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VCs Back Autobooks For SMB Banking

PYMNTS

FinTech Autobooks announced new funding to support its SMB banking solutions. The new funding also saw participation from CU Solutions Group, Baird Capital, Detroit Venture Partners and Invest Michigan, the company said, adding that the round follows its self-funded $2 million in seed financing. “We

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PayPal (Maybe) Pulls Ahead Of The SMB Lending Pack

PYMNTS

” Additional research examined the state of small business finance for Q1, revealing a healthy level of competition between traditional lenders and FinTechs like PayPal vying to capture more of the small business borrowing segment. . middle-market in the recently released Golub Capital Altman Index. 4 spots, respectively).

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Cash Flow Data Can Improve Credit Access with an UltraFICO® Score

FICO

What’s more, unlike some fintech initiatives that assess risk based on cash flow data alone, the UltraFICO® Score presents the best of both worlds, combining cash flow data with traditional data from consumers’ credit files, along with the odds-to-score ratio that lenders understand. In her role, Ms. Prior to joining FICO, Ms. See all Posts.

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The ICBA 22/23 executive committee is all in

Independent Banker

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 Doug Ouellette, Chief community banking officer, Mercantile Bank of Michigan, Grand Rapids, Mich. ICBA standing committee chairs (from left).

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Finie Gets Funding: AI Innovator Clinc Closes $6 Million Series A

Fintech Labs Insights

The round was led by Drive Capital and featured participation from Cahoots Holdings, Hyde Park Venture Partners, and individual investor Stuart Porter. Clinc’s total capital now stands at $7.75 Drive Capital co-founder and partner Mark Kvamme will join Clinc’s board of directors. million Series A round this week.

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SaaS Lands Biggest B2B FinTech Funding This Week

PYMNTS

The B2B FinTech investment space has been relatively slow in recent months, but U.S. million in venture capital — the most the industry has seen in a while. With $80 million in new funding, ServiceTitan also scored the largest venture capital fund of the week; ICONIQ led the Series B funding round, reports this week said.

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Quantopian Adds Chief Investment, Compliance Officers Ahead of Opening Fund to Public

Fintech Labs Insights

Meisner called it a “rare opportunity” and arrives at the company after serving as chief counsel and CCO for Boston-area alternative investors, RA Capital Management and Regiment Capital Advisors. Previous to this, Meisner spent four years as a Branch Chief for the SECs Division of Enforcement. The company has raised $23.8