PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services, according to a recent Federal Reserve report.

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PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

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PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems.

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Bank Innovation

MAY 4, 2016

A deep read of OnDeck Capital‘s earnings report yesterday reveals this truth: the company is moving away from marketplace lending.

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Lending Capital Report Company 150

PYMNTS

MARCH 5, 2019

According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. Last month, Bloomberg reported Chime was in talks to raise $300 million at a $1.5

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PYMNTS

JULY 3, 2020

Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. Supporting that initiative is Square Peg Capital, which led a $6.3 With a combined $43.3

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PYMNTS

JANUARY 29, 2018

Small and medium-sized business (SMB) lending company Breakout Capital is expanding its product line, according to company reports on Friday (Jan. Breakout Capital explained that the tool allows factoring firms to use its platform to reach borrowers.

Capital 109

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Bank Innovation

APRIL 13, 2018

Small business banking company Kabbage is set to acquire startup Orchard Platform Markets, a provider of lending data and services, it was reported yesterday. Plans for the […].

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PYMNTS

JUNE 22, 2018

Treasury Department is poised to release a report over the next few weeks that will give some recommendations on regulating financial services, with a nod to the advantages of FinTech efforts and sandboxes that encourage innovation. The previous reports had touched on asset management, banking, insurance and capital markets.

Innovation 129

Innovation Fintech Regulation New York 129

PYMNTS

NOVEMBER 1, 2019

Merchants and disbursements providers need to innovate quickly to stand up against their competitors, many of which are smaller FinTechs or startups that can capitalize on the host of customers that near-exclusively transact and receive money through digital and mobile devices. Around The Disbursements World.

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PYMNTS

MAY 6, 2016

Another SME financing advocacy group has been formed, this time by OnDeck, Kabbage and CAN Capital. The firms announced the creation of the Innovative Lending Platform Association on Thursday (May 5), citing advocacy, education and the development of best practices as their goals.

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PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

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PYMNTS

AUGUST 22, 2017

Venture capital may be drying up for some alternative lenders, but small business lending platform Capital Float is continuing its funding spree with an additional $45 million. 21) led by Ribbit Capital, based in Silicon Valley. Earlier this year, Capital Float announced a much smaller funding round to the tune of $2.3

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PYMNTS

JUNE 1, 2018

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S. billion in 2015.

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PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. About a third of SMBs recently told Capital One they’re currently in a better financial position than they were a year ago, for instance.

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PYMNTS

AUGUST 31, 2017

29), ShopKeep announced the launch of a small business financing solution, ShopKeep Capital. Difficulty accessing capital is an issue most businesses are familiar with, but for the independent merchants we serve, the issue carries even more weight,” said ShopKeep CEO and President Michael DeSimone in a statement. On Wednesday (Aug.

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PYMNTS

MAY 10, 2016

Renaud Laplanche , Former CEO of Lending Club, in a 2013 interview. Those were the good old days of Lending Club, a Silicon Valley darling that was the next big thing in lending. Lending Club was the poster child of that alt lending movement. I want to create something new and innovative.”

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Bank Innovation

JULY 12, 2016

Scandals aside, Lending Club has been doing well in the area that mattered — borrowers were paying back their loans. But a new report from the Wall Street Journal indicates that chargeoff rates at Lending Club are up 38% since 2013. This is troubling because credit card default rates decreased over the Read More.

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PYMNTS

SEPTEMBER 30, 2016

B2B startups saw a little bit of everything this week when it came to venture capital. million funding round over the weekend, with the corporate expense management company seeing funding from Sabadell Venture Capital, Venturecap, Bankinter, Telegraph Hill Capital and Kibo Ventures. Alternative Lending. Blockchain.

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PYMNTS

JUNE 24, 2020

The Gurgaon-based startup, which has built a digital lending platform for small businesses, took to Twitter to announce the news of the cash infusion by Alphabet’s CapitalG, as well as current investors A91 Partners, MAJ Invest, LGT Lightstone and Falcon Edge Capital, who also chipped in. That followed a $16.8

Lending 183

Lending Capital Analytics Groups 183

Abrigo

DECEMBER 17, 2021

Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. . It’s great that more financial institutions are welcoming technological innovations, but banks and credit unions must consider the long-term impact of their partnerships. Digital Banking Report.

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PYMNTS

SEPTEMBER 6, 2019

Today in the payments news roundup, Stripe launched Stripe Capital to simplify the way internet companies can access funds. trillion in spending on goods and services last year, per The Nilson Report. Stripe Gets Into Lending. Report: Inside Australia’s Push for a Safe and Trusted Digital ID. generated $6.13

Capital 128

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Abrigo

AUGUST 6, 2021

Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). 1 Today, community banks are at a critical crossroads: innovate or be left behind (or acquired). . Community banks are critical to ag lending and small business lending. Background on Community Banking. Do we need community banks?

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PYMNTS

APRIL 20, 2018

Alternative finance, cybersecurity and logistics providers landed the majority of the more than $205 million in funding placed for B2B startups in venture capital and debt. Alternative Lending. Cerebro Capital. Wunder Capital. The largest investment round of the week goes to Wunder Capital, a U.S. B2B Payments.

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PYMNTS

AUGUST 8, 2017

educated entrepreneurs met while working abroad at Renaissance Capital and Deutsche Bank. such as Zopa and Lending Club, they saw an opportunity in emerging markets that had been ignored by the big banks, such as Russia, Georgia and Kazakhstan. Observing the rise of disruptive companies in Europe and the U.S.,

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PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Their next target could be small business lending, and according to some experts, it’s fast approaching the market. New reports in Bloomberg on Wednesday (Oct. Chatter Picks Up Steam.

Lending 109

Lending Google Fintech Industry 109

PYMNTS

SEPTEMBER 13, 2017

To help SMBs overcome their fears and expand their global reach, Payoneer and UPS Capital have announced a new service for the latter’s SMB customers, a soluion which helps them process B2B transactions through a licensed escrow service. APIs invite innovative changes to banking. To read the story, download the latest Tracker. .

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PYMNTS

APRIL 14, 2016

Finland’s government has passed proposed legislation targeting the crowdfunding and alternative finance industry, reports on Wednesday (April 13) said. The Finnish Crowdfunding Act was designed to clarify the role of regulators as alternative lending fills the gap left by traditional banks unwilling to lend to SMEs.

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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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Abrigo

FEBRUARY 13, 2020

Key Takeaways To better serve their community, as well as stay competitive in this fast-moving environment, savvy CFIs are carefully blending digital innovations with their hallmark relationship banking practices. The data and reporting features are a major benefit for both lenders and management. Lending & Credit Risk.

Community 273

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PYMNTS

MARCH 30, 2017

Alternative lending was supposed to be the way SMEs broke through banking barriers to gain access to capital, enabling them to boost growth opportunities, investment options, commercialization of innovations and employment. This is not entirely unusual, as alternative lending is still a relatively new and growing category.

Lending 100

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PYMNTS

JUNE 13, 2018

Holdaway, who has an MBA from Harvard Business School, joins Barclays after 15 years at Capital One , where he held a variety of senior leadership roles in new business initiatives, internet acquisitions and partnership finance. He will report to Barry Rodrigues, CEO of cards and payments, and Richard Haworth, CEO of the Americas business.

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PYMNTS

OCTOBER 3, 2017

Access to capital is the first, last and constant problem that small businesses experience in the day-to-day course of doing business. Just a few weeks ago, news outlets were reporting of a start-up slump, which has had an iron grip on the economy for over 10 years. Although they are often hailed as the backbone of the U.S.

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Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Community financial institutions' experience with PPP technology also translates to other areas of lending.

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PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. Earlier this week, reports emerged that some alternative lending and industry professionals are beginning to heighten their anxieties about incoming regulation, particularly as some ponder whether the U.S. Alternative Lending.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

MARCH 18, 2016

The alternative small business lending market took home the biggest slice of cake this week with about $33.5 million worth of venture capital across two deals. But it was the big names from Google, Cisco and Hewlett-Packard that made for the week’s largest enterprise-focused venture capital round. SME Finance.

Lending 100

Lending Capital Google Security 100

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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