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Lendio Has Facilitated More Than $500 Million In Small Business Loans

PYMNTS

Lendio , a free online service that helps business owners find the right small business loans within minutes, announced it has helped facilitate more than $500 million in financing to more than 21,000 small businesses across the U.S. “Lendio is proud of the impact that $500 million in business loans is having on the American economy.

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Fintech Fundings: 28 Companies Raise $400 Million Week Ending May 20

Fintech Labs Insights

Along with the usual payment and lending startups, two insurtech companies raised substantial rounds: Embroker ($12.2 Finovate alums accounted for 40% of the week’s dollar volume including: Personal Capital raised $75 million for its digital wealth management service. Personal Capital. HQ: Charlston, South Carolina.

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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Online marketplace for real estate investing. HQ: Charleston, South Carolina. Online consumer lending. Person-to-person small biz lending platform. Startup capital raising platform. Multi-family lending management. Tags: SMB, capital, crowdfunding, equity, investing. Source: Crunchbase.

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We analyzed 7 of the fastest-growing personal finance apps of all time to figure out the secrets to their success — here’s what we learned

CB Insights

A host of startups have emerged to capitalize on this trend. For three of the tools we looked at — Mint, Level Money, and Check — we studied how their product evolved all the way up to their acquisition (by Intuit, Capital One, and Intuit, respectively). In aggregate, they command $1.3 trillion in annual spending.

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