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B2B FinTechs Start 2020 Strong With More Than $1B In VC Funding

PYMNTS

While businesses have more sources of capital than ever before, from bank loans to initial coin offerings to alternative online investments, experts are urging small to medium-sized businesses (SMBs) to take a strategic approach to their fundraising efforts — often by combining a variety of funding sources to mitigate risk. Flutterwave.

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B2B eCommerce Tips The VC Scales

PYMNTS

million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. DiviPay offers a virtual card generation tool that enables businesses and their managers to oversee employee spend, set controls and analyze expense behavior. Australia’s ANZ Bank led a $1.56

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How Automated Authentication Helps Propel SMB Loan Disbursements

PYMNTS

Interest in the space has been revitalized due to the harsh financial blows the pandemic has dealt, providing opportunities for SMBs to gain capital and for lenders to facilitate. Facilitating this support has become critical for lenders during the pandemic, notably those providing access to the U.S. Of the 32 million SMBs in the U.S.,

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How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World

CB Insights

Both have access to significant financial capital to scale far beyond what’s available to even well-funded startup challengers. This includes the EU’s revised payment services directive (PSD2), the UK’s Open Banking, the Hong Kong Monetary Authority’s virtual bank license, the US OCC’s Fintech Charter, and Brazil’s new banking rules.

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The Next FinTech Unicorn? Rumored $150 Million Heading to Kabbage

Fintech Labs Insights

Once completed, the company will have a total capital of more than $585 million and a valuation of more than $875 million. The new capital will help Kabbage grow its staff (adding as many as 100 new workers) as well as “double” its office footprint. Kabbage was founded in 2009, and is headquartered in Atlanta, Georgia.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

Last week , Walmart Pay rolled out in Alabama and Georgia. Costco Card. The Costco Card has generated a lot of buzz. But all that buzz was based on anticipation and the hope that the card would be all it is cracked up to be. That has left them sans card since the switch went into effect on Monday. Walmart Pay.

Lending 101
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Fintech Fundings: 26 Companies Raise $270 Million Second Week of August

Fintech Labs Insights

The fintech sector attracted $266 million in new capital the second week of August. Fintech deals by size from 6 Aug to 12 August 2016: Interactions. HQ: Atlanta, Georgia. Bigstone Capital. HQ: Atlanta, Georgia. Tags: SMB, merchants, payments, credit/debit card processing, acquiring, point of sale.