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SoFi Officially Files For A Bank Charter Of Its Own

PYMNTS

Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. Instead, SoFi as a bank will exist so it can “provide its customers an FDIC insured NOW account and a credit card product. The bank will offer no other products and services.”.

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BNPL Fraud — When "Buy Now, Pay Later" Backfires

FICO

For many options, borrowers first create an account with each BNPL firm they want to use, providing their debit card or bank information as the payment mechanism. The company says that over half of Afterpay’s customers in the United States are millennials, aged 25 to 40 years old. They can then choose the BNPL option at checkout.

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How Pet Plate Humanizes Custom Meals For Dogs

PYMNTS

Customers pay by credit card, and Allen also pointed out that the company has a money-back guarantee if a dog isn’t satisfied with the food on the first try. and has three distribution centers, in New Jersey, Illinois and Utah. Allen breaks the company’s target market into two buckets, starting with millennials.

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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

see https://www.bloomberg.com/news/articles/2016-06-01/this-is-how-a-banker-in-brooklyn-makes-money-on-millennials ). A “Making a Difference” Nod – Goes to S andy Dubois, executive secretary at People’s Utah Bancorp in American Fork, Utah, for her work in establishing “Project Teddy Bear.” Small things can make big differences.

Utah 60
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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

A “Making a Difference” Nod – Goes to S andy Dubois, executive secretary at People’s Utah Bancorp in American Fork, Utah, for her work in establishing “Project Teddy Bear.” Project Teddy Bear collects stuffed animals and gives them to at-risk children in Utah. Small things can make big differences.

Utah 60
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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Millennial saving & investing app. HQ: Provo, Utah. Tags: Enterprise, B2B2C, payments, mobile, SDK, API, developers, credit/debit cards. Integrated payment processor. Latest round: $10 million Series B. Total raised: Unknown. HQ: Shanghai, China. Source: Crunchbase. SaaS banking platform. Latest round: $8.73 million Seed.

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