PYMNTS

MAY 4, 2016

With the recent tightening of the capital markets, we are refocusing on our core consumer loans business,” he said. 40 million | What Prosper paid to acquire medical-lending firm American Healthcare Lending LLC and personal-finance startup Billguard Inc. The firm also racked up $26 million in losses.

San Francisco 100

San Francisco Phoenix Utah Data 100

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

Bobsguide

FEBRUARY 22, 2022

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

Software 78

Software Wyoming Idaho Nevada 78

PYMNTS

JUNE 13, 2017

Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. The services of the new SoFi bank will be pitched largely at SoFi’s current customers on the start-ups lending platform. SoFi has confirmed the news. The bank will offer no other products and services.”.

FDIC 100

FDIC Utah Millennials ATM 100

PYMNTS

NOVEMBER 6, 2019

“I think if you look at the economic environment,” Nayar noted, “you see the Fed is cutting the rate, but the banks aren’t cutting rates on credit cards, so the spread between credit card lending and personal loans has never been bigger.”.

San Francisco 100

San Francisco Utah Trends Cards 100

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

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

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 148

Fintech Strategy Leadership Lending 148

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

Fintech Labs Insights

MAY 12, 2021

CAN Capital. Lighter Capital. Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. HQ: Salt Lake City, Utah. CAN Capital. Lighter Capital. 1,050,000. SmartBiz Loans. 1,350,000. 1,200,000. Biz2Credit. Fundera (NerdWallet). Camino Financial. Fund that Flip. HoneyComb Credit.

Atlanta 15

Atlanta Utah DC Detroit 15

MyBankTracker

MAY 22, 2020

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. Unlike Oportun, traditional lenders usually look at your credit score when making a lending decision. Designed for borrowers with no credit.

Idaho 52

Idaho Lending Alabama Wisconsin 52

Fintech Labs Insights

NOVEMBER 19, 2021

CAN Capital. Lighter Capital. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. CAN Capital. Lighter Capital. HQ: Salt Lake City, Utah. Fundera (NerdWallet). Biz2Credit. It’s a work in progress, so expect changes in the formula. Rank (by FAB score). HQ: Toronto.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

CAN Capital. Lighter Capital. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. CAN Capital. Lighter Capital. HQ: Salt Lake City, Utah. Fundera (NerdWallet). Biz2Credit. It’s a work in progress, so expect changes in the formula. Rank (by FAB score). HQ: Toronto.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

CAN Capital. Lighter Capital. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. CAN Capital. Lighter Capital. HQ: Salt Lake City, Utah. Fundera (NerdWallet). Biz2Credit. It’s a work in progress, so expect changes in the formula. Rank (by FAB score). HQ: Toronto.

Atlanta 15

Atlanta Utah Miami DC 15

Filene

MARCH 4, 2016

Local Host: Utah Credit Union Association. QCash - An omni-channel lending solution that offers relationship based underwriting (without credit check) to members in search for small, short-term unsecured loans. It was also a great forum for the Coast Capital team to engage with peers within the organization and across the industry.

social media 28

social media Utah Innovation Digital Strategies 28

Fintech Labs Insights

NOVEMBER 30, 2015

Finovate alum Lighter Capital had the second-biggest round this week raising $9 million in equity and announcing a loan-funding commitment of $100 million (not included in fundraising totals). Lighter Capital. Mortgage lending platform. Alt-lending platform. Lending portal. HQ: Salt Lake City, Utah.

Company 12

Company Fintech San Francisco Lending 12

Fintech Labs Insights

JUNE 16, 2016

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: Lehi, Utah.

San Francisco 12

San Francisco Company South Carolina New York City 12

Fintech Labs Insights

JANUARY 18, 2016

Online consumer lending. HQ: Provo, Utah. Person-to-person small biz lending platform. Startup capital raising platform. Multi-family lending management. Tags: Consumer, credit, lending, loans, underwriting, investing, P2P, student loans. Source: Finovate. Person-to-person lender. HQ: Bejing, China.

Company 12

Company New York City Fintech San Francisco 12

Fintech Labs Insights

JUNE 1, 2015

LoanNow combines more than a decade of experience in lending, top engineering talent (“most of our team is ex-Amazon” the LoanNow team tells me), and a fresh approach to managing risk to provide better loan programs to the subprime borrowing population. . “Lending is risk-based.” ” Langenberg explained.

San Jose 12

San Jose Missouri Utah Groups 12

Fintech Labs Insights

FEBRUARY 2, 2021

Divvy : Two Utah companies became unicorns this month. MX : The second Utah unicorn of January, MX needs no introduction if you’ve ever attended or followed Finovate. But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. Personal Capital. Full Fintech Unicorn List.

United States 15

United States Fintech Utah Lending 15

Fintech Labs Insights

JULY 12, 2016

HQ: Salt Lake City, Utah. Kikka Capital. Alt-lending. Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing. Total raised: Unknown. HQ: Austin, Texas. Source: Crunchbase. Lease-to-own financing platform. Latest round: $12.5 Total raised: $12.5 HQ: New York City. Source: FT Partners. million Seed.

New York City 12

New York City Company Fintech San Francisco 12

Fintech Labs Insights

FEBRUARY 2, 2021

Divvy : Two Utah companies became unicorns this month. MX : The second Utah unicorn of January, MX needs no introduction if you’ve ever attended or followed Finovate. But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. Personal Capital. Full Fintech Unicorn List.

United States 15

United States Fintech Utah Software 15

Lex Sokolin

SEPTEMBER 23, 2020

To the extent it pipes people to banking product, that goes to a $500 million market capitalization public company that makes prepaid cards. Instead, it is replacing payday lending as an industry. Just referring customers to capital sources. But Chime is even further removed from any actual capital. No shenanigans.

Capital 52

Capital Software Lending Apple 52

Independent Banker

OCTOBER 31, 2022

billion-asset Sunwest Bank in Sandy, Utah. In addition, AI enabled Sunwest to pursue its specialty of solar lending. For example, Gopal says there is a growing focus on automated lending. Leverage the technology to free up human capital by spending less time sorting through data,” says Hovde.

Community Bank 91

Community Bank Community Customer Experience Data 91

Fintech Labs Insights

APRIL 30, 2015

Sneak Peek Part 7: Avoka, CBW Bank, Cloud Lending Solutions, Context Relevant, Dealstruck, DriveWealth, Dwolla, Dynamics, Encap Security, EyeBuy, FIS Mobile, Kabbage, Knox Payments, Lending Tree, LendKey. Finaeos automates the back-office and capital raise compliance. HQ: Salt Lake City, Utah. See you in San Jose!

San Jose 12

San Jose Las Vegas California Tucson 12

PYMNTS

MAY 16, 2019

They have dubbed the bank as a purveyor of “corporate welfare” and “crony capitalism,” Reuters reported. According to Senator Mike Lee from Utah, the bank unfairly favors the wealthiest exporters without the ability to support companies most in need of such export support. “Not having U.S. .

US 128

US Alabama New Jersey Utah 128