PYMNTS

JANUARY 2, 2020

million USD) from existing and new investors through equity crowdfunding platforms Crowdcube and GrowthFunders, according to reports. Founded in 2018 by former Santander and Atom Bank executives, the FinTech has applied for its banking license. startup B-North has raised €2 million ($2.2 This latest funding adds to the €4.9

Lending 131

Lending Regional Study Fintech 131

PYMNTS

APRIL 30, 2019

Ireland has been ramping up to boost FinTech efforts — a trend that has spanned several countries globally. As reported this past week, per Yahoo Finance , Ireland wants to see as many as 50,000 people employed directly within the country’s international financial services sector, with a target date of 2025. In the U.S.,

Fintech 189

Fintech Regional Operations California 189

PYMNTS

FEBRUARY 19, 2019

Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a continued sanguine attitude about the space. based FinTechs said they have garnered more than 200 million pounds. FinTech trade body, said that as much as $3.3 FinTech Efforts in Estonia.

Fintech 187

Fintech Lending Capital Regional 187

PYMNTS

MARCH 31, 2020

FinTech firm MatchMove has struck a deal to acquire a “strategic stake” in eCommerce solutions company Shopmatic, according to reports. Shopmatic said in an announcement that it would “leverage the MatchMove reach and network to originate new customers as well as accelerate our platform growth across the region.”

Fintech 168

Fintech Regional Security Lending 168

PYMNTS

JANUARY 26, 2020

AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund. It provides credit lines to individuals and has usually worked in communities without much access to banks.

Fintech 247

Fintech America Capital Regional 247

PYMNTS

APRIL 24, 2020

Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. however, funding for FinTechs actually increased to $3.7 billion the same period a year prior, reports said, citing Crunchbase data. In the U.S., billion, compared to $3.6

Fintech 193

Fintech Capital Security FDIC 193

PYMNTS

NOVEMBER 13, 2018

Collaboration amid competition has been a hallmark of the financial services space, as traditional financial institutions (FIs) join forces with FinTech startups. The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge. and MarketInvoice. Here In The States.

Community Bank 183

Community Bank Community Fintech Arizona 183

PYMNTS

JUNE 4, 2019

China’s community banks are raising new fears over the health of the industry after auditor Ernst & Young resigned from its work with regional bank Bank of Jinzhou. Reports said the decision for EY to quit is the latest event to raise concerns over China’s community banking sector. For Bank of Jinzhou, that means $1.2

Regional 100

Regional Community Bank Community Policies 100

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Lendingkart.

Fintech 179

Fintech Analytics Capital Lending 179

CB Insights

JULY 12, 2022

Consumer-facing finance company SoFi has traditionally been known for its lending services. Download the report to learn more.</p> q1 2022 brought a -18% decline in quarterly fintech funding. .</p> q1 2022 brought a -18% decline in quarterly fintech funding. .</p> onFormReady: function ($form) {.

Lending 84

Lending Strategy Company Regional 84

PYMNTS

AUGUST 28, 2019

In China, the central bank has said that it will offer up a three-year development plan for the domestic FinTech sector. As reported by AltFi , the People’s Bank of China (PBOC) has said that the sector represents a “new” growth engine. The statements were contained in the PBOC’s FinTech Development Plan 2019-2021.

Fintech 172

Fintech Analysis Guidelines Data 172

PYMNTS

AUGUST 12, 2019

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K.

Lending 144

Lending US Capital Data 144

PYMNTS

SEPTEMBER 25, 2017

Australia is now the Asia Pacific region’s second-largest alternative finance market, largely due to a favorable regulatory climate, according to new KPMG analysis. The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks.

Lending 100

Lending Regional Analysis Survey 100

PYMNTS

JANUARY 15, 2019

As FinTechs eye growth, and look to gain scale by providing more “mainstream” financial services, might those plans hit a speed bump when it comes to the infrastructure needed to bring products to the masses? Reuters reported early Monday (Jan. Reuters reported early Monday (Jan. In Asia, Examining Cross-Border FinTech.

Fintech 148

Fintech St. Louis System Regulation 148

PYMNTS

SEPTEMBER 6, 2019

million was placed with B2B FinTechs this week. landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. Yelo also plans to expand its team and invest in product development and sales, reports said.

Fintech 155

Fintech Capital Lending Operations 155

PYMNTS

APRIL 16, 2020

Accelerated data sharing has become a focal point for small business lenders and FinTechs looking to speed up the time it takes for SMBs to apply for and receive much-needed funding. This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K.,

Data 167

Data Lending Regional Fintech 167

CB Insights

AUGUST 20, 2020

Southeast Asia is becoming a hotspot for fintech adoption across payments, lending, insurance, and investing. Free Download: State of Fintech q2’20. Fintech funding rebounded in Q2’20 but deal activity continues to fall. Get the report to learn more. First name. Company Name. Phone number.

Fintech 85

Fintech Regional Google Lending 85

PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. In Europe, for instance, the region is preparing for the rollout of a new directive which could challenge how medical providers process invoices.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. Alternative Lending. This week alone saw two examples of those concerns in action: One U.S. lawmaker, Rep.

Lending 109

Lending Capital Fintech Data 109

PYMNTS

FEBRUARY 18, 2020

Software development company Credify, based in Singapore, has raised $1 million in a seed funding round from SoftBank-backed artificial intelligence (AI) incubator Deepcore, as well as Beenext, according to a report. South Asia is the fastest-growing market in FinTech and eCommerce, according to Credify. An average of 1.6

Regional 171

Regional Lending Fraud Maine 171

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

JULY 1, 2016

For weeks the FinTech industry has been managing fears and anxieties over the future of the novel alternative finance space. Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Alternative Lending. Lendingkart. Five Star Business Finance.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

MARCH 14, 2016

As a region, Asia has seen $4.5 billion come into its financial startups from investors across a variety of stripes, which is quadruple the investment activity of a year ago, Reuters reported. That means the region is becoming a sweet spot for FinTech investment. The global investment activity in the space stood at $19.1

Fintech 100

Fintech Regional National Mobile 100

PYMNTS

JUNE 4, 2018

The Consumer Financial Protection Bureau (CFPB) said this past week that it is linking up with the Commodity Futures Trading Commission, eyeing a regulatory sandbox for FinTech firms. has lagged behind other regions (notably Europe, and, for example, the U.K.) The sandbox is getting a bit bigger — the regulatory kind, that is.

Fintech 119

Fintech Lending Regulation Examples 119

PYMNTS

OCTOBER 14, 2016

Not one of the four alternative lending startups that secured investments this week were from the U.S. B2B FinTech space is silent. Alternative Lending. Late last week, South Africa’s LulaLend brought some rare attention to the nation’s alternative lending space. Well, in the U.S., that may be true.

Lending 100

Lending US Capital Report 100

CB Insights

APRIL 16, 2019

Southeast Asia is a historically underbanked region. As of 2018, only 47% of adults in the region had a bank account, while only a third of Southeast Asian SMEs had access to loans or lines of credit. READ THE 2019 FINTECH TRENDS REPORT. Southeast Asia’s nascent fintech sector is seeing increasing growth.

Fintech 73

Fintech Regional Trends Lending 73

PYMNTS

FEBRUARY 10, 2017

With a goal of expanding its presence across the Nordic region, Enterpay, based in Finland, has raised new funding from NFT Ventures, the companies said Monday (Feb. Enterpay enables businesses to pay without credit cards when making purchases online using invoice data, reports said. Alternative Lending. B2B Payments.

Fintech 100

Fintech Capital Lending Data 100

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. The results are a bit more varied across the Asia-Pacific region, however, which influences how these FIs invest in innovation.

Regulation 156

Regulation Innovation Fintech Marketing 156

PYMNTS

MARCH 26, 2020

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses struggling as a result of the coronavirus. to help bailing out their SMB customers, with some regional financial institutions (FIs) already taking action.

Payments 173

Payments Pennsylvania Kansas City Wyoming 173

PYMNTS

AUGUST 12, 2016

That’s the opinion of the Competition and Markets Authority (CMA), which earlier this week said technology would be one of the underpinnings of getting lending to increase to SMEs, a group that would naturally benefit from improved access to capital. In the U.K., In the U.K., The fees are high and paid out for less-than-stellar service.

Lending 100

Lending Comparison Industry Innovation 100

PYMNTS

DECEMBER 8, 2019

B-North wants to disrupt the £154 billion UK business lending market. The majority of SME lending is via the big High Street banks and our experience shows they often use outdated ‘legacy’ systems, rigid lending policies, and faceless, centralized processing centers. percent in equity at a £14,247,942 ($18.7

Lending 131

Lending Regional Policies Operations 131

PYMNTS

JULY 17, 2018

The movement toward linkups between traditional financial institutions (FI) and FinTech firms seems an inexorable one — in the cross-selling of corporate services into consumer bases that embrace individuals and, typically, small- to medium-sized businesses (SMBs).

Fintech 100

Fintech Regulation New York Management 100

PYMNTS

AUGUST 20, 2018

Despite direct exposure to the region, they remain unaware of the GDPR requirements. FinTech Firms Eye Bank Charters. And in the wake of the announcement late last month that FinTechs will be able to apply for banking licenses with the Office of the Comptroller of the Currency, caution abounds. Japan Eyes Cryptos, Yet Again.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

DECEMBER 9, 2016

While Khanna added that it’s “hard to say” whether venture capital funding is getting easier for startups, there is evidence that FinTech — and, specifically, B2B FinTech — is headed for a solid year. The Asia-Pacific region reigned again with two deals in Australia and Singapore, while the U.K. Alt-Lending.

Fintech 100

Fintech blockchain Capital Metro 100

PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. Research companies predict for the digital lending market in Southeast Asia to more than quadruple to $110 billion in the next five years. Other companies include Razer, Grab Holdings and Ant Financial. .”

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

PYMNTS

APRIL 8, 2016

The alternative lending boom of yesteryear secured impressive amounts of attention, and dollars, from venture capitalists towards the FinTech startup industry. Today, however, investors are increasingly showing a more conservative approach to the FinTech space. Alternative Lending. We break down the investments below.

Fintech 100

Fintech Software Capital Lending 100

PYMNTS

JUNE 7, 2019

However, the biggest funding round of the week went to a company that is not yet in the B2B FinTech space, though it has plans to use the capital to launch a cross-border, small business (SMB) money-transfer service. Catch up on the latest investment rounds below. Working to wield the opportunity of Open Banking in the U.K., Biz2Credit.

Data 139

Data Capital Analytics Lending 139