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With $200m debt capital raise, Brex seeks to grow e-commerce client base

Bank Innovation

On the heels of a $200 million debt capital raise confirmed this week, corporate card and financial product startup Brex plans to ramp up its product offerings for e-commerce entrepreneurs. Chief Financial Officer Michael Tannenbaum told Bank Innovation […].

Capital 221
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Fifth Third Links Rejected Business Borrowers To Alt-Lender

PYMNTS

To offer expanded services as it pursues a digital innovation strategy of harnessing partnerships to provide an enhanced customer experience, Fifth Third is teaming with Fundation for small business loans. Companies that lack access to capital are not able to grow their operations or have had to cut their headcounts.

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How Can Financial Services Institutions Better Support Women? – An International Women’s Day Blog

Perficient

This program strives to provide “women entrepreneurs around the world with business and management education, mentoring and networking, and access to capital.” The program has 10 courses in topics including business finance, digital marketing, and innovation strategy.

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Brex: Market volatility not ‘doomsday’ for tech funding

Bank Innovation

billion since its 2017 founding, is optimistic about venture capital funding for tech companies, despite current market volatility. Brex, a corporate card and financial product startup that has raised $315 million in equity and reached a reported valuation of $2.6

Marketing 199
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OnDeck wants to become ‘mom and pop’ bank of the future

Bank Innovation

CEO Noah Breslow called the target customers “mom and pop, main street small businesses” with less than […]. Small business lender OnDeck is making a pitch to Main Street. The company, which has been outspoken about its pursuit of a bank charter, is trying to move beyond loans and become a digital bank for small businesses.

Maine 312
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Bankers and aggregators disagree on data-sharing approaches

Bank Innovation

The parameters around how consumer financial information should be shared with third-party apps and platforms was the subject of debate at an industry forum organized by the Consumer Financial Protection Bureau in Washington, D.C., on Wednesday.

Data 300
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Join our ‘Fintech in the Age of Coronavirus’ Zoom meeting (Subscribers Only) 

Bank Innovation

What is the role of innovation in response to these rapidly unfolding events? For insights into these questions, Bank Innovation and INV Fintech, its sister banking innovation services platform, will present a special Zoom meeting on […]. How will banks and startups work together?

Meeting 293