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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.

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. Congrats to Randy and a great management team. With Venmo charging 100-150bp less that the card networks, merchants will aggressively follow Amazon. Acronym of the Year. Has to be M-O-E. Has it worked?

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

Fintech Labs Insights

Corporate purchasing management. Fortress Risk Management. Enterprise risk management services for financial institutions. Using the blockchain for managing records. Risk & compliance management for financial institutions. Mobile point-of-sale solution for feature phones . Total raised: $6.8

Company 12
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The 2019 GonzoBanker Awards

Gonzobanker

billion of assets under management. Hats off the Schools Financial’s board and management for acknowledging that even multi-billion dollar credit unions can drive value via merging with someone bigger. We salute CEO Frank Weidner, CIO David Mason and Strategic Insights Manager Mike Lindberg for taking this big strategic step.

Idaho 148
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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

Prepaid debit card for youth. Personal financial management. Tags: Consumer, advisors, investing, trading, ETFs, wealth management. Source: FT Partners. Latest round: $5.8 million Equity Crowdfunding (Crowdcube). Total raised: $5.8 HQ: Farnborough, England, UK. Source: Crunchbase. SeedInvest. Source: Crunchbase. Smartkarma.

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

Fintech Labs Insights

Gift card payment network. B2B ecommerece credit management. HQ: Minneapolis, Minnesota. Banking & money management for students. Tags: Consumer, lending, underwriting, alt-lending, loans, personal financial management, P2P, person-to-person. Source: FinDEVr. Digital bank startup. Total raised: $52.7

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

Fintech Labs Insights

Wealth management platform. Prepaid card issuer. Risk management and compliance software. HQ: Minneapolis, Minnesota. Home buying & mortgage process management. Tags: Enterprise, B2B, banks, wealth managers, investment firms, core technology. Source: FT Partners. Aria Systems. Billing platform.

Company 12