After a career at Pepsi, Apple, and various tech companies, Sculley is now investing in healthcare and fintech.
Banking app Revolut teams up with Lending Works, also planning marketplace lending platform of its own.
Antony Jenkins, the former CEO of Barclays, predicts the financial services industry is in the first wave of radical transformation, and cautioned that the next generation of banks will need to have a deep understanding of technology and customer experience to survive.
GLOBAL mergers and acquisitions (M&A) activity in disruptive innovation sectors such as fintech soared to $291bn (£239bn) last year, new research has found.This is four times the total of $72bn in 2012, increasing steadily year on year.
Upstart, a nearly five-year-old online lending company that prides itself on quickly identifying people who are less likely to default on money leant them, has raised $32.5 million in fresh funding that brings its total funding to date to around $85 million.
Leading US marketplace lender Prosper secures deal that will see $5bn in loans purchased over the next two years.
Small business loans marketplace Funding Circle hits £2bn in lending, closes in on Zopa.
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The UK’s crowdfunding and peer-to-peer/marketplace lending platforms top £10bn in funds delivered.
Auswide Bank Ltd is increasing its equity stake in peer-to-peer lender MoneyPlace Holdings Pty Ltd (MoneyPlace). Auswide Bank will have a controlling interest of at least 51% in MoneyPlace with the prospect of increasing that interest up to 75%.