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Fintechs seek US government funds to help make business loans

Bank Innovation

are lining up to help speed lending to small businesses during the coronavirus crisis — and are pushing for a slice of emergency U.S. Industry group Financial Innovation Now urged Congress in a letter to provide capital to online lenders including PayPal and Square Inc., Financial-technology firms including PayPal Holdings Inc.

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How to Establish Quality Fintech Partnerships

Abrigo

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. .

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print. Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. According to Kristen E.

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US B2B FinTech Firms Lag With VC Investors

PYMNTS

It was a slow week for B2B FinTech funding rounds, but investors nevertheless provided an impressive sum to industry startups. In total, more than $107 million was raised, with investors targeting the small business (SMB) back office, lending and B2B payments. Interestingly, U.S. million raised by U.K.

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Singapore’s FinAccel FinTech Lands $90M To Grow Credit Lending App

PYMNTS

Singtel Innov8, TMI (Telkomsel Indonesia), Cathay Innovation, Kejora-InterVest, Mirae Asset Securities, Reinventure and DST Partners also participated in the “oversubscribed” funding round — one of the largest for a FinTech startup in Southeast Asia.

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US Lawmakers Explore How Blockchain Can Help SMBs

PYMNTS

Committee Chairwoman Nydia Velázquez said, according to the report, “it is vital that Congress keep pace with the evolving needs of our country’s innovative small businesses.” Eight Roads led the round, with Telekom Innovation Pool, HKT, Telefónica Innovation Ventures and Singtel Innov8 also participating.

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FinTech: $6.5 billion invested in first half of 2017

Chris Skinner

Innovate Finance has just published their report on the first half of 2017, and the investments made in FinTech. Global VC FinTech investment attracts $6.5 Billion in H1 2017 –with UK investment up 37% reveals Innovate Finance H1 2017 saw 787 deals globally, attracting $6.5 Global VC FinTech investment attracts $6.5

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