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.

Online 98

Online Company Retail Payments 98

PYMNTS

MARCH 19, 2020

Also, Square won a banking license for an industrial bank in Utah. Square Financial Services will originate commercial loans to the retailers that use Square for payments. FinTech leader Fiserv has acquired independent software vendor Bypass Mobile, an innovator in the point-of-sale systems arena. Fiserv Acquires Bypass Mobile.

FDIC 130

FDIC Utah Payments Mobile 130

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.

Industry 108

Industry Fintech FDIC Community Bank 108

PYMNTS

MARCH 20, 2020

The idea of hunkering at home means that at least some economic activity shifts online. Banking, Done Digitally: In more evidence of FinTechs crossing the great divide into traditional banking, Square has gotten the green light from the Federal Deposit insurance Corp. Mall operators like Simon have shuttered malls.

Maine 130

Maine Utah Apple Course 130

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.

Lending 130

Lending FDIC Minneapolis Utah 130

Fintech Labs Insights

APRIL 30, 2015

HQ: Provo, Utah. Online auto insurance comparison site. Online & mobile payment solutions in Southeast Asia. Online & mobile payment solutions in Southeast Asia. Online real estate investment platform. Tags: Online banking, mobile banking, money management, PFM, Finovate alum. Source: Crunchbase.

Las Vegas 12

Las Vegas Company North Carolina Fintech 12

Fintech Labs Insights

JULY 12, 2016

With 38 deals reported – one shy of the weekly record – fintech companies raised $303 million worldwide the first week of June. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. Online insurance. Financing solutions for retailers & manufacturers. HQ: Salt Lake City, Utah. Retail finance gateway.

New York City 12

New York City Company Fintech San Francisco 12