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Why One Startup Is Desperately Seeking Regulation

PYMNTS

Officials at the Office of the Comptroller of the Currency (OCC), the national bank regulator, told the Boston startup they would weigh its request. “We need to be open to discussing it and working through it,” said Comptroller of the Currency Thomas Curry, referring generally to bank charters for FinTech companies.

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2021 GonzoBanker Awards

Gonzobanker

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.

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Happy Birthday To PYMNTS

PYMNTS

The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). If this person can’t afford this, we won’t lend. Don’t worry if you didn’t remember to get us a present – we didn’t want to make too big a deal out of it, so we didn’t remind you. James McEveley , co-founder, Square.

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Fintech Fundings: 24 Companies Raise $560 Million Week Ending Jan 8

Fintech Labs Insights

In addition to LoanNow, Finovate alums attracting new capital included: Gem , which pulled in $7.1 HQ: Boston, Massachusetts. Lendful Financial. Bitcoin mining hardware. Tags: Bitcoin, crypto-currency, hardware, blockchain. And the number of deals was up 40% (24 compared to 17). Total raised: $319.7 million ($44.7

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Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

Fintech Labs Insights

Three Finovate alums raised capital and one of the first FinovateSpring presenters, TradeKing , was acquired by Ally Financial for $275 million. P2P lending platform. Scalable Capital. HQ: Boston, Massechuesetts. Tags: SMB, lending, P2P, crowdfunding, credit, commercial loans, underwriting. Source: Crunchbase.

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Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. Automated lending solutions for financial institutions. Automated lending solutions for financial institutions.

Company 12
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Fintech Fundings: 32 Companies Raise $210 Million Second Week of July

Fintech Labs Insights

HQ: Boston, Massachusetts. Bitcoin-based mPOS technology. Bitcoin exchange. Tags: Institutions, SMB, payments, cyrpto-currency, bitcoin. Platform for investing in early-stage startups. Latest round: $14.4 million Debt. Total raised previously: Unknown. HQ: New York City. Source: Crunchbase. OK Car Insurance. CirraGroup.

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