Remove Capital Remove Online Remove Operations Remove Utah
article thumbnail

Surprise Outcomes Edition: Cybercrime, Student Loans And CAN Capital

PYMNTS

But the world is full of unexpected costs — just ask the team at CAN Capital. CAN Capital, the small business online lender, has announced that its CEO is on a leave of absence. Ritesh Gupta, previously the chief customer operations officer, was promoted to chief operating officer.

Capital 100
article thumbnail

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SoFi Officially Files For A Bank Charter Of Its Own

PYMNTS

Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. And though its mailing address will be in Salt Lake city, SoFi will continue to operate as it has since its inception — as an online-only institution, with no branches or deposit-taking ATMs. SoFi has confirmed the news.

FDIC 100
article thumbnail

Funding Lands T&E Firm TripActions $4B Valuation

PYMNTS

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Lulalend lends directly to SMBs that can apply online, with an automated approval process accelerating access to capital.

Capital 108
article thumbnail

Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

PYMNTS

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
article thumbnail

15 Early-Stage Drone Companies To Watch

CB Insights

Select Investors: Bessemer Venture Partners, Lowercase Capital, Menlo Ventures, Qualcomm Ventures. Select Investors: Lux Capital, Social Capital. Select Investors: Draper Associates, NASA, Pelion Venture Partners, Sherpa Capital. Headquarters: Murray, Utah. Headquarters: Provo, Utah. Teal Drone.

Company 70
article thumbnail

Top 17 Online Digital Corporate Credit Cards for Small Businesses (Dec 2021)

Fintech Labs Insights

Two have been acquired by large banks, but they will stay on this list as long as they are operated as an independent brand. Check out our latest lists: SMB online lenders (33) | SMB challenger banks (12) | SMB insurers (15). Lola (acquired by Capital One, 2021) FAB Score = 11. – 1,230,000. 1,410,000. Divvy (Bill.com).

Cards 15