Remove California Remove Digital Banking Remove Fintech Remove Lending
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FinTech Faces Hurdles Making SBA Loans

PYMNTS

three California technology companies, all wanted a piece of the federal government’s $350 billion loan program, which was designed to keep businesses in the black during the COVID-19 pandemic. . FinTech companies have dramatically expanded the reach of traditional lenders, the paper wrote. PayPal Holdings Inc., Square Inc.

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In reversal, California gives license to point-of-sale lender

Payments Source

The fintech Sezzle has finally received its point-of-sale lending license in California after agreeing to refund consumers in the state and pay a penalty for previously making illegal loans there, the California Department of Business Oversight said Thursday.

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M&A Emerges As Key Strategy To Drive SMB Finserv Collaboration

PYMNTS

In an environment in which connecting small- to medium-sized businesses (SMBs) to vital financial services and products is more imperative than ever, the world of SMB banking and FinTech is fostering an ecosystem of collaboration to expand availability. Orange Bank Acquires Anytime. Lloyds Pilots Satago Technology.

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Africa FinTech Leads This Week’s B2B Investments, Breaks Record

PYMNTS

million in the largest investment round ever for a FinTech that operates exclusively in the continent. Small Business Banking. According to reports, Cellulant’s funding is the largest for an Africa-only FinTech. Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below.

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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. Paul Murphy, founder of Murphy & Co.

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The BaaS Gold Rush is On

Gonzobanker

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. Fintechs in need of charters are prompting new banks to enter BaaS seeking a “white whale.”

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In reversal, California gives license to point-of-sale lender

American Banker

The fintech Sezzle received its license after agreeing to refund customers and pay a fine for previously making loans that state regulators had deemed illegal.