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SMB Alt-Lending Gears Up For Another Industry Shakeup

PYMNTS

and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. But that’s not to say that these FinTechs have a certain path ahead. The More Things Change.

Lending 171
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The 2022 GonzoBanker Awards

Gonzobanker

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. 2008 called and wants its headlines back. Acquisition of the Year: Bank Acquiring a Fintech. Oh, what a mere 12 months can do.

Community 216
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Credit UX: Starter Loans from Self Lender

Fintech Labs Insights

Since the financial crisis in 2008, it’s been much harder for U.S. Bank partners originating the accounts and holding deposit are Lead Bank, Sunrise Banks and Atlantic Capital Bank. Initially, Self Lender’s initial banking partner (June 2015 press release ) was Austin Capital Bank. youth to obtain a credit card.

UX 12
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Fintech’s Third Crisis is Tipping Point to a Digital-Only Future

Fintech Labs Insights

In my 25 years in the fintech space, I’ve had the misfortune to experience three massive ecosystem shocks. To help gauge where fintech is now and how and when it will get back on its feet, let’s compare and contrast the three downturns and their recoveries. Financial crisis (2007-2008). Financial crisis. Coronavirus crisis.

Fintech 15