PYMNTS

AUGUST 12, 2020

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. The company said its efforts recognize “the important role FinTechs play in the world’s rapid digital transformation.”. 12) announcement.

Fintech 163

Fintech Innovation cryptocurrency blockchain 163

PYMNTS

JANUARY 13, 2021

Vietnam’s MoMo, the digital wallet company, has raised $100 million from a collection of six investors co-led by Goodwater Capital and Warburg Pincus. As it stands, PSCU works with CUs throughout the nation and helps with more than 5.4 billion transactions annually.

Digital Banking 141

Digital Banking ATM Capital Regional 141

PYMNTS

JANUARY 21, 2020

The startup has said that business banking on the continent needs to be repaired, and that it can provide a much better experience with its mobile and online-first offerings. . So far, Qonto has worked with about 65,000 companies in the past two and a half years. It also plans to hire more employees with the capital. million.

Capital 131

Capital Digital Banking Compliance Mobile 131

PYMNTS

SEPTEMBER 6, 2019

Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week. Buyers, meanwhile, optimize working capital by extending days payable outstanding, with a financier stepping in to pay the invoice.

Fintech 155

Fintech Capital Lending Operations 155

PYMNTS

MARCH 13, 2019

Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market. At the time Naspers said proceeds would go toward growth opportunities in global classified, online food delivery and FinTech.

Fintech 123

Fintech Capital Online Financial Technology 123

PYMNTS

APRIL 21, 2020

The FinTech company SoFi is making its first leap to go global with a big move into Hong Kong. The opening of a Hong Kong outpost is part of SoFi’s bid to acquire online brokerage firm 8 Securities, while expanding its business and serving up commission-free trading there.

San Francisco 130

San Francisco Innovation Fintech Security 130

CFPB Monitor

DECEMBER 22, 2020

The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs). Interest rate limits.

FDIC 78

FDIC Capital National Regulation 78

PYMNTS

JULY 31, 2020

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. As a national charter, the bank can offer credit and cash-flow management, the company said. Varo Bank N.A. million.

National 172

National Fintech San Francisco Connecticut 172

PYMNTS

MAY 20, 2019

On Monday (May 20), the Czech Banking Association said it welcomed the proposal, and Babis said big banks in the country have agreed in principle on a starting capital of six billion Czech crowns ($259.92 Under the new deal, the two companies will extend their current project in the Czech Republic and will enter Slovakia.

National 108

National Capital Compliance Financial Technology 108

PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 billion, as CNBC reported. billion garnered only 18 months ago.

Los Angeles 231

Los Angeles UX Cards FDIC 231

PYMNTS

MAY 29, 2018

Rocket Internet , the Germany eCommerce company, is aiming to invest in financial technology and artificial intelligence startups with the $3 billion in cash it has, reports Reuters. The company is fully funded and could be a candidate for a public listing similar to HelloFresh, noted Reuters.

Fintech 122

Fintech Groups Capital America 122

PYMNTS

JUNE 13, 2019

In a sign of Grab ’s ambitions in the financial services space, the Singapore ride-hailing firm reportedly had discussions to acquire payments provider 2C2P Pte. Unnamed sources claim that the company was one of various possible bidders interested in the payments firm, Bloomberg reported. The news comes as Grab raised over $4.5

Report 100

Report Lending Financial Technology Online 100

PYMNTS

APRIL 16, 2019

Wirecard, the digital financial technology company, announced Tuesday (April 16) it is expanding its partnership with O2 Czech Republic, the largest telecommunications player in the Czech market. The two companies will extend their current project in the Czech Republic under the new deal as well as enter Slovakia.

Compliance 100

Compliance Mobile Financial Technology Online 100

PYMNTS

JANUARY 7, 2021

Creation of the new unit would be part of a much larger overhaul of the financial technology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg. China’s central bank told the media on Dec.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others.

Apple 159

Apple Mobile Fraud Branding 159

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. Questions directed at Ms.

Policies 60

Policies Lending Data Online 60

PYMNTS

AUGUST 25, 2019

Chinese social eCommerce platform Wanwu Xinxuan has raised $20 million in a Series B round of financing led by Fresh Capital, with participation from Redpoint China Ventures, according to Deal Street Asia. Launched in August 2018, Wanwu Xinxuan is an online retail platform selling children’s apparel, shoes and accessories.

Data 109

Data Fintech Lending Regional 109

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms. “We

Lending 150

Lending Fintech Data Wyoming 150

Bank Innovation

AUGUST 1, 2018

Zelle made a difference to the bottom line of financial technology provider Fiserv, the company reported on its earnings call yesterday. It was also noted that several banks — Fiserv serves some 13,000 financial institutions — saw a boost in transactions due […].

Financial Technology 170

Financial Technology Technology Report Company 170

PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 billion, as CNBC reported. billion garnered only 18 months ago.

Los Angeles 140

Los Angeles UX Cards FDIC 140

PYMNTS

OCTOBER 4, 2016

According to a report, which cited an email Prosper sent investors last week, the company will shut down the service on Oct. The company doesn’t operate the secondary market itself but outsources to FOLIOfn, which is operated and maintained by FOLIOfn Investments, which is a registered broker dealer.

Marketing 170

Marketing Lending Operations Financial Technology 170

PYMNTS

JANUARY 26, 2017

Vyze, a cloud-based financial technology company for retailers and manufacturers, announced Wednesday (Jan. 25) that it continues to grow its financing platform that provides consumers with access to capital. In a press release , Vyze said that, as of Jan.

Retail 100

Retail Customer Experience Financial Technology Online 100

PYMNTS

NOVEMBER 21, 2016

This week, we take a look at how companies are investing. PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. A 53% CAGR for the online SME lending industry is sure to be welcome news for small business borrowers.

Strategy 100

Strategy Lending Capital America 100

PYMNTS

MAY 27, 2016

Prosper Marketplace is in the midst of exploring strategic options, having hired investment banks JPMorgan and Financial Technology Partners and having disclosed it is considering selling equity in the firm. Specifically, the capital would improve funding sources. Separately, the company raised rates in August.

Lending 100

Lending Course Financial Technology Capital 100

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. That doesn’t mean it’s been easy. But in a new PYMNTS interview on Tuesday (Dec.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

JANUARY 18, 2017

The financial technology firm revealed it will offer banks access to its peer-to-peer lending technology to help banks compete with younger alternative lenders in the industry. Misys is offering banking clients access to its P2P lending software, reports said Tuesday (Jan.

Lending 100

Lending Software Financial Technology Online 100

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Engagement platform Personetics also secured $85M from Thoma Bravo Digital banking provider Apiture announced a fundraising round led by Live Oak Bank, Pinnacle Bank, and BHG Financial Digital banking provider Backbase raised $128.6M

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

APRIL 7, 2020

It’s all hands on deck as companies across industries take measures to aid the national and global response to the coronavirus pandemic. For Bottomline Technologies , the opportunity emerged with Friday’s launch of the $350 billion Paycheck Protection Program (PPP) under the CARES Act. Easing The PPP Loan Burden.

Fintech 166

Fintech Technology Operations Company 166

CB Insights

APRIL 22, 2020

Unlike larger, more established firms, they have small cash buffers and depend on external capital to sustain growth. Below, we dig into how the financial difficulties that many SMBs face could impact fintech companies (especially B2B fintech startups). What a cash flow crisis means for fintech companies.

Fintech 87

Fintech Lending Online Examples 87

PYMNTS

NOVEMBER 11, 2016

The country has the largest online market in Europe, with an estimated 66 million Russians accessing the internet. Political conflict has wreaked havoc on the country’s financial health over the years, which has, in turn, caused many global venture capitalists to look elsewhere and talent to drastically exit in search of better opportunities.

blockchain 165

blockchain Innovation Marketing Technology 165

PYMNTS

JUNE 1, 2017

Stripe, a San Francisco-based payment service provider that specializes in online transactions, is expanding its arsenal of financial products to cater to the needs of data-hungry businesses. The analytics tool is designed for SMBs and startups without access to financial analytics platforms.

Analytics 106

Analytics Tools San Francisco Data 106

CB Insights

NOVEMBER 21, 2019

Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. And, at later stages, Lightspeed POS went public on the Toronto Stock Exchange in March, raising $240M and seeing its shares jump 26% on the company’s first day of trading. All companies on this market map are fintech companies.

Fintech 93

Fintech Marketing US Technology 93

CB Insights

MARCH 27, 2018

When it comes to blockchain technology, there’s a lot of hype. Now some public companies are pivoting away from their core products — be that cameras, diagnostic machinery, or even iced tea — to adopt new blockchain strategies. Companies are arranged in descending order of market cap (as of 03/16/18). .

blockchain 48

blockchain Company cryptocurrency Bitcoin 48

PYMNTS

FEBRUARY 1, 2017

That capital is earmarked toward helping the firm’s balance sheet ahead of new capital rules that go into effect within the next two years. The latest funding round was led by Thrive Capital. Even with the push to online commerce, finding affordable fares and booking deals is still a game of chance for consumers.

Industry 100

Industry Data Capital System 100

PYMNTS

SEPTEMBER 7, 2018

The packages come without blackout dates, surge pricing or any limits on when users can see blockbusters, a recent change announced by MoviePass , which also raised its prices as it struggled with capital. This is a financial technology business.”. Ticketing App. Part of the success comes from testing, he said. “We

United States 118

United States Maine Mobile Financial Technology 118

PYMNTS

OCTOBER 1, 2018

The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. The SEC Finding. Attorney Alex Tse. “We

Lending 135

Lending Fraud Management San Francisco 135

CB Insights

JULY 26, 2017

These included a $448M investment to China-based online parenting platform Babytree in Q3’16, as well as a $150M Series D to China-based baby products sales platform Mia.com in Q3’15. We exclude any companies that primarily focus on pre-natal products and services. Quarterly financing history. Financing trends by stage.

Trends 41

Trends Capital Comparison Video 41