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Online Coupon Company Honey Nets Founders $1.5B After Sale

PYMNTS

George Ruan and Ryan Hudson, the co-founders of online coupon service Honey, received a pre-tax haul of $1.5 The men are from Los Angeles and the company was sold for $4 billion. Honey is a service that automatically searches for coupon codes when a person is checking out online. 28) by Bloomberg.

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Digital Bank Monzo Jumps Into Lending In The UK

PYMNTS

Monzo , an online bank out of London, has added loans to its menu of services, the Financial Times reported on Thursday (Aug. can apply for loans as the online bank advances its efforts toward profitability. . The eBank joins smaller rival Starling Bank on the lending front, becoming the second online bank in the U.K.

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UK Digital Bank Monzo Crosses Pond To US

PYMNTS

The company said it will be signing up consumers for its cards through the next few weeks at events slated to be held in cities including Los Angeles, New York and San Francisco. is a different market with its own challenges, according to some observers. s FinTech-friendly regulatory environment.”. In the U.K.,

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. Regional players like BankUnited have even smaller market caps (at about $2 billion).

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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

Online FinTech startup SoFi announced Thursday (Jan. To address that perceived name recognition mismatch, in 2019 SoFi signed a record 20-year, $600 million stadium naming rights deal for the brand-new facility that is home to both the Los Angeles Rams and Chargers football teams. The FinTech IPO Market.

Capital 150
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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. Regional players like BankUnited have even smaller market caps (at about $2 billion).

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Fintech Fundings: 18 Companies Raise $400 Million Week Ending July 3

Fintech Labs Insights

headed for the beach, investors in the rest of the world unleashed a tsunami of cash into the fintech sector. billion in new fintech investments (not including Ant). HQ: Los Angeles, California. Online marketplace for financial services. Online tipping & micropayments. Latest round: Undisclosed Angel.

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