PYMNTS

APRIL 7, 2017

including Union Square Ventures, Ribbit Capital, Vy Capital and Silicon Valley Bank. The loans will be issued by WebBank out of Utah and later purchased by Upgrade. According to a report in Fortune , Upgrade of San Francisco, Calif., raised $60 million in equity and convertible notes from a slew of investors in the U.S.,

Online 100

Online San Francisco Utah Lending 100

PYMNTS

JUNE 26, 2019

MX, a Utah-based technology startup offering a data cleansing and analytics platform for the finance sector, has just announced a $100 million investment. Crunchbase reported Tuesday that Battery Ventures led the investment round in MX, while Point72 Ventures , Sorenson Capital , Pelion Venture Partners and other investors also participated.

Analytics 100

Analytics Data Utah Trends 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. To help enable online commerce, Stripe is building a suite of APIs that allow developers to implement its payment capabilities.

Online 98

Online Company Retail Payments 98

PYMNTS

JULY 14, 2020

Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. This follows a pilot rollout in Russia last month.

Lending 130

Lending FDIC Minneapolis Utah 130

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

MyBankTracker

MAY 22, 2020

The term of a loan is the amount of time that you will take to pay it off if you follow the minimum payment schedule. Shorter terms result in higher monthly payments but lower overall costs while longer terms mean lower monthly payments but a costlier loan overall. Interest Rates. Funds Disbursement Speed.

Idaho 52

Idaho Lending Alabama Wisconsin 52

Gonzobanker

DECEMBER 17, 2021

Digital and payments plans were developed, investments are being made, and transformation projects are being executed. If that is not enough, the bank established MVB Edge Ventures and now has equity positions in Flexia Payments, Grand and Victor – all of which are embedding payments, banking, and risk management services in new ways.

Fintech 142

Fintech Strategy Leadership Lending 142

Jeff For Banks

DECEMBER 22, 2013

capital appreciation and dividends. Texas Capital Bancshares, Inc. Nasdaq: MRLN) Continuing the theme of niche banks, Marlin is a direct lender providing financing to business so they can acquire new equipment and technology while preserving capital. Not so over the three years I have been keeping track. BofI Holdings, Inc. #2.

Community Bank 84

Community Bank Atlanta Community Strategy 84

Fintech Labs Insights

AUGUST 18, 2015

Around the web: Check out Utah Business’ video interview of Ryan Caldwell, MX CEO, honored as one of Utah’s Fast 50. Pymnts examines how Ripple Labs’ partnership with Earthport enables payments between global trading partners in real time. Come see what MX has for developers at FinDEVr this October.

Utah 12

Utah Video Payments Company 12

Fintech Labs Insights

APRIL 30, 2015

Five-time Best of Show award winner, MX , has boosted its total capital to more than $50 million with this week’s raise of $30 million. MX was founded in 2010 by Ryan Caldwell (CEO), and partners with more than 500 FIs and 30 online banking, core, and payment network providers.

Utah 12

Utah Technology Capital Groups 12

Fintech Labs Insights

DECEMBER 8, 2016

Real-time financial data aggregation provider Finicity will use $42 million in new capital to drive new product development, especially financial management and payment solutions for the credit decisioning market.

Utah 12

Utah New York Data Capital 12

PYMNTS

JULY 27, 2020

Eighteen months after buying Utah-based management software company Qualtrics for a record $8 billion, SAP SE announced plans to take the company public. the Wisconsin-based global provider of financial services technology, partnered with SAP to help B2B companies streamline payments and improve working capital.

Wisconsin 153

Wisconsin Utah Software Analysis 153

Fintech Labs Insights

AUGUST 11, 2016

Braintree earned the top spot in the Payment APIs category for its payments platform technology, and Finicity won first place in the Finance APIs category for its Financial Data API with TxPUSH. The company went public in June , raising more than $150 million, and now sports a market capitalization of $4 billion.

San Francisco 12

San Francisco Utah Case Study New York 12

Fintech Labs Insights

FEBRUARY 2, 2021

7 born this month (Digit Insurance, Divvy, Mambu, Melio Payments, MX, PPro, Sunlight Financial). + Divvy : Two Utah companies became unicorns this month. Melio Payments : The NYC-based B2B payments startup took just 2.5 It’s currently tied for 96th most valuable across all fintech, and 36th most valuable payments company.

United States 15

United States Fintech Utah Software 15

PYMNTS

JULY 31, 2020

In a venture capital slowdown, any investment round is a win. Focused on mitigating third-party risk for B2B buyers and suppliers, Utah-based Whistic recently announced a $12 million Series A investment round, FinNSMEs reported. million in fresh investment for the industry. PYMNTS rounds up the latest deals below. million fundraise.

Security 166

Security Data Capital Utah 166

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

FEBRUARY 2, 2021

7 born this month (Digit Insurance, Divvy, Mambu, Melio Payments, MX, PPro, Sunlight Financial). + Divvy : Two Utah companies became unicorns this month. Melio Payments : The NYC-based B2B payments startup took just 2.5 It’s currently tied for 96th most valuable across all fintech, and 36th most valuable payments company.

United States 15

United States Fintech Utah Lending 15

CB Insights

OCTOBER 26, 2020

In the US, legislation emerged to forbid investment banks from prop trading, or trading with their own capital, and forcing them to keep more capital on hand. However, the model doesn’t currently allow companies to issue new shares, meaning that DPOs do not raise any capital for the company. STAYING PRIVATE.

Management 78

Management Capital Company Marketing 78

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. HQ: Salt Lake City, Utah. Tags: Bitcoin, banking, payments, consumer, SMB, crypto-currency. Source: Crunchbase.

Company 12

Company Fintech San Francisco Lending 12

Fintech Labs Insights

JANUARY 18, 2016

Integrated payment processor. HQ: Provo, Utah. Mobile payments platform. Startup capital raising platform. Mobile payments. Tags: Consumer, payments, interbank transfers, banking. Source: Crunchbase. Financial supply chain management. Latest round: $46 million. Total raised: $136.7 Source: Finovate.

Company 12

Company New York City Fintech San Francisco 12

Fintech Labs Insights

JULY 12, 2016

Digital payments platform for financial institutions. Payment processing. HQ: Salt Lake City, Utah. Kikka Capital. Tags: SMB, merchant, payments, POS, point of sale, credit/debit cards, acquiring. Vibes (owned by Syniverse). Mobile wallet analytics. Latest round: $45 million Series B. Total raised: $60 million.

New York City 12

New York City Company Fintech San Francisco 12

CB Insights

MAY 10, 2021

Bill.com , a cloud-based billing, accounting, and payments platform, has acquired Divvy , a spend management platform, in a stock and cash deal valued at $2.5B. Divvy: Utah-based Divvy is a spend management platform that integrates expense management and smart corporate cards into a single platform for enterprises. in March 2021.

San Jose 36

San Jose Management Houston Utah 36

Lex Sokolin

SEPTEMBER 23, 2020

An American neobank / payments wallet that acquires customers by giving them $100 in overdraft credit and a paycheck advance. To the extent it pipes people to banking product, that goes to a $500 million market capitalization public company that makes prepaid cards. Just referring customers to capital sources. No shenanigans.

Capital 52

Capital Software Lending Apple 52

PYMNTS

MAY 3, 2019

Business confidence remains relatively high, but the latest analysis from CB Insights found that venture capital (VC) investment took a turn for the worse in Q1. Reports earlier this week in the Financial Times revealed that global venture capital funding dropped 13 percent to $6.3 Webware.io. Canada’s Webware.io

Fintech 160

Fintech Capital blockchain Management 160

Fintech Labs Insights

JULY 18, 2023

Founded in late 2016 by Blake Murray and Alex Bean, the Lehi, Utah-based startup went from founding to a $2.3 Virtual cards that can be used for online purchases or one-time payments. Divvy is one of the biggest fintech success stories of the 2020s. billion exit in just 4.5 billion in a cash ($665 million) and stock ($1.65

Management 15

Management Cards Software Utah 15

Fintech Labs Insights

JANUARY 9, 2023

Founded in late 2016 by Blake Murray and Alex Bean, the Lehi, Utah-based startup went from founding to a $2.5 Timeline of a fintech rocket ship: September 2016: Founded in Lehi, Utah by Blake Murray and Alex Bean. January 2021: Raises $165M series D with Paypal as lead investor bringing total capital raised to $418M.

Management 15

Management Cards Software Utah 15

Fintech Labs Insights

APRIL 30, 2015

If you’ve missed an edition, our complete Sneak Peek series for FinovateSpring 2015 is below: Sneak Peek Part 1: Alpha Payments Cloud, CUneXus, DRAFT, FundAmerica, SayPay, StockViews, and TrueAccord. Sneak Peek Part 4: Currency Cloud, Dream Payments, Hip Pocket, INETCO Systems, LoanNow, WealthForge, and Yodlee. Founded: 1999.

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