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.

Minneapolis 173

Minneapolis Denver New York Capital 173

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 2 Reports that assess capital, growth, and liquidity provide banking professionals data to drive decisions. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

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. The move comes in the face of growing evidence that the loans they have sold and secured have not quite performed up to par. The Coming Risk Assessment Reset.

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. Securities and Exchange Commission (SEC).

San Francisco 160

San Francisco New York Lending California 160

PYMNTS

SEPTEMBER 4, 2020

The company said it would use the investment to expand its product features with a focus on its automated lending infrastructure, and noted it will now include ACH processing in its offering. Honcho plans to deploy the investment towards new hires and invest in its product roadmap.

New York City 151

New York City Capital Colorado Software 151

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

AUGUST 5, 2020

Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. billion and offered 150 million shares for $20 to $22 each, according to a filing with the Securities and Exchange Commission (SEC). Last month, Gilbert sought an IPO for $3.3 which is owned by Gilbert.

Cleveland 233

Cleveland Detroit New York Company 233

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

SEPTEMBER 27, 2020

Lightyear Capital , the New York-based private equity firm working in the fields of financial services, has established ProfitSolv to acquire integrated solutions for billing, payments and software services, a press release says.

Payments 160

Payments Software New York Capital 160

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

PYMNTS

DECEMBER 13, 2019

Traditional bank loans remain the undisputed leader in small business lending. by regulatory initiatives (designed to spur competition in small business banking, open up the market to new challenger banks and support marketplace lending platforms), the bank loan is often the first place small business owners look when in search of capital.

Capital 132

Capital Lending Strategy Community 132

PYMNTS

AUGUST 7, 2020

following its debut on the New York Stock Exchange on Thursday (Aug. the Detroit-based parent of mortgage lending giant Quicken Loans, reduced its bid to go public to $2 billion. Shares of Rocket Cos. percent to $21.51 6) under the ticker “RKT,” after opening at $18.00 a share, the same as its IPO price. “If On Wednesday (Aug.

Detroit 160

Detroit Wisconsin New York Company 160

PYMNTS

JUNE 18, 2019

The New York state legislature will rule this week whether to move forward with a borrower protections bill for small businesses (SMBs), as allegations of predatory practices by merchant cash advance firms raise new concerns about mistreatment of small business borrowers, The Washington Post. Earlier this year, the U.S.

New York 118

New York Washington Industry Capital 118

PYMNTS

SEPTEMBER 28, 2020

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

San Francisco 139

San Francisco New York City Houston Dallas 139

PYMNTS

JANUARY 23, 2019

In a press release issued Tuesday, Swift Prepaid said it will integrate its prepaid services to enable Bitty small business customers immediate access to virtual funds after they secure a merchant cash advance. The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay.

Samsung 162

Samsung New York Branding Apple 162

PYMNTS

DECEMBER 15, 2017

By now, the alternative lending market is hardly new, and investor appetite for startups in the space seems to have waned. This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. SMB Finance.

Fraud 115

Fraud Capital New York City Lending 115

PYMNTS

AUGUST 11, 2017

According to a report by the country’s 12 regional Federal Reserve banks, over half of all startups report difficulty in securing loans, and 81 percent report having had to dip into their personal funds to cover gaps in their corporate cash flow. We heard about Working Capital and called PayPal,” Lightman said. And they did.

Lending 117

Lending Capital Video Online 117

PYMNTS

MAY 31, 2019

Speaking at an investors conference in New York, the executive said he was “not convinced” that faster payments “are going to take off like crazy. The company said it hired an independent security forensic company to make sure there wasn’t access to sensitive customer data. PayPal Hits $10B SMB Lending Milestone.

Lending 122

Lending Payments Apple social media 122

PYMNTS

APRIL 28, 2017

Good news emerged from the U.S. venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 billion, found a new report from KPMG. Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. According to KPMG’s U.S.

Fintech 192

Fintech San Francisco Capital Software 192

PYMNTS

NOVEMBER 22, 2019

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Venture Capital Funding. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Funding Xchange secured $10.3 Also in the U.K.,

Strategy 109

Strategy Fintech Capital Lending 109

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

APRIL 8, 2016

The alternative lending boom of yesteryear secured impressive amounts of attention, and dollars, from venture capitalists towards the FinTech startup industry. It means investors have quieted their funding via venture capital and IPO backing. Alternative Lending. Liwwa, based in Jordan, just secured $2.3

Fintech 100

Fintech Software Capital Lending 100

PYMNTS

OCTOBER 17, 2017

According to news from Reuters , this latest round was led by Jefferson River Capital, LLC, the family office of Tony James, president and chief operating officer of private equity firm Blackstone. Its clients include Australian Securities Exchange, which is also an investor, and the Depository Trust & Clearing Corporation.

blockchain 100

blockchain New York Maine Groups 100

PopularBank

OCTOBER 2, 2020

To meet these needs, our team worked around the clock to effectively issue both Small Business Administration Paycheck Protection Program (PPP) loans and Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery grants to provide critical relief. I am proud to share that Popular, Inc.

Community 98

Community New York New Jersey Meeting 98

PYMNTS

MAY 27, 2016

Some focus on specific verticals, like restaurants; Some take unique routes to enterprise security, from password management to email protection. 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.

Capital 100

Capital Management Taxes Security 100

CB Insights

OCTOBER 21, 2018

Top VC Investor: Ribbit Capital is the top investor in Fintech 250 companies, having backed companies on the list including new 2018 unicorns, Nubank, Revolut, and PolicyBazaar as well as returning Fintech 250 companies Robinhood , Wealthfront , Gusto , Coinbase , Cross River Bank , and Upgrade. Business Lending & Financing.

Fintech 78

Fintech Lending Capital Analytics 78

Abrigo

APRIL 28, 2016

This year’s National Small Business Week , themed “SBA: Dream Big, Start Small,” will include special events in Atlanta, New York, Denver, Phoenix, San Jose, Oakland and Washington, D.C. Capital: SBA fills gaps in the commercial lending marketplace so success in the small business sector is based on merit, not family wealth.

National 150

National San Jose Los Angeles United States 150

PYMNTS

MAY 28, 2019

The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

JULY 6, 2020

Researchers found that furloughed employees are widely reporting that their bosses have asked them to continue to conduct their normal work duties despite being furloughed in order for their employers to secure funding. companies between April and May this year , Abnormal Security data revealed, according to Helpnet Security reports. .”

Fraud 148

Fraud Missouri California Report 148

PYMNTS

APRIL 20, 2018

It used to be that when “Goldman Sachs” was mentioned, it was in the context of the storied Wall Street investment banking firm trading and underwriting securities, advising on mergers and acquisitions, taking companies public and brokering deals. Not so much anymore. The Big Bet on Consumer Services. The Dip into Commercial Banking.

New York 101

New York Lending Tools Boston 101

Independent Banker

JULY 30, 2015

In New York, IBANYS plays creative offense and strong defense on several issues. The Independent Bankers Association of New York State has been actively advocating for several initiatives to enhance community banking and the communities and customers our members serve. By John Witkowski. 4785 and A.

Community Bank 70

Community Bank New York Community Taxes 70

Fintech Labs Insights

APRIL 27, 2016

This week, small business lender Mayava Capital honored the most influential people in small business lending in its Marketplace Lending Power 20 awards. The recipients in order of rank: Lending Club CEO & Founder, Renaud Laplanche. OnDeck Capital CEO, Noah Breslow. Took the company public in 2014.

Lending 12

Lending San Francisco Utah Capital 12

PYMNTS

AUGUST 29, 2016

The firm is in expansion mode around the world, and the service is widely imitated, largely beloved by its users and, at this point, finds itself pretty securely positioned at the top of the ridesharing heap. For a private business to raise as much capital as Uber has been able to is unprecedented.”. Business is brisk and booming.

Cards 101

Cards Capital Louisiana Lending 101

Fintech Labs Insights

OCTOBER 6, 2015

Thinking Capital is the leader in the Canadian alternative lending space, leveraging technology to be at the forefront of the fintech industry. By combining their people and technology, Thinking Capital is transforming the way business owners get the capital they need to grow. thinkingcapital.ca | thinkingcapital.ca/blog

Software 12

Software Capital Compliance New York 12

CB Insights

FEBRUARY 20, 2020

Two of the most recent unicorns are vertical payments processor Flywire , which raised a $120M Series E from Goldman Sachs, Temasek, Tiger Global, and Adage Capital Management in February 2020 at a $1B valuation, and point-of-sale payments startup Pine Labs, which closed a corporate minority round from Mastercard in January 2020 to reach a $1.6B

Fintech 80

Fintech US Lending Cards 80

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

Independent Banker

MARCH 31, 2022

Treasurer Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D. At-large director Jill Sung (not pictured), President and CEO, Abacus Federal Savings Bank, New York City. Let’s hear from the executive committee members themselves about how—and why—they’re all in for community banking. Covington, Ind.

Community Bank 239

Community Bank Community Industry Texas 239