Bank Innovation
JANUARY 31, 2018
Goldman Sachs has agreed to purchase fintech startup firm Final, as a part of its efforts to expand in retail-banking products. Oakland-based Final is a credit card service, which announced that it would close its card portfolio back in December. Terms of the transaction were not disclosed.
PYMNTS
SEPTEMBER 15, 2017
The favored narrative about banks and FinTech startups is generally not a love story. Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. Usually, it is more of an all-out war story.
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Fintech Labs Insights
SEPTEMBER 3, 2020
At one time or another, every consumer fintech company wonders if they should buy a bank. But most fintech startups want to buy a ticket to the financial rails, not a large customer base. But we haven’t seen a pre-revenue, basically a stealth fintech startup, buy a bank. The 18 Fintech Startups in the 2020 INC 500.
Bank Innovation
APRIL 18, 2016
Last week we observed an upsurge in collaborations between startups and financial institutions, but this week is all startup glory. There are some old pros still doing us proud with 9-figure rounds, like Affirm, but a major Korean vital force is not far behind, in the form of e-commerce and seriously chill Read More.
Fintech Labs Insights
OCTOBER 13, 2020
Their were 9 fintech companies and one healthtech. Description: Alternative credit scoring and lending in emerging markets. HQ: Oakland, CA. Related: Fintech Debuts: Watch COVERR and OnePipe Pitch at Techstars NYC Demo Day (8 Oct 2020). Envel is the New Simple Bank (Fintech Startup of the Week). Launched: Jan 2020.
Fintech Labs Insights
JANUARY 7, 2016
The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). It is unlikely we’ll see that much in 2016, but the fintech sector is vast, and there are fascinating opportunities for newcomers and existing brands alike. HQ: Oakland, California. Total raised: $46 million.
Fintech Labs Insights
MAY 19, 2016
Fintech deals by size from 23 April to 29 April 2016: Mosaic. HQ: Oakland, California. Marketplace small business lending platform. The post Fintech Fundings: 114 Companies Raised $7.3 Tags: Consumer, lending, credit, underwriting, healthcare, payments, insurance. ——-. Total raised: $224.9 CallforLoans.
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