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Fintech Startup of the Week: Challenger Jiko Buys a $100M U.S. Bank

Fintech Labs Insights

At one time or another, every consumer fintech company wonders if they should buy a bank. But most fintech startups want to buy a ticket to the financial rails, not a large customer base. But we haven’t seen a pre-revenue, basically a stealth fintech startup, buy a bank. The 18 Fintech Startups in the 2020 INC 500.

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Card-Linked Offers Consolidates: Edo Interactive Acquired by Augeo

Fintech Labs Insights

From 2011 to 2013, card-linked offers (CLO) was all the rage– you could say it was the AI of that era. The trend peaked in 2012, when it seemed every other fintech company added some type of card-linked offers. The post Card-Linked Offers Consolidates: Edo Interactive Acquired by Augeo appeared first on Finovate.

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Sezzle Scoops Up $500k Investment from Brussels-based E-Merge

Fintech Labs Insights

Courtesy of Brussels-based fintech fund, E-Merge, Sezzle is $500,000 closer to its fundraising goal of $1.5 Sezzle is a startup based in Minnesota whose initial solution, Sezzle Pay , leverages the ACH rails to provide faster, lower cost payments. plus 15 cents, that’s half the cost of quoted credit and debit card processing.”

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2020 GonzoBanker Awards

Gonzobanker

Credit Union Merger of the Year Minnesota-based Firefly and TruStone credit unions come to terms on a solid combination in the Twin Cities area. Best Use of Card Rewards for Seat Upgrades We saw a Great Dane in the Comfort Plus section of the plane. The Future is Now Award Goes to contactless cards and card-not-present payments.

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Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

Fintech Labs Insights

For the 14th week in a row, fintech deals worldwide surpassed the 20-mark. Ixaris landed $6 million for its prepaid card platform. Here are the fintech deals by size from 2 April to 8 April 2016: Home Link (Lianjia). HQ: Minnesota City, Minnesota. Prepaid card payments platform. Cortera raised a fresh $3.5

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Costco Card. Walmart Pay.

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Sezzle Adds Former PayPal Executives as Advisors

Fintech Labs Insights

Scott Guilfoyle and Annick Fuchs will serve as advisors for the Minneapolis, Minnesota-based payments innovator. Fuchs (below), who launched her law firm fuchsLAW this spring, pointed to her background in fintech in general and payments in specific as one reason why Sezzle was a good fit. ” . And in charging 1.5%