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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

“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. Leveraging Risk the Right Way. The account comes with 1.30

Lending 130
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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Acronym of the Year. Has to be M-O-E.

Fintech 147
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Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Labs Insights

CircleBack Lending. Consumer lending P2P marketplace. Fortress Risk Management. Enterprise risk management services for financial institutions. Risk & compliance management for financial institutions. Argos Risk. Credit risk management tools for small businesses.

Company 12
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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

Prepaid debit card for youth. Alt-lending. 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. Source: FT Partners. SeedInvest.

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The 2019 GonzoBanker Awards

Gonzobanker

Second Curve analyst Zack Maxfield opened a TD Bank checking account on his phone in nine minutes while he waited to speak with a teller at one of the bank’s branches, but waited an hour to fund the account and order a debit card. The 2019 Industry Oh Sh*t Moment Award – Goes to Apple and Goldman Sachs for the Apple Card launch.

Idaho 148
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Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Labs Insights

Gift card payment network. Alt-lending marketplace for consumers. B2B ecommerece credit management. HQ: Minneapolis, Minnesota. Tags: SMB, expense management, employees, accounting, bookkeeping, fraud detection, risk management. Total raised: $52.7 HQ: Berlin, Germany. Source: Crunchbase.

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Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Labs Insights

Prepaid card issuer. P2P lending marketplace. Risk management and compliance software. HQ: Minneapolis, Minnesota. Home buying & mortgage process management. Tags: Consumer, SMB, loans, credit, lending, underwriting. B2B payments platform. Latest round: $76 million Series. HQ: Richardson, Texas.

Company 12