RBL Bank announced its Smart Deposit scheme - a flexible term deposit option wherein customers can avail the benefit of flexibility with regular monthly savings and top up investments.
RBL Bank, a lender in the private sector, has launched the smart deposit programme, a flexible term deposit option that allows customers to take advantage of flexibility with regular monthly savings and top-up investments.
Robinhood and Acorns are two of the newer financial services platforms. They both offer online banking options, and they both offer access to investment markets. They appeal to people looking for a.
Acorns’ new fintech target is debt management with acquisition of Pillar
Popular saving and investing app Acorns has acquired Pillar, an AI-powered startup built to help manage student loan debt, in its second acquisition of 2021.
New York-based Pillar helps consumers optimize their debt payments by focusing first on student loans. It launched in May 2019 with $5.5 million in seed funding led by Kleiner Perkins. The companies declined to reveal the financial terms of the deal, only noting that within six months of launching, Pillar managed over $500 million worth of student loan debt of more than 15,000 borrowers.
Michael Bloch dropped out of Stanford Business School and co-founded Pillar after he and his wife had amassed more than $500,000 of student loan debt after she graduated from law school. Prior to that, he had led the New York and California regions for DoorDash, growing them to $100 million in revenue. The problem Pillar has aimed to tackle is massive. Student loan d