Capital Fintech Lending Samsung 
PYMNTS
JANUARY 7, 2021
Silicon Valley startup Social Finance (SoFi) is closing a merger deal with blank-check firm Social Capital Hedosophia Holdings Corp. Social Capital Hedosophia is one of three special-purpose acquisition companies (SPACs) on the lookout for investment opportunities. V to file an initial public offering (IPO). . billion in cash proceeds.
PYMNTS
DECEMBER 17, 2020
In addition, Kakao Bank had rapid lending growth, higher net interest margins and more efforts to increase the proportion of low-cost deposits, according to Samsung Securities analyst Kim Jae-woo, quoted by Reuters. Kakao Pay , the FinTech arm of Kakao Corp. with over 34 million users, is also seeking an IPO, PYMNTS reported.
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PYMNTS
MARCH 4, 2020
China’s Ant Financial has acquired a minority stake in the Swedish split payments FinTech Klarna for an undisclosed sum, Klarna announced on Wednesday (March 4). Klarna, Europe’s most valuable FinTech, was founded in 2005 and has financial backers that include the rapper Snoop Dogg, who is also part of the company’s marketing.
PYMNTS
JANUARY 23, 2019
The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay. “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.
PYMNTS
JULY 8, 2016
SMB Working Capital. Amex threw its hat into the online lending ring earlier this week when it announced that it will launch a program later this year that will extend lines of credit from as little as $1K to as much as $750K for qualified SMB borrowers. Investor Confidence In Marketplace Lending. Next time, guys? Woot, woot!
CB Insights
SEPTEMBER 10, 2020
After a difficult first quarter, fintech funding rebounded in a big way in Q2’20. Free Download: State of Fintech q2’20. Fintech funding rebounded in Q2’20 but deal activity continues to fall. Below, we answer some of our readers’ most pressing questions from the webinar on the state of fintech. First name.
CB Insights
AUGUST 1, 2017
This teardown features annotations & commentary by four Social Capital partners. Thanks to the Social Capital team for updating/confirming their portfolio data on the CB Insights Editor. Social Capital is a VC fund with a focus on healthcare and education. As in all teardowns, the data analyzed comes from CB Insights.
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