PYMNTS
AUGUST 2, 2020
needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched. That was it.
PYMNTS
JULY 13, 2020
Minneapolis-based buy now, pay later (BNPL) firm Sezzle has raised $55 million in its latest capital round, according to a press release. Sezzle was also approved for a lending license by California’s Department of Business Oversight (DBO) in January.
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PYMNTS
JULY 14, 2020
In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30 Leveraging Risk the Right Way.
American Banker
JUNE 5, 2020
As part of its commitment, the Minneapolis company said it will provide $100 million in capital to African American owned and operated businesses and organizations.
BankInovation
FEBRUARY 11, 2021
Bank Housing Capital Company, a division of U.S. The Minneapolis, Minn.-based Bank, went live today with an automated solution that allows it to better manage homebuilder construction loans. Already, the bank is thinking about expanding the tool to the broader commercial real estate platform.
PYMNTS
JULY 30, 2020
Sezzle , the Minneapolis-based installment-based payments platform, has announced the appointment of Reid Bork to its leadership team. Bork will spearhead Sezzle’s enterprise business development efforts, as the company focuses on client acquisition following its recent capital raise. The company offers U.S.
Gonzobanker
DECEMBER 17, 2021
Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Acronym of the Year. Has to be M-O-E.
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