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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S.

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Stifel Launches Lending Unit For Startups And Their Investors

PYMNTS

has announced the launch of a venture banking and lending business to provide debt capital financing and commercial banking solutions to growth companies and their investors. Stifel offers senior secured loans up to $40 million for working capital and growth capital needs. Stifel Financial Corp.

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Sizzle Or Fizzle: Restaurants Rule, FireEye Flounders And Lending Club Is Back On The List

PYMNTS

Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. Online Lending. After a one-week hiatus, Lending Club finds its way back onto the Fizzle list.

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The community banks standing by hospitality customers

Independent Banker

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided an important backstop for Small Business Administration (SBA) 7(a) loan holders, as it required the SBA to take care of loan payments for about six months in 2020 and make partial payments in 2021. Hospitality lending is a natural fit for the State Bank of Texas.

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Banking's Top 5 Total Return to Shareholders: 2021 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. Silvergate Capital Corporation (NYSE: SI) Here we are again. Silvergate had $150 million in total revenue over the past twelve months, and has a market capitalization of $4.7 Live Oak Bancshares, Inc.

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Second Day, Second Wind On Innovation Debates

PYMNTS

With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. The movement toward financial inclusion, and toward a consumer experience that is seamless and intuitive and secure, is one that brings companies to share process and perhaps even prosperity. Connectivity and Collaboration.

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Amazon Sizzles, Plenti Fizzles And Goldman Gets Its Consumer Banking Groove

PYMNTS

It used to be that when “Goldman Sachs” was mentioned, it was in the context of the storied Wall Street investment banking firm trading and underwriting securities, advising on mergers and acquisitions, taking companies public and brokering deals. Not so much anymore. The Big Bet on Consumer Services. The Dip into Commercial Banking.

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