Gonzobanker

AUGUST 11, 2020

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. They primarily support – don’t compete with – federally insured bank lending. or 26X revenue but quickly doubled in the market.

Lending 158

Lending Fintech Analytics UX 158

Gonzobanker

DECEMBER 19, 2022

2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to Allison Netzer and Liz High for their provocative tome, Think Like a Brand, Not a Bank.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. The Tech Award – Goes to Capital One. Best of luck in the next chapter, Chris!

Idaho 148

Idaho Conference Data Marketing 148

Tefkin

MARCH 12, 2014

In the last years, most of the focus on innovation in financial services has been, it seems, on banking (investing and lending) and payment. In an insurance world, there is a conflict between the requirements of the underwriting algorithm for being able to price the premium and the optimal UX for users to be able to obtain a product.

Comparison 34

Comparison Lending Examples Data 34

CB Insights

OCTOBER 10, 2017

An explosion of new consumer finance brands is transforming how people save, spend, and manage their money. A host of startups have emerged to capitalize on this trend. A host of startups have emerged to capitalize on this trend. In aggregate, they command $1.3 trillion in annual spending. The secrets of user growth.

Tools 78

Tools Millennials US Maine 78