CFPB Monitor

JUNE 11, 2019

Utah Governor Gary Herbert signed H.B. This bill created the nation’s third regulatory sandbox program for fintechs, after Arizona , which enacted sandbox legislation in March 2018, and Wyoming , which enacted sandbox legislation in February of this year. The sponsor of Utah’s legislation, Rep.

Utah 60

Utah Arizona Innovation Regulation 60

PYMNTS

OCTOBER 17, 2017

All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active. And while much has been quiet on the ILC front ever since, as of 2017, two big FinTechs made them very visible again: Sofi in June and Square in mid-September. Industrial banks are not subject to BHA.

Industry 108

Industry Fintech FDIC Community Bank 108

PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Lulalend lends directly to SMBs that can apply online, with an automated approval process accelerating access to capital.

Capital 108

Capital Analytics San Francisco Lending 108

Fintech Labs Insights

JULY 30, 2024

We are calling it the FAB score, standing for Fintech Attention Barometer. Several lenders pay Fintech Labs a referral fee for funded loans. CAN Capital FAB Score = 127 (down 1) – HQ: Atlanta – Founded: 1998 – Raised: $1.0B Why Credibly? Financing up to $400,000 | Get funds in as little as 24 hours | Factor rates as low as 1.11

Atlanta 29

Atlanta Utah Miami San Francisco 29

PYMNTS

JULY 14, 2020

Utah-based FuturePay has consistently appeared in PYMNTS’ top 5 alternative credit apps, with its offer of flexible monthly payments for consumers and up-front settlement for merchants. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. Leveraging Risk the Right Way.

Lending 130

Lending FDIC Minneapolis Utah 130

Fintech Labs Insights

OCTOBER 1, 2024

Get Started Founded: 2016 | HQ: Utah | Funding: $418M Below is a list of the 17 challenger business credit cards currently active in the United States. FAB score = Fintech Attention Barometer , a proprietary measure of company size calculated by Fintech Labs. 4,800 18 16 Dash.fi (was FunnelDash ) 4 1 Oct 24 2016 Austin $3.7

Cards 29

Cards Online Utah New Jersey 29

Bank Innovation

JUNE 15, 2017

It’s not everyday that a fintech applies for a bank charter, so when SoFi did just that it caught our eye. But will this be a big bank? The short answer is no, or not at least for a few years. Buried in SoFi’s application are details on the proposed bank’s staffing size. The bank […].

Fintech 250

Fintech Utah Operations America 250

Fintech Labs Insights

MAY 12, 2021

CAN Capital. Lighter Capital. We are calling it the FAB score, standing for Fintech Attention Barometer. The 171 Fintech Unicorns of the 21st Century (April 2021 update). The 171 Fintech Unicorns of the 21st Century (April 2021 update). First Look: Watch 7 Fintech Startups Pitch at Startupbootcamp Sydney.

Atlanta 15

Atlanta Utah DC Detroit 15

Fintech Labs Insights

MAY 12, 2021

CAN Capital. Lighter Capital. We are calling it the FAB score, standing for Fintech Attention Barometer. HQ: Salt Lake City, Utah. CAN Capital. Lighter Capital. 1,050,000. SmartBiz Loans. 1,350,000. 1,200,000. Biz2Credit. Fundera (NerdWallet). Camino Financial. Fund that Flip. HoneyComb Credit. Pittsburgh.

Atlanta 15

Atlanta Utah DC Detroit 15

Fintech Labs Insights

NOVEMBER 19, 2021

CAN Capital. Lighter Capital. We are calling it the FAB score, standing for Fintech Attention Barometer. CAN Capital. Lighter Capital. HQ: Salt Lake City, Utah. The 260 Fintech Unicorns of the 21st Century (Oct 2021). Fundera (NerdWallet). Biz2Credit. Trustpilot : 4.8 3,020 reviews). Founded: 2012.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

CAN Capital. Lighter Capital. We are calling it the FAB score, standing for Fintech Attention Barometer. CAN Capital. Lighter Capital. HQ: Salt Lake City, Utah. The 260 Fintech Unicorns of the 21st Century (Oct 2021). Fundera (NerdWallet). Biz2Credit. Trustpilot : 4.8 3,020 reviews). Founded: 2012.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

CAN Capital. Lighter Capital. We are calling it the FAB score, standing for Fintech Attention Barometer. CAN Capital. Lighter Capital. HQ: Salt Lake City, Utah. Fundera (NerdWallet). Biz2Credit. It’s a work in progress, so expect changes in the formula. Trustpilot : 4.8 3,020 reviews). FAB Score = 125. –

Atlanta 15

Atlanta Utah Miami DC 15

Lex Sokolin

SEPTEMBER 23, 2020

To the extent it pipes people to banking product, that goes to a $500 million market capitalization public company that makes prepaid cards. It doesn’t have an ILC charter from Utah, or a crypto bank charter from Wyoming, or a straight-up bank charter like Varo, nor has it acquired any banks like Lending Club or Jiko. No shenanigans.

Capital 52

Capital Software Lending Apple 52

Fintech Labs Insights

NOVEMBER 30, 2015

In total, 12 fintech companies raised $152 million, though 5 of the deals did not release the amount raised. Finovate alum Lighter Capital had the second-biggest round this week raising $9 million in equity and announcing a loan-funding commitment of $100 million (not included in fundraising totals). Lighter Capital.

Company 12

Company Fintech San Francisco Lending 12

Fintech Labs Insights

DECEMBER 11, 2015

Around the web: Financial Planning speculates about Personal Capital’s future. Utah Business Magazine names Lendio one of the best companies to work for in Utah for the third consecutive year. Arroweye Solutions selected to provide prepaid card production and personalization services for The Members Group.

Utah 12

Utah Capital Groups Cards 12

PYMNTS

MAY 3, 2019

Business confidence remains relatively high, but the latest analysis from CB Insights found that venture capital (VC) investment took a turn for the worse in Q1. Reports earlier this week in the Financial Times revealed that global venture capital funding dropped 13 percent to $6.3 Rider Global was joined by A.P.

Fintech 160

Fintech Capital blockchain Management 160

Fintech Labs Insights

JUNE 16, 2016

Finovate alums accounted for 40% of the week’s dollar volume including: Personal Capital raised $75 million for its digital wealth management service. Fintech deals by size from May 14 to 20, 2016: Clover Health. Personal Capital. HQ: Lehi, Utah. HQ: Sandy, Utah. Acclerator: VC Fintech. efileCabinet.

San Francisco 12

San Francisco Company New York City South Carolina 12

Fintech Labs Insights

DECEMBER 1, 2021

Leading USA Digital Small Business Charge Cards ranked by FAB score (Fintech Attention Barometer*). Notes : *FAB score = Fintech Attention Barometer , a proprietary measure calculated by Fintech Labs. Lola (acquired by Capital One, 2021) FAB Score = 11. – First Look at Brex, Fintech’s Youngest Unicorn.

Cards 15

Cards Online Utah Austin 15

Fintech Labs Insights

DECEMBER 1, 2021

Leading USA Digital Small Business Charge Cards ranked by FAB score (Fintech Attention Barometer*). Notes : *FAB score = Fintech Attention Barometer , a proprietary measure calculated by Fintech Labs. Lola (acquired by Capital One, 2021) FAB Score = 11. – First Look at Brex, Fintech’s Youngest Unicorn.

Cards 15

Cards Online Utah Austin 15

Fintech Labs Insights

JULY 18, 2023

Divvy is one of the biggest fintech success stories of the 2020s. Founded in late 2016 by Blake Murray and Alex Bean, the Lehi, Utah-based startup went from founding to a $2.3 The post SMB Cards & Spend Management Profile: Divvy (Bill.com) first appeared on Fintech Labs SMB Center. billion exit in just 4.5

Management 15

Management Cards Software Utah 15

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Stripe went on to raise a seed round from Sequoia Capital, Andreessen Horowitz, SV Angel, and PayPal founders Peter Thiel and Elon Musk in 2011.

Online 98

Online Company Retail Payments 98

Fintech Labs Insights

JANUARY 9, 2023

Divvy is one of the biggest fintech success stories of the 2020s. Founded in late 2016 by Blake Murray and Alex Bean, the Lehi, Utah-based startup went from founding to a $2.5 Timeline of a fintech rocket ship: September 2016: Founded in Lehi, Utah by Blake Murray and Alex Bean. billion exit in just 4.5

Management 15

Management Cards Software Utah 15

Fintech Labs Insights

JUNE 23, 2015

UPS Capital, the financial services business division for United Parcel Service, to offer loans to its small business customers via Kabbage. LoanNow launches in Utah. FCI Federal Credit Union deploys CruiseNet core processing system from Jack Henry’s Symitar division.

Utah 12

Utah Capital System Mobile 12

CB Insights

AUGUST 31, 2017

The trend is poised to reach an all-time high in 2017: in the first half of this year, the venture capital arms of corporations participated in $1.8B Corporate Investors in the Round: Baidu Capital, Lenovo Ventures Group, Tencent Holdings. Corporate Investors in the Round: Intel Capital, Microsoft Ventures, Tencent Holdings.

California 61

California Capital Company Industry 61

Fintech Labs Insights

DECEMBER 8, 2016

Real-time financial data aggregation provider Finicity will use $42 million in new capital to drive new product development, especially financial management and payment solutions for the credit decisioning market.

Utah 12

Utah New York Data Capital 12

Fintech Labs Insights

AUGUST 18, 2015

Around the web: Check out Utah Business’ video interview of Ryan Caldwell, MX CEO, honored as one of Utah’s Fast 50. On Finovate.com: Four Finovate Alums Land on Inc. Magazine Top 100. Come see what MX has for developers at FinDEVr this October.

Utah 12

Utah Video Payments Company 12

Fintech Labs Insights

JULY 12, 2016

With 38 deals reported – one shy of the weekly record – fintech companies raised $303 million worldwide the first week of June. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. HQ: Salt Lake City, Utah. Kikka Capital. Nine of the deals were for undisclosed amounts and $2 million was reported as debt.

New York City 12

New York City Company Fintech San Francisco 12

Fintech Labs Insights

OCTOBER 25, 2016

Leading the round were Comcast Ventures and Stereo Capital. Existing investors Napier Park, Blumberg Capital, Tribeca Venture Partners and North Hill Ventures also contributed, bringing the company’s total funding to $31 million. Small business loan marketplace Lendio reeled in $20 million in Series D funding today.

Utah 12

Utah Capital Branding Company 12

Fintech Labs Insights

APRIL 30, 2015

Five-time Best of Show award winner, MX , has boosted its total capital to more than $50 million with this week’s raise of $30 million. The Series A round was led by USAA (via a subsidiary), and featured participation from existing investor Commerce Ventures and new investor Digital Garage, based out of Tokyo.

Utah 12

Utah Technology Capital Groups 12

Fintech Labs Insights

APRIL 27, 2016

This week, small business lender Mayava Capital honored the most influential people in small business lending in its Marketplace Lending Power 20 awards. OnDeck Capital CEO, Noah Breslow. Recognized as one of Utah’s fastest growing companies in 2011. Acquired BillGuard for $30 million in 2015.

Lending 12

Lending San Francisco Utah Capital 12

Fintech Labs Insights

AUGUST 1, 2016

” A multiple Best of Show winner, Utah-based MX demonstrated its cross-platform fintech framework, Helios, at FinovateFall 2014 , showing its technology at work on nine different devices from an iPhone to a Windows tablet. Q2 demonstrated its Risk & Fraud Analytics platform at FinovateSpring 2011.

Technology 12

Technology San Francisco Nebraska UX 12

Fintech Labs Insights

AUGUST 11, 2016

Based in Salt Lake City, Utah, Finicity demoed its Data Services technology at FinovateSpring 2015 , and more recently presented at FinDEVr New York 2016 this spring. The company went public in June , raising more than $150 million, and now sports a market capitalization of $4 billion.

San Francisco 12

San Francisco Utah Case Study New York 12

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 131

Fintech Strategy Leadership Lending 131

Fintech Labs Insights

FEBRUARY 2, 2021

At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). It is the 7th fintech unicorn based in India, and the 4th most valuable. Divvy : Two Utah companies became unicorns this month. Full Fintech Unicorn List. Personal Capital. The total value is now $1.42

United States 15

United States Fintech Utah Lending 15

Fintech Labs Insights

FEBRUARY 2, 2021

At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). It is the 7th fintech unicorn based in India, and the 4th most valuable. Divvy : Two Utah companies became unicorns this month. Full Fintech Unicorn List. Personal Capital. The total value is now $1.42

United States 15

United States Fintech Utah Software 15

Fintech Labs Insights

JANUARY 18, 2016

Year-to-date fintech companies have raised $450 million in new equity, 67% more than the $270 million raised in the first half of January 2015. HQ: Provo, Utah. Startup capital raising platform. The post Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15 appeared first on Finovate. Mambu attracted $8.7

Company 12

Company New York City Fintech San Francisco 12

Fintech Labs Insights

JUNE 1, 2015

LoanNow currently operates in its home state of California as well as in Utah and Missouri. Loan amounts range from $2,500 to $5,000 in California, and $1,000 to $5,000 in Utah and Missouri. And that represents a commitment of not just financial capital, but human capital, as well.

San Jose 12

San Jose Missouri Utah Groups 12