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Anti-Bias Lending Software Developer Zest AI Lands $15M

PYMNTS

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.

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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

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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Fintech Deals to Watch: Growing in the Digital World

Gonzobanker

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades. According to CB Insights, US fintechs raised $14.6B

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4 Sure Signs Your PPP Loan Will NOT Be Forgiven

Abrigo

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.

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OnDeck Share Price Plunges With Slowing Growth

PYMNTS

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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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

The SBA offers the “three Cs” to help aspiring entrepreneurs start up and scale up by making counseling available, providing more choices and chances to secure capital, and by helping them seize market opportunities to commercialize their ideas.

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Can A Poverty-Fighting Tool In Bhopal Work For Customers In Brooklyn?

PYMNTS

“In Bangladesh, a $100 loan can be life-changing – in Los Angeles, that isn’t funding enough to think about starting a business,” she said. “So That’s a mistake, because we’re seeing these women have the potential to serve as powerful economic engines in their communities, and access to capital has the power to unlock that.”.

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