PYMNTS

DECEMBER 19, 2018

Square said it’s going to resubmit the necessary paperwork with state and federal regulators to start a bank in Utah, which could happen as soon as Wednesday (Dec. The bank will be led by Lewis Goodwin, a former executive at Green Dot, and capitalized with $56 million from Square. There won’t be any actual brick-and-mortar branches.

San Francisco 165

San Francisco Utah Capital Regulation 165

PYMNTS

JULY 14, 2020

Utah-based FuturePay has consistently appeared in PYMNTS’ top 5 alternative credit apps, with its offer of flexible monthly payments for consumers and up-front settlement for merchants. Klarna also launched its new “Klarna: Swedish for smooother shopping” campaign in June.

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

MAY 4, 2016

The biggest individual cut will be a Utah office dedicated to lending for medical procedures, but 14 percent of Prosper’s San Francisco- and Phoenix-based workforce is also on its way out the door. According to Wall Street Journal reports, the online lender is shedding 28 percent of its staff and rearranging its executive team.

San Francisco 100

San Francisco Phoenix Utah Lending 100

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Business lending and corporate cards. Most recently, Stripe has launched a Corporate Card and a Lending product geared towards small businesses.

Online 98

Online Company Retail Payments 98

PYMNTS

OCTOBER 17, 2017

All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active. As we scale, it’s becoming increasingly important that we have direct relationships with regulators,” said Jacqueline Reses, who leads Square Capital and will be the chairman of the bank.

Industry 108

Industry Fintech FDIC Community Bank 108

Gonzobanker

DECEMBER 17, 2021

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. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.

Fintech 142

Fintech Strategy Leadership Lending 142

Fintech Labs Insights

JULY 12, 2016

Financing solutions for retailers & manufacturers. HQ: Salt Lake City, Utah. Kikka Capital. Alt-lending. Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing. Source: Crunchbase. Latest round: $13 million Series B. Total raised: Unknown. HQ: Austin, Texas. Source: Crunchbase.

New York City 12

New York City Company Fintech San Francisco 12