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Brazilian Fintech, Nubank, Receives Massive Investment from Berkshire Hathaway

Brazilian digital banking fintech, Nubank, announced it received a $500 million investment from Warren Buffet’s investment company, Berkshire Hathaway. This investment is an expansion of Nubank’s $400 million Series G that was originally announced in January 2021. Nubank came to be when Columbian businessman, David Vélez, made the decision that he would take action to …

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Fintech Industry…What makes it great?

  Ever since information technology started gaining traction in the market, the merger of financial information and technology has been rapid. As communication methods improved, so did the speed at which financial information was able to be transferred, processed beginning from the Fedwire and transatlantic cable in 1866. In the early years of Fintech, financial …

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Irelands Central Bank Urged to Improve Resources for Fintech

The Electronic Money Association, which is a trade group representing major fintech companies including fintech giant Stripe, has been urging the Central Bank of Ireland to increase its access and produce more resources behind processing license applications. The Brussels-based organization told Irelands Central Banks in a letter that in order to proceed with their strategic …

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Brazil’s alt.bank Raises US $5.5 Million, Targets the Unbanked

Another day, another Brazilian Financial Technology company that is on a mission to redesign the landscape for banking in the country. On May 4th Brazilian digital bank or neobank alt.bank announced a US $5.5 million Series A funding round led by Union Square Ventures (USV). Earlier this year, Brazil’s Nubank raised US $400 million in …

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Recent Homeowner News

The mortgage rate for 30-year mortgages have dropped over the past week. This marks the third straight week at which rates remained below 3%. Freddie Mac, a large American-based home mortgage company, recently reported that 30 – year fixed rate mortgages sit at a rate of 2.6%, while the 15 – year fixed rate mortgage …

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What is Cryptocurrency?

You have likely heard a lot recently about a new, exciting, and highly ambiguous form of currency. This currency does not come in the form of cash, notes, or prepaid cards; rather it exists entirely online. For most, cryptocurrency is a daunting and complex idea that cannot be easily understood. This article will break down …

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Fundamental Shift to Come in China’s Crackdown of Fintech Industry

The past couple of weeks has seen China’s government begin to crack down on its biggest innovators. Taking a page from the Ant Group playbook, China has imposed sweeping restrictions on the fast-growing financial divisions of 13 companies including Tencent, ByteDance, JD.com, Meituan and, Didi. The new requirements are much stricter regarding compliance when these …

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