PYMNTS

JANUARY 7, 2021

Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 Noto will continue in his role as CEO which he has held for three years since arriving from Twitter in 2018, where he was COO, and prior to that the NFL, where he served as CFO. The FinTech IPO Market.

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Capital Los Angeles Boston Lending 150

PYMNTS

JUNE 7, 2019

Europe’s Financial Stability Board said Friday (June 7) that higher bank capital requirements put on the books during the financial crisis will remain. When the banks were required to increase their capital back in 2010 they argued it would hurt their ability to keep up their lending pace. In January the U.K.

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Capital Lending Regulation Meeting 100

PYMNTS

FEBRUARY 28, 2020

With more than $1 billion raised — and more to come — this week became the most lucrative for B2B FinTech venture capital funding. said the company saw BHL Holdings lead the second Series A funding round, while Nire Capital and existing backers Concentric, Seedcamp and Beazley also participated. Reports in Verdict.co.uk

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Fintech Capital Lending Report 175

PYMNTS

JULY 10, 2018

Coming up on the half mark in 2018, total fundraising on the continent has hit $168.6 The two biggest players in the FinTech startup have been Cellulant — a digital payments operation currently up and online in 11 African countries — and the online micro-lending startup Branch. So why the boom? Cellulant raised $47.5

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Lending ATM Online Course 100

PYMNTS

JULY 12, 2018

and Tata Capital has rolled out a new lending platform in India. At first, the company will be referred to as ‘TransUnion, formerly Callcredit’ and will then be known as just TransUnion later in 2018. In other news, India’s Tata Capital has rolled out an online working capital platform for its customers, the company said.

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Capital US Fintech America 100

Bank Innovation

MARCH 11, 2019

Fintech funding is significantly on the rise. CB Insights' 2018 Q4 report showed a $21 billion, or 120% total increase in fintech funding from 2017 to 2018. And already this year, there have been several notable funding rounds.

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Fintech Report Capital cryptocurrency 199

PYMNTS

JANUARY 23, 2020

Venture capital firm Canapi Ventures announced $545 million in funding that will serve as its inaugural venture capital funds, gleaned from a sizable investor base. Ludwig added that he wanted to align the interests of both banks and the companies to which they’ll be lending, in a beneficial partnership for all involved.

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Fintech Capital Software Industry 130

CB Insights

SEPTEMBER 1, 2020

CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. The 2020 Fintech 250 cohort has raised approximately $49.2B 25+ winners will be presenting at our upcoming fully virtual Future of Fintech Conference (Nov.

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PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services, according to a recent Federal Reserve report.

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PYMNTS

MARCH 2, 2018

Toward the start of 2018, analysts began to highlight the potential for venture capital (VC) to embrace the B2B business model. In addition, we saw more and more B2B FinTech models proving out at the banks, coupled with larger and later-stage investments as the FinTech world scales up.”. Alternative Lending.

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Fintech Capital blockchain Lending 118

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. The rise of FinTech offers a bit of a prism through which to view those events. As for lending to businesses, banks have still been a bit hesitant to lend to smaller firms.

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Lending Innovation Fintech Cards 148

PYMNTS

FEBRUARY 26, 2020

The London-based FinTech B-Social raised £7.8 The only investor revealed was Rudy Karsan from Karlani Capital; the others are undisclosed. We recognize that almost all financial transactions are inherently social,” B-Social co-founder and chief executive officer (CEO) and founder Nazim Valimahomed told reporters in 2018. “We

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Fintech Digital Banking Lending Meeting 130

PYMNTS

MARCH 20, 2018

FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers in Australia, a new report by Scottish Pacific found. FinTech offers include creating seamless online loan applications and software that analyzes financial data to deliver the best possible deal.

Fintech 118

Fintech Lending Survey Innovation 118

PYMNTS

APRIL 29, 2019

” Additional research examined the state of small business finance for Q1, revealing a healthy level of competition between traditional lenders and FinTechs like PayPal vying to capture more of the small business borrowing segment. middle-market in the recently released Golub Capital Altman Index. 4 spots, respectively).

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Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? Source: DeBanked ) Square Capital lent about $1.6

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Lending Community Bank Community Data 136

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. SoFi/Galileo: This $1.2

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Fintech FDIC Capital Community Bank 109

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Marketplace lending. Blockchain. Blockchain.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

AUGUST 14, 2018

FinTechs are going after another financial market void, this time providing loans to customers with low credit scores. For FinTechs, making loans to subprime borrowers can be a lucrative business. That is up from 7 million mailed out in the same time frame a year ago.

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Fintech Cards Capital Marketing 111

PYMNTS

JANUARY 22, 2020

Liberis , a London-based FinTech that lends to small- to medium-sized businesses (SMBs) for future credit and debit card sales, has raised £32 million (more than $42 million), according to City A.M. The round was led by investment firm FTV Capital. The FinTech has offices in Denver, London and Stockholm.

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Denver Capital Fintech Lending 131

PYMNTS

JUNE 12, 2018

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. They all had a pretty tough time and took losses a lot more than expected,” said Henry Song, a portfolio manager at Diamond Hill Capital Management Inc. The Coming Risk Assessment Reset.

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Lending Security Philadelphia Dallas 116

PYMNTS

DECEMBER 28, 2018

One of the biggest shifts in banking that FinTech newcomers ushered into the market is the demand among customers for advisory services. What some financial institutions have come to realize is that collaborating with FinTechs can enable them to offer cutting-edge solutions while reserving resources to invest in meeting those advisory needs.

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Fintech Customer Experience Tools Technology 177

PYMNTS

OCTOBER 2, 2018

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.

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Lending Alabama Online System 134

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Phone number.

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Fintech US Lending Cards 80

PYMNTS

AUGUST 21, 2018

Increasingly, digital strategy is in the purview of banks and non-bank lenders, who in turn are seeking pairings with FinTechs. The insurance FinTech, said the site, will seek to offer insurance contracts that are binding in real time, whereas traditionally insurance companies have finished the process. The FinTech is Finserve Africa.

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Fintech Lending Groups Digital Strategies 101

PYMNTS

AUGUST 25, 2019

Chinese social eCommerce platform Wanwu Xinxuan has raised $20 million in a Series B round of financing led by Fresh Capital, with participation from Redpoint China Ventures, according to Deal Street Asia. Launched in August 2018, Wanwu Xinxuan is an online retail platform selling children’s apparel, shoes and accessories.

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Data Fintech Lending Regional 109

CB Insights

APRIL 16, 2019

As of 2018, only 47% of adults in the region had a bank account, while only a third of Southeast Asian SMEs had access to loans or lines of credit. READ THE 2019 FINTECH TRENDS REPORT. Southeast Asia’s nascent fintech sector is seeing increasing growth. See the data behind this trend and more in our Fintech Trends Report.

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Fintech Regional Trends Lending 73

PYMNTS

APRIL 18, 2018

Australia’s adoption of alternative finance and FinTech is outpacing that of the U.S., according to OnDeck Capital Chief Executive Noah Breslow. Breslow said OnDeck’s own estimates of its performance in Australia suggest the company “could see around $700 million of annual volume just here in Australia” in 2018.

Fintech 108

Fintech US Lending Industry 108

PYMNTS

DECEMBER 8, 2019

B-North wants to disrupt the £154 billion UK business lending market. The majority of SME lending is via the big High Street banks and our experience shows they often use outdated ‘legacy’ systems, rigid lending policies, and faceless, centralized processing centers. percent in equity at a £14,247,942 ($18.7 million ($1.97

Lending 131

Lending Regional Policies Operations 131

PYMNTS

SEPTEMBER 1, 2017

Don’t let the lack of news about mega-grossing venture capital (VC) rounds fool you. This week’s B2B venture capital activity led to an impressive $141.2 and Asia, and PYMNTS lined up all the B2B FinTechs that recently scored fresh funding. VC activity was especially high across the U.S. TravelBank. B2B eCommerce.

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Fintech Capital Groups Analytics 135

PYMNTS

JULY 31, 2018

BlueVine, the FinTech startup that recently announced a $60 million round of financing, has added $12 million to its Series E round of funding from M12, Microsoft’s venture capital fund. Founded in 2013, BlueVine is one of the leading FinTech players in online small business lending.

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Lending Capital Fintech Online 100

CB Insights

NOVEMBER 21, 2019

Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18.

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Fintech Marketing US Technology 93

Bank Innovation

MARCH 1, 2019

Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor. This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac.

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Fintech Financial Technology Technology Operations 170

PYMNTS

APRIL 28, 2020

Hong Kong-based FinTech Oriente has raised $50 million in its ongoing Series B round, according to finews.asia. In 2018, Oriente raised $105 million in a funding round, then one of the largest numbers for a startup in Asia. Its sales volume increased 20 percent for merchant partners last year.

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Big Data Lending Maine Groups 182

PYMNTS

APRIL 22, 2019

Might banks be making inroads into the hearts and minds of smaller firms as they seek out capital – as some SMBs cite at least some dissatisfaction with non-banking lending conduits? Drilling down a bit further, about one third sought financing from online lenders in 2018, up from 24 percent in 2017.

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Study Lending Online Survey 122

PYMNTS

AUGUST 12, 2016

That’s the opinion of the Competition and Markets Authority (CMA), which earlier this week said technology would be one of the underpinnings of getting lending to increase to SMEs, a group that would naturally benefit from improved access to capital. In the U.K., The fees are high and paid out for less-than-stellar service.

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Lending Comparison Industry Innovation 100

PYMNTS

OCTOBER 6, 2017

The small business loan market is oversaturated, she argued, creating a “FinTech credit bubble” that first showed signs of deflating as investors pulled out of some players like CAN Capital and LendingClub in 2016. Indeed, the remainder of 2017 and 2018 will see more partnerships between the banks and FinTechs.”.

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Lending Capital Marketing Report 152

PYMNTS

AUGUST 14, 2019

This challenge has led to an influx of challenger banks and FinTechs specifically targeting startups, solopreneurs and small- and medium-sized businesses. There is a “blurring in the line between lending to small business and personal credit,” she added.

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Lending Cards FDIC Capital 122