PYMNTS

APRIL 13, 2018

Small business lending platform Kabbage is making plans to acquire Orchard Platform Markets, a provider of lending data and services. Founded in 2013, New York-based Orchard initially provided Wall Street firms with data on the marketplace lending sector. Both companies declined to comment. billion.

Lending 108

Lending Data Marketing New York 108

PYMNTS

JANUARY 29, 2020

Borrower protection initiatives have taken aim at predatory lenders, both online and brick-and-mortar, with legislators at the state and federal levels addressing concerns that include a lack of transparency and sky-high fees and interest rates. small businesses had sought a loan online, compared to just 19 percent that did so in 2017.

Lending 136

Lending New York Online New Jersey 136

PYMNTS

APRIL 26, 2017

Online lending as a business model has taken some lumps over the last several months, with Lending Club (and investors) only the most visible casualty of alleged fraud. As for questions surrounding the viability of these online lending platforms, as posited by Webster, Moore said the model exists as one that is here to stay.

Lending 101

Lending New York City Online Fraud 101

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.

Lending 116

Lending Security Philadelphia Dallas 116

PYMNTS

SEPTEMBER 17, 2020

The company has talked with potential investors for an IPO that could come later this year, the sources told the news outlet. “We We continue to evaluate capital options and are excited about our industry position,” CEO Anthony Hsieh told Bloomberg.

San Francisco 160

San Francisco New York Lending California 160

PYMNTS

DECEMBER 13, 2019

Venture capital (VC) is far from the only funding source for B2B FinTechs. Despite a growing array of options, venture capital remains a solid funding source for B2B FinTechs, with this week’s roundup accumulating $104.4 The solution provides a short-term working capital solution by financing unpaid invoices at a discount.

New York 130

New York Capital Fintech Leadership 130

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. In May, the New York-based FinTech cut a deal with payments platform Stripe , giving consumers more credit to access at checkout. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. For an analysis of the DFS lawsuit, click here.). In her remarks and responses to questions, Ms.

Policies 60

Policies Lending Data Online 60

PYMNTS

SEPTEMBER 20, 2018

Peer-to-peer (P2P) lending in China is not for the faint of heart — and that’s putting it lightly. Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. Swimming against that tide is China-based P2P lending provider X Financial.

US 166

US Lending New York Cards 166

PYMNTS

APRIL 22, 2019

Might banks be making inroads into the hearts and minds of smaller firms as they seek out capital – as some SMBs cite at least some dissatisfaction with non-banking lending conduits? Drilling down a bit further, about one third sought financing from online lenders in 2018, up from 24 percent in 2017.

Study 122

Study Lending Online Survey 122

PYMNTS

SEPTEMBER 19, 2017

Online lender and tech startup Social Finance (SoFi) made recent news when its chief executive officer, Mike Cagney, stepped down following a lawsuit regarding claims of sexual harassment. billion | Total venture capital funding raised by investors like Baseline Ventures, Discovery Capital and SoftBank.

Data 100

Data New York Capital Lending 100

PYMNTS

AUGUST 11, 2017

“[Access to credit] is especially critical to these young firms who need funds to weather initial costs and grow,” Claire Kramer Mills, an assistant vice president at the Federal Reserve Bank of New York, said in a statement. Nature abhors a vacuum, and commerce has similar feelings. And they did. The Path to a Consignment Powerhouse.

Lending 117

Lending Capital Video Online 117

Bank Innovation

SEPTEMBER 6, 2019

As banks increasingly take transactions to digital channels, the process to acquire customers also is shifting online thanks to technology that matches product offers to customers based on data. This week, the New York-based company confirmed a $25 […].

New York 170

New York Online Data Technology 170

PYMNTS

SEPTEMBER 18, 2018

In the last three years, ADGM has been building a globally connected platform to support financial intermediation and facilitate capital flows for all companies, including startups and [small- to medium-sized enterprises (SMEs)],” ADGM Chairman Ahmed Al Sayegh said. While In New York, New York….

Fintech 166

Fintech New York US National 166

PYMNTS

MARCH 31, 2020

COVID-19 is spurring firms that rely on consumer spending, and on lending to finance big-ticket purchases, to invent new ways to keep business flowing – with a nod to the fact that the uncertain economic impact of the virus may hurt consumers’ near-term ability to pay for those items. Necessity, as they say, is the mother of invention.

Houston 141

Houston Lending New York Examples 141

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

DECEMBER 7, 2020

In only the latest salvo, online payments firm Paysafe announced plans on Sunday (Dec. Paysafe plans to go public on the New York Stock Exchange with a $9 billion listing. 6) to go public via a SPAC named Foley Transimene Acquisition Corp II. And as reported by CNBC Monday (Dec.

Online 161

Online Marketing New York Report 161

Bank Innovation

JANUARY 10, 2018

New York-based fintech YieldStreet has raised $116 million in debt and equity financing to further expand the loans it offers on its platform, Bloomberg reported today.

New York 268

New York Fintech Report Company 268

Bank Innovation

DECEMBER 6, 2017

The New York-based Hypr announced today that it received an additional $2 million on a Series A funding, first announced in October 2017. Today’s round was led […].

New York 284

New York Technology Online Capital 284

PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Capital 108

Capital Analytics San Francisco Lending 108

PYMNTS

FEBRUARY 7, 2020

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

Austin 131

Austin Lending Omaha New York City 131

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. LENDING VERTICALS. Consumer Lending.

Conference 60

Conference Lending Community Bank Community 60

PYMNTS

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

JUNE 17, 2019

The proposal was met with early backing from the banking, FinTech and alternative lending community. American Bankers Association President and CEO Rob Nichols applauded the idea in 2016, telling reporters that it would be a way to provide federal oversight of online lenders.

Google 142

Google National Fintech Regulation 142

Abrigo

JANUARY 22, 2015

Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent). While the approval rates are high and portfolios are expanding, the OCC did point out that lending standards continued to soften.

Community Bank 150

Community Bank Community Regional Cleveland 150

Independent Banker

DECEMBER 29, 2015

ICBA warns of risks of online marketplace lending models. Online marketplace lenders are a new form of nonbank specialty lending that uses technology platforms to allow Wall Street and individual investors to directly fund loans to consumers and small businesses. Typical Practices of Online Lenders.

San Francisco 70

San Francisco Lending New York City Online 70

PYMNTS

MAY 27, 2016

SME Lending. The B2B venture capital roundup this week is flush with startups providing services to other corporates that, in one way or another, impact the business’ bottom line. Expensya provides expense management and accounting solutions for corporates to manage their online, mobile and cloud-based data. ” BigID.

Capital 100

Capital Management Taxes Security 100

American Banker

DECEMBER 9, 2016

OnDeck Capital, the New York-based online small-business lender, has obtained a $200 million revolving debt facility from Credit Suisse.

New York 28

New York Capital Online Lending 28

Independent Banker

DECEMBER 31, 2021

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). will continue its mission to fund microloans to new small businesses in New York City’s low-income neighborhoods, says president and CEO Carlos P.

Community Bank 144

Community Bank Community Lending Louisiana 144

CB Insights

DECEMBER 4, 2019

We will be updating this brief on an ongoing basis as more relevant data, investments, news, and products are released. Amazon is notorious for spreading its bets before going all-in on a new product, and the financial services space is no exception. Today, 22 Amazon Go stores are live in Seattle, New York, San Francisco, and Chicago.

Cards 101

Cards Lending Strategy US 101

PYMNTS

JANUARY 29, 2019

Founded in 2017 as an online learning startup, Lambda has caught the attention of some big names in venture capital. As of early January the firm has snapped up $30 million in new funding from the likes of Geoff Lewis, the founder of Bedrock, along with Google Ventures; GGV Capital; Vy Capital; and Y Combinator.

America 116

America Study Capital New York 116

Fintech Labs Insights

OCTOBER 22, 2015

Online SME lender OnDeck has announced a significant expansion of its product line for small businesses. ” Pictured (left to right): Miranda Lanzillotti, Marketing Communications Manager, and Pamela Rice, Senior Vice President of Technology, for OnDeck, discussing lending APIs at FinDEVr 2014.

Lending 12

Lending San Francisco New York City New York 12

CB Insights

OCTOBER 10, 2017

Those investing in the region include China’s tech giants , the region’s conglomerates owned by some of the region’s richest families, and venture capital funds. In the past year, several new funds have also entered the arena specifically targeting the region. Insignia Venture Partners. Vertex Ventures. hubert burda.

Regional 73

Regional Capital New York Management 73

Fintech Labs Insights

JULY 27, 2016

Our FinDEVr New York developer showcase was a success! The latest from FinDEVr New York 2016 presenters. Espresso Capital features Outside IQ’s creativity in raising capital. Kabbage turns to Marketo for new marketing solutions. Stay current on daily news from the fintech developer community!

New York 12

New York Google Regional Capital 12

CB Insights

APRIL 17, 2018

For the third consecutive year, we worked with The New York Times to identify and rank the top 100 venture capital professionals from around the globe. Below are the detailed profiles of the Top 20 Venture Capital Partners. PROFILES OF THE TOP 20 VENTURE CAPITAL PARTNERS. Current Firm: Sequoia Capital.

San Francisco 71

San Francisco CA Capital Operations 71

Fintech Labs Insights

JUNE 29, 2016

Our FinDEVr New York developer showcase was a success! Avalara Adds New Stripe Integration, Earns Dual Honors at American Business Awards. The latest from FinDEVr New York 2016 presenters. Major update to Xero’s online invoicing technology to help businesses avoid phishing scams. Register today and save.

New York 17

New York Lending Fintech Community 17