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Zopa P2P Lender To Land 12th-Hour Investment To Become Bank

PYMNTS

Launched in 2005, Zopa is considered one of the world’s first P2P lenders, lending almost £4 billion to consumers in the U.K. Acquiring our banking license is the starting point for Zopa to become a major force in retail banking,” said Jaidev Janardana, Zopa’s chief executive, in a statement last year.

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Zopa Secures UK Banking License

PYMNTS

million) from new and existing investors in two funding rounds since applying for the banking license in 2016, and it added several former banking executives to create a board. At the time, Zopa said it raised £60 million ($67.7

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players.

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The 27 Fintech startups from YC’s Summer 2020 batch

Fintech Labs Insights

In the first 9 years of YC (2005 thru 2013), only 24 YC companies were in the fintech space though two of those early participants are now decacorns ($10B+). Startups 2005 1 2006 0 2007 1 2008 1 2009 2 2010 2 2011 6 2012 5 2013 6 2014 13 2015 19 2016 17 2017 27 2018 23 2019 40 2020 50 Source: YCDB.co, TechCrunch. Year Fintech.

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Top 33 Digital Lenders to U.S. Small Businesses (SMB) in Nov 2021

Fintech Labs Insights

A defunct Canadian bank, Bayshore Trust, launched the first online loan application in March 1996. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. Founded: 2005. Related: Top 17 Online Digital Corporate Credit Cards for Small Businesses (Dec 2021). Charlston, SC.

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The 134 Fintech Unicorns of the 21st Century (Jan 2021 update)

Fintech Labs Insights

But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. To qualify, a company must have been founded in 2000 or later and have its primary business related to financial services including banking, savings, lending, investing, insurance, wealth management, SMB accounting and payroll.

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Top 26 Digital Lenders to U.S. Small Businesses (SMB, May 2021)

Fintech Labs Insights

A defunct Canadian bank, Bayshore Trust, launched the first online loan application in March 1996. Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. Founded: 2005. Online Digital Banks for Small Businesses (SMB) May 2021. Camino Financial. Lighter Capital. Pittsburgh.

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