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FinTechs Take A Regional Approach To SMB COVID-19 Relief

PYMNTS

Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks. Citizens Bank Of Edmond. Lendsmart, Griffin Technologies.

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POSaBIT Rolls Out Mobile POS For Cannabis Merchants

PYMNTS

FinTech firm POSaBIT is hoping to solve the problem of mobile payments for the fast-growing cannabis industry by delivering a unique blockchain-enabled payment processing and point of sale (POS) system. . The new fully compliant system will focus on the marijuana industry and will roll out across medical and recreational cannabis states.

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Visa-Western Union Deal And Alexa’s Roommate Potential Top The Week’s News

PYMNTS

Around the world, banks and FinTech firms are addressing challenges associated with enabling fund disbursements in real time – and some markets are developing real-time networks faster than others. In the old days, forged checks were the biggest problems that bank fraud departments had to manage.

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This Time, We Want You To Drink The Kool-Aid

PYMNTS

We have a significant level of awareness,” said Andrew Louie, brand manager of refreshment beverages at Kool-Aid’s modern corporate parent company, Kraft. Louis, Missouri; Oklahoma City, Oklahoma; and Jacksonville, Florida. The brand continues to be extremely popular, even though it’s over 50 years old.”.

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Fintech Fundings: 24 Companies Raise $560 Million Week Ending Sep 18

Fintech Labs Insights

The money flow into fintech continued unabated this week with more than a half-billion ($557 million) raised by 24 companies. Year-to-date fintech firms have raised $13 billion. HQ: Oklahoma City, Oklahoma. Risk management for P2P lending. Direct debit management services. Online investment platform.

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

It was a blockbuster week in fintech with more than $6 billion in new funds flowing to the sector. Expense management solutions for small businesses. 401(k) management. HQ: Oklahoma City. Using the blockchain for managing records. Tags: Enterprise, SMB, investing, wealth management, data. Source: Re/Code.

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Fintech Fundings: 25 Companies Raise $1.6 Billion Week Ending Aug 20

Fintech Labs Insights

Fintech funding records continue to fall. HQ: Owasso, Oklahoma. Mobile investment research & management tool. Microfinance management for the institution. The post Fintech Fundings: 25 Companies Raise $1.6 Tags: Y Combinator (YC S15), investing, retirement, wealth management. billion, from 25 companies.