PYMNTS
SEPTEMBER 14, 2017
One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems.
PopularBank
OCTOBER 13, 2020
The new investment vehicle aims to economically empower Black and Latinx business owners throughout the City of Newark. NWK FAM Fund Seeks to Narrow the Wealth Gap in New Jersey. Popular Bank will serve as an initial corporate partner alongside organizations including AT&T, Panasonic and New Jersey Community Capital.
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PYMNTS
FEBRUARY 7, 2020
According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.
PYMNTS
SEPTEMBER 23, 2019
New York-based SMB lender SellersFunding has acquired AmzLenders as it works to expand its reach with eCommerce sellers and take on Amazon. New Jersey-baed AmzLenders was founded by Amazon seller Steve Creasy, who will act as a consultant to SellersFunding over the transition period. Terms of the deal were not disclosed.
PYMNTS
SEPTEMBER 24, 2018
Overstock.com is no stranger to offering financial services — it already provides credit cards, lending, investments and insurance services to its customers. The standard lease term is as short as five months, with an early purchase option at 30, 60 or 90 days (not available in New Jersey, Vermont, Wisconsin or West Virginia).
Gonzobanker
DECEMBER 19, 2022
SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. Let’s see how this new scale allows for big investments in future innovation.
CB Insights
MARCH 13, 2019
valuation), Nuro ($2.7B), alternative lending startup Avant ($1.9B), AI-powered predictive sales acceleration platform InsideSales.com ($1.7B), salestech startup Afiniti ($1.6B), healthcare startup Butterfly Network ($1.3B), and data analytics company Dataminr ($1.2B). New Hampshire. New Jersey. New Mexico.
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