Payments Source

MARCH 1, 2021

The payment processing company will offer loans and deposit accounts to its small-business customers through a Utah-based industrial bank.

Utah 133

Utah Industry Payments Company 133

PYMNTS

NOVEMBER 1, 2017

State and federal regulators, including the Consumer Financial Protection Bureau (CFPB) are working to hold marketplace lending platforms accountable to usury law compliance, the publication noted, under the argument that the platforms are the true lenders.

Massachusetts 128

Massachusetts Utah National Regulation 128

CB Insights

NOVEMBER 6, 2019

The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. Q2’19 fintech funding topped $8.3B, boosted by a record quarter of $100M+ mega-rounds. KEY TAKEAWAYS.

United States 72

United States Fintech North Carolina Rhode Island 72

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

CFPB Monitor

JANUARY 24, 2022

as a full service national bank headquartered in Cottonwood Heights, Utah. The bank will also provide a fully digital, mobile-first national lending platform for consumers across the country. The OCC announced this week that it has conditionally approved applications from Social Finance Inc.

National 78

National Fintech Company FDIC 78

CB Insights

OCTOBER 26, 2017

Following our previous mapping of the most well funded startups in each state and most well funded food & beverage startups in each state , we used CB Insights database to identify the most well-funded private fintech startup in each state. FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. Click on the image below to enlarge. Washington.

United States 78

United States Fintech North Carolina Rhode Island 78

American Banker

MARCH 1, 2021

The payment processing company will offer loans and deposit accounts to its small-business customers through a Utah-based industrial bank.

Utah 98

Utah Industry Payments Company 98

PYMNTS

JUNE 28, 2019

It wasn’t the only corporate T&E firm that secured new funding, though, nor was it the only B2B FinTech that raised venture capital. Reports in KFGO did not disclose the nature or value of the investment, though noted it is part of HSBC’s broader effort to invest in FinTech. TripActions.

Capital 108

Capital Analytics San Francisco Lending 108

CFPB Monitor

MAY 6, 2019

520(e)(1), which contains a sentence that directly justifies the SPNB charter: “A special purpose bank that conducts activities other than fiduciary activities must conduct at least one of the following three core banking functions: Receiving deposits; paying checks; or lending money.” Supreme Court’s 1984 decision Chevron U.S.A.

Fintech 68

Fintech New York National Regulation 68

CB Insights

MARCH 13, 2019

Collectively, these startups have raised over $5B, with leading companies such as Butterfly Network (Connecticut, $350M in total disclosed equity funding), Welltok (Colorado, $339M), and InsideSales.com (Utah, $264M). See the full map below. We exclude funding from debt, loans, and lines of credit. Pennsylvania. Rhode Island. Washington.

United States 78

United States Rhode Island Massachusetts Connecticut 78

CFPB Monitor

JUNE 15, 2022

The letter explains that although states have tools for going after these lending arrangements, such tools are more costly to employ and less likely to be effective than typical enforcement authorities provided to state financial regulators. A coalition of consumer advocacy groups raised similar concerns in a letter to the FDIC in February.

FDIC 78

FDIC California West Virginia North Carolina 78

CFPB Monitor

JULY 14, 2022

The other provision is Section 22324 which prohibits “contract[ing] for or “negotiat[ing] in this state for a loan to be made outside of the state for purpose of evading or avoiding” California lending law.

California 78

California Innovation Utah Texas 78

CFPB Monitor

MAY 19, 2022

The other provision is Section 22324 which prohibits “contract[ing] for or “negotiat[ing] in this state for a loan to made outside of the state for purpose of evading or avoiding” California lending law.

California 78

California Utah United States FDIC 78

CB Insights

FEBRUARY 13, 2020

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Business lending and corporate cards. Most recently, Stripe has launched a Corporate Card and a Lending product geared towards small businesses.

Online 98

Online Company Retail Payments 98

William Mills

SEPTEMBER 12, 2017

An industry leader in lending and benchmarking solutions for financial institutions. This technology powers a ton of other FinTech companies (something that I don’t think most people know). Provides an Application Program Interface (API) for Fintech apps to connect to banks. They are based in Utah. afs_vision.

Samsung 70

Samsung Mobile User Experience Google 70

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. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States Rank (by FAB score) 1. It’s a work in progress, so expect changes in the formula. **A

Atlanta 29

Atlanta Utah Miami San Francisco 29

Lex Sokolin

SEPTEMBER 23, 2020

Instead, it is replacing payday lending as an industry. 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. They also often lack financial literacy and education? It doesn’t want to be seen as a bank.

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. So far this year, venture funding in the fintech sector have totaled $17.8 Mortgage lending platform. Alt-lending platform. Lending portal. HQ: Salt Lake City, Utah. Source: Finovate. Growth Street.

Company 12

Company Fintech San Francisco Lending 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. The recipients in order of rank: Lending Club CEO & Founder, Renaud Laplanche. Added a small business lending option in 2015. Took the company public in 2014.

Lending 12

Lending San Francisco Utah Capital 12

Fintech Labs Insights

JUNE 11, 2015

Alt-lending platform to SMBs. HQ: Lehi, Utah. HQ: Salt Lake City, Utah. Alt-lending for the elective surgery industry. The post Fintech Fundings: 18 Companies Raise $230 Million Week Ending June 11 appeared first on Finovate. Latest round: $129 million. Total raised: Unknown. Source: Crunchbase. Miura Systems.

Company 12

Company Fintech Utah San Francisco 12

Fintech Labs Insights

JUNE 25, 2015

And there are few fintech success stories bigger than 2008 alum, Credit Karma , which scored $175 million this week at a reported $3.5 That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). So far this year, fintech has attracted $7.9 HQ: Salt Lake City, Utah.

Puerto Rico 12

Puerto Rico St. Louis Fintech Company 12

Fintech Labs Insights

OCTOBER 1, 2015

Fintech circles were abuzz this week as four massive fundings pushing several companies higher up the billion-dollar valuation ladder (yep, I can avoid the U-word if I really try). student loans, the worldwide fintech total surpassed one billion ($1.254 billion to be precise) thanks to Paytm ($675 million), Avant ($325 million) and 17 others.

San Francisco 12

San Francisco Company Fintech New York City 12

Fintech Labs Insights

JUNE 16, 2016

Along with the usual payment and lending startups, two insurtech companies raised substantial rounds: Embroker ($12.2 EZBob landed a $25 million debt commitmen t to increase its SMB lending. Fintech deals by size from May 14 to 20, 2016: Clover Health. HQ: Lehi, Utah. Real estate marketplace lending. million Debt.

San Francisco 12

San Francisco Company New York City South Carolina 12

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. The 33 Biggest Fintech Conferences & Events in 2021.

United States 15

United States Fintech Utah Software 15

Fintech Labs Insights

APRIL 15, 2022

Now that the pandemic appears to be relatively under control, fintech founders are more likely to create new businesses focusing on the SMB opportunity. Banking-as-a-Service (and fintech-as-a-service) providers have proliferated in the past 5 years, making it much easier to start a neo/challenger bank. HQ: Salt Lake City, Utah.

Utah 15

Utah Lending Fintech Digital Banking 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. The total value is now $1.42 trillion up from $1.25

United States 15

United States Fintech Utah Lending 15

Fintech Labs Insights

APRIL 4, 2016

Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Bluefin Payments received $6 million to expand its secure payment system. Stratumn grabbed $670,000 for its blockchain services. Latest round: $150 million Private Equity.

New York City 12

New York City Company Fintech California 12

Fintech Labs Insights

FEBRUARY 15, 2016

Despite turmoil in global equity markets, the fintech sector continued its 3-year bull market with 21 companies raising $259.1 Six weeks into the new year, fintech companies have raised $4.5 Here are the fintech deals by size from 6 Feb to 12 Feb 2016: Renew Financial. HQ: Salt Lake, Utah. times the $1.9 Maestro Health.

Company 12

Company Fintech New York City Comparison 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. Alt-lending. 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

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. Online consumer lending. HQ: Provo, Utah. Person-to-person small biz lending platform. Multi-family lending management. RealtyMogul took in another $18.4 Source: Finovate.

Company 12

Company New York City Fintech San Francisco 12

Fintech Labs Insights

APRIL 30, 2015

HQ: Provo, Utah. The post Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1 appeared first on Finovate. Tags: Peer-to-peer, P2P, lending, investing. Source: Crunchbase. MX (formerly MoneyDesktop). Digital banking platform for financial institutions. Latest round: $30 million Series A. Total raised: $61.7

Las Vegas 12

Las Vegas Company North Carolina Fintech 12

Fintech Labs Insights

NOVEMBER 4, 2021

The company says it has facilitated more than $12B in loans over its life ($10B was PPP lending) to more than 300,000 businesses (213,000 were PPP loans) (source: company website 4 Nov 2021). HQ: Salt Lake City, Utah. The 238 Fintech Unicorns of the 21st Century (Sep 2021). Lendio maintains an impressive 4.7 Credit cards.

Utah 15

Utah Google Cards Lending 15

Fintech Labs Insights

AUGUST 4, 2016

Small business lending marketplace Lendio released its second quarter financial results this week. The Utah-based company reached a milestone, having matched 10,000 small businesses with $250 million in loans since its 2011 launch. In 2015 the Utah-based company facilitated over $128 million in financing to more than 5,100 businesses.

North Carolina 12

North Carolina Utah New Jersey Colorado 12

Fintech Labs Insights

MAY 12, 2021

We are calling it the FAB score, standing for Fintech Attention Barometer. Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. HQ: Salt Lake City, Utah. Related: Watch 12 Fintech Startups Pitch at Startupbootcamp Amsterdam Demo Day (May 2021 update)). 1,050,000. SmartBiz Loans.

Atlanta 15

Atlanta Utah DC Detroit 15

Fintech Labs Insights

NOVEMBER 19, 2021

We are calling it the FAB score, standing for Fintech Attention Barometer. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. HQ: Salt Lake City, Utah. The 260 Fintech Unicorns of the 21st Century (Oct 2021). CAN Capital. Fundera (NerdWallet). Biz2Credit. Lighter Capital.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

We are calling it the FAB score, standing for Fintech Attention Barometer. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. HQ: Salt Lake City, Utah. The 260 Fintech Unicorns of the 21st Century (Oct 2021). CAN Capital. Fundera (NerdWallet). Biz2Credit. Lighter Capital.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

We are calling it the FAB score, standing for Fintech Attention Barometer. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. HQ: Salt Lake City, Utah. CAN Capital. Fundera (NerdWallet). Biz2Credit. Lighter Capital. It’s a work in progress, so expect changes in the formula.

Atlanta 15

Atlanta Utah Miami DC 15