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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending

PYMNTS

Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S. On the upside, researchers found small businesses’ demand for loans is at its highest level since 2012. For banks, the reason often comes down to profits.

Lending 159
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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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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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Top News In Payments: Grubhub Denies Sale Rumors; PayU Acquires India FinTech PaySense

PYMNTS

percent drop in share prices, and Netherlands payments firm PayU buys a majority stake in the India FinTech PaySense. PayU Buys Majority Stake in India FinTech PaySense. 10) that it is acquiring a majority equity stake in PaySense with the intention of merging it with the Indian consumer lending business LazyPay.

Fintech 131
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Europe Business Lender iwoca Awarded £10M Stipend

PYMNTS

The funding is one of four £10m Pool C grants from the Capability and Innovation Fund (CIF), which is awarded by BCR to help businesses improve lending or payment services to SMEs across the U.K. Since its 2012 start, iwoca has loaned money to 35,000 U.K. iwoca is the only SME lender in the U.K.

Lending 101
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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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The United States Of Fintech: The Most Well-Funded Fintech Startup In Each State

CB Insights

Following our previous mapping of the most well funded startups in each state and most well funded food & beverage startups in each state , we used CB Insights database to identify the most well-funded private fintech startup in each state. FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. D3 Technology. Total Equity Funding ($M).