Thursday, April 23, 2015

FINTECH



IWOCA

Christoph Rieche on Bloomberg, April 21, 2015
http://en.wikipedia.org/wiki/Iwoca
iwoca Ltd. is an online finance company based in London. The company provides working capital finance for small businesses trading in the UK, Poland and Spain. CEO Christoph Rieche and CTO James Dear founded iwoca in October 2011 and the company started trading in March 2012. In October 2012 iwoca announced that former PayPal MD Carl-Olav Scheible had joined the board as a Non-Executive Director.[1]
iwoca provides loans of up to £50,000 and assesses risk based on data taken directly from the eBay, Amazon, PayPal, Sage Pay, business bank account and other platforms.[2] This follows a similar model to that used by Kabbage in the United States. A monthly interest rate of 4% on a loan period of six months is typical.[3] After its first five months of trading iwoca announced that it had issued hundreds of loans.[4]

AFFIRM
1 Acquisitions
Funding Received$320M in 2 Rounds from 6 Investors
Headquarters:San Francisco, CA
Description:Affirm, a financial technology services company, offers installment loans to consumers at the point of sale.
Website:http://affirm.com

- See more at: 
https://www.crunchbase.com/organization/affirm#sthash.EiMldi24.dpuf

Are there any interest or fees associated with Affirm loans?

Affirm loans vary between 10% and 30% APR simple interest (0% APR is offered at select merchants). The corresponding finance charge is the only fee associated with an Affirm loan - we don’t charge late fees, service fees, prepayment fees, or any other hidden fees. We strive always to be more transparent and fair than any other form of financing.

FINTECH STARTUP DATA

https://www.cbinsights.com/research-fintech-startups
http://www.forbes.com/sites/ilyapozin/2014/12/14/15-fintech-startups-to-watch-in-2015/

TrueAccord

SF Scala: Q&A with Nadav Samet, CTO of TrueAccord, by Alexy Khrabrov
https://www.youtube.com/watch?v=RYaro4VFsxc
Published on Jun 8, 2015
Nadav describes how TrueAccord disrupts debt industry with personalization built with Scala, using Google Protocol Buffers wrapped with ScalaPB.

TrueAccord CTO chats about being June's "Hottest Company" at PnP
https://www.youtube.com/watch?v=bXQHmavF_ok
Published on Jul 21, 2014
Plug and Play's Kristen Rodgers chats with TrueAccord's CTO, Nadav Samet about recently being named the "Hottest Company of the Month."
TrueAccord helps users take control of their finances by managing a consistent problem faced by many: managing late payments and unpaid bills. Their solution faces both the collection and debt man

Interview: Ohad Samet, CEO - TrueAccord
https://www.youtube.com/watch?v=-cTTU_wym-Y
Published on Oct 2, 2014
Ohad Samet is truly a magician. He has one of the most interesting track records of anyone we've had on the show, he was an early employee at Fraud Sciences Corporation (started by a few israeli special forces) which was acquired by PayPal for $169 Million, worked at PayPal for a few years then started and sold his company, Analyzd to Klarna. Now he's looking for a third big win with his new company TrueAccord offering

ML, AI in FinTech
Sanjiv R. Das
Santa Clara University
http://srdas.github.io/Papers/fintech.pdf
http://srdas.github.io/Presentations/FinTech_AI_QWAFAFEW.pdf







   

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