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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Venture Capital Funding. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Bancorp in 2001 in a $2.1

Strategy 109
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Green Dot CEO: 20 Years Of Innovating ‘Banking For The Masses’

PYMNTS

Those who called the company’s “call center” — which was essentially a storage closet with two desks and two phones at the time, Streit noted — were adults with jobs who either didn’t want to have a bank account or had issues that prevented them from getting one. What’s Next.

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What Every Banker Needs to Know Today About Artificial Intelligence

Gonzobanker

If you just thought of HAL in 2001: Space Odyssey telling Dave he was getting pissed, you’re there! The notion that somehow machine learning techniques can magically usher in artificial intelligence at the bank or credit union without the need for human data scientist resources is folly. Oh, and you can’t just outsource this.

Analysis 102
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players.

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Top 34 Digital Lenders to U.S. Small Businesses (SMB) (July 2024)

Fintech Labs Insights

Unfortunately, we didn’t track when the first business loan application went online, but it was likely a few years later, let’s call it 2000/2001. But as you can see from the chart below, the digital SMB lenders began in earnest during and immediately after the 2007/2008 financial crash. So, the capability has existed for 20+ years.

Atlanta 29
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Top 28 Digital Lenders to U.S. Small Businesses

Fintech Labs Insights

Unfortunately, we didn’t track when the first business loan application went online, but it was likely a few years later, let’s call it 2000/2001. But as you can see from the chart below, the digital SMB lenders started in earnest during and right after the 2007/2008 financial crash. CAN Capital. Lighter Capital.

Atlanta 15
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The 140 Fintech Unicorns of the 21st Century (Feb 2021 changes)

Fintech Labs Insights

Earnix : The financial services analytics provider, founded in 2001 and is second only to Finicity for longest time to get to the $1B valuation. Personal Capital. Online Digital Banks for Small Businesses. InvestCloud : LA-based startup founded in 2010 builds cloud-based apps for financial services companies. 31-Dec-2020.