Jeff Kauflin

Despite having amassed more than $10 trillion in capital, private equity and private credit firms suffer from Byzantine, legacy accounting infrastructure. Fintech startup Maybern makes software that automates tens of thousands of complex calculations, ensuring that partners’ paychecks are accurate and on time.

These entrepreneurs, traders and investors are making an outsized impact in fintech, crypto and traditional financial services.

With a new administration and GOP-controlled Congress, a wild swing in regulatory policy is coming to the Consumer Financial Protection Bureau, whose budget could be at risk.

The results of the presidential and congressional elections will have far-reaching effects on the fintech industry.

From banking charters and bank-fintech partnerships to the Consumer Financial Protection Bureau, here’s how Trump’s win will likely affect the fintech industry.

The fintech startup has raised $355 million in new debt financing. It offers consumer loans at brick-and-mortar merchants where other buy-now, pay-later lenders often have little or no presence.

The big credit bureaus’ moves undercut Tomo’s claim that it reports to the bureaus and means its credit-boosting service can’t work as it says it does.

Apply for our tenth annual Fintech 50 list, where we highlight the most promising private businesses reinventing finance through technology.

Tomo’s CEO said it had received $100 million in loan commitments to fund its credit card, but it repeatedly missed payments and was hit with a lawsuit from Silicon Valley Bank.

Startups like TomoCredit and Albert, last valued at hundreds of millions of dollars, are the target of hundreds of consumer complaints.