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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. Fast and Furious BNPL Action. The account comes with 1.30

Lending 130
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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 161 $323 21 Branch 357 2015 Minneapolis 222,000 $633 22 Albert 315 2015 LA 1,270,000 $176 23 Current 307 2015 NYC 856,000 $402 24 Greenlight 302 2014 Atlanta 458,000 3.8 Consumers have been banking online for 28 years.

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Fintech Fundings: 18 Companies Raise $230 Million Week Ending June 11

Fintech Labs Insights

Alt-lending platform to SMBs. HQ: Minneapolis, Minnesota. Smart securities on the blockchain. Alt-lending for the elective surgery industry. Tags: P2P, peer-to-peer lending, underwriting, investing, SMB, small biz, Finovate alum. Latest round: $129 million. Total raised: Unknown. Source: Crunchbase. million ($1.7

Company 12
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Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

Bluefin Payments received $6 million to expand its secure payment system. HQ: Minneapolis, Minnesota. Tags: Consumer, payments, bitcoin, crypto-currency, Overstock (investor), mobile wallet, debit card, funds transfers, remittances. Stratumn grabbed $670,000 for its blockchain services. Total raised: Unknown. Latest round: $22.5

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

Fintech Labs Insights

CircleBack Lending. Consumer lending P2P marketplace. Tags: Lending, loans, consumer, credit score, underwriting. Source: Crunchbase. Platform-as-a-service provider. HQ: Troy, New York. Latest round: $24 million. Total raised: $55 million. Source: Finovate. HQ: Boca Raton, Florida. HQ: Boca Raton, Florida. Latest round: $17.5

Company 12
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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

million for its P2P lending platform for small businesses. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. Tags: SMB, lending, P2P, peer-to-peer, underwriting, credit, investing, Finovate alum. SmartAsset raised $3.8

Company 12
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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Named 2015 CFO of the Year (Kurt Ishaug) by Minneapolis-St. Provided instant card-issuance technology to Bank of the Ozarks. Announced EMV-instant issuance milestone of more than 10 million cards in the U.S. Listed in Silicon Review as one of the 20 fastest growing security companies. Entrust Datacard ( FD15 ).