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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. Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships.

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

Fintech Labs Insights

Fortress Risk Management. Enterprise risk management services for financial institutions. Argos Risk. Credit risk management tools for small businesses. HQ: Minneapolis, Minnesota. Tags: Payments, fx, remittance, mobile, prepaid debit card, Finovate alum. HQ: Mumbai, India. Investorist.

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

Fintech Labs Insights

Prepaid debit card for youth. HQ: Minneapolis, Minnesota. Tags: SMB, payments, merchants, POS, point of sale, acquring, debit/credit cards. Source: FT Partners. Latest round: $5.8 million Equity Crowdfunding (Crowdcube). Total raised: $5.8 HQ: Farnborough, England, UK. Source: Crunchbase. SeedInvest. Source: Crunchbase.

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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. Tags: SMB, ISOs, merchants, acquiring, payments, debit/credit cards. Source: FinDEVr. Digital bank startup. Latest round: $40 million Series B. Total raised: $52.7 HQ: Berlin, Germany. Source: Crunchbase. Invoice lender to small businsesses. Latest round: $30 million Debt.

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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. HQ: Minneapolis, Minnesota. Tags: Consumer, SMB, loans, credit, lending, underwriting, personal finance management, energy consumption management. Here are the fintech deals by size from 13 Feb to 19 Feb 2016: StoneEagle Services (VPay).

Company 12