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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times reported on Monday (Dec. Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources.

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The 2022 GonzoBanker Awards

Gonzobanker

2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Provident Financial Services, Inc. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. Bravo April!

Community 216
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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange.

Apple 159
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Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. The summit speakers included Grovetta Gardineer, the Senior Deputy Comptroller for Compliance and Community Affairs at the OCC.

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3 Reasons Why Fintech is Thriving in Atlanta

William Mills

Metro Atlanta has established itself as a major hub for the fintech (financial technology) industry. and stands as a great resource for startups, promoting faster connections between talent, ideas, and capital. So how did we get here in such a short amount of time? The whole ecosystem is local. Mack Robinson College of Business.

Atlanta 42
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FinDEVr APIntelligence

Fintech Labs Insights

Building a new financial technology? Mark your calendars for our spring developer event in New York, March 29 and 30, FinDEVr 2016 and check out the first round of FinDEVr New York presenting companies. JPMorgan announces partnership with OnDeck Capital. Smarter Analyst features Tradier.

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FinDEVr APIntelligence

Fintech Labs Insights

Building new financial technology? Mark your calendars for our spring developer event in New York, March 29 and 30, FinDEVr 2016 and check out the first round of FinDEVr New York presenting companies. Developer news: Financial Services blog describes why 2015 is time to open source finance.