Fintech Labs Insights

AUGUST 26, 2020

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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PYMNTS

OCTOBER 13, 2016

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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Fintech Labs Insights

APRIL 27, 2016

This week, small business lender Mayava Capital honored the most influential people in small business lending in its Marketplace Lending Power 20 awards. The recipients in order of rank: Lending Club CEO & Founder, Renaud Laplanche. FinovateSpring 2009 demo. Prosper’s FinovateSpring 2009 demo.

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Fintech Labs Insights

NOVEMBER 10, 2023

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 Consumers (Nov 2023) first appeared on Fintech Labs SMB Center.

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Fintech Labs Insights

DECEMBER 7, 2020

At FintechLIVE , we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). Full Fintech Unicorn list (values as of 2 Dec 2020). Related: The Best Fintech Conferences this Week (7 Dec 2020). Related: The Best Fintech Conferences this Week (7 Dec 2020). Unicorn count: Beginning = 118. +

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Fintech Labs Insights

FEBRUARY 2, 2021

At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). It is the 7th fintech unicorn based in India, and the 4th most valuable. It’s currently tied for 96th most valuable across all fintech, and 36th most valuable payments company. Full Fintech Unicorn List. 2-feb-2021.

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Fintech Labs Insights

OCTOBER 25, 2016

P2P lending giant Lending Club has been offering car buyers an alternative borrowing experience since it launched ten years ago. Lending Club’s new Auto Refinancing product offers a solution that gives qualified borrowers a more affordable monthly payment and interest rate. Instead, the company itself will buy the debt.

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Fintech Labs Insights

FEBRUARY 2, 2021

At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). It is the 7th fintech unicorn based in India, and the 4th most valuable. It’s currently tied for 96th most valuable across all fintech, and 36th most valuable payments company. Full Fintech Unicorn List. 2-feb-2021.

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Fintech Labs Insights

AUGUST 12, 2014

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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Fintech Labs Insights

NOVEMBER 8, 2021

SmartBiz Loans, originally founded in 2009 as BillFloat by Ryan Gilbert and Sean O’Malley. the so-called payday lending space). Founded: 2009 (originally as BillFloat). I first met Ryan in 2010 when BillFloat debuted at FinovateFall 2010 and then again in 2011 at FinovateSpring ( see demo video above ). Company Vitals.

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Fintech Labs Insights

OCTOBER 27, 2021

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. . Related: The 238 Fintech Unicorns of the 21st Century (Sep 2021).

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Fintech Labs Insights

APRIL 15, 2016

Last night in Amsterdam the 2016 European Fintech Awards celebrated innovators shaping the future of finance. Four of the winners are Finovate and FinDEVr alums, including BehavioSec, who won the overall award of Best European Fintech Company of 2016: BehavioSec. Founded: 2009. Cloud Lending Solutions. Founded: 2003.

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Fintech Labs Insights

FEBRUARY 27, 2017

P2P lending giant Prosper announced a deal in which a group of institutional investors has agreed to purchase up to $5 billion in loans on the San Francisco-based company’s platform over the next 24 months. Founded in 2005, Prosper presented at FinovateSpring 2009 as well as the inaugural Finovate in 2007.

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Fintech Labs Insights

JULY 27, 2015

A small business lending innovator, Kabbage uses data generated by business activity – rather than relying exclusively on credit scores – to provide small businesses with a range of financing options. Kabbage was founded in 2009, and is headquartered in Atlanta, Georgia. The post The Next FinTech Unicorn?

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Jeff For Banks

SEPTEMBER 13, 2015

He joined COB's board in 2009 after its $310 million recapitalization which was needed from a disastrous slew of losses incurred starting in 2008 as a result of awful credit decisions, leading to a 21% NPA/Asset ratio peak in 2010. Security Bank in Midland, Texas lends to business, period. Their loan portfolio is 47% C&I loans.

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PYMNTS

JANUARY 11, 2017

This time around, the B2B sector led FinTech as the area where the most funds flowed, with about $456 million. But by 2009,” said Alex Terry, CEO of Conversica, “we realized that a lack of thorough follow-up on leads presented a much larger opportunity than the original lead-generation business.”.

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Fintech Labs Insights

NOVEMBER 19, 2021

Whereas, 3 of the 6 largest were founded in 2007, 2008, and 2009. We are calling it the FAB score, standing for Fintech Attention Barometer. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. Founded: 2009 (originally as BillFloat). Digital Lenders: Year Founded. SmartBiz Loans.

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Fintech Labs Insights

MAY 12, 2021

Whereas, 3 of the 5 largest were founded in 2007, 2008, and 2009. We are calling it the FAB score, standing for Fintech Attention Barometer. Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. Founded: 2009. The 171 Fintech Unicorns of the 21st Century (April 2021 update).

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Fintech Labs Insights

MAY 25, 2016

Peer-to-peer lending platforms serve two masters. According to the Wall Street Journal , Prosper had to slow its lending volume by 12% earlier this year due to lack of lender funds. ” It has been a rough quarter for the marketplace lending industry and for Prosper in particular.

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Fintech Labs Insights

NOVEMBER 19, 2021

Whereas, 3 of the 6 largest were founded in 2007, 2008, and 2009. We are calling it the FAB score, standing for Fintech Attention Barometer. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. Founded: 2009 (originally as BillFloat). Digital Lenders: Year Founded. SmartBiz Loans.

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Fintech Labs Insights

NOVEMBER 19, 2021

Whereas, 3 of the 6 largest were founded in 2007, 2008, and 2009. We are calling it the FAB score, standing for Fintech Attention Barometer. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. Founded: 2009 (originally as BillFloat). Digital Lenders: Year Founded. SmartBiz Loans.

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Fintech Labs Insights

AUGUST 17, 2015

Founded: 2009. Prosper , online P2P lending platform. Having four alums among the 100 fastest-growing companies is a testament to fintech’s recent growth spurt. Last year only two, Lending Club (ranked 248) and OnDeck (ranked 726), made the top 1,000. Headquarters: Atlanta, GA. 3-year revenue growth: 67x.

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Fintech Labs Insights

JULY 25, 2016

Officially named KBW Nasdaq Financial Technology Index (KFTX) , the fund tracks 49 fintech companies, including 17 Finovate and FinDEVr alums. FinovateSpring 2009 demo. The post A Look at the First Week of Nasdaq’s Fintech Index appeared first on Finovate. FinovateSpring 2013 demo. IHS Markit (INFO). LendingClub (LC).

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CB Insights

FEBRUARY 13, 2020

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Business lending and corporate cards. Most recently, Stripe has launched a Corporate Card and a Lending product geared towards small businesses.

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Fintech Labs Insights

MARCH 3, 2016

Peer-to-peer lending platform Prosper announced it has selected David Kimball to take the seat of Macy Lee, who served as the company’s CFO from April 2014 until July of 2015. Prosper presented at FinovateSpring 2009 as well as the inaugural Finovate in 2007.

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Fintech Labs Insights

MAY 24, 2016

Small business funding platform Kabbage was founded in 2009 with a mission to use big data to help underwrite small business loans. Earlier this month, Kabbage partnered with alt-lenders OnDeck and CAN Capital to launch the Innovative Lending Platform Association and Smart Box.

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Fintech Labs Insights

APRIL 19, 2017

Today, the company launched a securities-based lending option– a line of credit that allows its users borrow against their own savings accounts. The company debuted at FinovateSpring 2009. Robo advisor pioneer Wealthfront must know that opposites attract: in this case, it’s saving and investing.

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Fintech Labs Insights

JUNE 22, 2016

Small business lending platform Kabbage added a big name to its list of bank partners today. The partnership licenses Kabbage’s lending technology to Scotiabank, which will co-brand loans offered to small business customers in Mexico and Canada. Founded in 2009, Kabbage maintains similar partnerships with ING and Santander.

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Fintech Labs Insights

AUGUST 5, 2016

P2P lending platform Prosper is in talks with a group of investment firms to sell around $5 billion worth of loans over the course of the next two years. Aside from the aforementioned layoffs and a 12% drop in lending volume in the first quarter of this year, Prosper has issued relatively positive news over the course of the past 6 months.

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Fintech Labs Insights

JULY 28, 2016

Munich-based Fidor Bank was founded in 2009, and has 350,000 members and 120,000 customers in Germany and the U.K. ” Earlier this month in Wired magazine, Fidor was profiled as “the fintech bank run by its customers.” .” Kröner, whose bank expanded to the U.K.

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Fintech Labs Insights

JUNE 22, 2016

Peer-to-peer (P2P) lending platform Prosper launched a revamped user experience for its retail investors today. Prosper presented at FinovateSpring 2009 as well as the inaugural Finovate in 2007. Portfolio customization: users select a predefined, target investment mix or create their own custom mix.

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Fintech Labs Insights

MAY 4, 2015

Home-Account ( Fall 2009 ) which was acquired by Bills.com in 2010. Lending Tree : Mortgage rate tracking tools & lead gen. And there is also some early stage startups forming with stated missions to improve various parts of the mortgage experience, including: Ethos Lending : Raised $8.2 Tactile Finance ( Spring 2014 ).

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Fintech Labs Insights

AUGUST 21, 2014

Small business debt crowdfunding __ While commercial lending in the United States is up this year, the small business segment is still vastly underserved. Relationship mortgages __ In late 2009, I refinanced my home through what was then ING Direct. I know from experience. So banks and credit unions, time is a wasting.

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Fintech Labs Insights

JANUARY 21, 2022

At FintechLab s we maintain a list of 21st-century fintech unicorns* updated constantly ( current list here ). Full Fintech Unicorn List. In December, we added 7 new unicorns for a month-end total of 273. Their total market value is now $2.1 trillion, down $110B from last month. Unicorn count: Beginning (Dec 1) = 266. trillion. .

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Fintech Labs Insights

NOVEMBER 22, 2021

At FintechLabs we maintain a list of 21st-century fintech unicorns* updated constantly ( current list here ). Full Fintech Unicorn List. In October, we added 22 new unicorns for a total of 260. Their total market value is now $2.23 trillion, just $20B more than last month (essentially flat). Unicorn count: Beginning (Oct 1) = 238. +

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Fintech Labs Insights

NOVEMBER 22, 2021

At FintechLabs we maintain a list of 21st-century fintech unicorns* updated constantly ( current list here ). Full Fintech Unicorn List. In October, we added 22 new unicorns for a total of 260. Their total market value is now $2.23 trillion, just $20B more than last month (essentially flat). Unicorn count: Beginning (Oct 1) = 238. +

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Fintech Labs Insights

OCTOBER 19, 2021

At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). Full Fintech Unicorn List. In August, we added 17 new unicorns for a total of 238. Their total market value is now $2.21 trillion, up $100B from last month. Unicorn count: Beginning (Sep 1) = 224. + Total (Sep 30) = 238.

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