Capital, Lending and New York City - Community Banking Brief

Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS).

Capital

Capital Fintech New York City Security

CRE risk management: Navigating hazards and opportunities

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

Risk Management

Risk Management Management Lending Capital

Instant Pay Startup Clair Notches $4.5M To Help Gig Workers

PYMNTS

OCTOBER 9, 2020

New York City-based FinTech startup Clair has raised $4.5 million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly. The funding was led by Upfront Ventures. We believe that everybody should be able to freely access money they’ve already earned.” .

New York City

New York City Lending New York Fintech

Webinars

Back to Basics with Reconciliations

MORE WEBINARS

Is your credit union ready to grow member business lending (MBL)?

Abrigo

SEPTEMBER 16, 2015

Member business lending (MBL) has been a hot topic in the financial services community this summer, particularly as the industry awaits finalization of the NCUA’s rule changes. stands as the number one in MBL – more than doubling the second-ranked CU for business lending. The New York City-based institution offered members nearly $1.8

Lending

Lending New York City New York Strategy

Helping Investors Avoid The Lending Club Trap

PYMNTS

APRIL 26, 2017

Online lending as a business model has taken some lumps over the last several months, with Lending Club (and investors) only the most visible casualty of alleged fraud. As for questions surrounding the viability of these online lending platforms, as posited by Webster, Moore said the model exists as one that is here to stay.

Lending

Lending New York City Online Fraud

B2B Tech Startups Land Backing To Modernize The Enterprise

PYMNTS

SEPTEMBER 4, 2020

The company said it would use the investment to expand its product features with a focus on its automated lending infrastructure, and noted it will now include ACH processing in its offering. Honcho plans to deploy the investment towards new hires and invest in its product roadmap.

New York City

New York City Capital Colorado Software

Popular Bank appoints Adam Dejak to lead Popular Mortgage

PopularBank

JANUARY 28, 2022

We are thrilled to welcome Adam Dejak as National Director of Residential Lending for Popular Mortgage. Based in New York, Adam will oversee our residential mortgage lending 1 business and will be responsible for driving growth and development of the entire program, cultivating talent, and continuing to expand our mortgage loan options.

New York City

New York City New York Lending National

Wells Fargo Taps Former Mastercard Exec To Run Merchant Services

PYMNTS

AUGUST 12, 2019

Taylor also previously worked at Capital One, Chase Manhattan Bank and JPMorgan. 26, and she will be based in New York City. Last month, Wells Fargo also added four new executives to its roster. She graduated from Spelman College and earned her MBA from The Wharton School at the University of Pennsylvania.

New York City

New York City Pennsylvania New York Community Bank

Neiman Marcus Emerges From Chapter 11

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

San Francisco New York City Houston Dallas

Investors Haven’t Forgotten About Alternative SMB Finance

PYMNTS

DECEMBER 15, 2017

By now, the alternative lending market is hardly new, and investor appetite for startups in the space seems to have waned. This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. SMB Finance.

Fraud

Fraud Capital New York City Lending

FTC Issues Annual ECOA Report to CFPB

CFPB Monitor

FEBRUARY 10, 2021

With regard to fair lending enforcement, the letter highlights two developments: The FTC brought one fair lending enforcement action in 2020 in federal court against a New York City car dealer and its general manager. Capital One, N.A. Currently, no information is publicly available about this new group.

Report

Report New York City Lending Regulation

Today In Data: Alt FIs Raise Funding, SMBs In The US And AI Gets Backing

PYMNTS

DECEMBER 15, 2017

Today in PYMNTS’ data, small- and medium-sized businesses (SMBs) have won the alternative financial venture capital (VC) funding rounds, millions of SMBs are in operation in the U.S. — 30 million | Higher end estimation of the number of SMBs in operation in the U.S. today, according to the United States Small Business Administration.

Data

Data New York City eBook US

Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

PYMNTS

FEBRUARY 7, 2020

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

Austin

Austin Lending New York City Omaha

Commercial Real Estate Insights

PopularBank

JUNE 1, 2021

Mitchell shared that during this time, Popular Bank strategically leaned into high-touch relationships to better support existing relationships, while also better gauging the integrity of the commercial lending portfolio. Identifying Commercial Real Estate Lending Bright Spots. Anticipated back-to-work economy to drive optimism.

New York

New York New York City Lending Industry

Are banks taking advantage of the CECL extension?

Independent Banker

OCTOBER 31, 2021

The standard allowance for loan and lease losses (ALLL) used to account for those losses didn’t offer a timely way to adjust regulatory capital. For those banks, early adoption is an option, but few if any community banks are choosing it, according to James Kendrick, ICBA’s first vice president of accounting and capital policy.

Community Bank

Community Bank Community Software New York City

A Regulatory Oversight?

Independent Banker

DECEMBER 29, 2015

ICBA warns of risks of online marketplace lending models. Online marketplace lenders are a new form of nonbank specialty lending that uses technology platforms to allow Wall Street and individual investors to directly fund loans to consumers and small businesses. Lend exclusively over online peer-to-peer platforms.

San Francisco

San Francisco Lending New York City Online

BizFi Reaches $1.8 Billion Small Business Lending Milestone

Fintech Labs Insights

AUGUST 17, 2016

Courtesy of more than $144 million in originations in the second quarter, small business lending platform Bizfi has just surpassed $1.8 Founded in 2005 and headquartered in New York City, Bizfi demonstrated its technology at FinovateFall 2015. Billion Small Business Lending Milestone appeared first on Finovate.

Lending

Lending New York City New York Taxes

OnDeck Adds New Small Business Lending Options

Fintech Labs Insights

OCTOBER 22, 2015

.” Pictured (left to right): Miranda Lanzillotti, Marketing Communications Manager, and Pamela Rice, Senior Vice President of Technology, for OnDeck, discussing lending APIs at FinDEVr 2014. And last month, the company teamed up with Intuit to launch a $100 million lending fund for small businesses.

Lending

Lending San Francisco New York City New York

CEO Roundtable: Ideas for a successful 2023

Independent Banker

DECEMBER 31, 2022

Anita Drentlaw , CEO, president and CFO at $190 million-asset New Market Bank in Elko New Market, Minn. Jill Sung , president and CEO of $325 million-asset Abacus Federal Savings Bank in New York City. So we’re careful when we lend out commercial real estate loans. The ICBA view on… Lending.

Community Bank

Community Bank Community Tampa North Carolina

The ICBA 22/23 executive committee is all in

Independent Banker

MARCH 31, 2022

At-large director Jill Sung (not pictured), President and CEO, Abacus Federal Savings Bank, New York City. I look forward to getting back in front of our regulators, senators and representatives for face-to-face visits to rebuild personal connections and gain their support during this year’s ICBA Capital Summit.

Community Bank

Community Bank Community Industry Texas

Fintech Fundings: 18 Companies Raise $210 Million Week Ending Sep 10

Fintech Labs Insights

SEPTEMBER 10, 2015

The total included mega-rounds of $30+ million to three lending plays: FundBox ($50 mil), CommonBond ($35 mil), Orchard Platform ($30 million) and one financial-institution-supported blockchain startup: Chain ($35 mil). HQ: New York City. Powering marketplace lending. HQ: New York City.

San Francisco

San Francisco New York City Company Fintech

Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Labs Insights

JULY 21, 2016

Pearl Capital. HQ: New York City. HQ: New York City. Alt-lending marketplace for consumers. HQ: New York City. Sentiment analysis for capital markets. Latest round: Unknown amount of new capital in Reverse IPO ($117 million value). Source: Crunchbase.

New York City

New York City Fintech Company San Francisco

Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

FEBRUARY 23, 2016

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2 FlexScore was bought by United Capital . P2P lending marketplace.

Company

Company Fintech San Francisco Texas

Fintech Fundings: 114 Companies Raised $7.3 Billion in April

Fintech Labs Insights

MAY 19, 2016

Marketplace small business lending platform. AI for capital markets news. HQ: New York City. Tags: Consumer, lending, credit, underwriting, healthcare, payments, insurance. Fintech deals by size from 23 April to 29 April 2016: Mosaic. Marketplace lender for residential solor projects. Almax Analytics.

San Francisco

San Francisco Company Fintech California

Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

AUGUST 1, 2016

Alt-lending to small businesses. HQ: New York City. Marketplace lending analytics. HQ: New York City. Tags: SMB, lending, credit, underwriting, payments, point-of-sale, mobile, trade finance. Total raised: $42 million. HQ: Ahmedabad, India. Source: Crunchbase. West Creek Financial.

Company

Company Fintech New York City Lending

Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Labs Insights

MARCH 1, 2016

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2 FlexScore was bought by United Capital . HQ: New York City.

New York City

New York City Company Fintech San Francisco

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

JANUARY 18, 2016

HQ: New York City. HQ: New York City. Online consumer lending. Person-to-person small biz lending platform. Startup capital raising platform. Tags: SMB, credit, lending, loans, underwriting, investing, P2P, business loans, crowdfunding. Source: Finovate. Person-to-person lender.

Company

Company New York City Fintech San Francisco

Fintech Fundings: 38 Companies Raise $220 Million the Second Week of June

Fintech Labs Insights

JULY 14, 2016

HQ: New York City. Tags: Consumer, lending, alt-lending, underwriting, credit. Alt-lender and payments. Latest round: $20.6 million Post-IPO Equity. Total raised: $121.6 million (Post-IPO including $100 million Debt). HQ: Perth, Australia. Source: Crunchbase. Enerprise health benefits platform. Latest round: $17.7

San Francisco

San Francisco Company Fintech California

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

JUNE 6, 2016

Capital Float. Working capital financing. Capital Float. Working capital financing. HQ: New York City. HQ: New York City. HQ: Brooklyn, New York. Tags: SMB, investors, commercial mortgage, P2P lending, credit, underwriting, real estate. Source: Crunchbase.

Company

Company Fintech San Francisco New York City

Fintech Fundings: 23 Companies Raise $530 Million Week Ending July 8

Fintech Labs Insights

AUGUST 5, 2016

Lending Works. P2P lending platform. Lending Works. P2P lending platform. HQ: New York City. HQ: New York City. Tags: SMB, investing, fundraising, capital, VC, angel investing. Source: Crunchbase. Finanzchef24. Online broker. Latest round: $4.5 Total raised: $12.6

San Francisco

San Francisco Company New York City Fintech

Fintech Fundings: 20 Companies Raise $175 Million Week Ending Nov 6

Fintech Labs Insights

NOVEMBER 9, 2015

Two Finovate alums added capital: Roostify which picked up $500,000 from Wells Fargo’s startup accelerator to further its mission to streamline the mortgage process for consumers and Figo , a German-based firm, which banked “7 figures” to expand its suite of banking APIs. P2P lending. Expansion Capital Group.

Company

Company Fintech South Dakota San Jose

Fintech Fundings: 14 Companies Raise $160 Million Week Ending May 15

Fintech Labs Insights

MAY 15, 2015

Vouch landed $6 million to help put the “first P” back in P2P lending. In total, 14 companies raised $160 million (not counting the undisclosed amount Square raked in to fund more alt-lending to its SMB customers). Online lending ( Paidy ). HQ: New York City. Lending social network.

San Francisco

San Francisco Company Fintech California

Lull Hits B2B FinTech Venture Capital Funding

CRE risk management: Navigating hazards and opportunities

Webinars

Trending Sources

Instant Pay Startup Clair Notches $4.5M To Help Gig Workers

Webinars

Is your credit union ready to grow member business lending (MBL)?

Helping Investors Avoid The Lending Club Trap

B2B Tech Startups Land Backing To Modernize The Enterprise

Popular Bank appoints Adam Dejak to lead Popular Mortgage

Wells Fargo Taps Former Mastercard Exec To Run Merchant Services

Neiman Marcus Emerges From Chapter 11

Investors Haven’t Forgotten About Alternative SMB Finance

FTC Issues Annual ECOA Report to CFPB

Today In Data: Alt FIs Raise Funding, SMBs In The US And AI Gets Backing

Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

Commercial Real Estate Insights

Are banks taking advantage of the CECL extension?

A Regulatory Oversight?

BizFi Reaches $1.8 Billion Small Business Lending Milestone

OnDeck Adds New Small Business Lending Options

CEO Roundtable: Ideas for a successful 2023

The ICBA 22/23 executive committee is all in

Fintech Fundings: 18 Companies Raise $210 Million Week Ending Sep 10

Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Fundings: 26 Companies Raise $270 Million Second Week of August

Director Cordray and Comptroller Curry speak at LendIt USA conference

LendKey Adds $8 Million in Venture Debt; Reaches $800 Million in Loans

Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Fundings: 28 Companies Raise $400 Million Week Ending May 20

Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12

Fintech Fundings: 39 Companies Raise $930 Million Week Ending April 15

Finovate Debuts: LiftForward Allows Clients to Offer Risk-Free Purchase Financing

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Digital Lending & The Biggest Conference Bankers Aren’t Attending

Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Fundings: 114 Companies Raised $7.3 Billion in April

Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Fundings: 38 Companies Raise $220 Million the Second Week of June

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Fundings: 23 Companies Raise $530 Million Week Ending July 8

Fintech Fundings: 20 Companies Raise $175 Million Week Ending Nov 6

Fintech Fundings: 14 Companies Raise $160 Million Week Ending May 15

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