Bank Innovation
OCTOBER 12, 2017
Los Angeles based FastPay, a fintech that specializes in providing financing to media companies, has acquired AnchorOps, an electronic payment solutions provider for media buyers. Terms of the transaction were not disclosed.
CFPB Monitor
NOVEMBER 2, 2023
In a lengthy (65-page) order , the California Superior Court in Los Angeles has issued an extremely important decision upholding the legitimacy of bank-model online lending by denying a motion for preliminary injunction filed by the California Department of Financial Protection and Innovation (DFPI) that sought to force fintech Opportunity Financial (..)
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PYMNTS
JANUARY 28, 2020
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.
PYMNTS
AUGUST 15, 2019
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.
PYMNTS
APRIL 28, 2020
FIs and FinTechs are promoting social distancing by providing online card applications and virtual payment cards to help customers avoid using cash or visiting bank branches. The Paytm cards can be used both in-store and online. Around the Next-Gen Debit World. Debit cards are also helping consumers receive funds.
PYMNTS
SEPTEMBER 9, 2020
Truepill , an online pharmacy powering delivery for direct-to-consumer healthcare brands, announced Wednesday (Sept. Connecticut-based healthcare and FinTech investor Oak HC/FT led the funding. 9) that it closed on a $75 million Series C funding round. The new service is expected to expand Truepill’s direct-to-patient capabilities.
American Banker
NOVEMBER 9, 2016
Kenny and Sean Salas, founders of Camino Financial in Los Angeles, have a pretty good idea of what it's like to be a Hispanic small-business owner who can't catch the attention of traditional banks. They have established an online marketplace, a credit-scoring model and relationships with online lenders to help fill the void.
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