la resiliencia de comunidades vulnerables en mercados emergentes. Image
.@Verqor apoya a pequeñas y pequeños agricultores en México🇲🇽 mediante la inclusión financiera, al ofrecer agrofinanciamiento asequible y acceso a insumos agrícolas a través de una plataforma digital 📱📲 Image
Verqor se unirá al grupo de 45 compañías de #CatalystFund y recibirá capital catalizador, apoyo por parte de personas expertas de BFA Global y conexiones directas con inversores. ImageImage
Read 4 tweets
1/ THREAD ABT REGULATORY NEWS in #crypto, which I’ve been chronicling on twitter since April. Seems crackdown has begun. I dunno how it'll turn out but:
* it won't impact #BTC #ETH etc directly. Base layers will keep addin' blocks
* it'll impact intermediaries & US$ access points
2/ Today was a key event that few in #crypto were probably watching, but it REALLY matters: the comment period ended for the Fed’s proposed payment system access guidelines. See comment letters here (including @AvantiBT’s 18-page tome--awaiting upload):…
3/ Why does it matter? Fed guidelines are partly aimed at #crypto (despite not mentioning crypto even once). Given what’s happening w/ US$ #stablecoins, the guidelines are esp relevant (see WSJ story last wk-FSOC wants Fed to regulate stablecoins per “ppl familiar w/discussion”)
Read 24 tweets
1/13: There’s a lot of chatter recently about #Fintechs not wanting to hire people with traditional #Banking backgrounds and traditional #Bankers pointing out how short-sighted this is. It’s a complex topic that’s worth unpacking. 👇 Image
2/13: Like with most arguments, there isn’t a right or a wrong side. Every company is unique and every hiring decision is the net result of a complex series of tradeoffs. Finding the perfect fit for any role is a noble goal to pursue but is unfortunately a fantasy standard IRL.
3/13: Banker Perspective: Fintechs don’t realize how the machinery works. They don’t appreciate how to navigate building products and delivering services in a highly regulated world. They should appreciate how many landmines could be avoided if they just hired experienced people.
Read 13 tweets
Good evening and welcome again to @Nairametrics#CorporateNewsRoundup for the week ended January 16th, 2020. This thread is brought to you by @BluechipTechNG.   

The thread starts here.
1/We begin with some financial services news recap. Last week, Standard Chartered Bank Nigeria Plc crashed the interest rate for its ‘personal overdraft’ from 1.25% to 1% per month.
@Nairametrics reported that the review made Standard Chartered one of the banks with the lowest interest rates in Nigeria.

The development can also be seen as a strategic move by the bank, as it makes major inroads into Nigeria’s highly lucrative...
Read 40 tweets
Auf unsere Recherchen über die geheimen Pläne der #Schufa reagiert die Auskunftei mit einem Kommentar des Sprechers Ingo A. Koch. Er schreibt über „pseudo-investigative und konstruierte Skandale“, die „auf Reichweitengewinn“ ausgerichtet seien/1…
In monatelanger Recherche haben wir Belege zusammengetragen, dass die #Schufa in Zukunft Kunden auch anhand ihrer Kontoauszüge beurteilen will. Bei einem ersten Test mit @o2de bat die Auskunftei um eine folgenschwere Einwilligung… /2
Datenschützer, Verbraucherschützer wie @Klaus_Mueller @vzbv und Politiker wie @NowaboFM @lisapaus reagierten mit heftiger Kritik. Ebenso wie zahlreiche Verbraucher /3…
Read 12 tweets
1/ New #fintech proposition, BELLA opened it's waitlist last week before a Nov 30th launch.

"We don't need customers. We need people who care about each other" boasts BELLA's home page.

Intrigued...I dived deeper and have some thoughts 👇

Of the 3 main banking models in the US, BELLA is leveraging the Banking-as-a-Service model. They join the likes of previous fintech unicorns @Betterment and @GustoHQ using the banking charter of @nbkcbank

Catch up on the 3 models with @sammaule here


Billed as “the first conversational banking experience 100% powered by human love”, BELLA's vibrantly colourful website has been designed by @uxdesignagency

I love the work Alex Kreger and the UXDA team do to make financial services beautiful, and BELLA does look bellissima
Read 28 tweets
Según FIEL y #Adeba la evidencia sobre el efecto de las #fintechs en la inclusión financiera en Argentina es sólo anecdótica. Veamos algunas “anécdotas”... #nolohizounbanco
Innovamos creando un QR interoperable, se lo ofrecimos gratis a los comercios y en 12 meses ya hubo más de 8 millones de pagos desde celulares. #nolohizounbanco
Democratizamos los pagos con tarjeta de crédito, duplicando la cantidad de comercios que las aceptan. Ya llevamos 900.000 dispositivos Point mPOS vendidos. #nolohizounbanco
Read 6 tweets

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