PYMNTS

DECEMBER 17, 2019

Domio , a startup that designs and rents apartment hotels, has raised $100 million in funding to expand both nationally and globally to 25 markets by 2020, according to reports on Tuesday (Dec. The company’s Series B round was led by GGV Capital. It is currently in 12 markets. The funding round closed in late summer.

Marketing 101

Marketing Millennials Capital New York 101

PYMNTS

JUNE 2, 2020

The forces closing in on retail have forced its various trade and advocacy groups to press their case in Washington. While the AAFA is taking its concerns to the government, the National Retail Federation (NRF) has expressed cautious optimism. Among those forces: 2.1 Brookfield is targeting $5 billion to be put toward the fund.

Retail 131

Retail Groups Washington Survey 131

PYMNTS

JULY 25, 2018

Cabot Square Capital, a U.K. financial services firm, on Wednesday (July 25) sold its entire stake in 321 Crédito, a Portuguese consumer finance lender, to Banco CTT, the bank run by Portugal’s privatized national postal service. With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014.

Capital 108

Capital FDIC Resources National 108

PYMNTS

OCTOBER 25, 2019

Yet, small business (SMB) banking wasn’t the only highlight of this week’s B2B venture capital roundup, with the two largest fundraises showcasing China’s rising B2B FinTech ecosystem in areas like expense management and invoicing. As part of its rebrand , blockchain payments firm BitPesa is now AZA Group.

Capital 101

Capital Fintech blockchain Management 101

PYMNTS

JULY 22, 2019

billion in credit to the nation’s small businesses, a possible sign that India’s current financial services sector is unable to meet the demand for small and medium-sized business (SMB) financing. The current market climate has resulted in expensive financing for small businesses, with some loans linked to 17 percent APRs.

Meeting 115

Meeting Capital National Report 115

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. FDIC), the news report noted the new bank will begin with $100 million in capital. According to a Wednesday (Nov. According to a Wednesday (Nov. and John Flemming, Carpenter & Co.’s

New York 100

New York National FDIC Lending 100

PYMNTS

FEBRUARY 17, 2020

you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world. And although we don’t have sort of a control group to cast against, I mean we certainly feel like there’s a lesson in the business when we’re doing those things well.”. 3 in the best running cities in the U.S.,

Boston 175

Boston Marketing Training Branding 175

PYMNTS

MAY 8, 2020

The poll was conducted by a San Francisco-based advocacy group called Small Business Majority, and its CEO John Arensmeyer has been a proponent of community grants that exist outside of the formal banking system that has controlled government aid up to this point. billion in liquidity guarantees by the Federal Reserve.

Maine 142

Maine Groups San Francisco Lending 142

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality.

National 133

National Training Bitcoin Samsung 133

PYMNTS

MAY 10, 2018

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. At the same time, their fundamental view of credit is consistent with the bank’s philosophy.”

Capital 122

Capital Fintech Kansas United States 122

PYMNTS

NOVEMBER 3, 2020

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement.

Payments 263

Payments Resources Lending Online 263

PYMNTS

FEBRUARY 19, 2019

As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services. making it one of the nation’s first new community banks in years. months in the first half of 2018, from 5.6

Marketing 108

Marketing Community Community Bank Industry 108

South State Correspondent

MAY 23, 2022

While every bank’s mix of deposits and loans is different, community bankers should consider some common themes in the market when optimizing their balance sheet loan portfolio. The graph below compares the loan repricing mix for banks under $2B in assets, over $25B in assets, and the national average over the last year.

Lending 195

Lending Community Bank Community Capital 195

PYMNTS

JANUARY 29, 2020

Florida FinTech Fidelity National Information Services (FIS) is partnering with London FinTech Liberis , to offer small to medium-sized businesses (SMBs) an alternative funding source, FIS announced in a press release Wednesday (Jan. With the introduction of Working Capital, U.S. Liberis Group. FIS merchants in the U.S.

Lending 131

Lending Florida Capital Fintech 131

PYMNTS

OCTOBER 29, 2020

A number of large accounting groups have turned down requests to audit Greensill Capital as the SoftBank -backed firm mulls a stock market listing, the Financial Times (FT) reported. The United Kingdom-based organization has become one of the most highly valued private finance firms in the nation as of its 2011 establishment.

Report 130

Report Capital Groups National 130

PYMNTS

SEPTEMBER 21, 2018

CNBC reported that the stocks as a group fell into low single-digit percentage points in the wake of analyst Michael Rehaut’s note, which downgraded the aforementioned names, saying that “we are becoming more cautious on the homebuilding sector” and “we expect the housing recovery to remain fairly tepid in 2019.”. million homes annually.

Marketing 128

Marketing Trends Course Lending 128

PYMNTS

SEPTEMBER 21, 2018

CNBC reported that the stocks as a group fell in the low single digit percentage points in the wake of analyst Michael Rehaut’s note that downgraded the aforementioned names stated that “we are becoming more cautious on the homebuilding sector” and that “we expect the housing recovery to remain fairly tepid in 2019.”. million homes annually.

Marketing 100

Marketing Course Trends Lending 100

South State Correspondent

APRIL 10, 2023

Fair value accounting measures assets and liabilities at current market value instead of historical or amortized value. The graph below shows loan repricing buckets for three asset-sized groups of banks: under $1B, $1B to $3B, and over $25B in assets. in Tier 1 capital.

Community Bank 195

Community Bank Community Security Capital 195

PYMNTS

SEPTEMBER 4, 2017

The recommerce trend is sweeping not just the nation, but perhaps the world. Chinese consumers have demonstrated interest in the recommerce field, but the category is still growing and doesn’t yet include a particularly large group of players. Smaller firms are growing quickly and making gains in the market.

Marketing 100

Marketing social media Retail Mobile 100

PYMNTS

MARCH 2, 2020

Two individuals were accused of being connected to the Lazarus Group cybercrime organization per an update of the “Specially Designated Nationals” (SDN) list from OFAC. The group has been blamed for stealing over $500 million in digital currency as long ago as 2018. JVCEA said Tokyo Hash and Digital Asset Markets Inc.

Bitcoin 177

Bitcoin Policies Groups California 177

PYMNTS

NOVEMBER 15, 2018

billion in small business loans from non-bank lenders to increase availability of working capital for the nation’s SMBs. ” Reports noted that bank lending to small firms has constricted in recent years amid market pressures to reduce risk exposures. .”

Lending 146

Lending National Capital Analysis 146

South State Correspondent

MAY 1, 2024

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

Innovation 195

Innovation social media Branding Marketing 195

Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades. According to CB Insights, US fintechs raised $14.6B

Fintech 210

Fintech Los Angeles Lending Analytics 210

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. The industry claims that means payments banks wouldn’t be subject to the same capital liquidity requirements that regular banks are.

Regulation 349

Regulation National System Industry 349

Lex Sokolin

MARCH 31, 2021

The Distribution of Social Capital A lot of the language in fintech and Ethereum has been about democratization, and helping people have better financial services. While there is some variation as incomes go up, the simple nature of things is that unequal distributions are part of the nature of our groups?—?whether Let’s get to it.

Capital 52

Capital Marketing Community social media 52

PYMNTS

JULY 24, 2018

the developer of facial recognition system Face++ , is reportedly raising at least $600 million from investors including Alibaba and Boyu Capital. Megvii provides face-scanning systems to companies including Lenovo Group Ltd. Other investors include Foxconn Technology Group , CCB International Holdings Ltd., Megvii Inc.,

Capital 100

Capital National Groups Maine 100

PYMNTS

NOVEMBER 27, 2018

Australia-based challenger bank Judo Capital has raised more than $250 million from Credit Suisse Australia, according to reports. The investment follows a $104 million equity funding round from Ontario Pension Trust, Abu Dhabi Capital Group, Myer Family Investments and Credit Suisse Asset Management earlier this year.

Lending 134

Lending Capital Fintech National 134

PYMNTS

JANUARY 21, 2020

Adeeb Ahamed, managing director of LuLu Financial Group , which is headquartered in Abu Dhabi, said the collaboration with MoneyGram “will revolutionize” how remittances are handled in the Asia-Pacific region, “changing the way people approach digital transactions.”. ” Launched in 2009, Lulu Money has five million users processing 1.1

Regional 250

Regional cryptocurrency System National 250

PYMNTS

MARCH 29, 2020

Bigger lenders — JPMorgan Chase , Bank of America , Capital One and Santander — are pouring over various borrowing rules and making revisions, informed sources told the WSJ. Square and On Deck Capital are among the FinTechs planning to follow suit in the coming days.

America 198

America Capital Cards Lending 198

Jeff For Banks

FEBRUARY 20, 2016

On February 14-17 the American Bankers Association held their National Conference for Community Bankers. The format was to first ask a couple of group questions. Did their markets support their growth aspirations? Did their markets support their growth aspirations? The second group question regarded capital.

Conference 60

Conference Community National Millennials 60

PYMNTS

FEBRUARY 8, 2019

Reports in the Financial Times earlier this week revealed that investors are advising startups to hold on to cash and gather reserves to remain stable amid any market uncertainties. With on-demand services like Airbnb landing a greater share of the business travel market, other players looking to compete are coming in fast.

Fintech 188

Fintech Capital New York City Analysis 188

PYMNTS

JANUARY 29, 2020

As the longest-serving chief executive of an S&P 500 firm, Wexner molded Victoria’s Secret, The Limited and Abercrombie & Fitch into national chains, The Wall Street Journal reported. the parent company of Victoria’s Secret , fell 29 percent in 2019 and were not part of an expansive stock market rally. Shares of L Brands Inc.,

Branding 130

Branding Retail National Report 130

PYMNTS

AUGUST 16, 2019

The funding was led by Twitter, along with TrustBridge Partners and existing investors Shunwei Capital, Lightspeed Venture Partners, SAIF Capital, India Quotient and Morningside Venture Capital. Facebook’s WhatsApp is poised to roll out in India, but The National Payments Corp. ShareChat declined to comment.

social media 108

social media Capital Regional Google 108

South State Correspondent

MAY 18, 2022

In two recent articles, we reviewed the banking industry’s deposit behavior with regard to cost of funding earning assets (COF) ( HERE ), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle ( HERE ). A graph for SouthState Bank appears below.

Community Bank 195

Community Bank Community Analysis Industry 195

PYMNTS

JANUARY 5, 2020

Amir Rubin, a former UnitedHealth group executive, succeeded Lee. ” It has applied as common stock on the Nasdaq Global Select Market. Investments in One Medical were led by the Carlyle Group, which owns 26.8 Other investors include Benchmark Capital Partners, which owns 13 percent, and Oak Investment Partners, with 11.4

San Francisco 132

San Francisco San Diego Los Angeles Phoenix 132

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

Fintech San Francisco Capital Software 192

PYMNTS

SEPTEMBER 23, 2019

Bank of America has announced that it has joined the Marco Polo Network , the leading trade and working capital finance network. We look forward to working with Bank of America to address critical market challenges and to expand the network’s reach and eco-system to a wider audience of corporate customers.”.

America 148

America Capital National Groups 148