Capital, Fintech, Lending and New York City

Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS).

Capital

Capital Fintech New York City Security

Instant Pay Startup Clair Notches $4.5M To Help Gig Workers

PYMNTS

OCTOBER 9, 2020

New York City-based FinTech startup Clair has raised $4.5 million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly. We are excited to back a social impact-driven FinTech with a sound business model. The funding was led by Upfront Ventures.

New York City

New York City Lending New York Fintech

B2B Tech Startups Land Backing To Modernize The Enterprise

PYMNTS

SEPTEMBER 4, 2020

More than $25 million in new funding landed at B2B FinTech startups this week, making it one of the slower VC roundups for the B2B landscape this year. It's a business model that secured the backing of FINTOP Capital, which led the round, while PayPal co-founder Peter Thiel and Palantir Technologies and Founders Fund also participated.

New York City

New York City Capital Colorado Software

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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Investors Haven’t Forgotten About Alternative SMB Finance

PYMNTS

DECEMBER 15, 2017

By now, the alternative lending market is hardly new, and investor appetite for startups in the space seems to have waned. This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. SMB Finance.

Fraud

Fraud Capital New York City Lending

Today In Data: Alt FIs Raise Funding, SMBs In The US And AI Gets Backing

PYMNTS

DECEMBER 15, 2017

Today in PYMNTS’ data, small- and medium-sized businesses (SMBs) have won the alternative financial venture capital (VC) funding rounds, millions of SMBs are in operation in the U.S. — 30 million | Higher end estimation of the number of SMBs in operation in the U.S. today, according to the United States Small Business Administration.

Data

Data New York City eBook US

The ICBA 22/23 executive committee is all in

Independent Banker

MARCH 31, 2022

We must continue to fight increased regulation, specialty charter considerations and the potential for more fintech access to traditional rails without the same oversight. At-large director Jill Sung (not pictured), President and CEO, Abacus Federal Savings Bank, New York City. ICBA standing committee chairs (from left).

Community Bank

Community Bank Community Industry Texas

A Regulatory Oversight?

Independent Banker

DECEMBER 29, 2015

ICBA warns of risks of online marketplace lending models. Online marketplace lenders are a new form of nonbank specialty lending that uses technology platforms to allow Wall Street and individual investors to directly fund loans to consumers and small businesses. Lend exclusively over online peer-to-peer platforms.

San Francisco

San Francisco Lending New York City Online

Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Labs Insights

MARCH 1, 2016

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2 FlexScore was bought by United Capital . HQ: New York City.

New York City

New York City Company Fintech San Francisco

Fintech Fundings: 18 Companies Raise $210 Million Week Ending Sep 10

Fintech Labs Insights

SEPTEMBER 10, 2015

The total included mega-rounds of $30+ million to three lending plays: FundBox ($50 mil), CommonBond ($35 mil), Orchard Platform ($30 million) and one financial-institution-supported blockchain startup: Chain ($35 mil). The $208 million this week brings total 2015 YTD fintech fundings to $12.4 HQ: New York City.

San Francisco

San Francisco New York City Company Fintech

Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

Fintech Labs Insights

APRIL 13, 2016

For the 14th week in a row, fintech deals worldwide surpassed the 20-mark. Three Finovate alums raised capital and one of the first FinovateSpring presenters, TradeKing , was acquired by Ally Financial for $275 million. Here are the fintech deals by size from 2 April to 8 April 2016: Home Link (Lianjia). P2P lending platform.

New York City

New York City Company Fintech Minnesota

CEO Roundtable: Ideas for a successful 2023

Independent Banker

DECEMBER 31, 2022

Anita Drentlaw , CEO, president and CFO at $190 million-asset New Market Bank in Elko New Market, Minn. Jill Sung , president and CEO of $325 million-asset Abacus Federal Savings Bank in New York City. So we’re careful when we lend out commercial real estate loans. The ICBA view on… Lending.

Community Bank

Community Bank Community Tampa North Carolina

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

Fintech Labs Insights

SEPTEMBER 19, 2016

The fintech sector attracted $266 million in new capital the second week of August. 5 million to CUneXus to expand its consumer lending platform. . $5 5 million to CUneXus to expand its consumer lending platform. Fintech deals by size from 6 Aug to 12 August 2016: Interactions. Consumer lending platform.

San Francisco

San Francisco New York City Fintech Company

OnDeck Adds New Small Business Lending Options

Fintech Labs Insights

OCTOBER 22, 2015

.” Pictured (left to right): Miranda Lanzillotti, Marketing Communications Manager, and Pamela Rice, Senior Vice President of Technology, for OnDeck, discussing lending APIs at FinDEVr 2014. And last month, the company teamed up with Intuit to launch a $100 million lending fund for small businesses.

Lending

Lending San Francisco New York City New York

Fintech Fundings: 28 Companies Raise $400 Million Week Ending May 20

Fintech Labs Insights

JUNE 16, 2016

Along with the usual payment and lending startups, two insurtech companies raised substantial rounds: Embroker ($12.2 Finovate alums accounted for 40% of the week’s dollar volume including: Personal Capital raised $75 million for its digital wealth management service. Personal Capital. HQ: Redwood City, California.

San Francisco

San Francisco Company South Carolina New York City

Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

JULY 12, 2016

With 38 deals reported – one shy of the weekly record – fintech companies raised $303 million worldwide the first week of June. Two Finovate alums landed new money this week: Callvu raised $3 million , with participation frim NICE Systems. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. HQ: New York City.

New York City

New York City Company Fintech San Francisco

Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

MARCH 28, 2016

For the 12th consecutive week, there were 20+ fintech fundings worldwide. The number of deals was inflated somewhat by the six new fintech companies launched at YC’s demo day that we had not previously covered. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. HQ: New York City.

Company

Company Fintech San Francisco New York City

Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12

Fintech Labs Insights

NOVEMBER 12, 2015

It was a quieter week in fintech fundings. And we are not sure if the NCR inflow should even be considered “new money.” HQ: New York City. Lending marketplace targeting Hispanic-owned small businesses. HQ: New York City. But we’ll see if they do follow that path.

New York City

New York City Company Fintech San Francisco

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

JANUARY 18, 2016

Year-to-date fintech companies have raised $450 million in new equity, 67% more than the $270 million raised in the first half of January 2015. HQ: New York City. HQ: New York City. Online consumer lending. Tags: Consumer, credit, lending, loans, underwriting. Mambu attracted $8.7

Company

Company New York City Fintech San Francisco

Director Cordray and Comptroller Curry speak at LendIt USA conference

CFPB Monitor

MARCH 8, 2017

Earlier this week, we attended the LendIt USA conference in New York City, a leading annual fintech conference, at which CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry both spoke. Kaplinsky and Scott M. ” He then discussed the CFPB’s two most recent requests for information. .”

Conference

Conference Policies New York City Data

Fintech Fundings: 24 Companies Raise $560 Million Week Ending Jan 8

Fintech Labs Insights

JANUARY 13, 2016

The $138 million in new equity last week was 25% more than the $110 million from the same week a year ago. In addition to LoanNow, Finovate alums attracting new capital included: Gem , which pulled in $7.1 HQ: New York City. Lendful Financial. HQ: New York City. million ($44.7

Company

Company New York City Fintech Lending

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

JANUARY 7, 2016

The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). If you add the $6 billion in new capital raised in the IPOs of Worldpay, Square and First Data, the 2015 total is a nice even $25 billion. HQ: New York City. Person-to-person lender .

St. Louis

St. Louis social media Company Fintech

Fintech Fundings: 23 Companies Raise $530 Million Week Ending July 8

Fintech Labs Insights

AUGUST 5, 2016

Fintech deals by size from 2 July to 8 July, 2016: Qufenqi. Lending Works. P2P lending platform. Lending Works. P2P lending platform. HQ: New York City. HQ: New York City. Tags: SMB, investing, fundraising, capital, VC, angel investing. Total raised: $874 million.

San Francisco

San Francisco Company New York City Fintech

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

JUNE 6, 2016

Fintech deals by size from May 7 to 13, 2016: Avant (AvantCredit UK). Capital Float. Working capital financing. HQ: New York City. HQ: New York City. HQ: Brooklyn, New York. Consumer alt-lender. Latest round: $188 million Debt (for AvantCredit UK). Total raised: $1.92

Company

Company Fintech San Francisco New York City

Fintech Fundings: 114 Companies Raised $7.3 Billion in April

Fintech Labs Insights

MAY 19, 2016

Fintech deals by size from 23 April to 29 April 2016: Mosaic. Marketplace small business lending platform. AI for capital markets news. HQ: New York City. The post Fintech Fundings: 114 Companies Raised $7.3 ——-. Marketplace lender for residential solor projects. Total raised: $224.9

San Francisco

San Francisco Company Fintech California

Fintech Fundings: $148 Million Raised by 14 Companies Week Ending July 10

Fintech Labs Insights

JULY 10, 2015

This week, a wide variety of fintech companies raised money from blockchain security ( BitFury ) to B2B payments ( Karmic Labs ). But once again the lending sector attracted the most cash, accounting for $94 million, or 64% of the $148 million total. Online financing for small business working capital. HQ: New York City.

San Francisco

San Francisco Company Fintech New York City

Fintech Fundings: 23 Companies Raise $685 Million Week Ending Dec 18

Fintech Labs Insights

DECEMBER 28, 2015

But if there’s one in the fintech sector, the dozens of investors in these 23 companies didn’t get the memo. In the last full non-holiday week of the year, $685 million poured into fintech companies worldwide. HQ: New York City. HQ: Foster City, California. FinTech Group. Indexa Capital.

Company

Company Fintech North Carolina California

Fintech Fundings: 14 Companies Raise $160 Million Week Ending May 15

Fintech Labs Insights

MAY 15, 2015

Vouch landed $6 million to help put the “first P” back in P2P lending. In total, 14 companies raised $160 million (not counting the undisclosed amount Square raked in to fund more alt-lending to its SMB customers). Online lending ( Paidy ). HQ: New York City. Lending social network.

San Francisco

San Francisco Company Fintech California

Fintech Fundings: 32 Companies Raise $210 Million Second Week of July

Fintech Labs Insights

AUGUST 8, 2016

Through mid-July, the blistering pace of deals continued with 32 new fundings during the week ending July 15. There has been an average of 28 fintech deals per week this year. Fintech deals by size from 9 July to 15 July, 2016: Blockchain Intelligence Group. HQ: New York City. HQ: New York City.

Company

Company Fintech New York City blockchain

LendKey Adds $8 Million in Venture Debt; Reaches $800 Million in Loans

Fintech Labs Insights

MAY 28, 2015

In addition to securing an $8 million venture debt line from Silicon Valley Bank, the lending-as-a-service innovator reached $800 million in loans deployed to more than 35,000 borrowers, and won a commitment of $125 million from its own lending network of more than 300 credit unions and banks. Mike Stallmeyer, SVP Finance.

San Jose

San Jose New York City Lending New York

Finovate Debuts: LiftForward Allows Clients to Offer Risk-Free Purchase Financing

Fintech Labs Insights

DECEMBER 11, 2015

LiftForward launched in 2013 as a marketplace loan platform where investors lend small businesses up to $1 million. This lending platform is the basis for the company’s TaaSLift , a technology-as-a-service platform that enables LiftForward clients to finance product purchases for their end customers. Metrics: 10 employees.

New York City

New York City Case Study New York Lending

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

SEPTEMBER 1, 2016

The fintech sector attracted $332 million in new capital the first week of August. Four of those came out of the most recent batch of companies launched from accelerator 500 Startups , where each received $125,000 in seed capital. Fintech deals by size from 30 July to 5 August, 2016: Mosaic. HQ: New York City.

New York City

New York City Company Fintech Comparison

Fintech Fundings: 39 Companies Raise $930 Million Week Ending April 15

Fintech Labs Insights

APRIL 25, 2016

For the third time this year, we tied the single-week record of 39 fintech financing deals. This week, those 39 fintech startups raised a whopping $932 million, (or $680 million not counting the $253 million Bats Global IPO). Aire raised an undisclosed amount to further its new credit scoring system. P2P lending platform.

San Francisco

San Francisco Fintech Company Lending

Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Labs Insights

JULY 21, 2016

It was a huge week in German fintech funding, coinciding with, but too soon to be caused by, Brexit. All told, 26 fintech companies worldwide raised $281 million during the third week of June including five Finovate alums: Plaid landed $44 million from Goldman Sachs. Fintech deals by size from 18 June to 24 June, 2016: Circle.

New York City

New York City Fintech Company San Francisco

Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

AUGUST 1, 2016

Second quarter closed with a frenzy of fintech fundings with 49 deals announced the last week alone, 10 more than the previous weekly record. Fintech deals by size from 25 June to 1 July, 2016: Paycor. Alt-lending to small businesses. HQ: New York City. Marketplace lending analytics. million was debt.

Company

Company Fintech New York City Lending

BizFi Reaches $1.8 Billion Small Business Lending Milestone

Fintech Labs Insights

AUGUST 17, 2016

Courtesy of more than $144 million in originations in the second quarter, small business lending platform Bizfi has just surpassed $1.8 Founded in 2005 and headquartered in New York City, Bizfi demonstrated its technology at FinovateFall 2015. Billion Small Business Lending Milestone appeared first on Finovate.

Lending

Lending New York City New York Taxes

17 Of The Biggest Startup Frauds Of All Time

CB Insights

MAY 23, 2019

Mozido’s fintech fraud fiasco. Crescent Ridge Capital Partners’ elaborate Ponzi scheme. Select Investors: AllianceBernstein, Lightspeed Venture Partners, Glade Brook Capital Partners. Select Investors: CapitalG, Goldman Sachs Investment Partners, Pritzker Group Venture Capital. Bouxtie’s broken promises.

Fraud

Fraud Las Vegas Company Video

Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Labs Insights

FEBRUARY 23, 2016

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2 FlexScore was bought by United Capital . HQ: New York City.

Company

Company Fintech San Francisco Texas

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 5

Fintech Labs Insights

FEBRUARY 5, 2016

Private capital continued to flow into the fintech sector this week with 21 companies raising $257 million. One Finovate alum raised new cash; London’s Revolut brought in $4.8 Just five weeks into the new year, fintech companies have raised $4.25 HQ: New York City. HQ: Troy, Michigan.

Company

Company Fintech Bitcoin California

Fintech Fundings: 20 Companies Raise $175 Million Week Ending Nov 6

Fintech Labs Insights

NOVEMBER 9, 2015

It was the sixth week in a row that the number of fintech fundings topped 20. P2P lending. Expansion Capital Group. Tags: Consumer, lending, lead gen, loans, small business loans, mortgage. Last week, 20 companies raised $175 million, including $25 million in debt. Latest round: $65 million Series A. Source: FT Partners.

Company

Company Fintech South Dakota San Jose

Fintech Fundings: 38 Companies Raise $220 Million the Second Week of June

Fintech Labs Insights

JULY 14, 2016

In all, fintech companies worldwide raised $222 million the second week of June. Fintech deals by size from 4 June to 10 June, 2016: Tradeshift. HQ: New York City. Tags: SMB, lending, alt-lender, commerical loans, trade finance, billing, invoicing, cash flow, working capital. Trading platform.

San Francisco

San Francisco Company Fintech California

Fintech Trending: Look Who’s Chasing Venmo, Student Loan Servicing Falls Short

Fintech Labs Insights

AUGUST 26, 2016

Our last Fintech Trending post described the growth of P2P payment service clearXchange , which scored Fiserv ( F2016 ) as a distribution partner and added MasterCard Send debit cardholders to its client base. Capital One Wallet. Other news in the payments space. Tilt has already launched in the U.K., Canada, and Australia.

Trends

Trends Fintech ATM Google

37 Corporate Innovation Labs In Finance

CB Insights

MAY 15, 2019

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. Capital One — Capital One Labs. Key people: James Patterson, Managing VP & Head of Capital One Labs at Capital One. Get the entire 43-page PDF.

Innovation

Innovation blockchain Technology Groups

Lull Hits B2B FinTech Venture Capital Funding

Instant Pay Startup Clair Notches $4.5M To Help Gig Workers

Webinars

Trending Sources

B2B Tech Startups Land Backing To Modernize The Enterprise

Webinars

Investors Haven’t Forgotten About Alternative SMB Finance

Today In Data: Alt FIs Raise Funding, SMBs In The US And AI Gets Backing

The ICBA 22/23 executive committee is all in

A Regulatory Oversight?

Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Fundings: 18 Companies Raise $210 Million Week Ending Sep 10

Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

CEO Roundtable: Ideas for a successful 2023

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

OnDeck Adds New Small Business Lending Options

Fintech Fundings: 28 Companies Raise $400 Million Week Ending May 20

Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Director Cordray and Comptroller Curry speak at LendIt USA conference

Fintech Fundings: 24 Companies Raise $560 Million Week Ending Jan 8

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Fundings: 23 Companies Raise $530 Million Week Ending July 8

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Fundings: 114 Companies Raised $7.3 Billion in April

Fintech Fundings: $148 Million Raised by 14 Companies Week Ending July 10

Fintech Fundings: 23 Companies Raise $685 Million Week Ending Dec 18

Fintech Fundings: 14 Companies Raise $160 Million Week Ending May 15

Fintech Fundings: 32 Companies Raise $210 Million Second Week of July

LendKey Adds $8 Million in Venture Debt; Reaches $800 Million in Loans

Finovate Debuts: LiftForward Allows Clients to Offer Risk-Free Purchase Financing

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Fundings: 39 Companies Raise $930 Million Week Ending April 15

Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Fundings: 186 Companies Raised $1.6 Billion in June

BizFi Reaches $1.8 Billion Small Business Lending Milestone

17 Of The Biggest Startup Frauds Of All Time

Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 5

Fintech Fundings: 20 Companies Raise $175 Million Week Ending Nov 6

Fintech Fundings: 38 Companies Raise $220 Million the Second Week of June

Fintech Trending: Look Who’s Chasing Venmo, Student Loan Servicing Falls Short

37 Corporate Innovation Labs In Finance

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