PYMNTS

MAY 11, 2020

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

Capital 141

Capital Mobile User Experience Groups 141

PYMNTS

JANUARY 7, 2021

Digitally native mattress and home goods brand platform Resident landed a $130 million investment headed up by Nexus Capital Management and Ion Crossover Partners with participation from Baron Capital Group in Q4 of 2020, according to a Thursday (Jan. percent in contrast to Q3 2019. 7) announcement.

Capital 217

Capital Strategy Branding Operations 217

PYMNTS

JANUARY 22, 2021

One proposition is a 9 percent core capital requirement on the top tier, akin to banks. Middle-layer non-bank lenders would follow a board-approved policy on capital adequacy, and upper-layer shadow financiers would follow exposure rules like those big banks follow. It will only let them take on a limited amount of leverage.

Regulation 272

Regulation Capital Lending Groups 272

PYMNTS

AUGUST 7, 2020

Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019. with total funding nearly reaching $391.25 million this week. Volante Technologies.

Fintech 251

Fintech Capital New Jersey Payments 251

PYMNTS

DECEMBER 29, 2019

business loans and capital investment have essentially plateaued in the second half of 2019, in what experts say is a reflection of the slowing industrial economy. CRE loans can be regarded as business loans by another name, as businesses borrow against their real estate to finance operations.

US 132

US Capital Lending Industry 132

PYMNTS

FEBRUARY 26, 2020

As its gross merchandise volume (GMV) topped $1 billion for 2019, The RealReal Inc. In a call with analysts, CEO and Founder Julie Wainwright noted that the company generated a GMV of $1.008 billion for the full year 2019. reported a contribution profit per order of $19.72 and buyer acquisition cost (BAC) of $114 for the year.

Groups 130

Groups America US Marketing 130

PYMNTS

JANUARY 25, 2021

In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Dropbox leader Adrienne Gormley will become the chief operating officer. The mobile digital-only bank now has over 5 million customers, more than twice the number of users than it had in early 2019. Following the U.K.’s

Fintech 254

Fintech Operations Tools Capital 254

Bank Innovation

JANUARY 2, 2019

It's the beginning of a new year, and naturally new trends will take shape. The seed for some trends like voice banking and contactless payments were already planted last year, while others such like core overhauls went relatively untouched last year.

Trends 218

Trends Fintech cryptocurrency Payments 218

PYMNTS

NOVEMBER 25, 2020

Female FinTech entrepreneurs are getting left out of funding even as record venture capital money is being pumped into startups. billion in the first three quarters of 2020, which is 20 percent more than the same period in 2019. Companies that did get funding received only 0.9 percent of total monies raised. .

Fintech 288

Fintech New York Innovation Industry 288

PYMNTS

DECEMBER 15, 2020

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. 31, 2019, and the gross assets in its audited balance sheet were $197 million as of Dec.

California 220

California Hawaii Arkansas Nevada 220

PYMNTS

NOVEMBER 12, 2020

Bloomberg noted that although the private-label credit card market has grown to $191 billion, Wells Fargo still lags behind major players such as Synchrony Financial, Citigroup and Capital One Financial. percent in 2019 and its share of borrowings at 3.63 Others are operating in a less constrained way.”.

Cards 285

Cards Conference Groups Report 285

Abrigo

NOVEMBER 13, 2024

Leveraged has improved since 2019. Businesses' working capital cycles are longer. The latest data from Abrigo shows that even with a 350-basis-point increase in interest rates, the average DSCR for privately held businesses was 5.75x in 2023, nearly unchanged from 5.73x in 2019. Interest coverage ratios have stayed strong.

Lending 221

Lending Meeting Data Risk Management 221

Bank Innovation

FEBRUARY 5, 2019

Time is running out to apply for Bank Innovation’s DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in hopes of earning their vote and walking away with prizes. The application deadline is Friday, February 8. Apply here.

Conference 170

Conference Fintech social media Operations 170

PYMNTS

SEPTEMBER 30, 2020

“We believe demand by small businesses seeking access to unsecured capital will be at unprecedented levels because most businesses have already accessed the government-backed business loan programs in the U.K. The FinTech has been operating in those markets for over 12 years. “It and Australia market,” said Goldin in the release.

Fintech 210

Fintech New York Capital Lending 210

PYMNTS

NOVEMBER 26, 2019

Banks have to regularly report financial data to make sure they’re operating within the law, and to make sure they have buffers against market shifts in terms of risk and capital. The bank added that the returns did not provide a reliable picture of how much capital Citigroup had, or the amount of liquidity as well.

Report 191

Report Capital Regulation Meeting 191

PYMNTS

OCTOBER 12, 2020

He said Qume’s goal, since forming early in 2019, was to build a regulatory-friendly, more decentralized experience for things like custody. The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more. regulators not coming as a surprise.

Bitcoin 261

Bitcoin Compliance Lending Regulation 261

PYMNTS

JANUARY 24, 2021

In 2019, criminal activity constituted 2.1 in January of 2018, and after that, an underground operation emerged, in which the yen were exchanged for other digital currencies on a dark website. Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. billion in transfers. But that number dropped to 0.34

Bitcoin 234

Bitcoin Marketing cryptocurrency Cards 234

Perficient

JULY 12, 2022

With an increasing comfort with digital technology within financial services, firms must challenge traditional operating models and leverage digital tools to create an authentic relationship and earn (and retain) trust. population is considered Millennial or younger, as of July 2019) , the demand for personalization grows.

Industry 294

Industry Branding Customer Experience Marketing Automation 294

PYMNTS

DECEMBER 3, 2020

Some studies suggest that 68 percent of cross-border B2B payments were made via wire transfers as recently as 2019. . Operations like these are not just time-consuming and costly, but also challenging to handle during the pandemic. This can help cash-strapped companies operate, even with reduced capital in reserve. .

Capital 132

Capital Management Operations Innovation 132

PYMNTS

NOVEMBER 22, 2020

But over the summer, corporate cards were able to help alleviate some of the financial burden of the pandemic in areas where businesses couldn’t operate at full capacity. Mastercard also rolled out a service to help with working capital and automation.

Cards 221

Cards Payments Innovation Regional 221

PYMNTS

DECEMBER 17, 2020

Kakao Bank is one of only two digital banks in the country and became profitable in 2019, according to Reuters, after less than two years of operation. The timing of the IPO hasn't been decided, although Reuters reported that analysts predict it will happen in the second half of 2021. Kakao Pay , the FinTech arm of Kakao Corp.

Samsung 243

Samsung Digital Banking Security Fintech 243

PYMNTS

FEBRUARY 6, 2019

Raisin , the pan-European FinTech that operates a marketplace for savings and investment products, announced Wednesday (February 6) that it raised $114 million in venture capital funding, bringing the total amount it has raised to $200 million. in 2018 and plans to add two or more markets to the platform in 2019.

Capital 176

Capital Fintech Marketing Retail 176

PYMNTS

FEBRUARY 26, 2020

The acquisition does not include the G4S Retail Cash Solutions business or the cash operations in South Africa, the U.K. This transaction represents our largest acquisition to date and further demonstrates our disciplined approach to value-added capital allocation,” said Doug Pertz, president and CEO of Brink’s.

Virginia 175

Virginia New York Operations Capital 175

PYMNTS

JUNE 29, 2020

But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates. Analysis of more than 1,400 companies in the region found a whopping 40 percent increase in the portion of businesses that are being paid late, compared to 2019 research. ” $1.3

Payments 256

Payments Analysis Capital Strategy 256

PYMNTS

JUNE 29, 2020

“With its tremendous, ongoing success in its core markets, we believe that this merger and its accompanying capital infusion will enable Shift to expand its product offerings and execute on its growth strategies.”. Arison said the move was about adding capital to scale the company. Merging with Insurance Acquisition Corp.

San Francisco 245

San Francisco Metro Online Capital 245

PYMNTS

OCTOBER 22, 2020

The Hong Kong sale is being managed China International Capital Corp. , Citigroup , J.P. billion sold on each, which would be 11 percent of its enlarged share capital before a 15 percent greenshoe or over-allotment option is utilized. percent jump from 2019, Reuters reports. Morgan and Morgan Stanley. billion yuan.

Groups 175

Groups Capital Fintech Regulation 175

PYMNTS

NOVEMBER 1, 2020

France, along with the other 15 eurozone countries, has ordered the closing of restaurants, bars and shops deemed non-essential, although factories will be allowed to operate. The latest round of shutdowns comes amid a spike in COVID-19 cases in the eurozone and following a sharp rebound in the region's economy. Amazon on Thursday (Oct.

Retail 206

Retail Regional Policies Operations 206

PYMNTS

JANUARY 11, 2019

The food delivery space keeps heating up — the latest news is that Postmates has scored a $100 million investment in advance of its initial public offering (IPO), expected with the first six months of 2019. Meanwhile, the eCommerce operator and logistics heavyweight continues investing in its delivery fleet. billion valuation.

Online 176

Online San Francisco Capital Operations 176

PYMNTS

NOVEMBER 10, 2020

Nigeria-based Kuda , which operates its own mobile-first challenger bank, now has $10 million after a funding round in what TechCrunch reported is the biggest seed round ever raised in Africa. Kuda launched in 2019 and has since racked up almost 300,000 customers, including some small businesses as of late, the report stated.

Mobile 186

Mobile Capital Report Management 186

PYMNTS

MARCH 26, 2019

In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. More recently, data released from GLI Finance — an investor focused on the small business alternative finance market — reveals the difficulties of alternative lending investment in 2019.

Lending 190

Lending Capital Fintech Security 190

Abrigo

APRIL 25, 2024

The negative correlation of funded business loans to the Fed funds rate is a staggering 86% as businesses weigh their needs for capital against expensive debt and lenders aim to limit risk. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets.

Lending 221

Lending Trends Capital Strategy 221

PYMNTS

JANUARY 25, 2021

One idea is a 9 percent core capital mandate on the top tier. trillion in 2019. 55-Plus Group Lends Optimism To Travel Operators. 55-Plus Group Lends Optimism To Travel Operators. Foreign Companies Abandon US Investments In Favor Of China. FDI dropped to $859 billion in 2020 from $1.5

United States 217

United States Regulation Payments Lending 217

PYMNTS

JULY 6, 2020

Last week, Luckin completed the investigation that blamed the company’s former CEO and chief operating officer for inflating the embattled Chinese java giant’s revenue and expenses by hundreds of millions of dollars. Just 11 months later, Luckin announced more than $300 million of its 2019 sales were fabricated.

Report 162

Report Operations Meeting Capital 162

PYMNTS

JULY 10, 2020

The nCino Bank operating system is a single, multi-tenant cloud platform that digitizes client onboarding, loan origination and deposit account opening across commercial, small business and retail lines of business. percent of total revenues) in 2019 and $38 million (65.4 Sales are expected to start during the week of July 13.

North Carolina 197

North Carolina Software Compliance Security 197

Abrigo

APRIL 22, 2024

The piece covers: The small business lending market and its role in communities and the economy Traditional depository institutions’ changing market share in small business lending The challenges (financial and operational) of small business lending for banks, credit unions, and borrowers. trillion between 2019 and 2022.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

MAY 5, 2020

“Almost overnight, our company went from being on the eve of accomplishing an unprecedented milestone, the first next-generation micromobility company to reach profitability, to one where we had to pause operations in 99 percent of our markets worldwide to support cities’ efforts at social distancing,” he wrote. .

Company 168

Company Report Capital Operations 168

South State Correspondent

JANUARY 30, 2024

The good news is that for many other areas, budgets are lower at banks compared to last year, and the fact that IT is still positive underscores the strategic imperative that banks face to digitize traditional operations, reduce costs, gain scale, and improve the customer experience. Usually, a bank spends about 8% of its revenue on IT.

Capital 195

Capital Operations Customer Experience Comparison 195