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AltFin Shines As Investor Interest In B2B FinTech Continues

PYMNTS

Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 Alternative Lending. alternative small business lending firm, that secured $900 million in 2017, while other alternative finance players, like LendingPoint and SoFi , landed significant investment rounds.

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Community banks are thriving in Texas

Independent Banker

The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. The state is growing an impressive technology roster, for example. Consumer mortgage and installment lending are in the mix as well.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. It’s easy to lend money. According to the Federal Reserve , U.S.

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My Fantasy Banking Team

Jeff For Banks

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. Yeah, Chan can own my team.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The old borrow short, lend long strategy. When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. To fight inflation, the Fed raised rates aggressively (familiar?). Let those numbers sink in a bit.

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

CB Insights

Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. ‘PayFac’ technology simplifies underwriting and onboarding. Business lending and corporate cards. TABLE OF CONTENTS. Focus on developers.

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The 40 Fintech Graduates from Y Combinator (YC)

Fintech Labs Insights

By most measures, Y Combinator (YC) is far and away the most important incubator in the technology space. Suddenly in 2010, the fintech number grew dramatically, average of more than 7 per year. Indinero [link] Accounting, taxes & payroll. You are almost guaranteed a multi-million funding. During the past 4.5 One solution.

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