PYMNTS

MARCH 22, 2019

If data makes the world go ’round, so, too, does it garner investor interest, as evidenced by venture capital and other investors’ funds coming into the coffers of corporates that scrape the web for information. USD in series A funding from a consortium of investors, including Green Visor Capital. An Acquisition in Africa.

Data 178

Data Fintech Capital Lending 178

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. The Hong Kong sale is being managed by Citigroup, China International Capital Corp.,

Security 134

Security Groups Payments Regulation 134

PYMNTS

JULY 18, 2016

Lending Club continued to prove there is almost always more to the story, American Express announced a surprise collaboration with Airbnb and PayPal pushed harder into B2B payments. Lending Club’s Latest Bad News. The last several weeks of news for Lending Club suggest that there’s a little of both to be had here.

Lending 100

Lending Payments Metro Cards 100

PYMNTS

MARCH 5, 2016

The Federal Reserve published the findings of its research on small business lending habits in the U.S. According to the Fed, 80 percent of SMEs that sought funding in 2015 received it, a 15 percent increase from 2014 levels. In addition to increased bank lending, revenue was up for the businesses surveyed.

Cleveland 100

Cleveland Lending Survey Online 100

PYMNTS

JANUARY 13, 2017

The biggest online lender for small businesses in the U.K., 12), the company said California-based venture capital firm Accel Partners led the funding round, with participation from Index Ventures, Union Square Ventures, and Temasek Holdings. Funding Circle, announced that it secured $100 million in equity funding.

Lending 100

Lending California Capital Online 100

PYMNTS

MARCH 31, 2016

Analysts have largely been looking at the impact on SMEs in particular, especially as Chinese authorities promote bank lending to small businesses. This month, the China Banking Regulatory Commission (CBRC) reportedly ordered local banks to boost lending to small and medium-sized corporate customers. Bank Lending.

Lending 100

Lending Online Regulation Guidelines 100

Abrigo

JANUARY 22, 2015

Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent). While the approval rates are high and portfolios are expanding, the OCC did point out that lending standards continued to soften.

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

DECEMBER 16, 2016

Back in December 2014, the online lender took to the public markets, raising $200 million, and soon out of the gate the shares were fetching $23, before crashing, like other firms in the space, to busted IPO status. That may prove quite important in an era where bank deregulation may spur traditional lenders to make inroads online.

Lending 100

Lending Online Taxes Capital 100

PYMNTS

MAY 4, 2016

According to Wall Street Journal reports, the online lender is shedding 28 percent of its staff and rearranging its executive team. The biggest individual cut will be a Utah office dedicated to lending for medical procedures, but 14 percent of Prosper’s San Francisco- and Phoenix-based workforce is also on its way out the door.

San Francisco 100

San Francisco Phoenix Utah Lending 100

PYMNTS

AUGUST 12, 2016

Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. Online Lending. After a one-week hiatus, Lending Club finds its way back onto the Fizzle list.

Lending 100

Lending Apple Cards Study 100

Jeff For Banks

DECEMBER 10, 2023

Total return includes two components: capital appreciation and dividends. As both an MDI and CDFI, it applied for and received $80 million from the Emergency Capital Investment Program (ECIP) distributed by the U.S. Well done and best of luck leveraging the ECIP capital for good! #2. The Bancorp, Inc.

Fresno 101

Fresno North Carolina Raleigh FDIC 101

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. The last one, published in Jan 2014, featured 50 innovations (see below).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

MAY 24, 2016

are dropping by nearly $145 million every month, according to new analysis from online marketplace lending site Funding Options. The company, which revealed the statistic on Monday (May 23), said recent regulations pertaining to bank overdrafts have caused the steep decline in small business lending volumes.

Lending 101

Lending Trends Regulation Analysis 101

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. LENDING VERTICALS. peer-to-peer or Marketplace) and lending vertical.

Conference 60

Conference Lending Community Bank Community 60

PYMNTS

FEBRUARY 24, 2016

In a sign that small business lending may be well on its way to moving beyond the traditional conduits of big banks and other larger financial players, online platform Lendio, which helps smaller companies find access to capital, reported heady growth for 2015. The company said Wednesday (Feb. million in funding.

Lending 100

Lending Capital Company Retail 100

PYMNTS

JUNE 24, 2016

The roundup of this week’s venture capital investments in B2B startups offers some insight into the geographical differences in how this space is developing. Meanwhile, Australia and Ireland revealed their continuing support of the alternative SME lending space, even as the U.S. Alt-Lending. But the U.S. eProcurement.

National 100

National Trends Lending Capital 100

PYMNTS

SEPTEMBER 28, 2016

Investors have cooled off to alternative lending in the U.S. Just look at the near-immediate struggle faced by Lending Club and OnDeck after their IPOs in 2014, or more recently, the knock-on effect Lending Club’s less-than-noble lending practices have had on investor confidence in other marketplace lenders.

Lending 100

Lending Regulation Capital Industry 100

PYMNTS

MAY 29, 2018

Whenever it happens, it’s safe to say that a $150 billion valuation would make Ant’s IPO one of the biggest ever, putting it ahead of Facebook ’s $104 billion IPO in 2012 and behind Alibaba’s $168 billion IPO in 2014. The deal was established in the lead-up to Alibaba’s 2014 IPO. Reasons To Invest. It posted 9.18 billion yuan ($1.4

Capital 101

Capital Security Lending National 101

Bank Innovation

JUNE 23, 2016

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

Innovation 284

Innovation Company social media Operations 284

PYMNTS

JULY 29, 2020

Enova International plans to acquire online small-business lender OnDeck for some $90 million in cash and stock. The deal comes some three months after activist investor Voce Capital urged shareholders to dump three members of the company’s board. OnDeck and Enova enjoyed a combined $4.7 Second-Quarter Earnings .

Online 165

Online Fintech Report Strategy 165

CB Insights

SEPTEMBER 19, 2017

In 2014, 37% of all companies that achieved their first $1B+ valuation were based outside the US. Rounding out the top 3 are electronics company Xiaomi ($46B) and online lending platform Lu.com ($18.5B). Blum Capital Partners LP, Tiger Global Management, Sonae.com Ventures. HgCapital, Meridian Capital, JD.com.

US 78

US Company Capital Groups 78

PYMNTS

AUGUST 4, 2016

With its stock value up 10 percent in after hours trading – Square has managed to please investors with losses smaller than expected, growing payments volumes and continuing signs of strength emanating from from its lending platform for small business, Square Capital. That is also a 25 percent increase over last quarter.

Lending 100

Lending Capital Payments Taxes 100

PYMNTS

APRIL 4, 2016

We examine the findings from several market reports on small business access to capital, lending, growth and employment. 68% of B2B buyers made their purchases online in 2014 , found Accenture Interactive in a newly released research report. the price tag for buying its competitor was $36 million, the firms said.

Survey 100

Survey Lending Analysis Management 100

Celent Banking

NOVEMBER 17, 2015

In the FinTech space, much of the focus is on consumer-oriented solutions like Mint for financial management, Venmo for P2P payments, and Prosper for social lending. Online small business lending by direct credit providers has especially taken off. in 2014 and projects expansion to $35B by 2020.

Report 100

Report FDIC Lending Fintech 100

CB Insights

AUGUST 1, 2017

This teardown features annotations & commentary by four Social Capital partners. Thanks to the Social Capital team for updating/confirming their portfolio data on the CB Insights Editor. Social Capital is a VC fund with a focus on healthcare and education. CB Insights Note. Investment syndicates. BEST OF DISRUPTION REPORT.

Capital 34

Capital Software Google Company 34

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

NOVEMBER 23, 2017

Earlier this month, and just before the “open market” initiative was announced, The Financial Times reported that international banks stepped up their lending to China to a record high, as measured through the first half of the year. Now, total exposure to China, through lending, stands at $1.89 trillion at 2014’s end.

Marketing 128

Marketing Lending Security Operations 128

PYMNTS

FEBRUARY 28, 2017

The headwinds of dwindling foot traffic, the headwinds of mounting costs, the headwinds of inefficient deployments of time and capital and people? There’s a bit of a perfect storm” in place for retailers who rely on physical sales rather than those done online. Can retail survive the perfect storm, in the physical world at least?

Retail 100

Retail Lending Data Capital 100

PYMNTS

JUNE 30, 2017

It’s not just about shopping in the aisles but also about shopping online, this Amazon foray, as we have seen this company do all that it can — and with more to come — to broaden its eCommerce reach into every corner of consumables. Capital One, already hit with souring lending, has some hurdles here.

Capital 100

Capital ATM Google Marketing 100

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. lending marketplace. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

Celent Banking

MARCH 6, 2015

The figures below outline the decline of banks in the US, going from 11,462 at the end of 1992 to 5,809 in 2014. prepaid services, P2P lending, etc.). Online banking platforms are often basic, many have no mobile apps, and business platforms like treasury management are severely outdated. Even labor saving technology (e.g.

Conference 100

Conference Retail Community Austin 100

PYMNTS

JULY 3, 2018

The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways to connect entrepreneurs with capital, a journey that includes innovation and a bit of experimentation. An IBISWorld report published in 2014 found that 98 percent of U.S.

Data 100

Data social media Lending Tools 100

Bank Innovation

MARCH 9, 2016

Global fintech funding skyrocketed in 2014 and 2015, but tapered off in the fourth quarter of 2015, with the implication that 2016 won’t be so sweet, according to the report. Asian fintech deal sizes dwarfed U.S. deal sizes in 2015, a new report from KPMG and CB Insights shows. But yesterday’s Ant Read More.

Fintech 150

Fintech Report Capital blockchain 150

PYMNTS

OCTOBER 13, 2016

Kabbage is a data and technology platform that enables real-time lending. Our focus has always been on user experience and for them to get capital in less than ten minutes. The goal of all that money is, of course, to lend to small business owners. To date, the business has provided over $2.5 Fees range from 1.5

Regulation 100

Regulation Lending US FDIC 100

CB Insights

DECEMBER 4, 2019

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Today, Amazon Pay has evolved to include a digital wallet for customers and a payments network for both online and brick-and-mortar merchants. Table of Contents: Amazon’s product strategy. Closing thoughts.

Cards 101

Cards Lending Strategy US 101

PYMNTS

APRIL 17, 2017

In 2014, Starbucks stopped accepting Square’s mobile wallet, and shortly thereafter, Square pulled the plug entirely on that mobile wallet experiment. Launched in 2014 as the firm’s lending arm, Square Capital has extended over $1 billion in working capital to over 100,000 small merchants. What’s Next.

Apple 110

Apple Capital Cards Payments 110

Fintech Labs Insights

DECEMBER 17, 2015

Debt repayment app PaySwag will integrate its mobile technology with Cloud Lending’s lending platform courtesy of a partnership announced today. The white-label solution enables Cloud Lending customers to view, pay, and refinance their loans by mobile device. The relationship between the companies goes back to 2014.

Lending 12

Lending Mobile Nevada California 12