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Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion

PYMNTS

Singapore-based FinTech Grab is mulling a U.S. Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures.

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The Russian Connection (To Alt Lending Globally)

PYMNTS

ID Finance Co-Founders Boris Batine and Alexander Dunaev were far from newcomers to the world of finance when they started up their business in 2012. And so, in 2012, with only a few hundred thousand of their own dollars to get up and running, ID Finance launched in one of those underserved markets — their home market of Russia.

Lending 105
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Can Data Driven Lending Displace VC Funding For Some Firms?

PYMNTS

But even more notably, 84 percent fail due to poor cash flow management that kicks off the series of events leading to their doors closing. Managing cash flow can be tricky work when one is new to the market or looking to expand because cash is in short supply. The first is focus. CircleUp is retail- and CPG-focused.

Lending 132
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Avant Brings SaaS Lending Tech To Banks

PYMNTS

Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced underwriting process at the problem of creating accessible, affordable personal loans for consumers. This is the bank’s product backed up by our brand.

Lending 134
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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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SoftBank Leads Funding For Brazilian Lender Creditas

PYMNTS

Japanese company SoftBank is leading a $231 million funding round for a Brazilian lending startup called Creditas, in a bid to shake up competition in the traditional financial market, according to a report by Reuters. . Creditas was started in 2012 by Sergio Furio, a Spanish former consultant and now the company’s chief executive.

Lending 108
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Reports of Small Business Lending’s Death are Greatly Exaggerated

Celent Banking

In the US, small business customers get bounced around like Goldilocks—they are too small to be of interest to commercial relationship managers and too complex to be easily understood by retail branch staff. The lack of “just right” solutions for many small business financial problems has been a golden opportunity for FinTech firms.

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