Bank Innovation
MARCH 8, 2016
FinTech Acquisition Corp., created to acquire a fintech company, has fulfilled its mission. The Philadelphia-based company announced yesterday it would acquire CardConnect, a payments processing platform. CardConnect is currently majority owned by FTV Capital, a growth equity investor in payments companies.
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.
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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: Philadelphia, Pennsylvania. Source: Crunchbase. Latest round: $3.03
Fintech Labs Insights
AUGUST 20, 2015
Fintech funding records continue to fall. Capital Match. Drip Capital . HQ: Philadelphia, Pennsylvania. The post Fintech Fundings: 25 Companies Raise $1.6 Last week was the record number of deals, with 27. This week it was the biggest total dollars raised at $1.63 billion, from 25 companies. HQ: Owasso, Oklahoma.
Fintech Labs Insights
SEPTEMBER 30, 2016
Based in Conshohocken, Pennsylvania, with an office in San Diego, California eMoneyAdvisor was named one of the Best Places to Work in Philadelphia by the Philadelphia Business Journal. and one of the Best Places to Work in San Diego by the San Diego Business Journal. trillion in assets.
Independent Banker
JUNE 30, 2022
So, when the community bank’s leadership learned of a fintech that needed a bank partner to launch a credit-building tech product, they were intrigued. That meeting four years ago led to the launch of Lead Bank’s Credit Builder Account program, which is accessed through an app developed by Self Financial, a fintech. Philadelphia.
Independent Banker
APRIL 30, 2022
The Philadelphia Trust Company. Philadelphia. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. Capital Community Bank. A: We have been fortunate to develop deep partnerships with some great fintechs.
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