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South Korea's Digital Kakao Bank Prepares For IPO

PYMNTS

Kakao Bank is one of only two digital banks in the country and became profitable in 2019, according to Reuters, after less than two years of operation. The timing of the IPO hasn't been decided, although Reuters reported that analysts predict it will happen in the second half of 2021. billion).

Samsung 243
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Sizzle Or Fizzle: Walmart Pays Pays Off, Marketplace Lending Falls Off

PYMNTS

SMB Working Capital. Amex threw its hat into the online lending ring earlier this week when it announced that it will launch a program later this year that will extend lines of credit from as little as $1K to as much as $750K for qualified SMB borrowers. Investor Confidence In Marketplace Lending. Next time, guys? Woot, woot!

Lending 101
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Bank Of America’s Corporate Banking Lead To Depart

PYMNTS

The departure will conclude nearly seven years in the position for Meissner, who spearheaded a “reshaping” of corporate and investment banking operations following its merger with Merrill Lynch post-financial crisis. The unit handles the bank’s corporate lending, M&A advisory services and capital raising operations.

America 135
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SoftBank, Paytm To Launch Digital Payment Service In Japan

PYMNTS

It also has to contend with competition from PayPal, Ant Financial and Tencent, as well as Apple and Samsung Electronics. The idea is to expand into financial services, including lending and insurance, within the payment platform.

Payments 100
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Community banks are thriving in Texas

Independent Banker

Samsung plans to build a $17 billion chip plant in town about 30 miles away from its existing facility in Austin. ANB does “traditional lending in every aspect,” Edlund says, but commercial loans make up the majority of its loan portfolio. These include family-owned businesses, community businesses and operating companies.

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Warehouse Robots, AltFin And Cybersecurity Top B2B Funding

PYMNTS

million from Iris Capital, while existing backers 360 Capital Partners and Breega also participated. Exotic Solutions offers eCommerce businesses its Skypods robots, using automation to transport products in warehouses to human operators. Another India alternative lending startup, AYE Finance, raised $21.5 AYE Finance.

Analytics 100
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Social Capital Teardown

CB Insights

This teardown features annotations & commentary by four Social Capital partners. Thanks to the Social Capital team for updating/confirming their portfolio data on the CB Insights Editor. Social Capital is a VC fund with a focus on healthcare and education. CB Insights Note. Investment syndicates. BEST OF DISRUPTION REPORT.

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