Gonzobanker
AUGUST 11, 2020
It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. They primarily support – don’t compete with – federally insured bank lending. or 26X revenue but quickly doubled in the market. mortgage market.
PYMNTS
JULY 7, 2020
After industry consolidation and a leveling-out of venture capital interest, alternative SMB lending remains a strong market, though just like traditional banks, it has also faced new lessons as a result of the current market. “It comes in waves, there’s no doubt about it,” he said about the alt-lending boom.
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Gonzobanker
SEPTEMBER 10, 2019
Still to be sorted out are overlaps between Infinity and Kony’s UI/UX assets. For Kony clients, the Temenos deal eliminates the distraction that could have been associated with an IPO and provides a strong, well-capitalized parent.
Fintech Labs Insights
MAY 16, 2017
Less than a month after announcing its new $105 million SoFi Prime Income Fund to help raise funds to issue loans, online lending innovator SoFi is making headlines again with the launch of SoFi Wealth. The presentation focused on how Quovo developed a bank authentication API for SoFi that both improved security and streamlined UX.
Tefkin
MARCH 12, 2014
In the last years, most of the focus on innovation in financial services has been, it seems, on banking (investing and lending) and payment. In an insurance world, there is a conflict between the requirements of the underwriting algorithm for being able to price the premium and the optimal UX for users to be able to obtain a product.
Fintech Labs Insights
JULY 12, 2016
Kikka Capital. Alt-lending. P2P lending marketplace. 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. mPOS platform.
FICO
FEBRUARY 12, 2023
The business model here needs to focus on a strategy that balances lending growth while keeping risk in check. Small UX improvements (like real-time address lookup) can have a big impact on customer experience. In fact, thoughtfully designed points of friction can be extremely valuable for managing risk and making customers feel safe.
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