PYMNTS

SEPTEMBER 18, 2020

This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability. Operating a platform that helps organizations manage their documents, eFileCabinet recently announced $11.5

San Jose 226

San Jose Capital Utah Operations 226

PYMNTS

AUGUST 9, 2019

As of last year, the company employed 63 people, reports said, citing Utah Business data. PE Hub noted that among GPS Capital Markets’ direct competitors is Cambridge Global Payments, another foreign exchange management and cross-border B2B payments company that was acquired by FLEETCOR in 2017 for about $690 million. “We

Capital 108

Capital Marketing Utah Taxes 108

PYMNTS

JUNE 20, 2017

The action comes a week after the FDIC announced that digital lender SoFi had applied to the state of Utah for a special banking charter known as an ILC. Ten years ago Walmart to launch in Utah, where many ILCs are based, and was shut down.

Utah 108

Utah Indiana America Community 108

PYMNTS

MARCH 19, 2020

Also, Square won a banking license for an industrial bank in Utah. FinTech leader Fiserv has acquired independent software vendor Bypass Mobile, an innovator in the point-of-sale systems arena. In today’s top news, due to the coronavirus, over 3,600 workers have lost their jobs and JPMC has temporarily closed 1,000 branches.

FDIC 130

FDIC Utah Payments Mobile 130

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 exit occurred in mid-2021 when Bill.com was looking to expand its offerings in the corporate card and expense management space.

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Management Cards Software Utah 15

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

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. MX, based in Utah, said it plans to deploy the investment to continue building out its data solutions. TripActions.

Capital 108

Capital Analytics San Francisco Lending 108

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.

Lending 130

Lending FDIC Minneapolis Utah 130

Fintech Labs Insights

OCTOBER 1, 2024

The intelligent way to create and pay bills, send invoices, manage expenses, control budgets, and access the credit your business needs to grow—all on one platform. 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.

Cards 29

Cards Online Utah New Jersey 29

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. Lendio FAB Score = 124 (up 16) – HQ: Salt Lake City, Utah – Founded: 2011 (originally founded in 2006 as FundingUtah). It’s a work in progress, so expect changes in the formula. **A

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Atlanta Utah Miami San Francisco 29

Fintech Labs Insights

AUGUST 20, 2024

9,100 10 10 TaxBit 50 20 Aug 2024 2018 Draper, Utah 253 23,000 8 8 Synder 39 20 Aug 2024 2016 SF 3 190,000 12 12 Pilot 33 20 Aug 2024 2016 SF 172 39,000 18t 18t OneUp 28 20 Aug 2024 2017 SF 2 130,000 13 13 Emburse (ChromeRiver) 23 20 Aug 2024 2014 LA 0.1 We call it the FAB score, standing for Fintech Attention Barometer.

Online 15

Online Miami Detroit Houston 15

Fintech Labs Insights

JANUARY 31, 2023

These are the largest events in the financial services industry geared towards payments and card technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart payments firms and card issuers. And prices tend to rise as the event draws closer. Payments UX: Zelle Confuses

Las Vegas 15

Las Vegas Conference Industry San Diego 15

CFPB Monitor

OCTOBER 10, 2019

According to the complaint , Kabbage entered into the scheme with Celtic Bank, a foreign state-chartered bank in Utah, which has no maximum rate limit for commercial loans. A group of small businesses and their individual owners have filed a putative class action lawsuit in a New York federal district court against online lender Kabbage, Inc.

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Massachusetts California New York Utah 84

Fintech Labs Insights

JUNE 17, 2021

Notes : *FAB score = Fintech Attention Barometer , a proprietary measure calculated by Fintech Labs. Expensify is more known for expense management, but introduced a corporate charge card in Oct 2019. First Look at Brex, Fintech’s Youngest Unicorn. FAB Score* . Funding ($M). Visits (5/21). Expensify **.

Cards 15

Cards Online Utah Austin 15

Fintech Labs Insights

JUNE 17, 2021

Notes : *FAB score = Fintech Attention Barometer , a proprietary measure calculated by Fintech Labs. Expensify is more known for expense management, but introduced a corporate charge card in Oct 2019. First Look at Brex, Fintech’s Youngest Unicorn. FAB Score* . Funding ($M). Visits (5/21). Expensify **.

Cards 15

Cards Online Utah Austin 15

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. Digital wealth manager. Consumer credit card management. HQ: Lehi, Utah. Source: Crunchbase.

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San Francisco Company New York City South Carolina 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 Total investment into the fintech sector this week were $240 million flowing to 12 firms. So far this year, fintech has attracted $7.9 Payments risk & compliance management.

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Puerto Rico St. Louis Fintech Company 12

PYMNTS

MAY 3, 2019

This week, the B2B FinTech startup space bucked any notion of a VC downturn with several high-value deals, and one of the busiest VC investment roundup weeks for the B2B space so far this year. Below, PYMNTS breaks down how more than $516 million in venture capital was spread across B2B FinTech firms. FreightHub.

Fintech 160

Fintech Capital blockchain Management 160

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 Deal management plaform. HQ: Salt Lake City, Utah. billion, or about $24 billion including the WorldPay, First Data and Square IPOs.

Company 12

Company Fintech San Francisco Lending 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. Expensify is more known for expense management, but introduced a corporate charge card in Oct 2019. Review Date.

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. Expensify is more known for expense management, but introduced a corporate charge card in Oct 2019. Review Date.

Cards 15

Cards Online Utah Austin 15

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

APRIL 30, 2015

HQ: Provo, Utah. Household bill management solution. The post Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1 appeared first on Finovate. Tags: Home management, bills, billpay, expense sharing, payments, mobile. Source: Crunchbase. MX (formerly MoneyDesktop). Latest round: $30 million Series A.

Las Vegas 12

Las Vegas Company North Carolina Fintech 12

Fintech Labs Insights

JUNE 21, 2016

Money management solutions provider MX launched a new feature to bolster its suite of MoneyDesktop offerings, which include budgeting, account aggregation, transaction history, etc. The company most recently demoed at FinovateFall 2014 where it launched Helios , a cross-platform framework for fintech.

San Francisco 18

San Francisco Utah Conference Data 18

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. Tags: Consumer, advisors, investing, trading, ETFs, wealth management. Online insurance. HQ: Singapore.

New York City 12

New York City Company Fintech San Francisco 12

Fintech Labs Insights

SEPTEMBER 11, 2015

A division of Finicity Corporation, Finicity Data Services provides API services for fintech developers building account aggregation, cash flow verification, and account ownership verification solutions. ” “Real-time transaction data opens many new doors for fintech innovators,” Thomas said.

System 12

System San Jose San Francisco Utah 12

Fintech Labs Insights

JANUARY 26, 2016

MacDonald has roots in the fintech industry; he served as the first CMO of Fiserv ( FinovateFall 2015 demo ) and has held executive positions at Checkpoint ( FinovateFall 2008 demo ) and Qualcomm ( FinovateFall 2009 demo ). MacDonald isn’t the only well-known fintech player MX has recruited.

San Francisco 12

San Francisco Utah User Experience New York 12

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.

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Utah New York Data Capital 12

Lex Sokolin

SEPTEMBER 23, 2020

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. The start-up is claiming to be EBITDA-positive, thereby reaching an amount of (basic) profitability that many fintech companies lack. No shenanigans.

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Capital Software Lending Apple 52

Fintech Labs Insights

APRIL 30, 2015

The strategic implications of the investment in MX include the opportunity to bring its personal/digital finance management technology to the more than 10 million customers of USAA. President and Group CEO Kaoru Hayashi called MX “a dominant force in the U.S.”

Utah 12

Utah Technology Capital Groups 12

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. Stripe Connect and billing services help companies manage marketplaces, subscriptions. Stripe Billing optimizes subscription and invoice management.

Online 98

Online Company Retail Payments 98

Fintech Labs Insights

AUGUST 1, 2016

.” Q2 Contextual PFM uses APIs from MX to provide account aggregation, transaction cleansing, and transaction organization, delivering a data driven money management solution helps customers spot, understand, and respond to trends in saving and spending.

Technology 12

Technology San Francisco Nebraska UX 12

Fintech Labs Insights

SEPTEMBER 30, 2015

Today’s investment brings the Utah-based company’s total raised to $54 million. Following this investment, Kight ( pictured right ) will join MX’s board of directors and will serve as an advisor to the company’s CEO, Ryan Caldwell. In April of this year, USAA led MX’s most recent round, totaling $30 million.

San Francisco 12

San Francisco Utah User Experience New York 12

Fintech Labs Insights

JULY 8, 2016

Financial Guard will become a part of Legg Mason’s alternative distribution strategies business which specializes in helping the global asset manager’s investment affiliates leverage financial technology to serve customers better. Terms were not disclosed.

Utah 15

Utah New York Technology Online 15

Fintech Labs Insights

AUGUST 11, 2016

The jury of six featured Michael Ludden, Product Manager, Developer Relations, IBM Watson; John Musser, Founder and CEO of API Science; Neha Sampat, CEO of Built.io; Michael Stowe, Developer Relations Manager for MuleSoft; Steven Willmott, CEO of 3scale; and Rob Zazueta, Director of Digital Strategy, TIBCO Software.

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San Francisco Utah Case Study New York 12

Fintech Labs Insights

APRIL 27, 2016

Recognized as one of Utah’s fastest growing companies in 2011. Just this week Patch of Land appointed Paul Deitch , former managing director of Oaktree Capital Management, to take Fritton’s place as Patch of Land CEO. Holds a database of more than 3,500 active U.S. Lendio’s FinovateSpring 2011 demo.

Lending 12

Lending San Francisco Utah Capital 12

Fintech Labs Insights

OCTOBER 31, 2016

Given all of the prolific, user friendly financial management solutions of today, the cash budgeting system may seem dated, but it’s not — I still have friends who use this method of budgeting today. Headquartered in Utah. I read books about software and project management but after a year we tossed in the towel.

New York 12

New York Software Utah System 12