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Fifth Third Links Rejected Business Borrowers To Alt-Lender

PYMNTS

To offer expanded services as it pursues a digital innovation strategy of harnessing partnerships to provide an enhanced customer experience, Fifth Third is teaming with Fundation for small business loans. Companies that lack access to capital are not able to grow their operations or have had to cut their headcounts.

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Inside Look: The meteoric rise of point-of-sale lending in the U.S.

BankInovation

economy began to show signs of recovery after the initial shockwaves of the Great Depression, General Electric launched a point-of-sale lending product to provide cash-strapped customers with installment loans so the manufacturer could sell its product. Since we spun out of GE Capital five years ago, we’ve just […].

Lending 98
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Brex: Market volatility not ‘doomsday’ for tech funding

Bank Innovation

billion since its 2017 founding, is optimistic about venture capital funding for tech companies, despite current market volatility. Brex, a corporate card and financial product startup that has raised $315 million in equity and reached a reported valuation of $2.6

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With $40M of fresh capital, Upgrade lines up bank account launch 

BankInovation

Upgrade, the personal loan and credit card service provider, plans to launch a mobile bank account by quarter’s end, on the heels raising another $40 million of venture funding from Santander InnoVentures yesterday.? “We’re

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Weekly Wrap: Varo is a bank and a big week for payments startups

BankInovation

A banking charter comes with capital requirements and regulatory oversight that will not be appealing to all fintechs,” said Julie […]. Varo Money officially announced today it is shedding the “banking startup” title, as the company has finally received its banking charter after a three-year journey.

Capital 64
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OnDeck wants to become ‘mom and pop’ bank of the future

Bank Innovation

CEO Noah Breslow called the target customers “mom and pop, main street small businesses” with less than […]. Small business lender OnDeck is making a pitch to Main Street. The company, which has been outspoken about its pursuit of a bank charter, is trying to move beyond loans and become a digital bank for small businesses.

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Join our ‘Fintech in the Age of Coronavirus’ Zoom meeting (Subscribers Only) 

Bank Innovation

What is the role of innovation in response to these rapidly unfolding events? For insights into these questions, Bank Innovation and INV Fintech, its sister banking innovation services platform, will present a special Zoom meeting on […]. How will banks and startups work together?

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