Fintech Labs Insights

DECEMBER 1, 2021

With Brex’s arrival on the scene in 2018 followed by a meteoric rise to multi-unicorn status, there has been considerable attention to, and investment in business credit/charge cards ( see definition below ). Below is a ranked list of the 17 challenger business credit cards currently active in the United States. Founded: 2007.

Cards 15

Cards Online Utah Austin 15

PYMNTS

AUGUST 4, 2017

The buyout value of the combined issued and to-be-issued ordinary share capital is approximately £2.96 Founded in 1985 and publicly listed since 2007, Blackstone is one of the world’s leading investment firms with Blackstone Fund assets totaling more than $371 billion.

Online 108

Online Innovation Payments Capital 108

PYMNTS

SEPTEMBER 18, 2018

Mortgages and Credit Cards and Student Debt…. Outstanding credit card debt is at the second highest point seen since the end of 2008, and total outstanding debt stands at $1 trillion. Student debt was at $545 billion at the end of 2007, just ahead of the financial crisis, and now stands at more than $1.5 Mortgages ?

Lending 148

Lending Innovation Fintech Cards 148

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Fraud prevention tools. Supporting merchant partner growth. Growing the internet economy.

Online 98

Online Company Retail Payments 98

PYMNTS

AUGUST 13, 2018

In July, it was reported that HMNY arranged a short-term $6 million loan from Hudson Bay Capital Management , $5 million of which will go toward paying its partners. Bank will sell its card processing service, Elan. Elan processes cards for 1,800 banks in the U.S., and more than 13 million ATMs and debit cards.

Data 100

Data ATM Cards Fraud 100

CB Insights

DECEMBER 4, 2019

Below is a timeline of some of the major Amazon Pay milestones: Amazon’s first known payments product, Pay with Amazon, launched in 2007. In 2007, the company also invested in Bill Me Later (fka I4 Commerce). Swipe fees alone are a $90B-a-year business for banks, card networks like Visa, and payment processors like Stripe.

Cards 101

Cards Lending Strategy US 101

Fintech Labs Insights

NOVEMBER 8, 2016

One of the paradoxes of the early digital banking era (1995 to 2007) was why Capital One was a laggard? Fast-forward six years and Capital One owns the innovation mantle, at least in the United States. Kudos to Capital One for leading the way. Exhibit 1: “Second Look” notification from Capital One.

UX 17

UX Capital Mobile User Experience 17

Jeff For Banks

DECEMBER 12, 2015

Firms started in the dorm room that have no employees, just an eager volunteer, no revenue, and no capital need not apply. So FinTech (six) firms need capital and revenues to grab a foothold in the financial services market. They establish the "Chip & Choice", a battery powered card that has multiple EMV chips.

Fintech 60

Fintech Capital Cards Bitcoin 60

Fintech Labs Insights

AUGUST 6, 2015

A $15 million Series D round led by FTV Capital has boosted the total capital of prepaid solutions provider, CashStar , to $50 million. New investor Mosaik Partners and current investors, Passport Capital, Intel Capital, and North Hill Ventures also participated.

Capital 12

Capital Portland Maine New York 12

CB Insights

JULY 11, 2019

Series A in 2007. Latest to launch: Dave was founded in October 2016, and its first reported capital raise was a $3M seed round in April 2017, making it one of the youngest companies in this cohort to cross 1M+ customers. Nubank is the largest challenger bank today and has 9M customers (across credit cards and bank accounts).

Fintech 64

Fintech cryptocurrency Examples Cards 64

PYMNTS

OCTOBER 12, 2018

Consumers may feel a pinch (eventually) in the wallet, as credit card debt and mortgages become more expensive. Non-financial corporate debt, as a percentage of [gross domestic product (GDP)], is much higher than it was in 2007 and much higher than it was in 2001 … and, interestingly, much higher than it was in 1929,” he said.

Capital 131

Capital Course Management Lending 131

PYMNTS

DECEMBER 16, 2019

The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, stating the 2010s with a brand-new toolkit. Apple has introduced a credit card and companion card app with personalized offers and an easy customer interface to drive more Services revenue.

Payments 180

Payments Innovation Cards Google 180

Fintech Labs Insights

NOVEMBER 19, 2021

But as you can see from the chart below, the digital SMB lenders started in earnest during and right after the 2007/2008 financial crash. Only 4 surviving lenders were launched prior to 2007. Whereas, 3 of the 6 largest were founded in 2007, 2008, and 2009. Prior to 2007 >>> 4. 2007 to 2011 >>> 10.

Atlanta 15

Atlanta Utah Miami DC 15

PYMNTS

SEPTEMBER 14, 2016

The rise is the first increase in median income since 2007, the year before the Great Recession started, according to CNNMoney. Millennials don’t seem to be feeling Banana Republic any longer, according to a study by RBC Capital Markets. This is not going to help the fashion retailer reverse its declining sales figures.

Los Angeles 100

Los Angeles Millennials Apple Retail 100

PYMNTS

AUGUST 21, 2017

After hearing that a big conference was coming to San Francisco and that hotel rooms were totally sold out, two 27-year-old guys, who were living there in 2007 and struggling to pay rent, bought three airbeds and turned their living room into a makeshift bed and breakfast. million from Benchmark Capital and changed its name to eBay.

Online 128

Online Retail San Francisco Mobile 128

PYMNTS

JANUARY 1, 2020

The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, starting the 2010s with a brand-new toolkit. Apple has introduced a credit card and companion card app with personalized offers and an easy customer interface to drive more Services revenue.

Innovation 174

Innovation Cards Google Payments 174

Fintech Labs Insights

NOVEMBER 19, 2021

But as you can see from the chart below, the digital SMB lenders started in earnest during and right after the 2007/2008 financial crash. Only 4 surviving lenders were launched prior to 2007. Whereas, 3 of the 6 largest were founded in 2007, 2008, and 2009. Prior to 2007 >>> 4. 2007 to 2011 >>> 10.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

But as you can see from the chart below, the digital SMB lenders started in earnest during and right after the 2007/2008 financial crash. Only 4 surviving lenders were launched prior to 2007. Whereas, 3 of the 6 largest were founded in 2007, 2008, and 2009. Prior to 2007 >>> 4. 2007 to 2011 >>> 10.

Atlanta 15

Atlanta Utah Miami DC 15

PYMNTS

DECEMBER 10, 2016

I crossed paths with Laplanche back in 2007 and wanted to back him right away,” Petrushka said. When I founded my first startup, it got me thinking — banks are middlemen that can and should be disrupted,” Laplanche noted in a 2007 interview on how he came up with the idea of Lending Club.

Lending 100

Lending Compliance Capital Marketing 100

TrustBank

DECEMBER 8, 2022

From Q2 of 1993 through the end of 2007, household debt as a percentage of disposable personal income climbed by 26% to13.1%. Revolving Credit (Credit Cards & Personal Lines of Credit): While home ownership grew, revolving credit exploded. It expanded by 262% from 1990-2004 and by over 369% through 2008.

US 52

US Policies Taxes Washington 52

PYMNTS

OCTOBER 17, 2017

Walmart claimed it wanted to leverage the proposed bank mainly for the purpose of lowering costs of its backroom processing of check and credit card transactions and to offer high-interest certificates of deposits. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.

Industry 108

Industry Fintech FDIC Community Bank 108

CB Insights

NOVEMBER 6, 2018

Select Investors: DST Global, DN Capital, SoftBank Group. Select Investors: Institutional Venture Partners, Sequoia Capital, General Atlantic. Select Investors: Rhone Capital. Select Investors: Index Ventures, DST Global, Ribbit Capital. TowerBrook Capital Partners. OttoBock Healthcare. Valuation: $3.5B.

Groups 76

Groups Capital Operations Fintech 76

Gonzobanker

DECEMBER 17, 2021

Based on a clearly defined strategy, this team has established a dedicated fintech group that offers services ranging from BaaS to sponsoring card issuance and lending, to providing crypto services, to offering niche partnerships to the gaming industry. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. Enough said?

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

JANUARY 1, 2019

Even if there were a trustworthy way to send money over the internet (which there isn’t), the network is missing a most essential ingredient of capitalism: salespeople.”. There’s no chance that the iPhone is going to get any significant market share,” Ballmer noted in 2007, according to Forbes. and around the world.

Apple 150

Apple Google Bitcoin Mobile 150

Jeff For Banks

SEPTEMBER 13, 2015

Selection: Greg Garrabrants, BofI Holding, Inc, (NASDAQ: BOFI) Greg has been in charge of the Bank since 2007. Selection: Mitch Englert, EVP of Community Banking, Capital City Bank Group, Inc. Thirty-four percent of Capital City's deposits are non-interest bearing. Imagine that. What has he delivered to his team?

Community Bank 60

Community Bank Lending Community Security 60

Fintech Labs Insights

JUNE 7, 2021

Launched in a midtown (NYC) basement venue in 2007, Finovate* now organizes 4+ shows annually where fintech startups (as well as a few bigger companies) show their technology in no-Powerpoint 7-min live(ish) demos. Funding : Unknown (currently seeking capital). Company links: Website | Linkedin | Twitter. . HQ: London, UK.

Fintech 15

Fintech New York Colorado Online 15

Fintech Labs Insights

APRIL 16, 2020

The fintech hits : The seeds of several important companies were sown in the 1999 to 2007 stretch (Paypal, Prosper, Zoka, Mint, Credit Karma). Financial crisis (2007-2008). The crash : Banks were just starting to test the digital waters in 2006 and early 2007 when the bottom dropped out of their balance sheets.

Fintech 15

Fintech UX Community Comparison 15

Fintech Labs Insights

DECEMBER 31, 2014

For example, Navy Federal Credit Union featured several holiday messages on its hompage the day before Christmas Eve ( see screenshot ) and Huntington Bank used an eye-catching graphic to pitch its rewards card ( screenshot below ). Following is a quick overview of the promotions, including a 1- to 5-bulb rating.

Maine 23

Maine Cards Florida Capital 23

PYMNTS

SEPTEMBER 14, 2020

In 2007, Netflix introduced streaming services to further scratch that consumer itch. Not all consumers have contactless cards or feel comfortable using digital wallets to pay. Flexibility around terms and working capital now provide even more incentives for each side to get on board. At their peak in 2005 , DVDs were a $16.3

Innovation 245

Innovation Video Course Meeting 245

Jeff For Banks

JANUARY 18, 2014

and Janney Capital Markets at 2.1% Businesses are still cautious in capital spending. Several wild cards may improve growth—such as energy availability and prices, improvement in overseas economies in Europe and Asia, and our new Fed Chairman, Janet Yellen, who should follow the low rate policies. Just saying.

Philadelphia 83

Philadelphia Policies US Marketing 83

Fintech Labs Insights

MAY 25, 2017

Expensify’s solution will provide SmartScan OCR receipt scanning, next-day reimbursement, and company card reconciliation to Xero employees at all 21 of the company’s offices worldwide.

Management 19

Management San Francisco Software User Experience 19

Fintech Labs Insights

AUGUST 17, 2015

Four out of the top 100 companies are Finovate alums: Kabbage , provides working capital to small businesses online. Kabbage launched the Kabbage Card at FinovateSpring 2015. Prosper demoed at the first Finovate conference, held in 2007. Founded: 2009. Headquarters: Atlanta, GA. 3-year revenue growth: 67x. 2014 revenue: $40.2

San Francisco 12

San Francisco CA Atlanta Big Data 12

Fintech Labs Insights

JANUARY 30, 2017

Lending capital is distributed across different loan terms (up to five years) and lenders receive monthly payments from borrowers. Founded in 2007 and headquartered in San Francisco, the company was recognized as Personal Loan Provider of the Year for the fourth year in a row at the Consumer Moneyfacts Awards in January.

San Francisco 12

San Francisco Lending Millennials Capital 12

Fintech Labs Insights

MAY 21, 2015

In a round led by Baird Capital, VantagePoint Capital Partners, and Nashville, Tennessee-area investors, edo Interactive has raised $20 million in new funding. The Series E round takes the company’s total capital to more than $93 million. In addition to the funding, edo Interactive announced a new President and CEO.

San Francisco 12

San Francisco Nashville Tennessee Capital 12

Fintech Labs Insights

FEBRUARY 2, 2021

The first, Divvy, is a corporate credit card and expense management firm in the same category with Brex, Expensify, and others. Personal Capital. New in January: Newborns: Digit Insurance : The Indian insurance startup, now valued at $1.9B, was founded in 2016 and has raised $250M. Divvy : Two Utah companies became unicorns this month.

United States 15

United States Fintech Utah Software 15

Fintech Labs Insights

FEBRUARY 2, 2021

The first, Divvy, is a corporate credit card and expense management firm in the same category with Brex, Expensify, and others. Personal Capital. New in January: Newborns: Digit Insurance : The Indian insurance startup, now valued at $1.9B, was founded in 2016 and has raised $250M. Divvy : Two Utah companies became unicorns this month.

United States 15

United States Fintech Utah Lending 15

PYMNTS

APRIL 8, 2019

But he went on to hit a career 755, a feat that no one came close to matching until 2007, when Barry Bonds broke that record. Gig workers, for example, will likely soon see an upgrade to their payments speed, thanks to a bit of help from their card network friends. Visa Ups the Pace of Gig Payments.

Data 100

Data Payments Cards San Francisco 100