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Lending FinTech GreenSky Files For IPO

PYMNTS

Lending FinTech GreenSky has confidentially filed paperwork for an initial public offering (IPO). The Wall Street Journal reported that the Atlanta-based company, which enables retailers, health-care providers and home contractors to offer loans to their customers, could go public as soon as this summer.

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Today In Payments: ECB Outlines Use Cases For Digital Euro; Goldman To Pay $2.5B For GM’s Credit Card Business

PYMNTS

The purchase furthers Goldman's push into Main Street lending and gives Goldman access to over one million cardholders, who account for roughly $8.5 As shoppers continue to move to digital channels, merchants’ chief financial officers and treasurers won’t only be tasked with ensuring consumers’ online payment demands are met.

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How Automated Authentication Helps Propel SMB Loan Disbursements

PYMNTS

The small- to medium-sized business (SMB) lending industry is in a unique position during the pandemic. The challenges that led FinTechs to enter this space after the 2008 financial crisis still persist, however, motivating SMBs to demand their loans from these entities be quick and digital. Of the 32 million SMBs in the U.S.,

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Kabbage Gets $200 Million from Credit Suisse

Bank Innovation

The funds will used by the Atlanta-based Kabbage to scale and expand its lines of credit with longer terms to its existing customer base, as well as some of the larger small businesses. Small business lender Kabbage received $200 million in revolving credit from Swiss financial institution, Credit Suisse.

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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

Consumers have been banking online for 28 years. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 161 $323 21 Branch 357 2015 Minneapolis 222,000 $633 22 Albert 315 2015 LA 1,270,000 $176 23 Current 307 2015 NYC 856,000 $402 24 Greenlight 302 2014 Atlanta 458,000 3.8

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115 Fintech Unicorns of the 21st Century: Changes to the List (October 2020)

Fintech Labs Insights

At FintechLIVE , we maintain a list of 21st century fintech unicorns* and update it at least monthly. Related: FinMkt takes home the top prize at Money2020’s MoneyFest (Fintech Startup of the Week). Fintech Debuts: Watch Treasure and Arrived Homes Pitch at Techstars Atlanta (Oct 2020). valuation on its $114M round.

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5 Reasons Why GreenSky Is Worth $4.3B At IPO

CB Insights

GreenSky is a digital lending platform that partners with home contractors, specialty retailers, and healthcare professionals to offer consumers point-of-sale financing. In 2017, the Atlanta-based fintech unicorn did $326M in total revenue. Home Depot is a prominent partner of the digital lending platform.

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