PYMNTS

JANUARY 5, 2021

The Opportunity Fund provides working capital loans ranging from $2,600 to $100,000 to underserved businesses that might otherwise run afoul of more rigid underwriting requirements and more extensive documentation rules at traditional lenders. Network teamed up.

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PYMNTS

MAY 2, 2017

For small businesses, expansion is key, and expansion needs capital. In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. 500,000 in the United States, with terms of three to five years.

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Payments Source

JANUARY 26, 2021

company is acquiring Allegro, a California lender that finances the purchase of hearing aids and other health-related products or services. It’s aiming to capitalize on the rising popularity of point-of-sale lending and a need for more financing options in health care — especially as more Americans turn to high-deductible plans.

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CB Insights

AUGUST 16, 2021

Upgrade , an online lending platform, has raised $105M in a Series E. The round drew participation from Black River Ventures, Ventura Capital, and Koch Disruptive Technologies. California-based Upgrade focuses on providing consumers with affordable and ethical credit. HOW’S THE COMPANY PERFORMING? Want the full post?

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PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

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PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Lendingkart.

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PYMNTS

SEPTEMBER 17, 2020

Five years after LoanDepot ditched plans to go public, the California-based lender, now worth as much as $15 billion, is giving the idea a second look. We continue to evaluate capital options and are excited about our industry position,” CEO Anthony Hsieh told Bloomberg. Securities and Exchange Commission (SEC).

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Bank Innovation

AUGUST 25, 2017

The funding round was led by Menlo Park, California-based venture capital firm Greylock Partners. Other investors included Emergence Capital, 8VC, Lightspeed Venture Partners, and Nyca Partners. Based in San Francisco, Blend was established […].

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PYMNTS

APRIL 16, 2020

three California technology companies, all wanted a piece of the federal government’s $350 billion loan program, which was designed to keep businesses in the black during the COVID-19 pandemic. . It didn’t help that the SBA’s online loan platform couldn’t handle the lending software the companies used. PayPal Holdings Inc.,

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PYMNTS

APRIL 19, 2019

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company said it plans to use the investment to further build out its lending operations.

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PYMNTS

JANUARY 17, 2020

With Tradeshift securing a nine-figured fundraise, the supply chain payments company was the undoubted leader of this week’s B2B venture capital fundraise. Alternative small business lending platform Akseleran, based in Indonesia, announced $8.55 Alternative small business lending platform Akseleran, based in Indonesia, announced $8.55

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PYMNTS

AUGUST 14, 2020

Mexico’s Creze secured about $12 million in fresh funding that will bolster the company’s small business lending operations. The company will aim to enhance its risk analysis to accelerate loan processing for businesses to receive capital access financing within three days, per reports in Contxto.

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American Banker

JANUARY 26, 2021

company is acquiring Allegro, a California lender that finances the purchase of hearing aids and other health-related products or services. It’s aiming to capitalize on the rising popularity of point-of-sale lending and a need for more financing options in health care — especially as more Americans turn to high-deductible plans.

California 83

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PYMNTS

OCTOBER 4, 2019

An Egyptian firm landed the MENA region’s largest-ever seed round, a California company proved U.S.-based based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. based Steadview Capital, adding to the previous Series A round announced in April.

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Abrigo

SEPTEMBER 5, 2023

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). Path to removal – Sometimes an exception is like the Hotel California – you can check out anytime you like, but you can never leave. It just stays on forever. A guarantee generally should be unlimited and continuing.

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PYMNTS

OCTOBER 11, 2019

After one of the busiest weeks of the year for B2B startup venture capital funding, this week revealed a bit of a lull in the market. Led by Swisscom Ventures and Edenred Capital Partners, the funding saw participation from existing backers Lakestar and Notion Capital as well, while Columbia Lake Partners also provided funds.

Capital 169

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PYMNTS

SEPTEMBER 25, 2020

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S.

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PYMNTS

MARCH 21, 2019

The latest move raises Aura’s raised capital amount to $403 million through 21 bond issuances, a number that has helped to fund 283,469 loans. who simply don’t have access to safe lending and are susceptible to predatory lenders. James Gutierrez, CEO and founder of Aura, said the capital will help further the company’s mission. “We

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PYMNTS

JULY 13, 2020

Minneapolis-based buy now, pay later (BNPL) firm Sezzle has raised $55 million in its latest capital round, according to a press release. Sezzle was also approved for a lending license by California’s Department of Business Oversight (DBO) in January.

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Jeff For Banks

JULY 19, 2020

Excess Capital 3. I defined excess capital as top quartile tangible equity to assets for the most recent year ended 2019. We surely should award higher multiples to faster growers, with top quartile capital, and a superior deposit mix than those that lack those attributes. SBA Lending. The three attributes were: 1.

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Jeff For Banks

FEBRUARY 12, 2024

Raised capital in late 2019. In 2018, started its LIHTC lending line. Instead of doing what was "easy" and raising capital, $QCRH decided to sell its least profitable charter, Rockford Bank and Trust, to bring in the capital to support its robust growth. 14/25 Capital priorities for banks: 1. shareholder value.

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PYMNTS

JULY 30, 2020

Bork will spearhead Sezzle’s enterprise business development efforts, as the company focuses on client acquisition following its recent capital raise. As PYMNTS recently reported , the buy now, pay later (BNPL) firm raised $55 million in its latest capital round. The company offers U.S.

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PYMNTS

SEPTEMBER 28, 2020

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

San Francisco 139

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PYMNTS

JULY 20, 2018

million with B2B startups this past week, and while investment targets were diverse (including B2B eCommerce and small business lending), the bulk of the funding landed at companies focused on enhancing businesses’ ability to assess their performance. Investors placed more than $136.5

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PYMNTS

MAY 11, 2018

With more than $175 million raised for B2B startups this week, the undoubted winner was a California-based artificial intelligence data analytics company – a sign, the firm noted, of the enterprise’s increasing reliance on AI. Alternative Lending. Check out the latest investment rounds below. CCRManager. Artificial Intelligence.

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Abrigo

MARCH 9, 2017

Community Development Financial Institution (CDFI) loan funds help to promote healthy communities by providing early-stage credit, capital, and financial services to small businesses, affordable housing and community facilities developers, community organizations, and other types of borrowers. communities where capital tends to be scarce.

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PYMNTS

JULY 27, 2020

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. The investor was TSG Capital Partners, according to TechCrunch. In February, Menlo, California-based TCV led a $500 million round.

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PYMNTS

APRIL 28, 2017

venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. This week’s B2B venture capital roundup is quite indicative of these trends. According to KPMG’s U.S.

Fintech 192

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PYMNTS

SEPTEMBER 30, 2019

California-based ForwardLine Financial announced that it has raised $20 million in growth capital, led by Five Oceans Capital and Marsico Enterprises. The new capital help the company achieve new record originations in Q2 2019, a 300 percent increase over the previous year.

Capital 115

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PYMNTS

NOVEMBER 2, 2018

The investors followed a Series C investment round closed by Veritas earlier this year, which was led by CDC, Pai and Lok Capital. Targeting small and medium-sized businesses with its asset-based lending solution, The Credit Junction revealed a $23 million equity investment from Century Equity Partners this week. The Credit Junction.

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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. They changed their name.

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PYMNTS

JANUARY 13, 2017

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. “It’s probably a combination of things,” Cormac Leech, a principal at private-equity firm Victory Park Capital Advisors, told Bloomberg.

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PYMNTS

MARCH 8, 2019

This week’s B2B Venture Capital roundup shows FIs are placing funding with their FinTech partners, too, including Nationwide and HSBC U.K., For traditional financial institutions (FIs), working with a would-be competitor means integrating technologies for customers without having to build solutions from scratch. Betterworks.

Fintech 181

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PYMNTS

MARCH 31, 2020

COVID-19 is spurring firms that rely on consumer spending, and on lending to finance big-ticket purchases, to invent new ways to keep business flowing – with a nod to the fact that the uncertain economic impact of the virus may hurt consumers’ near-term ability to pay for those items. Necessity, as they say, is the mother of invention.

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Houston Lending New York Examples 141

PYMNTS

MAY 30, 2019

Ride-hailing giant Uber has teamed up with a leasing startup called Fair to help drivers without credit, or with low capital, secure a car, according to a report by Bloomberg. The company started the partnership in California in January, and now it plans to expand to 10 major markets across the U.S.

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PYMNTS

NOVEMBER 29, 2019

Vouch Insurance , which offers insurance to high-growth technology firms through an online platform, said last week that it has raised $45 million in a funding round, and has expanded its service into California. The total raised to date comes in at $70 million.

Policies 191

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Bank Innovation

DECEMBER 8, 2017

Other investors include California-based investment firms Accel and TCV, both of whom […]. EXCLUSIVE- Emerging markets-focused money transfer app WorldRemit has raised another round of funding, bringing the total amount to $220 million.

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