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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’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

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Where SMEs Turn When Bank Loans Fall Out Of The Picture

PYMNTS

percent in 2009, it still is significantly higher than levels seen in 2000 (10.5 percent of SMEs surveyed said they had used financing tools like crowdfunding to finance their business (though it is unclear whether the research includes marketplace lending sites and alternative finance players under the term “crowdfunding”).

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The 27 Fintech startups from YC’s Summer 2020 batch

Fintech Labs Insights

27 of the total were fintech companies, a fairly typical 14% of the YC batch. Though back when YC was just starting, only a handful were fintech. 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+). Year Fintech.

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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

Venture investors saw consumer banking as ripe for disruption in the aftermath of the 2007-2009 financial crisis. 532 $21 31 Greenwood 83 2020 Atlanta 176,000 $88 32 Happy Money 78 2009 LA 192,000 $192 33 Yotta 71 2019 NYC 152,000 4.7 Let’s start with our definition. 8,860 $2,300 6 Upgrade 1426 2016 SF 3,013,000 4.5

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Fintech Startup of the Week: Challenger Jiko Buys a $100M U.S. Bank

Fintech Labs Insights

At one time or another, every consumer fintech company wonders if they should buy a bank. But most fintech startups want to buy a ticket to the financial rails, not a large customer base. And going back a bit further, I’d put Suresh Ramamurthi and Suchitra Padmanabhan’s 2009 acquisition of $3.5M CBW Bank in a similar category.

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SMB Lenders: Kabbage Continues to Cook Under American Express Ownership

Fintech Labs Insights

Founded in 2009, Kabbage was one of the first digital alt-lenders catering to small and medium businesses. While they were always disappointed not to win Best of Show, lending is a category that rarely excites an audience of well-do-do technologists. Credit card processsing. SMB Corporate Charge Cards: Ramp is Headed Up.

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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. You are almost guaranteed a multi-million funding. During the past 4.5

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