CB Insights

DECEMBER 10, 2020

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. For example, Trumid is an online trading platform providing corporate bond market professionals with direct access to liquidity.

America 101

America Lending Cards San Francisco 101

PYMNTS

OCTOBER 14, 2016

Not one of the four alternative lending startups that secured investments this week were from the U.S. Alternative Lending. Late last week, South Africa’s LulaLend brought some rare attention to the nation’s alternative lending space. There’s talk that alternative finance is dead. Well, in the U.S.,

Lending 100

Lending US Capital Report 100

PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. Alternative Lending. This week alone saw two examples of those concerns in action: One U.S. lawmaker, Rep.

Lending 109

Lending Capital Fintech Data 109

PYMNTS

MARCH 29, 2020

Bigger lenders — JPMorgan Chase , Bank of America , Capital One and Santander — are pouring over various borrowing rules and making revisions, informed sources told the WSJ. Square and On Deck Capital are among the FinTechs planning to follow suit in the coming days.

America 198

America Capital Cards Lending 198

PYMNTS

JUNE 13, 2018

Holdaway, who has an MBA from Harvard Business School, joins Barclays after 15 years at Capital One , where he held a variety of senior leadership roles in new business initiatives, internet acquisitions and partnership finance. He will report to Barry Rodrigues, CEO of cards and payments, and Richard Haworth, CEO of the Americas business.

Capital 100

Capital Cards Delaware Payments 100

PYMNTS

SEPTEMBER 29, 2020

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In

United States 286

United States Regional America Trends 286

PYMNTS

FEBRUARY 19, 2019

As reported, iwoca , a small business lender focused on online lending (with loans up to 250,000 pounds) said it raised 150 million pounds in debt and equity financing (where the division was 20 million pounds of equity financing and with the remainder as debt), as per reports Monday (Feb. 18 th ). As Yahoo Finance U.K.

Fintech 187

Fintech Lending Capital Regional 187

PYMNTS

JUNE 7, 2019

This week’s B2B Venture Capital roundup is all about data. However, the biggest funding round of the week went to a company that is not yet in the B2B FinTech space, though it has plans to use the capital to launch a cross-border, small business (SMB) money-transfer service. Catch up on the latest investment rounds below.

Data 139

Data Capital Analytics Lending 139

PYMNTS

SEPTEMBER 25, 2020

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. “To PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S.

San Jose 261

San Jose Baltimore Nebraska Community 261

PYMNTS

APRIL 13, 2018

Blockchain Capital. Blockchain heavyweight Ripple made headlines this week when it announced a $25 million investment in Blockchain Capital, a venture capital firm focused on backing blockchain startups. The funding comes in the form of Ripple’s own cryptocurrency and will be used to fund startups selected by Blockchain Capital.

Lending 129

Lending blockchain Capital Software 129

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

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.

Study 122

Study Lending Online Survey 122

Abrigo

MARCH 24, 2021

Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Technology sets up future lending success. Capitalize on the momentum you gained during 2020. Pandemic-Induced Transformations. Learn more. . Optimize Technology.

Lending 221

Lending Technology Survey Examples 221

PYMNTS

APRIL 5, 2019

Small business lending platform OnDeck is accelerating access to capital for its users through the launch of a same-day funding option. OnDeck said the new solution not only accelerates access to capital, but can also provide greater predictability for enhanced cash flow management. on a business day. ”

Capital 109

Capital Lending America Online 109

PYMNTS

NOVEMBER 21, 2016

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. However, total investment in these startups — venture capital, in addition to angel, hedge fund and mutual fund investment and more — topped $17.8 and Europe dominated in 2015.

Strategy 100

Strategy Lending Capital America 100

PYMNTS

NOVEMBER 7, 2016

And in addition, Square Capital continues to see strength in demand for online lending, despite the negative headlines that have dominated the alternative lending space. Lower fuel prices, management noted on the call, have had a drag on business, including in North America.

Payments 161

Payments America Lending Capital 161

PYMNTS

FEBRUARY 24, 2020

China’s eCommerce titan Alibaba is capitalizing on that. The B2B buyer is rapidly evolving and becoming more sophisticated, and, in turn, expectations are shifting [toward purchasing] with their payments of choice,” Anjali Shah, director of client management for online merchants at American Express, told PYMNTS.

Payments 184

Payments Online Report America 184

PYMNTS

JULY 21, 2017

Bank of America (BoA) is expanding its mobile service for small- and medium-sized (SME) customers. “Our new small business mobile lending experience delivers a convenient, on-the-go solution to meet the needs of today’s busy entrepreneurs,” said Sharon Miller, the bank’s head of small business banking, in a statement.

Mobile 100

Mobile America Lending Meeting 100

South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

JANUARY 18, 2019

In addition, Goldman Sachs’ online lending unit, Marcus , noted in a tweet that it was there for government workers whose payroll is impacted by the government shutdown. At the same time, Wells Fargo, Citigroup, Bank of America, Capital One and SunTrust said they plan on helping affected customers who seek assistance.

America 161

America Lending Examples Capital 161

PYMNTS

NOVEMBER 22, 2019

VTEX, an eCommerce company that has helped companies like Walmart sell online, has raised $140 million in a funding round led by SoftBank’s Latin American fund, according to a report by TechCrunch. The fund has also invested in delivery company Rappi, lending outfit Creditas and tech company QuintoAndar.

Software 108

Software America Regional Tools 108

PYMNTS

NOVEMBER 12, 2019

In Latin America, Colombia is a bright spot for innovation and growth within the small business ecosystem. If entrepreneurs can’t get capital from a bank, they will look for other sources.”. For instance, such informal lending means arbitrary interest rates and repayment agreements. Blurring the Debt Lines.

Lending 102

Lending Analysis America Strategy 102

PYMNTS

JANUARY 12, 2017

According to an announcement , the firm raised $63 million from backers in a funding round led by Victory Park Capital and existing supporters. In addition to the funds, iZettle also announced its new CFO, Maria Hedengren, who joins the company from online gaming company NetEnt, according to reports.

America 100

America Lending Cards Capital 100

CB Insights

AUGUST 3, 2017

Latin America’s fintech scene is gaining momentum, with 80+ fintech deals closing for around $300M in 2016, and over 100 deals already closed in 2017. Latin America fintech companies are creating solutions aimed at rethinking banking, lending, and payments in the region. Track LatAm fintech companies. LatAm Fintech.

Company 65

Company Fintech Comparison Marketing 65

PYMNTS

OCTOBER 30, 2019

The investment also signals the spread of the open banking business model beyond markets in which it is a regulatory requirement, with Galileo planning to use the funds to expand across Latin America as well as Europe and the U.K. Open Banking Targets Corporates. Banks, FinTechs Team Up.

Lending 102

Lending Fintech America Data 102

PYMNTS

MAY 14, 2018

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. The company is also reportedly in talks with international investors about raising $50 million via an equity round that QMS Capital is handling.

Fintech 116

Fintech Marketing America Report 116

PYMNTS

NOVEMBER 15, 2016

Firms like online advertising networks are facing especially long payment terms, waiting 90 or 120 days to be paid by an ad agency, Baysal said, despite the fact that these firms need to pay their publishers. ” FastPay sees this cash management gap as an opportunity to provide working capital loans to players in the industry. .

Capital 100

Capital Lending Industry Payments 100

PYMNTS

NOVEMBER 11, 2016

But never fear: Europe and Asia pulled through with several rounds landing at alternative lending, eInvoicing and B2B eCommerce players. Alternative Lending. 10), the firm revealed nearly $11 million raised in venture capital. With a focus on seafood, China’s Gfresh offers companies a way to procure food online.

Capital 161

Capital Lending Trends Report 161

PYMNTS

APRIL 30, 2018

But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. This week’s B2B Data Digest is all about small businesses in America, their financial hurdles and their outlook for the future.

Taxes 144

Taxes America National Community 144

PYMNTS

AUGUST 21, 2018

As noted in Insurance Business America , U.S. With FinTech’s Aid, Lending Down Under. has said it will help form a new lending platform, with debt funding to be provided to Athena Home Loans. Financial Review reported that Athena aims to offer $1 billion in lending in its first year post-launch later in 2018.

Fintech 101

Fintech Lending Groups Digital Strategies 101

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

NOVEMBER 18, 2016

Asia outpaced North America in funding volume for the FinTech world, and this week’s B2B venture capital roundup seems to reflect that, with several deals from VCs in the region. But North America surprisingly came out on top — blowing the competition out of the water with three deals valuing nearly $70 million.

Fintech 100

Fintech US Capital Community 100

PYMNTS

JUNE 17, 2019

The proposal was met with early backing from the banking, FinTech and alternative lending community. American Bankers Association President and CEO Rob Nichols applauded the idea in 2016, telling reporters that it would be a way to provide federal oversight of online lenders.

Google 142

Google National Fintech Regulation 142

Gonzobanker

DECEMBER 14, 2023

For decades many thought it would never happen but now America’s Credit Unions is becoming a reality. Anyone who follows the industry knows this focused institution led by Findlay is all about executing the timeless principles of capital management, credit quality, efficiency and customer service. He passed away in January 2023.

Fintech 195

Fintech Community Regional Technology 195

PYMNTS

MAY 27, 2016

SME Lending. The B2B venture capital roundup this week is flush with startups providing services to other corporates that, in one way or another, impact the business’ bottom line. Expensya provides expense management and accounting solutions for corporates to manage their online, mobile and cloud-based data. ” BigID.

Capital 100

Capital Management Taxes Security 100

Fintech Labs Insights

APRIL 12, 2024

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 was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.

Innovation 15

Innovation Fintech Online Mobile 15

CB Insights

MARCH 20, 2019

China Development Bank Capital, Coatue Management, Hillhouse Capital Management, IDG Capital, Temasek Holdings, Tencent Holdings, Tiger Global Management. Select Investors : Credit Suisse, Deutsche Bank, DST Global, GGV Capital, Goldman Sachs, IDG Capital, J.P. Salesforce Ventures, Sequoia Capital, Y Combinator.

Company 70

Company San Francisco Capital Software 70