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Instant Pay Startup Clair Notches $4.5M To Help Gig Workers

PYMNTS

New York City-based FinTech startup Clair has raised $4.5 million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly. We are excited to back a social impact-driven FinTech with a sound business model. The funding was led by Upfront Ventures.

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Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS). Mailprotector.

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Utah: The fintech frontier

BankInovation

Fintechs looking to expand beyond their Bay Area or New York City headquarters have welcomed an unlikely visitor in recent years: Utah Gov. Gary Herbert. “The The governor is a great salesperson,” said Val Hale, executive director for the Utah Governor’s Office of Economic Development.

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B2B Tech Startups Land Backing To Modernize The Enterprise

PYMNTS

More than $25 million in new funding landed at B2B FinTech startups this week, making it one of the slower VC roundups for the B2B landscape this year. Honcho plans to deploy the investment towards new hires and invest in its product roadmap.

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Today In Data: Alt FIs Raise Funding, SMBs In The US And AI Gets Backing

PYMNTS

The VC funding, which accounted for nearly 70 percent of total funds raised by B2B FinTech startups this week, proves investors aren’t ready to give up on alternative lending just yet. 30 million | Higher end estimation of the number of SMBs in operation in the U.S. today, according to the United States Small Business Administration.

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Investors Haven’t Forgotten About Alternative SMB Finance

PYMNTS

By now, the alternative lending market is hardly new, and investor appetite for startups in the space seems to have waned. This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. SMB Finance.

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The ICBA 22/23 executive committee is all in

Independent Banker

We must continue to fight increased regulation, specialty charter considerations and the potential for more fintech access to traditional rails without the same oversight. At-large director Jill Sung (not pictured), President and CEO, Abacus Federal Savings Bank, New York City. ICBA standing committee chairs (from left).