PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018.

Report 269

Report San Francisco Lending America 269

Bank Innovation

AUGUST 25, 2017

The funding round was led by Menlo Park, California-based venture capital firm Greylock Partners. Other investors included Emergence Capital, 8VC, Lightspeed Venture Partners, and Nyca Partners. Based in San Francisco, Blend was established […].

San Francisco 225

San Francisco Technology California Capital 225

PYMNTS

JUNE 23, 2016

The online lending landscape may get rockier as federal regulators are eyeing whether to bolster their oversight on loans extended to small businesses. The focus of these lenders has been to extend capital to small businesses and startups, and those players have maintained that more regulations could hurt business.

Lending 100

Lending Regulation San Francisco Online 100

Bank Innovation

MARCH 9, 2018

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

San Francisco 276

San Francisco Fintech Innovation Technology 276

PYMNTS

SEPTEMBER 17, 2020

We continue to evaluate capital options and are excited about our industry position,” CEO Anthony Hsieh told Bloomberg. the San Francisco-based peer-to peer lending firm and OnDeck Capital, the New York-based online small business lending company, which went public at the time were already trading down, Housing Wire reported.

San Francisco 160

San Francisco New York Lending California 160

Bank Innovation

JUNE 19, 2019

The Series C funding round, led by Andreessen Horowitz, will help the San Francisco-based company hire more engineers to help build out more products, according to Erica Dorfman, Tally’s head of finance and operations. […].

San Francisco 218

San Francisco Operations Company Capital 218

Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

San Francisco 236

San Francisco Fintech United States Marketing 236

PYMNTS

AUGUST 5, 2020

4) night after the San Francisco-based financial services company posted better-than-expected quarterly results for its mobile payment app. Square Capital, the company’s lending division, reported a drop in revenue after it stopped issuing most new loans in the quarter. Square saw its shares skyrocket Tuesday (Aug.

San Francisco 218

San Francisco Capital Taxes Report 218

PYMNTS

DECEMBER 8, 2020

Plus, online lending startup SoFi is looking to go public through a SPAC. 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.

San Francisco 130

San Francisco Community Bank Video Capital 130

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.

San Francisco 186

San Francisco Fintech Innovation Security 186

PYMNTS

AUGUST 27, 2019

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. Reports said that this small business lending operation is key to BharatPe’s profitability. TechCrunch reported Monday (Aug. To date, BharatPe says more than 1.5

San Francisco 116

San Francisco Capital Lending Fintech 116

PYMNTS

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.

San Francisco 165

San Francisco Utah Capital Regulation 165

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 […].

San Francisco 170

San Francisco Management Fintech Company 170

PYMNTS

DECEMBER 5, 2016

Public transport riders in San Francisco got something of an early Christmas present last week – courtesy of a cybercriminal getting some coal in his stocking. San Francisco’s Muni public transit system was reportedly hit by a ransomware attack last weekend (Nov. Hack A Municipal Transit System — Get Hacked Back.

Capital 100

Capital San Francisco Bitcoin United States 100

American Banker

MARCH 11, 2016

The Federal Home Loan Bank of San Francisco is exploring ways to use $40 million it received as part of a private-label securities settlement to support small-business development and job creation to help future homebuyers.

San Francisco 28

San Francisco Security Community Bank Capital 28

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.

San Francisco 170

San Francisco Millennials Tools Management 170

PYMNTS

MAY 29, 2019

The company said it will use the capital to invest in growth and add some muscle to its $2.3 Previous SoFi investors include SoftBank Capital and Peter Thiel. The private capital space has attracted a lot of interest lately: Investments in the area grew to $4.4 billion balance sheet.

San Francisco 116

San Francisco Capital Millennials cryptocurrency 116

PYMNTS

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

San Francisco 180

San Francisco Washington Survey Data 180

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

CB Insights

OCTOBER 22, 2021

Element Finance , a decentralized finance (DeFi) lending protocol for cryptocurrencies, has raised $32M in Series A funding. The round drew participation from Polychain Capital, Rarestone Capital, Andreessen Horowitz, Republic, and Advanced Blockchain, among others. HOW’S THE COMPANY PERFORMING?

San Francisco 56

San Francisco Bitcoin cryptocurrency Capital 56

PYMNTS

APRIL 7, 2017

LendingClub’s former CEO, Renaud Laplanche, who stepped down in May, sending shockwaves throughout the online lending industry, is gearing up to launch a new lender online called Upgrade. According to a report in Fortune , Upgrade of San Francisco, Calif., Laplanche acknowledged loan missteps at LendingClub when he left.

Online 100

Online San Francisco Utah Lending 100

PYMNTS

OCTOBER 5, 2020

The transaction will create a company with a combined market capitalization of around 15 billion euros ($17.6 the San Francisco-based financial services company. Nexi , the Italian digital payment company, agreed Sunday (Oct. 4) to buy its FinTech competitor, SIA , for about 4.6 billion euros ($5.4 billion euros ($9.1

Company 151

Company San Francisco Payments Fintech 151

PYMNTS

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.

Cards 196

Cards Payments San Francisco Tools 196

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

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

Community San Francisco Capital Philadelphia 246

PYMNTS

AUGUST 12, 2020

Square has been offering loans to small businesses through its Square Capital arm. The San Francisco-based financial services firm said its adjusted earnings were 18 cents per share. Last week, Square reported $1.92 billion in net revenue for the second quarter, up 64 percent compared to the same period one year ago.

San Francisco 176

San Francisco Survey Cards Report 176

PYMNTS

MAY 4, 2016

With the recent tightening of the capital markets, we are refocusing on our core consumer loans business,” he said. 40 million | What Prosper paid to acquire medical-lending firm American Healthcare Lending LLC and personal-finance startup Billguard Inc.

San Francisco 100

San Francisco Phoenix Utah Data 100

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. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Capital 108

Capital Analytics San Francisco Lending 108

PYMNTS

MAY 8, 2020

The poll was conducted by a San Francisco-based advocacy group called Small Business Majority, and its CEO John Arensmeyer has been a proponent of community grants that exist outside of the formal banking system that has controlled government aid up to this point. Most small businesses don’t have a lending relationship with a bank.

Maine 142

Maine Groups San Francisco Lending 142

PYMNTS

JULY 18, 2017

Which leads to the interesting case of Renaud Laplanche, the co-founder and former CEO of Lending Club and the co-founder and current CEO of online lender Upgrade. Both Lending Club and Laplanche are currently facing shareholder litigation that claims they concealed material weaknesses in the online lender’s ability to monitor its operations.

Lending 122

Lending San Francisco Online Risk Management 122

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

MAY 4, 2016

The biggest individual cut will be a Utah office dedicated to lending for medical procedures, but 14 percent of Prosper’s San Francisco- and Phoenix-based workforce is also on its way out the door. All in, 171 jobs will be cut. CEO Aaron Vermut will be forgoing his salary this year.

San Francisco 100

San Francisco Phoenix Utah Lending 100

PYMNTS

OCTOBER 9, 2019

Because threat actors often get recipients’ emails from password breach lists, they sometimes include passwords to lend authenticity,” Hunter Johnson, Cofense Professional Services at Cofense, wrote in a blog post. Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. percent rate.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

PYMNTS

NOVEMBER 9, 2018

The company plans to open its first international office following the investment, which was led by Dawn Capital, said reports in CBR Online. This week, the firm announced $30 million in funding from private investment platform Morgan Stanley Expansion Capital, according to a press release. SESAMi/Capital Match.

Software 158

Software Capital North Carolina San Francisco 158

American Banker

DECEMBER 15, 2016

Capital Business Credit, a New York-based business finance company, has been acquired by a San Francisco-based lender.

San Francisco 28

San Francisco Capital New York Company 28

PYMNTS

FEBRUARY 17, 2020

The historical focus of credit unions has been consumer lending , with a focus on providing the lowest rates to customers. Making it to the top of the pile is about more than making an offering, she said: “It’s about building the right one – and making sure consumers know it’s there to capitalize on.”. Building The Right Offerings .

San Francisco 184

San Francisco Cards Lending Meeting 184

Jeff For Banks

NOVEMBER 19, 2014

Her answer: lack of capital. The above chart is from a Federal Reserve Bank of San Francisco Economic Letter: Slow Business Start-ups and the Job Recovery published in July. But in strategic planning retreats that I moderate, community financial institutions insist that they lend to small businesses. Some took offense.

Lending 89

Lending San Francisco Community Community Bank 89