Fintech Lending Online Utah 
PYMNTS
JULY 14, 2020
Utah-based FuturePay has consistently appeared in PYMNTS’ top 5 alternative credit apps, with its offer of flexible monthly payments for consumers and up-front settlement for merchants. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. stores for Google Pay and Apple Pay users. Afterpay Co-Founder and U.S.
PYMNTS
FEBRUARY 6, 2020
5) hearing before the House Financial Services Committee , representatives from several consumer groups said “rent-a-bank” schemes harm consumers through predatory lending. In terms of general practice, lenders, including those that operate online, must partner with chartered banks.). At a Wednesday (Feb.
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PYMNTS
OCTOBER 17, 2017
All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active. And while much has been quiet on the ILC front ever since, as of 2017, two big FinTechs made them very visible again: Sofi in June and Square in mid-September. Industrial banks are not subject to BHA.
CB Insights
FEBRUARY 13, 2020
As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.
PYMNTS
JUNE 28, 2019
It wasn’t the only corporate T&E firm that secured new funding, though, nor was it the only B2B FinTech that raised venture capital. Reports in KFGO did not disclose the nature or value of the investment, though noted it is part of HSBC’s broader effort to invest in FinTech. TripActions.
Fintech Labs Insights
APRIL 15, 2022
Now that the pandemic appears to be relatively under control, fintech founders are more likely to create new businesses focusing on the SMB opportunity. Banking-as-a-Service (and fintech-as-a-service) providers have proliferated in the past 5 years, making it much easier to start a neo/challenger bank. HQ: Salt Lake City, Utah.
Fintech Labs Insights
NOVEMBER 4, 2021
The company says it has facilitated more than $12B in loans over its life ($10B was PPP lending) to more than 300,000 businesses (213,000 were PPP loans) (source: company website 4 Nov 2021). Lendio primarily markets directly to business owners online. HQ: Salt Lake City, Utah. Lendio maintains an impressive 4.7 Credit cards.
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