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

Fintech Labs Insights

Online insurance. Prepaid debit card for youth. Micro-payments for online content. HQ: Minneapolis, Minnesota. Online asset lending. Tags: SMB, payments, merchants, POS, point of sale, acquring, debit/credit cards. Total dollars raised YTD is now $16 billion, nearly double the $8.4 Latest round: $134.5

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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. HQ: Minneapolis, Minnesota. Online identity & payment services. Banking & money management for students. Tags: SMB, ISOs, merchants, acquiring, payments, debit/credit cards. Source: FinDEVr. Digital bank startup. Latest round: $40 million Series B. Total raised: $52.7

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

Fintech Labs Insights

Prepaid card issuer. Risk management and compliance software. Security solutions for mobile apps and online services. HQ: Minneapolis, Minnesota. Tags: Consumer, SMB, loans, credit, lending, underwriting, personal finance management, energy consumption management. B2B payments platform. Aria Systems.

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