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Digital Payment Company Nexi Agrees To Buy SIA ForĀ $5.4B

PYMNTS

Nexi , the Italian digital payment company, agreed Sunday (Oct. The transaction will create a company with a combined market capitalization of around 15 billion euros ($17.6 the San Francisco-based financial services company. 4) to buy its FinTech competitor, SIA , for about 4.6 billion euros ($5.4 billion euros ($9.1

Company 151
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Digital Mortgage Startup Blend Expands Into Consumer Banking

PYMNTS

The San Francisco-based digital mortgage and loan platform on Wednesday (Sept. 23) announced its expansion into consumer banking to include personal loans and credit cards. based early growth, FinTech-focused venture capital firm. based early growth, FinTech-focused venture capital firm.

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The $500B Consumer Lifestyle Opportunity Credit Unions Are Missing

PYMNTS

The historical focus of credit unions has been consumer lending , with a focus on providing the lowest rates to customers. Making it to the top of the pile is about more than making an offering, she said: ā€œItā€™s about building the right one ā€“ and making sure consumers know itā€™s there to capitalize on.ā€. Building The Right Offerings .

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Unbundling Bank Of America: How The Traditional Bank Is Being Disrupted

CB Insights

Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3ā€™20 to $4.9B. The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. SMB lending . Consumer lending.

America 101
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SoFiā€™s $500M Pickup (And The Big Expansion Itā€™s Fueling)

PYMNTS

SoFi, the San Franciscoā€“based lending startup, has by all reasonable metrics hit the ground in 2017 running. To open the month of February, SoFi announced it had acquired online banking startup Zenbanx. An ā€œOpportunisticā€ Round.

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2021 GonzoBanker Awards

Gonzobanker

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. We salute a legend of lending and credit union leadership.

Fintech 147
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Fintech Fundings: 25 Companies Raise $1.6 Billion Week Ending Aug 20

Fintech Labs Insights

HQ: San Francisco, California. Alt-consumer lending. Marketplace lender and digital banking solutions provider. HQ: San Francisco, California. Capital Match. Peer-to-peer lending marketplace for small businesses. HQ: San Francisco, California. Total raised: $1.75