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SourceMedia’s Small Business Banking Conference Show – No Shortage of Innovation

William Mills

Between massive tax revisions and the end of net neutrality, small businesses are expected to struggle in the coming year, creating an opportunity for financial institutions to step in and provide real value. Think Quicken Loans® on steroids but for small business lending. www.miradortech.com. RCGILTNER Services, Inc.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). HQ: Portland, Oregon. Canopy Tax (formerly Beanstalk). Tax & accounting practice management. Tags: Lending, underwriting, consumer, loans, P2P, crowdfunding, investing. billion valuation.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

million for its P2P lending platform for small businesses. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. Tags: SMB, lending, P2P, peer-to-peer, underwriting, credit, investing, Finovate alum. SmartAsset raised $3.8

Company 12
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Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 VAT tax refund solution . HQ: Portland, Oregon. HQ: Portland, Oregon. million Equity).

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CFPB Looks To Regulate Overdrafts In 2017 – If It Still Can

PYMNTS

Some observers noted that revenue from overdraft fees now outpaces that from pawn shops, payday lenders and tax-refund anticipation cheques put together. “[Overdrafts] allow customers to spend money they don’t have — then punish them for it,” notes Josh Reich, co-founder and CEO of Simple, an online bank based in Portland, Oregon.