PYMNTS
OCTOBER 20, 2020
Zest AI , which is developing software that it claims will help wring the bias out of lending, just got a multimillion-dollar vote of confidence. Zest contends that its fair lending software can significantly boost loan approvals while also reducing the level of risk. Zest on Tuesday (Oct.
PYMNTS
JANUARY 7, 2021
7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S.
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PYMNTS
SEPTEMBER 17, 2020
The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Mastercard said it will invest $500 million in Black communities across the U.S. This is a time for action. Louis and Dayton, Ohio.
PYMNTS
JULY 20, 2018
That includes the total amount of fees they would have to pay, total amount of funds and the “estimated annualized cost of capital.” ” The publication likened the disclosure requirements to existing rules that require consumer lenders to disclose APRs under the federal Truth in Lending Act and Regulation Z.
Gonzobanker
DECEMBER 8, 2021
Mark Cuban is tweeting about Jill Castilla’s fintech efforts with lending system startup Teslar. In a zeitgeist moment of what is happening in payments market disruption, the Los Angeles’ Staples Center was renamed Crypto.com Arena. Fintech investing has gained near sport status. OK, me neither.
Abrigo
APRIL 30, 2020
You have ample access to capital markets or substantial market value. Companies like Ruth’s Chris, Shake Shack, and the Los Angeles Lakers secured millions in the first round of PPP loans, but now they’re returning the funds – or they could face other consequences beyond simply paying back the loan.
PYMNTS
FEBRUARY 24, 2016
These companies have been valued as if there’s really no credit risk or capital-markets risk whatsoever. With the troubles that OnDeck (and LendingClub) have face – some of the 200 or so alt lending start-ups in the market are rethinking IPOs. I think that’s what changed.”. percent t0 5.9
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