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Why One Startup Is Desperately Seeking Regulation

PYMNTS

Uber had many wonderful years of asking for forgiveness instead of permission and managed to build a worldwide ridesharing empire on the strength of that conviction. Officials at the Office of the Comptroller of the Currency (OCC), the national bank regulator, told the Boston startup they would weigh its request.

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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. Congrats to Randy and a great management team. We salute a legend of lending and credit union leadership. GonzoBanker of the Year – Credit Union.

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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. Nine years from now, we might be talking about how our self-driving cars also manage all our financial services. We always want to underwrite the ability to pay.

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

Fintech Labs Insights

HQ: Boston, Massachusetts. Lendful Financial. Bitcoin mining hardware. Consumer receipt manager. Consumer lending software for financial institutions. Tags: Bitcoin, crypto-currency, hardware, blockchain. Total raised: $319.7 million ($44.7 million Equity, $275 million Debt). HQ: New York City. Direct Match.

Company 12
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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: 15 Companies Raise $125 Million Week Ending May 1

Fintech Labs Insights

HQ: Boston, Massachusetts. Household bill management solution. Tags: Peer-to-peer, P2P, lending, investing. There were two jumbo rounds: $50 million to cryptocurrency startup Circle and $30 million to multiple Finovate Best of Show winner MX (formerly Money Desktop). Digital currency provider. Total raised: $76 million.

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Expense management solutions for small businesses. 401(k) management. HQ: Boston, Massecheusetts. Bitcoin compliance solutions. Using the blockchain for managing records. Card rewards management. Tags: Bitcoin, blockchain, cryptocurrency. Latest round: $135 million at $1 billion valuation.