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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

With $580 billion in private-term loans and lines of credit and $62 billion in credit cards, they accounted for 56% of the small business financing market. As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to the St. Louis Fed : [S]mall-business loans—i.e.,

Lending 243
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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

And there are few fintech success stories bigger than 2008 alum, Credit Karma , which scored $175 million this week at a reported $3.5 Total investment into the fintech sector this week were $240 million flowing to 12 firms. So far this year, fintech has attracted $7.9 Payments gateway for online marketplaces.

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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

Fintech deals by size from May 7 to 13, 2016: Avant (AvantCredit UK). Online financial advisor. Online payments & cash management for small businesses. Tags: SMB, payments, mobile, merchants, acquiring, credit/debit cards, mobile, POS. Total dollars raised YTD is now $14.7 billion, more than twice the $6.7

Company 12
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Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6

Fintech Labs Insights

Fintech deals by size from 30 April to 6 May 2016: VTS. Online bookkeeping service. Louis, Missouri. Prepaid debit card. Louis, Missouri. Accelerator: VC Fintech Accelerator (Little Rock, Arkansas). Total dollars raised YTD is now $14.3 billion, more than twice the $6.6 Latest round: $55 million Series C.

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Fintech Fundings: 24 Companies Raise $440 Million Week Ending May 21

Fintech Labs Insights

Online consumer alt-credit. Payment services for online marketplaces. Card-linked rewards & offers. Online network for private equity community. Online financial and FX trading. Louis, Missouri. The post Fintech Fundings: 24 Companies Raise $440 Million Week Ending May 21 appeared first on Finovate.