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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

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. Leveraging Risk the Right Way. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30

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2021 GonzoBanker Awards

Gonzobanker

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.

Fintech 147
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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

Kikka Capital. Alt-lending. P2P lending marketplace. Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing. Total raised: Unknown. HQ: Austin, Texas. Source: Crunchbase. Lease-to-own financing platform. Latest round: $12.5 Total raised: $12.5 HQ: New York City. Source: FT Partners. mPOS platform.

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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. The Tech Award – Goes to Capital One. Best of luck in the next chapter, Chris!

Idaho 148
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Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Labs Insights

Pearl Capital. Alt-lending marketplace for consumers. B2B ecommerece credit management. HQ: Minneapolis, Minnesota. Sentiment analysis for capital markets. Latest round: Unknown amount of new capital in Reverse IPO ($117 million value). Total raised: $30+ million. HQ: Surry Hills, Australia. million Seed.

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Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Labs Insights

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 FlexScore was bought by United Capital . P2P lending marketplace. Risk management and compliance software. HQ: Minneapolis, Minnesota.

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