PYMNTS

JANUARY 8, 2021

Backers zeroed-in on a range of industries, including SMB banking and lending. With plans to launch a new small business lending bank in the U.K., India's BharatPe, which operates a B2B payments platform, is currently in the process of building credit solutions for its business users that will include short-term capital loans.

Fintech 203

Fintech Capital Lending Operations 203

PYMNTS

MAY 2, 2017

For small businesses, expansion is key, and expansion needs capital. In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. 500,000 in the United States, with terms of three to five years.

Puerto Rico 118

Puerto Rico Lending Online United States 118

PYMNTS

JULY 20, 2018

California lawmakers are considering legislation that would extend disclosure requirements currently required by consumer lenders to lenders of small business loan products, according to Manatt, Phelps & Phillips, LLP. According to the article’s authors, Thomas R. McMorrow and Charles E.

California 100

California Los Angeles Lending Regulation 100

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Lendingkart.

Fintech 179

Fintech Analytics Capital Lending 179

PYMNTS

SEPTEMBER 25, 2020

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S.

San Jose 261

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Abrigo

MARCH 9, 2017

Community Development Financial Institution (CDFI) loan funds help to promote healthy communities by providing early-stage credit, capital, and financial services to small businesses, affordable housing and community facilities developers, community organizations, and other types of borrowers. communities where capital tends to be scarce.

Community 246

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PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

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Lending Compliance Capital Marketing 100

PYMNTS

APRIL 28, 2017

venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. This week’s B2B venture capital roundup is quite indicative of these trends. According to KPMG’s U.S.

Fintech 192

Fintech San Francisco Capital Software 192

Payments Source

JANUARY 26, 2021

company is acquiring Allegro, a California lender that finances the purchase of hearing aids and other health-related products or services. It’s aiming to capitalize on the rising popularity of point-of-sale lending and a need for more financing options in health care — especially as more Americans turn to high-deductible plans.

California 118

California Lending Capital Company 118

Bank Innovation

DECEMBER 8, 2017

Other investors include California-based investment firms Accel and TCV, both of whom […]. EXCLUSIVE- Emerging markets-focused money transfer app WorldRemit has raised another round of funding, bringing the total amount to $220 million.

California 249

California Marketing Capital Online 249

PYMNTS

APRIL 16, 2020

three California technology companies, all wanted a piece of the federal government’s $350 billion loan program, which was designed to keep businesses in the black during the COVID-19 pandemic. . It didn’t help that the SBA’s online loan platform couldn’t handle the lending software the companies used. PayPal Holdings Inc.,

Fintech 160

Fintech Lending Software Training 160

PYMNTS

SEPTEMBER 17, 2020

Five years after LoanDepot ditched plans to go public, the California-based lender, now worth as much as $15 billion, is giving the idea a second look. We continue to evaluate capital options and are excited about our industry position,” CEO Anthony Hsieh told Bloomberg. Securities and Exchange Commission (SEC).

San Francisco 160

San Francisco New York Lending California 160

PYMNTS

AUGUST 14, 2020

Mexico’s Creze secured about $12 million in fresh funding that will bolster the company’s small business lending operations. The company will aim to enhance its risk analysis to accelerate loan processing for businesses to receive capital access financing within three days, per reports in Contxto.

California 163

California Capital Fintech Security 163

PYMNTS

JULY 13, 2020

Minneapolis-based buy now, pay later (BNPL) firm Sezzle has raised $55 million in its latest capital round, according to a press release. Sezzle was also approved for a lending license by California’s Department of Business Oversight (DBO) in January.

Minneapolis 181

Minneapolis California Strategy Lending 181

PYMNTS

NOVEMBER 2, 2018

The investors followed a Series C investment round closed by Veritas earlier this year, which was led by CDC, Pai and Lok Capital. Targeting small and medium-sized businesses with its asset-based lending solution, The Credit Junction revealed a $23 million equity investment from Century Equity Partners this week. The Credit Junction.

Fintech 188

Fintech Capital Security Fraud 188

PYMNTS

JUNE 22, 2020

And second, the Opportunity Fund has also seen that every dollar it lends to an SMB creates $2 in local economic activity in the form of wages, spending and tax revenues. To the contrary, small-business lending will likely retract because the segment looks that much riskier. Many Small Businesses Only Have Two Weeks Of Cash.

Maine 246

Maine Lending Community Fintech 246

South State Correspondent

MAY 9, 2024

This data is critical for pricing, capital allocation, and marketing. The credit risk in California increased the most by 103 bps due to higher inflation, primarily driven by wage costs. As can be seen, Georgia, California, and Nevada have the highest levels of probabilities of defaults and some of the highest increases.

Data 195

Data Trends North Dakota Capital 195

PYMNTS

OCTOBER 4, 2019

An Egyptian firm landed the MENA region’s largest-ever seed round, a California company proved U.S.-based based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. based Steadview Capital, adding to the previous Series A round announced in April.

Capital 128

Capital Lending California Regional 128

PYMNTS

JANUARY 17, 2020

With Tradeshift securing a nine-figured fundraise, the supply chain payments company was the undoubted leader of this week’s B2B venture capital fundraise. Alternative small business lending platform Akseleran, based in Indonesia, announced $8.55 Alternative small business lending platform Akseleran, based in Indonesia, announced $8.55

Payments 131

Payments Capital California Security 131

PYMNTS

MARCH 8, 2019

This week’s B2B Venture Capital roundup shows FIs are placing funding with their FinTech partners, too, including Nationwide and HSBC U.K., For traditional financial institutions (FIs), working with a would-be competitor means integrating technologies for customers without having to build solutions from scratch. Betterworks.

Fintech 181

Fintech Software Capital Lending 181

Abrigo

JUNE 25, 2015

In Q1 2015, the Midwest accounted for the largest pocket of lending, with 71 percent of the total farm loans for the quarter ($35 billion). The biggest name in ag lending is unlikely to be a surprise – John Deere Financial FSB. The north Texas bank, which specializes in commercial lending, lent nearly $600 million.

Community Bank 150

Community Bank Sacramento Lending Wisconsin 150

PYMNTS

NOVEMBER 29, 2019

Vouch Insurance , which offers insurance to high-growth technology firms through an online platform, said last week that it has raised $45 million in a funding round, and has expanded its service into California. The total raised to date comes in at $70 million.

Policies 191

Policies California United States Management 191

PYMNTS

JUNE 8, 2018

While the alternative lending hype has dulled a bit, it’s been replaced by a far greater hype-machine: blockchain. This week’s venture capital (VC) investment tracker finds that both blockchain and alternative finance are leading markets. FinCompare.

blockchain 115

blockchain California Capital Lending 115

PYMNTS

MARCH 21, 2019

The latest move raises Aura’s raised capital amount to $403 million through 21 bond issuances, a number that has helped to fund 283,469 loans. who simply don’t have access to safe lending and are susceptible to predatory lenders. James Gutierrez, CEO and founder of Aura, said the capital will help further the company’s mission. “We

Arizona 107

Arizona Illinois Community Capital 107

PYMNTS

JULY 30, 2020

Bork will spearhead Sezzle’s enterprise business development efforts, as the company focuses on client acquisition following its recent capital raise. As PYMNTS recently reported , the buy now, pay later (BNPL) firm raised $55 million in its latest capital round. The company offers U.S.

Minneapolis 145

Minneapolis Leadership Strategy California 145

Jeff For Banks

JULY 19, 2020

Excess Capital 3. I defined excess capital as top quartile tangible equity to assets for the most recent year ended 2019. We surely should award higher multiples to faster growers, with top quartile capital, and a superior deposit mix than those that lack those attributes. SBA Lending. The three attributes were: 1.

Lending 109

Lending Capital California Taxes 109

American Banker

JANUARY 26, 2021

company is acquiring Allegro, a California lender that finances the purchase of hearing aids and other health-related products or services. It’s aiming to capitalize on the rising popularity of point-of-sale lending and a need for more financing options in health care — especially as more Americans turn to high-deductible plans.

California 85

California Lending Capital Company 85

CB Insights

AUGUST 16, 2021

Upgrade , an online lending platform, has raised $105M in a Series E. The round drew participation from Black River Ventures, Ventura Capital, and Koch Disruptive Technologies. California-based Upgrade focuses on providing consumers with affordable and ethical credit. HOW’S THE COMPANY PERFORMING? Want the full post?

Lending 68

Lending Online Bitcoin California 68

PYMNTS

MAY 11, 2018

With more than $175 million raised for B2B startups this week, the undoubted winner was a California-based artificial intelligence data analytics company – a sign, the firm noted, of the enterprise’s increasing reliance on AI. Alternative Lending. Check out the latest investment rounds below. CCRManager. Artificial Intelligence.

Analytics 109

Analytics blockchain California Lending 109

PYMNTS

SEPTEMBER 28, 2020

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

San Francisco 139

San Francisco New York City Houston Dallas 139

PYMNTS

JULY 20, 2018

million with B2B startups this past week, and while investment targets were diverse (including B2B eCommerce and small business lending), the bulk of the funding landed at companies focused on enhancing businesses’ ability to assess their performance. Investors placed more than $136.5

Analytics 105

Analytics Capital Tools California 105

PYMNTS

JANUARY 13, 2017

12), the company said California-based venture capital firm Accel Partners led the funding round, with participation from Index Ventures, Union Square Ventures, and Temasek Holdings. “It’s probably a combination of things,” Cormac Leech, a principal at private-equity firm Victory Park Capital Advisors, told Bloomberg.

Lending 100

Lending California Capital Online 100

Abrigo

SEPTEMBER 5, 2023

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). Path to removal – Sometimes an exception is like the Hotel California – you can check out anytime you like, but you can never leave. It just stays on forever. A guarantee generally should be unlimited and continuing.

Policies 195

Policies Lending Risk Management Examples 195

PYMNTS

SEPTEMBER 1, 2017

Don’t let the lack of news about mega-grossing venture capital (VC) rounds fool you. This week’s B2B venture capital activity led to an impressive $141.2 SIG, GGV Capital, Yunqi Partners, Huochebang, SKy9 Capital and Chuangban Investment also participated in the funding round, reports said. TravelBank.

Fintech 135

Fintech Capital Groups Analytics 135

PYMNTS

JULY 14, 2017

With headquarters in California, PayStand provides cash management and accounts receivable solutions to business customers using blockchain and SaaS tools. The company recently announced new venture capital, and while it didn’t disclose how much it raised, the investor is quite noteworthy. Alternative Lending. The same-day U.K.

Fintech 134

Fintech Capital Innovation Industry 134

PYMNTS

JULY 27, 2020

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. The investor was TSG Capital Partners, according to TechCrunch. In February, Menlo, California-based TCV led a $500 million round.

United States 140

United States Leadership Risk Management California 140

PYMNTS

JULY 26, 2019

Drip Capital. With home bases in both India and California, Drip Capital revealed this week a $25 million Series B funding round for its trade financing technology and solutions that help small business exporters manage working capital. Raising $62.26 million, U.K.

Capital 155

Capital Operations America Management 155