Bank Innovation

AUGUST 2, 2019

Nyca Partners has closed on $210 million for its third investment fund, a vehicle that will let it continue to support the growth of fintech innovation, David Sica, partner at the New York- and San Francisco-based venture firm, told Bank Innovation. “I think there’s still a lot of opportunity,” Sica said.

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MARCH 19, 2020

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). The Utah Department of Financial Institutions still has to issues approvals to the San Francisco-based FinTech.

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Bank Innovation

FEBRUARY 18, 2019

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

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San Francisco Fintech Innovation Security 186

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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. Financial Services FinTech Practice Co-Leader Anthony Rjeily in a statement.

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Bank Innovation

MARCH 29, 2018

In fact, all four panelists on “Where and How to Invest in Fintech Now,” at Bank Innovation 2018 in San Francisco, unanimously dismissed investing in ICOs. Like many others, venture capitalists are skeptical about investing in Initial Coin Offerings (ICOs). ICOs are rapidly falling in popularity.

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APRIL 13, 2020

Square Capital announced Monday (April 13) it’s the latest FinTech to participate in the federal Paycheck Protection Program (PPP). Square Capital joins PayPal in being able to distribute PPP loans. Small Business Administration loans and will collaborate with Celtic Bank of Salt Lake City to launch its program this week.

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SEPTEMBER 17, 2020

Affirm , a San Francisco-based point-of-sale (POS), buy now, pay later (BNPL) lender, announced a $500 million series G round of funding Thursday (Sept. The privately-held FinTech was founded in 2012 as an installment loan provider for shoppers to finance a purchase.

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JANUARY 24, 2020

While businesses have more sources of capital than ever before, from bank loans to initial coin offerings to alternative online investments, experts are urging small to medium-sized businesses (SMBs) to take a strategic approach to their fundraising efforts — often by combining a variety of funding sources to mitigate risk. Flutterwave.

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MAY 22, 2017

Menlo Ventures , the Silicon Valley venture capital firm, closed a new $450 million venture capital fund aimed at investing in early stage companies focused in the consumer, enterprise and so-called frontier technologies markets. Of the investments, half will go to fund seed and Series A deals, noted the report.

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JULY 31, 2020

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. Varo is the first consumer FinTech to receive a new national bank charter from the U.S. To date, Varo has raised $419.4 million.

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MARCH 19, 2019

Santander InnoVentures, Santander Group’s global corporate venture capital fund, announced Tuesday (March 19) its appointment of Chris Gottschalk as a senior adviser to lead the $200M fund’s strategic direction in the U.S. Prior to Blumberg, Gottschalk worked at Menlo Ventures. said Gottschalk.

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Bank Innovation

MARCH 21, 2019

The San Francisco-based fintech startup also announced it has surpassed $1 billion in bookings through its platform, which enables small businesses and freelancers to streamline processes from capturing leads and delivering proposals to sending invoices and […].

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DECEMBER 12, 2019

San Francisco FinTech Brex announced a $200 million debt capital raise from Credit Suisse that will be used to expand its eCommerce business and credit offerings to new companies, Brex announced in a press release on Thursday (Dec.

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DECEMBER 17, 2019

Chipper Cash, a FinTech startup in Africa that facilitates cross-border peer-to-peer (P2P) payment services in Kenya, Rwanda, Tanzania, Nigeria, Uganda and Ghana, has raised $6 million in a seed round led by Deciens Capital, according to a report. The last year has been a good one for Africa’s FinTech sector.

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APRIL 8, 2019

Facebook Co-founder Eduardo Saverin has closed out $406 million for B Capital, his venture capital fund, according to a report. So far, the firm has invested in 19 startups, including scooter company Bird, digital insurance agency CXA and Indian FinTech startup Mswipe. citizenship and is known more for his investments in Asia.

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JANUARY 8, 2020

And one question worth posing is: What will happen to FinTech ? Specifically, what will happen to London’s standing as a FinTech hub? The city has long been known as a financial center (especially in Europe) and more recently as FinTech. That was outpaced, perhaps not surprisingly, by San Francisco, but led New York.

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DECEMBER 19, 2018

San Francisco-based FinTech company Square, known for its white card readers, has once again decided to become a banking establishment, according to a report in The Wall Street Journal. The bank will be led by Lewis Goodwin, a former executive at Green Dot, and capitalized with $56 million from Square.

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San Francisco Utah Capital Regulation 165

Bank Innovation

JUNE 28, 2018

For the task, San Francisco-based Bento raised $9 million in a new round of funding today. Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad.

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Let's Talk Payments

DECEMBER 26, 2016

San Francisco, USA – Monday 19 December 2016 – FinTech startup, Paystack, announced that it had closed on a seed investment of $1.3M from international investors Tencent, Comcast Ventures and.

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San Francisco Fintech Capital 100

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MAY 9, 2019

African FinTech payment startup Chipper Cash has attracted some high-profile investors and raised $2.4 The funding round was led by Deciens Capital and joined by 500 Startups and Liquid 2 Ventures, which was co-founded by legendary former 49ers quarterback Joe Montana. million in a funding round, according to a report in TechCrunch.

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JULY 19, 2016

Lending Club, which has been struggling to recover from loan errors and the departure of its Chief Executive (among other issues), has named Patrick Dunne, a veteran of BlackRock, as its new chief capital officer. Dunne most recently was in charge of BlackRock’s San Francisco office.

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NOVEMBER 20, 2020

Modulr helps digital businesses in fields like lending, banking, travel, FinTech, employment services and accounting to build new payment products for customers, the release stated. The San Francisco-based company said in a Thursday (Nov.

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SEPTEMBER 23, 2020

The San Francisco-based digital mortgage and loan platform on Wednesday (Sept. based early growth, FinTech-focused venture capital firm. based early growth, FinTech-focused venture capital firm. Blend , the home loan tech startup, isn’t done growing. The round brought the company’s value to nearly $1.7

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OCTOBER 5, 2020

4) to buy its FinTech competitor, SIA , for about 4.6 The transaction will create a company with a combined market capitalization of around 15 billion euros ($17.6 This is not the first mega deal involving FinTech companies. the San Francisco-based financial services company. billion euros ($5.4 billion euros ($9.1

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JANUARY 21, 2020

Silicon Valley and African FinTech startup Flutterwave closed a $35 million fundraising round and announced partnerships with WorldPay and Visa as it plans expansion on the continent, according to reports on Tuesday (Jan. The company said it will use the funding toward expansion efforts in northern and Francophone Africa.

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Insights on Business

NOVEMBER 5, 2017

As Brexit inches closer to its culmination date of March 2019, one unanswered question from the impending exit from the EU is will London still be seen as the ‘ capital of Fintech ” in Europe? The UK is currently facing its most serious challenge so far as the fintech hub of Europe. and Europe, the U.K.

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Fintech San Francisco Capital Study 96

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DECEMBER 8, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company to debut on the stock market. Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Halts BNPL Transactions On Its Credit Cards. The company, which was valued at $4.8

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AUGUST 27, 2019

million fundraise, India-based FinTech BharatPe revealed new funding for its solution aimed at small businesses. 26) that the company raised $50 million in Series B funding led by Ribbit Capital, based in San Francisco, and Steadview Capital, based in London. Four months after announcing a $15.5

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APRIL 21, 2020

The FinTech company SoFi is making its first leap to go global with a big move into Hong Kong. SoFi CEO Anthony Noto said, in a prepared statement, that “Hong Kong, a financial capital of Asia, is ripe for innovation and a launching pad for further expansion.” Terms of the deal were not disclosed.

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MAY 6, 2019

In a press release, the company — formerly known as TransferTo — said the fundraising round was led by GGV Capital and will be used to grow the business across its key markets. “We The company’s network connects financial companies and FinTechs enabling the movement of funds to and from emerging economies.

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OCTOBER 21, 2016

With a strong penetration of smartphones and mobile commerce, Spain is quickly gaining visibility in the FinTech world, and its capital city is leading the charge. Considered a “dark horse” in FinTech, Madrid is making strides to improve conditions for startups to flourish and boosting record venture rounds for its homegrown companies.

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Insights on Business

NOVEMBER 8, 2018

I thought one panel participant explained eloquently where the financial services industry is in the digital transformation journey when he put it in terms of the incumbent bank’s relationship with fintechs. He observed: We’re in what was described as “Phase 3” with fintechs.

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JUNE 17, 2020

Union Square Ventures, Ribbit, Vy Capital and Silicon Valley Bank, the San Francisco-based startup’s existing investors, and new additions Ventura Capital and Uncorrelated Ventures also participated in the round. Santander InnoVentures said it has invested in more than 30 FinTech companies after being established in 2014.

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APRIL 30, 2020

The FinTech company, based in both San Francisco and Nigeria, secured the venture capital (VC) investment from Worldpay , which has also struck a strategic partnership with the firm. At the time, Flutterwave said it would use the funding to further build out its technology and continue expanding throughout Africa.

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BankInovation

NOVEMBER 4, 2021

The lines have begun to blur at Plaid: The API platform and data network provider fintech typically connects financial institutions to apps and other financial services with which consumers wish to share their data — but that's changing.

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NOVEMBER 12, 2020

The San Francisco-based FinTech raised $500 million in September in a Series G round of funding, bringing its total capital raised to $1.3 Affirm said its partners in the travel industry sector include Delta Vacations, Expedia, Outdoorsy and Priceline.

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MARCH 28, 2019

A bit of cold water may have been splashed on the hype, as reported by CNBC : Executives from two firms with roots in financial services and payments noted at the FinTech Ideas Festival in San Francisco on Wednesday (March 27) that the technology has not delivered how some observers had expected. billion compared to $1.5

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