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Lendified And The SMB/Millennial Connection

PYMNTS

The CEO told PYMNTS that the $20 million credit pact will be earmarked for direct lending and that there is a “multiplier effect” that would come as that money is moved into the economy — enough so that more than $60 million in final funding may result, which could help create new businesses and jobs.

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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. And at least some of those firms – Monzo among them – are applying for banking licenses in the United States. The age of personalized service is upon us.

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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

Lending 148
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New Data: Receivers Value Instant Payouts Enough To Pay To Get Them

PYMNTS

Most United States consumers and microbusinesses that receive disbursements — known as “payees” — do not have immediate access to their funds, however. In fact, just 13 percent of the latter and 8 percent of the former say they receive their funds through instant payments to debit cards, credit cards, prepaid cards or digital wallets.

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America’s Expanding Debt Footprint (And What It Really Means)

PYMNTS

When the Great Recession kicked off a decade ago, for a brief but memorable time, it seemed as though credit in the United States was never going to recover. ” While mortgages have calmed down, and credit card lending has been flat, there has been a massive counterbalancing spike in student loan debt.

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OnePlus Brings Mobile Payment Platform To China

PYMNTS

In large markets such as China, the United States and India, mobile payment is very popular. In separate news from December, Xiaomi , the biggest smartphone company in India, is offering a credit platform meant to bring in millennials and young professionals in the country.

Mobile 108
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Apps And Alternative Finance Gain FinTech Investor Favor In India

PYMNTS

million through a Series B financing round that was in turn led by Ribbit Capital, based in the United States. Groww focuses on investment products and services marketed to millennials. Also in the lending space, NeoGrowth Credit, which focuses on SME lending, has raised $17 million through debt financing from France’s Proparco.

Fintech 144