article thumbnail

BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options

PYMNTS

This will allow the Minneapolis-based Sezzle to offer more long-term loans. Our collaboration with Ally Lending enhances our customer financing offerings, making it possible for consumers to better manage their finances," said Charlie Youakim , executive chairman and CEO of Sezzle, in a press release. "We

Lending 198
article thumbnail

Kristen Larson joins Ballard Spahr’s Consumer Financial Services Group

CFPB Monitor

She is resident in the firm’s Minneapolis office. Kristen’s practice involves consumer, small business, and treasury management products and services; digital banking; emerging payments; servicing; innovative technology; information security; operations; marketing; and complex service contracts.

Groups 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BNPL Sezzle Raises $55M

PYMNTS

Minneapolis-based buy now, pay later (BNPL) firm Sezzle has raised $55 million in its latest capital round, according to a press release. Eligible Sezzle holders will also be able to acquire additional CDIs through a Security Purchase Plan (SPP). The company allows shoppers to make payments in four equal numbers across six weeks.

article thumbnail

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

PYMNTS

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30 Leveraging Risk the Right Way.

Lending 130
article thumbnail

Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

In a July survey of 931 firms that received PPP loans, Barlow Research Associates, the Minneapolis-based bank market research company, revealed that of the businesses that secured PPP funding, 28 percent received their loan from a lender with whom they had no prior relationship or a bank that wasn’t their primary one.

article thumbnail

Education: By Popular Demand

Independent Banker

It teaches bankers how to develop a compliance program, meet lending compliance requirements, and comply with deposit and marketing regulations. 8–12 in Minneapolis. 14–17 in Minneapolis. Bank Security Institute. 11–13 in Minneapolis. 12–16 (week one) in Minneapolis. 19–23 (week two) in Minneapolis.

article thumbnail

Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 161 $323 21 Branch 357 2015 Minneapolis 222,000 $633 22 Albert 315 2015 LA 1,270,000 $176 23 Current 307 2015 NYC 856,000 $402 24 Greenlight 302 2014 Atlanta 458,000 3.8 Consumers have been banking online for 28 years.