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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

That alternative method of paying for purchases “on credit” got a boost with news this week that Visa Installments , a new point-of-sale (POS) credit solution, is being rolled out in pilot markets across the U.S. Leveraging Risk the Right Way. This follows a pilot rollout in Russia last month. The account comes with 1.30

Lending 130
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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Acronym of the Year. Has to be M-O-E.

Fintech 147
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Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Labs Insights

The second biggest round was also in the insurance arena, as Sweden’s BIMA (aka Milvik ) raised $38 million for its micro-insurance products in emerging markets. Mobile insurance provider in emerging markets. CircleBack Lending. Consumer lending P2P marketplace. Fortress Risk Management. government.

Company 12
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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

Alt-lending. Tags: Advisors, institutions, investing, trading, risk management. Source: Crunchbase. Mobile savings account. Latest round: $22.5 million Series B. Total raised: $36.3 HQ: San Francisco, California. Source: Crunchbase. Qingshongchou Network Technology. Total raised: Unknown. HQ: Austin, Texas. Latest round: $12.5

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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. This was a terrific combination of two education-focused cooperatives across both Southern and Northern California markets. It’s early but it’ s a great entry to the market and our industry.

Idaho 148
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Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Labs Insights

Alt-lending marketplace for consumers. B2B ecommerece credit management. HQ: Minneapolis, Minnesota. Sentiment analysis for capital markets. Tags: Consumer, lending, underwriting, alt-lending, loans, personal financial management, P2P, person-to-person. Total raised: $30+ million. Source: Crunchbase.