Say hello to Microsoft’s alternative to Excel, Amount and Stilt on the future of Loan-as-a-Service and SME Brexit – Tearsheet



Tearsheet provides daily summaries of top news and events, like this article, in a nifty, neat, and well-packaged daily email. Stay informed. Subscribe here.

Tiller: the personal finance platform that replaces Microsoft’s Money in Excel

Microsoft has announced that it will shut down its Money in Excel offering by mid-2023. Excel, however, remains people’s favorite when it comes to managing money. So it makes sense that Microsoft is just passing the baton – to an outside developer to make the spreadsheets more suitable for personal and professional money management.

Say hello to Tiller, an automated personal finance service based on Microsoft Excel and Google Sheets that aims to combine the simplicity of an app with the power of spreadsheets.

Tiller’s product is already on the market and has gained great popularity.

Read more

Where Credit’s Due Ep.3: Looking into the Future of Lending as a Service with Amount and Stilt

In the third episode of Where Credit’s Due – Tearsheet’s Lending Podcast – host Iulia Ciutina chats with Adam Hughes, who is CEO of Amount, and Rohit Mittal, Managing Director of Stilt.

This episode focuses on lending as a service – which is one of the trickiest lines of business in our industry and one that comes with many complexities and challenges, as well as opportunities.

Listen / read more

The last briefing

Lending Briefing: SME Brexit and Venture Capital Digital Lending Funding

Brex has been in the news for the past few days after announcing it would stop serving traditional small businesses, focusing only on capital-backed tech startups.

This news sparked a lot of conversations and opinions in the industry, getting us all talking about crypto and layoffs – the focus is now on corporate spending fintechs, which used to be industry darlings there. not so long ago.

In short, the fintech has realized that SMEs are more complicated than expected. Given Brex’s recent announcement to stop serving SMEs, how do its competitors plan to approach the market?

Learn more (exclusive to Outlier members)

Just look at the charts

1. Klarna valuation history

Source: Florian Graillot

2. Has the bankless society officially started?

Source: Timo Dreger

today’s stories

Citi makes move against overdraft fees
Citi has removed overdrafts, overdraft protection transfers and returned item fees from Citi Retail Banking consumer deposit accounts, with the changes taking effect last Sunday (PYMNTS)

Canadian Purpose Bitcoin ETF lost half of its assets
The world’s largest Bitcoin cash exchange-traded fund, the Purpose Bitcoin ETF, likely lost half of its assets due to a huge sell-off last Friday, which could have exacerbated Bitcoin’s drop to $17,600 this weekend. -end (CoinDesk)

China’s digital yuan hits $13.8 billion in transactions
China’s yuan digital wallet has been downloaded by 261 million people – about a fifth of the country’s population – and has been used for transactions worth 87.5 billion yuan ($13.8 billion) (Finextra)

Indagare Delivers Luxury Travel Experiences to Bank of America Customers
BofA offers an exclusive travel experience to ultra-high net worth customers through an agreement with boutique travel company Indagare – the loyalty program offering is tied to BofA’s Preferred Rewards program, which has a total of approximately 10 million members ( PYMNTS)

Stay ahead of the game with Outlier – Tearsheet’s exclusive members-only content program and join the leading financial services and fintech innovators who read us every day.

Source link


Comments are closed.