PYMNTS

NOVEMBER 22, 2019

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Venture Capital Funding. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Cardlay, based in the U.K., Also in the U.K.,

Strategy 109

Strategy Fintech Capital Lending 109

PYMNTS

DECEMBER 13, 2019

Venture capital (VC) is far from the only funding source for B2B FinTechs. Despite a growing array of options, venture capital remains a solid funding source for B2B FinTechs, with this week’s roundup accumulating $104.4 Bill.com’s initial public offer (IPO) on Thursday (Dec. million raised, Reuters reported.

New York 130

New York Capital Fintech Leadership 130

PYMNTS

SEPTEMBER 12, 2019

Affirm , a FinTech that offers customers payment plans at the point of sale, is reportedly looking to raise around $1.5 New York venture capital firm Thrive Capital is reportedly at the helm of the financing and Spark Capital is participating. FinTech investment is constantly reaching new highs.

Capital 140

Capital New York Fintech Lending 140

PYMNTS

JUNE 12, 2018

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. They all had a pretty tough time and took losses a lot more than expected,” said Henry Song, a portfolio manager at Diamond Hill Capital Management Inc. The Coming Risk Assessment Reset.

Lending 116

Lending Security Philadelphia Dallas 116

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. ” Capital On Tap Enables Receipt Bank Card. Capital on Tap wields the commercial card to connect small and medium-sized businesses (SMBs) to financing.

Cards 208

Cards New York Capital Compliance 208

CB Insights

OCTOBER 21, 2018

CB Insights unveiled the second annual Fintech 250 — a list of 250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. THE FINTECH 250 STORY. CB Insights clients can view the full Fintech 250 story by clicking the button below. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

PYMNTS

JULY 14, 2020

Silicon Valley FinTech Affirm is also a regular in the top 5 this year. In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

APRIL 8, 2016

The alternative lending boom of yesteryear secured impressive amounts of attention, and dollars, from venture capitalists towards the FinTech startup industry. Today, however, investors are increasingly showing a more conservative approach to the FinTech space. Alternative Lending. We break down the investments below.

Fintech 100

Fintech Software Capital Lending 100

Bank Innovation

JANUARY 10, 2018

New York-based fintech YieldStreet has raised $116 million in debt and equity financing to further expand the loans it offers on its platform, Bloomberg reported today.

New York 268

New York Fintech Report Company 268

PYMNTS

SEPTEMBER 27, 2020

Lightyear Capital , the New York-based private equity firm working in the fields of financial services, has established ProfitSolv to acquire integrated solutions for billing, payments and software services, a press release says.

Payments 160

Payments Software New York Capital 160

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 151

New York City Capital Colorado Software 151

PYMNTS

AUGUST 20, 2018

FinTech Firms Eye Bank Charters. And in the wake of the announcement late last month that FinTechs will be able to apply for banking licenses with the Office of the Comptroller of the Currency, caution abounds. As many as 85 percent of firms are boosting budgets over the previous year’s, tied to data privacy and compliance.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

JANUARY 23, 2019

“New and growing small businesses often need fast access to capital that supports basic needs like inventory purchases, payroll and marketing,” said Edward Siegel, CEO of Bitty Advance, in a statement.

Samsung 162

Samsung New York Branding Apple 162

American Banker

JULY 24, 2020

Similar to a law passed two years ago in California, legislation headed to the New York governor’s desk would require fintech and other nonbank lenders to uniformly disclose total cost of capital, APR and other metrics to potential borrowers.

New York 68

New York California Capital Fintech 68

PYMNTS

SEPTEMBER 9, 2019

Goldman Sachs Group is giving a $100 million loan to Konfio, marking the first time the lender’s structured finance, investment and lending business has provided a credit facility to a Latin American FinTech. I lived through the subprime crisis,” said Arana, who worked at Deutsche Bank AG in New York from 2006 to 2013. “In

New York 123

New York Lending Conference America 123

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

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 115

Fraud Capital New York City Lending 115

PYMNTS

SEPTEMBER 19, 2017

Online lender and tech startup Social Finance (SoFi) made recent news when its chief executive officer, Mike Cagney, stepped down following a lawsuit regarding claims of sexual harassment. billion | Total venture capital funding raised by investors like Baseline Ventures, Discovery Capital and SoftBank.

Data 100

Data New York Capital Lending 100

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. All told, they raised over $15B in 2019, in addition to forging new high-profile partnerships, spinning off new ventures, and evolving their products and strategies.

Fintech 80

Fintech US Lending Cards 80

CB Insights

JANUARY 20, 2022

The round drew participation from GGV Capital, American Express Ventures, Coatue Management, and Franklin Templeton, among others. New York-based Pinwheel helps fintech companies and financial institutions manage direct deposits, verify income and employment information, and streamline other payroll processes.

New York 51

New York Lending Fintech US 51

PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Capital 108

Capital Analytics San Francisco Lending 108

PYMNTS

APRIL 22, 2019

Might banks be making inroads into the hearts and minds of smaller firms as they seek out capital – as some SMBs cite at least some dissatisfaction with non-banking lending conduits? In addition, the relatively higher online lending rates come against a backdrop of what we might term a bit more caution about non-traditional lending.

Study 122

Study Lending Online Survey 122

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. For an analysis of the DFS lawsuit, click here.). In her remarks and responses to questions, Ms.

Policies 60

Policies Lending Data Online 60

Bank Innovation

DECEMBER 6, 2017

The New York-based Hypr announced today that it received an additional $2 million on a Series A funding, first announced in October 2017. Today’s round was led […].

New York 284

New York Technology Online Capital 284

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 109

Data New York City eBook US 109

PYMNTS

DECEMBER 7, 2020

Paysafe plans to go public on the New York Stock Exchange with a $9 billion listing. However, it trails two other SPAC deals: the $16 billion United Wholesale merger with Gores Holdings IV, and the MultiPlan merger with Churchill Capital for $11 billion. 6) to go public via a SPAC named Foley Transimene Acquisition Corp II.

Online 161

Online Marketing New York Report 161

PYMNTS

MARCH 15, 2019

For financial services, and specifically for FinTech , the ripple effects may keep rippling. As reported in The New York Times and elsewhere, the extension may be voted on by Parliament to last a few months, or it may go toward the end of 2020. On a grander scale beyond FinTech, uncertainty has shown up in all sorts of ways.

Apple 116

Apple social media Fintech Lending 116

PYMNTS

MARCH 15, 2019

For financial services, and specifically for FinTech the ripple effects may keep rippling. As reported in The New York Times and elsewhere, the extension may be voted on by Parliament to last a few months, or it may be go toward the end of 2020. It’s a form of “inward” investment, we might term it.

Apple 101

Apple social media Fintech Lending 101

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147

Fintech Strategy Leadership Lending 147

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 239

Community Bank Community Industry Texas 239

Independent Banker

DECEMBER 31, 2021

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). will continue its mission to fund microloans to new small businesses in New York City’s low-income neighborhoods, says president and CEO Carlos P.

Community Bank 144

Community Bank Community Lending Louisiana 144

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 70

San Francisco Lending New York City Online 70

Fintech Labs Insights

OCTOBER 6, 2015

Thinking Capital is the leader in the Canadian alternative lending space, leveraging technology to be at the forefront of the fintech industry. By combining their people and technology, Thinking Capital is transforming the way business owners get the capital they need to grow. thinkingcapital.ca | thinkingcapital.ca/blog

Software 12

Software Capital Compliance New York 12

Fintech Labs Insights

AUGUST 12, 2016

If unanimously positive perceptions are the hallmark of a bubble, then rest assured that the alt-lending market has moved past that stage. So if there’s no bubble in the alt-lending part of the fintech universe, should we fear a bust? Looking at the P2P lending market in the U.K., Fintech Advances in Asia.

Trends 12

Trends Lending Fintech blockchain 12

William Mills

AUGUST 17, 2016

Between September and October, we’ll see a host of new companies, ideas and innovation, and we’ll hear from the “experts” on those issues we need to pay attention to in 2017. Alternative lenders are learning more about fraud to their dismay and access to capital. The best quote I’ve heard recently is, “Anyone can lend money.

Conference 40

Conference Innovation Las Vegas Colorado 40

Let's Talk Payments

APRIL 12, 2016

The 3D FinTech Challenge is a seven-week, immersive accelerator program designed to empower and accelerate technological innovation within financial services. It is a key element of Dassault Systèmes’ drive to.

Innovation 40

Innovation Fintech Industry Technology 40

CB Insights

DECEMBER 4, 2019

In parallel, Amazon has made several fintech investments, mostly focused on international markets (India and Mexico, among others) where partners can help serve Amazon’s core strategic goal. This report is a collection of everything we know about Amazon’s foray into banking, financial services, and fintech. Amazon Payments.

Cards 101

Cards Lending Strategy US 101