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TurboTax Bid For Credit Karma Triggers Antitrust Worries

PYMNTS

The Silicon Valley-based Credit Karma, which was founded in 2007, said it has in excess of 100 million users, about twice as many as Intuit. The FinTech startup offers free credit scores, credit card applications, loans and savings accounts. Credit Karma started offering a free tax filing service in 2017.

Taxes 130
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The 40 Fintech Graduates from Y Combinator (YC)

Fintech Labs Insights

Fintech (note 1) has been part of YC from the beginning. The first class (Summer 2005) included one fintech startup, TextPayMe, among the eight companies. But as YC grew from 2005 to 2009, the number of fintech companies stayed at roughly 1 per year. PayTango [link] PayTango links the cards in your wallet to your fingerprints.

Fintech 26
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2021 GonzoBanker Awards

Gonzobanker

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

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
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Consumer Lending: Should Banks Do It?

Jeff For Banks

And there are FinTechs, loan brokers, insurance companies, and investment funds chipping away at them. Mortgage bankers and brokers own a significant share of market (although less than prior to the 2007-08 financial crisis). pre-tax profit as a percent of the portfolio. Mortgage lending is getting away from us. Hard collateral.

Lending 60
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My Fantasy Banking Team

Jeff For Banks

Since his joining the Board, the bank has stabilized, returned to profitability, recaptured it's deferred tax asset, and NPAs/Assets have declined to less than 3%. Selection: Greg Garrabrants, BofI Holding, Inc, (NASDAQ: BOFI) Greg has been in charge of the Bank since 2007. Chan came as part of the recap, and rose to Chairman in 2014.

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Top 21 Online Digital Accounting Services for Small Businesses (SMB): Jan 2022

Fintech Labs Insights

We call it the FAB score, standing for Fintech Attention Barometer. Went public June 2007. TaxBit (Crypto tax specialists) FAB Score = 181. – Related: The 34 Biggest Fintech Conferences & Events in 2022. The Fintech Unicorns of the 21st Century (Dec 2021). FAB Score = 6,270 – HQ: Wellington, New Zealand.