Latest news with #Lead
CNBC
7 hours ago
- Business
- CNBC
15. Lead Bank
Founders: Jacqueline Reses (CEO), Erica Khalili, Homam Maalouf, Ronak VyasLaunched: 2021Headquarters: Kansas City, MissouriFunding: $110 millionValuation: N/AKey Technologies: N/AIndustry: FintechPrevious appearances on Disruptor 50 list: 1 (No. 34 in 2024) As more non-bank companies offer financial services — think buy now, pay later options at checkout or embedded travel insurance — the lines between traditional banks and tech firms are blurring. Few banks encapsulate that shift better than Lead Bank. The Kansas City-based bank, acquired in 2021 by Jackie Reses and a group of investors, has become a key infrastructure provider for fintech and consumer companies looking to embed banking features into their products. Today, it's one of the few FDIC-insured banks offering both consumer banking and a full-stack banking-as-a-service platform. The company serves consumer ecommerce fintechs including Affirm, fellow Disruptor Ramp, Flex, and crypto companies, enabling them to offer everything from branded cards to bank accounts. The bank's transformation reflects Reses's experience building financial products from scratch. As the former head of Square Capital, she helped develop the company's banking arm "from the ground up, first line of code, first policy" she told CNBC in an interview for the CNBC Changemakers Spotlight series. (Reses was named to the CNBC Changemakers list in 2024.) Her Square experience revealed a gap between sleek fintech front ends and the patchwork infrastructure underneath. "One of the problems I've seen is that fintechs, over the last 10 to 15 years, have put a beautiful sheen on the front end of an app to make financial services easier. And I think we've all felt that with fintech apps that we use; the infrastructure, however, is terrible," she told CNBC. That insight has shaped Lead Bank's approach: delivering modern, regulated banking infrastructure that can scale. Lead is a fully integrated tech platform with direct regulatory oversight, housed inside a chartered, federally insured bank. In the past year, the company has leaned more deeply into crypto. Whereas banks previously hesitated to delve into digital assets, the pendulum is swinging toward embrace amid the changed regulatory environment. Lead Bank now offers payments, custody, and settlement services to crypto companies, positioning itself as one of the first chartered banks willing and able to navigate this space. That pivot coincides with a broader expansion. In 2024, Lead opened a New York office and broadened its product set to include card issuing, multi-currency deposit accounts, and a wider array of payment options, such as international ACH and wire transfers. It's also added new tools in risk, compliance, and disbursement. Lead Bank has raised $110 million to date from investors including Ribbit Capital, Khosla Ventures, Coatue Management, BlackRock CEO Larry Fink, and former U.S. Treasury Secretary Larry Summers, and now counts approximately $1.1 billion in assets. Its competitors include the likes of Cross River Bank, Celtic Bank and WebBank. As embedded finance continues to blur the line between banks and tech firms, Lead is betting that regulated, tech-enabled infrastructure will be a long-term differentiator. And by leaning into crypto ahead of many other banks, Lead is signaling where financial services may be headed next.
Business Insider
03-06-2025
- Business
- Business Insider
APA Group (APAJF) was downgraded to a Sell Rating at Morgans
Morgans analyst Nathan Lead downgraded APA Group (APAJF – Research Report) to a Sell today and set a price target of A$7.36. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Lead covers the Industrials sector, focusing on stocks such as Dalrymple Bay Infrastructure Ltd., Transurban Group, and Cleanaway Waste Management. According to TipRanks, Lead has an average return of 2.5% and a 53.13% success rate on recommended stocks. Currently, the analyst consensus on APA Group is a Moderate Buy with an average price target of $5.49. APAJF market cap is currently $6.98B and has a P/E ratio of -225.00. Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APAJF in relation to earlier this year.
Business Insider
21-05-2025
- Business
- Business Insider
Morgans Sticks to Its Buy Rating for Cleanaway Waste Management (TSPCF)
In a report released today, Nathan Lead from Morgans maintained a Buy rating on Cleanaway Waste Management (TSPCF – Research Report), with a price target of A$2.98. The company's shares closed yesterday at $1.77. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Lead is a 3-star analyst with an average return of 3.3% and a 55.74% success rate. Lead covers the Industrials sector, focusing on stocks such as Transurban Group, Atlas Arteria, and Cleanaway Waste Management. Currently, the analyst consensus on Cleanaway Waste Management is a Strong Buy with an average price target of $2.03, a 14.69% upside from current levels. In a report released on May 15, Morgan Stanley also maintained a Buy rating on the stock with a A$3.08 price target. The company has a one-year high of $2.50 and a one-year low of $1.40. Currently, Cleanaway Waste Management has an average volume of 3,551.
Ottawa Citizen
13-05-2025
- Health
- Ottawa Citizen
Rachlis: A runner's spirit lives on at the Ottawa Marathon
There will be thousands of runners at the starting line of the sold-out Tartan International Marathon on Sunday May 25, part of the Tamarack Ottawa Race Weekend. Article content Article content I give those runners some advice from my friend, the late Linda Rainville-Wagar, a red-headed dynamo who encouraged me and many others in writing and running: 'Think of all the people who can't, won't or don't have this incredible experience. For all those who never have, and all the people who never will, on your own terms, and at your own pace … just GET IT DONE!' Article content Article content Linda's passion was 'helping others cross finish lines.' Unfortunately, life is not a Hallmark movie, and adversity hit her early. When she collapsed from a severe brain aneurysm in October 2009 at the age of 52, her devoted family and friends optimistically hoped for a good recovery. It didn't come about: much of Linda's difficulty in recovering was due to damage to her frontal or pre-frontal cortex, which affects short-term memory and decision-making. Article content She passed away in December, 2024. But in order to allow her many friends and family to travel to Ottawa, the mass and celebration of her life was held in late March, at St. Patrick's Basilica, a chance for all to remember Linda's life in two parts. Article content Linda was a bit of a celebrity back on Oct. 11, 2009, when former running columnist (and now Ottawa mayor) Mark Sutcliffe wrote about her in his Ottawa Citizen column, noting, 'It's no surprise that when it (the aneurysm) happened, Linda Wagar was talking about running. And that she was offering her help.' Article content Article content While she was in hospital, friends contributed messages of hope on squares for a recovery quilt. The quilt was on display with her running medals at the Celebration of Life. Article content She spent her last years in a wheelchair in long-term care at Carleton Lodge, with visits home with family and friends. 'It kept me going and kept us all going, to know people cared,' said her husband, Carl. Article content 'Linda was an inspiration and a truly strong person,' said Edward Shammas, Linda's longtime next-door neighbour in Hunt Club and author of Arab Role Models: Dream, Lead, Inspire. 'I've always admired how dedicated she was to her family, her love for running, and her passion for travelling. She lived life with purpose and made a lasting impact on everyone who knew her.'
Business Insider
09-05-2025
- Business
- Business Insider
Morgans Remains a Hold on ANZ Group Holdings (ANZGF)
Morgans analyst Nathan Lead maintained a Hold rating on ANZ Group Holdings (ANZGF – Research Report) today and set a price target of A$24.51. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Lead is a 3-star analyst with an average return of 5.1% and a 60.00% success rate. Lead covers the Industrials sector, focusing on stocks such as Transurban Group, Cleanaway Waste Management, and Atlas Arteria. In addition to Morgans, ANZ Group Holdings also received a Hold from Citi's Thomas Strong in a report issued today. However, on April 23, Jarden maintained a Buy rating on ANZ Group Holdings (Other OTC: ANZGF). The company has a one-year high of $23.60 and a one-year low of $15.26. Currently, ANZ Group Holdings has an average volume of 8,095. Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ANZGF in relation to earlier this year.
