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Lenderfit Launches SMB Lending Tech In Beta

PYMNTS

Small business lending technology company Lenderfit has rolled out its services in beta, connecting financial institutions to solutions to facilitate small business lending. He told the publication that Lenderfit began as a way to address the small business lending challenges of nonprofit investment firm Access Ventures.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending .

Lending 101
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CA federal court refuses to dismiss CFPB lawsuit against payday lending companies alleging UDAAP violations based on state law violations

CFPB Monitor

The companies allegedly funded, purchased, serviced and collected online payday loans made by a tribally-affiliated lender the CFPB did not sue. The eight states were Alabama, Illinois, Kentucky, Minnesota, Montana, New Jersey, New Mexico and Ohio. The case was subsequently transferred to a California federal district court.

CA 60
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June’s Top 12 Mobile Pay Moments

PYMNTS

The latest June count for where Walmart Pay is available is: Virginia, North Carolina, South Carolina, Nebraska, North Dakota, South Dakota, Iowa, Tennessee, Kentucky, Michigan, Indiana, Alabama, Georgia, Louisiana, Missouri, Mississippi and Washington, Missouri, Texas, Arkansas, and Washington, D.C. PayPal’s Consumer Support.

Mobile 104
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Fintech Fundings: 15 Companies Raise $51 Million Week Ending Dec 25

Fintech Labs Insights

The Kentucky-based company has developed a vendor management platform for banks and credit unions. HQ: Elizabethtown, Kentucky. Mobile & online payments. Tags: SME, lending, alt-credit, underwriting, sub-prime, loans, P2P, investing. Latest round: $4 million. Total raised: $6.3 Source: Crunchbase. Prestiamoci.

Company 12
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Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

Consumer online investment platform. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Latest round: $150 million Private Equity. Total raised: Unknown. HQ: Minneapolis, Minnesota. Source: Crunchbase. Betterment. Latest round: $100 million Series E ($700 million valuation). HQ: New York City.

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Fintech Fundings: $110 Million Raised by 13 Companies Week Ending Dec 4

Fintech Labs Insights

Short-term online consumer loans. Small business lending technology. HQ: Louisville, Kentucky. Tags: Enterprise, SMB, lending, underwriting, loans. Source: Crunchbase. Latest round: $11.4 million Series A. Total raised: $11.4 HQ: Vancouver, Canada. Source: Crunchbase. Clearpool Group. Electronic trading software.