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Digital Mortgage Startup Blend Expands Into Consumer Banking

PYMNTS

The San Francisco-based digital mortgage and loan platform on Wednesday (Sept. 23) announced its expansion into consumer banking to include personal loans and credit cards. Blend’s venture into new territory comes a month after it raised $75 million in Series F funding led by Canapi Ventures , the Washington, D.C-

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Credit Unions Step Up During Government Shutdown

PYMNTS

However, credit unions are well-capitalized nonprofits — and they are more driven by serving their membership than feeding the bottom line. At the end of the day, it’s not easy for anyone, regardless of digital or traditional channel, but it helps,” he said. The shutdown must come to an end. There is really no bright side to either.

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How Banks Will Mint Their Own Stablecoins

The Financial Brand

Consortium of banks and tech firms enters the digital frontier with a payments specialty that Washington may actually love. The post How Banks Will Mint Their Own Stablecoins appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Chase Initiative Sparks Debate Over ‘Bank Deserts’ And SMBs

PYMNTS

The first of those will be opened in Wards 7 and 8 in Washington, D.C., the same area targeted by the bank for its $10 million initiative to support small business development and affordable housing. The institution plans to open the planned 400 new locations in the U.S. over the next five years.

Phoenix 100
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Top 26 Digital Lenders to U.S. Small Businesses (SMB, May 2021)

Fintech Labs Insights

CAN Capital. Lighter Capital. CAN Capital. Lighter Capital. HQ: Washington DC. Online Digital Banks for Small Businesses (SMB) May 2021. Fundera (NerdWallet). Camino Financial. Website visitors: 990,000 (April 2021, SimilarWeb). Employees: 120 ( Pitchbook ). Citations: 166 (Crunchbase). 153 reviews).

Atlanta 15
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Fintech Fundings: 12 Companies Raised $150 Million Week Ending Nov 29

Fintech Labs Insights

BBVA was lead investor contributing $68 million for a 30% stake in the not-yet-launched mobile bank. Finovate alum Lighter Capital had the second-biggest round this week raising $9 million in equity and announcing a loan-funding commitment of $100 million (not included in fundraising totals). Digital bank.

Company 12
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Top 33 Digital Lenders to U.S. Small Businesses (SMB) in Nov 2021

Fintech Labs Insights

CAN Capital. Lighter Capital. CAN Capital. Lighter Capital. HQ: Washington DC. Related: Top 17 Online Digital Corporate Credit Cards for Small Businesses (Dec 2021). Online Digital Banks for Small Businesses (SMB) November 2021. Fundera (NerdWallet). Biz2Credit. Employees: 119 ( Pitchbook ).

Atlanta 15