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Lendio Has Facilitated More Than $500 Million In Small Business Loans

PYMNTS

Lendio , a free online service that helps business owners find the right small business loans within minutes, announced it has helped facilitate more than $500 million in financing to more than 21,000 small businesses across the U.S.

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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” North Carolina Office of the Commissioner of Banks. South Carolina Department of Consumer Affairs.

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Application Fraud, Analytics – and Gamecocks?

FICO

Online lenders are being hard-hit; fraudsters are applying for multiple loans within minutes , with no intentions of repaying them. Those expectations have transferred directly to lending; customers expect ever-faster loan approvals, and online lenders are happy to oblige. Customer expectations create fraud opportunities.

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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.

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Fintech Fundings: 28 Companies Raise $400 Million Week Ending May 20

Fintech Labs Insights

Along with the usual payment and lending startups, two insurtech companies raised substantial rounds: Embroker ($12.2 EZBob landed a $25 million debt commitmen t to increase its SMB lending. HQ: Charlston, South Carolina. Real estate marketplace lending. Online cap table management. Tink raised $10.2

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Fintech Fundings: 14 Companies Raise $100 Million Week Ending Sep 4

Fintech Labs Insights

loans, commercial, underwriting, online, SMB. HQ: Charleston, South Carolina. Tags: Indirect lending, automobiles, car dealers, installment loans, insurance. . ——– Here are the fundings from 29 Aug to 4 Sep by size: Prospa. Australian alt-lender to small businesses. HQ: Sydney, Australia.

Company 12
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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Online marketplace for real estate investing. HQ: Charleston, South Carolina. Online consumer lending. Person-to-person small biz lending platform. Multi-family lending management. Tags: SMB, enterprise, commercial lending, non-residential real estate, underwriting, investing. Source: Finovate.

Company 12