Online lender SoFi to give IPO access to retail investors

Online lender SoFi to give IPO access to retail investors

(Reuters) – Online lending startup Social Finance Inc (SoFi) will allow retail investors to buy into initial public offerings (IPOs) of companies, an investment opportunity traditionally reserved for large Wall Street investors. SoFi’s Friday announcement comes a day after a Reuters report revealed that online brokerage Robinhood Markets was building ...

Read More »

Barclays CEO eyes China for investment bank expansion

Barclays CEO eyes China for investment bank expansion

British bank Barclays pulled back heavily on Asia, eyeing China for investment bank’s expansion, said the bank’s CEO Jes Staley at the Morgan Stanley European Financials Conference on Tuesday, Bloomberg reported. Barclays is looking to build on its small presence in China, while continuing to invest in capital markets, an area that ...

Read More »

Fintech Stripe reached at $95 billion valuation

Fintech Stripe reached at $95 billion valuation

The fastest-growing internet company and a startup as a payment processor company, Stripe benefited from the epidemic-driven by the surge in online shopping. The increasing fund for Stripe has made it the world’s most valuable startup in the financial-tech company. Stripe shared a piece of information that it gained USD ...

Read More »

Edelman Financial Engine’s stake acquires by Warburg Pincus

Edelman Financial Engine’s stake acquires by Warburg Pincus

Warburg Pincus a private equity firm has decided to acquire some stake in Edelman Financial Engines, appraising US Investment Advisory Service Provider for $ 7.3 Billion Including Debt, companies told Reuters on Sunday. The deal represents a 62% increase in the valuation of Edelman Financial Engine from 2018 when buyout ...

Read More »