Abrigo

AUGUST 30, 2024

Takeaway 2 Reform moves are stemming from actions of the FHFA against the San Francisco and New York FHLBs. These FHLBs continued to lend to the member banks despite clear deterioration of their financial status. Takeaway 3 Banks should respond to the reform efforts to ensure contingent liquidity options will remain.

San Francisco 195

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PYMNTS

DECEMBER 11, 2019

Qwil, which is based in San Francisco, said it was going to use the funding to expand, and hire new employees, while increasing the breadth of the people and businesses it lends to. CEO Johnny Reinsch co-founded the company in 2015. The company charges a flat fee for the advance pay, at 20 percent.

Lending 130

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PYMNTS

DECEMBER 11, 2019

Qwil, which is based in San Francisco, said it was going to use the funding to expand, and hire new employees, while increasing the breadth of the people and businesses it lends to. CEO Johnny Reinsch co-founded the company in 2015. The company charges a flat fee for the advance pay, at 20 percent.

Lending 130

Lending San Francisco Groups Company 130

PYMNTS

MAY 18, 2016

Lending Club’s troubles don’t appear to be going away anytime soon. The company was hit with a federal lawsuit from shareholders late on Monday (May 16) in San Francisco that claims that the online lender inflated its share price by not being transparent about the company’s issues with managing itself.

Lending 100

Lending San Francisco Online Management 100

PYMNTS

SEPTEMBER 4, 2019

Small business lending platform Kabbage has announced the acquisition of data analytics platform Radius Intelligence. The online lending platform pointed to Radius Intelligence’s capabilities in data acquisition and entity resolution, which enable its data analytics platform to analyze disparate and complex datasets, it said.

Analytics 137

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BankInovation

MARCH 30, 2021

Blend continues its push to automate aspects of mortgage loans, today releasing a lend officer tool that automates parts of the lending process. The San Francisco, Calif.-based

San Francisco 98

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Abrigo

MARCH 9, 2017

CDFIs are attractive partners to banks in part because of their long, 30-plus-year track record of managing capital, with few examples of investor losses. CDFIs use grant dollars to leverage additional debt and expand their lending activity. A bank will typically provide debt to a CDFI that is active in the bank’s CRA Assessment Area.

Community 246

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PYMNTS

APRIL 7, 2016

On the logic that everything is easier when taken on with a team, the big names in marketplace lending are joining forces and forming their own nonprofit trade association. The CEOs of Funding Circle, Lending Club and Prosper have announced the launch of the Marketplace Lending Association (MLA).

Lending 100

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PYMNTS

OCTOBER 18, 2016

Lending Club has had a tough year. In early May, news broke that Lending Club had played fast and loose with its documents and disclosures, including the fact that then-CEO Renaud Laplanche had failed to disclose a personal stake in a firm Lending Club had an investment relationship with. The revelations were shocking.

Lending 100

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PYMNTS

APRIL 28, 2017

Payments and lending continue to attract the most funding globally, although we’re seeing increasing interest in a variety of technologies,” he stated. “In The San Francisco-based company said Octopus Ventures, EQT Ventures and OP Financial Group participated in the funding, which brings the total amount raised by Token to $18.5

Fintech 192

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Abrigo

JANUARY 11, 2021

Keller, President and Chief Executive Officer of Community Bank of the Bay, a Community Development Financial Institution serving the San Francisco Bay area from its base in Oakland, Calif. “The application came out Friday and we worked on it all through the weekend along with our partners at Abrigo, and we’re ready. SBA Lending.

Lending 195

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PYMNTS

OCTOBER 5, 2020

the San Francisco-based financial services company. Under the agreement, Nexi's partner banks will be able to offer their clients the full suite of Ebury services, including international cash management, FX risk management and import/export lending. In January, Visa Inc. agreed to pay $5.3 billion for Plaid Inc.,

Company 151

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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

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PYMNTS

FEBRUARY 17, 2020

The historical focus of credit unions has been consumer lending , with a focus on providing the lowest rates to customers. CO-OP has a San Francisco client, for example, who has set one of its rewards offerings so that the cash back goes directly to their customers’ student loans. Centralizing The Payments Experience.

San Francisco 184

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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

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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. Its lending operations connect small businesses with about $500 million in financing over a three-month period, with the company planning to expand that funding amount to $2000.

San Francisco 116

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PYMNTS

MAY 29, 2019

It has around $12 billion in assets under management. Over the last year, we’ve worked aggressively to grow SoFi from a desktop lending business to a broad-based, mobile-first financial platform enabling members to borrow, save, spend, invest and protect their money,” said Anthony Noto, CEO of SoFi. percent annual percentage yield.

San Francisco 116

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PYMNTS

AUGUST 16, 2018

There is also robotics taking a new giant step forward in San Francisco – this time with the world’s first robo-barista – or inclusion taking a big step forward in sub-Saharan Africa, where access to mobile means access to money for an emerging class of consumers. million: Zillow’s estimated monthly active users count. $19

San Francisco 100

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PYMNTS

AUGUST 30, 2017

While the homeowner was initially told that Wells Fargo would pay to extend the home interest rate lock, a regional manager reversed that decision, according to court documents. Truth in Lending Act. Real Estate Settlement Procedures Act and the U.S. Fees would then amount to between 0.125 percent to 0.25

San Francisco 121

San Francisco Nevada Regional Analysis 121

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

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PYMNTS

JUNE 18, 2019

The firm said it will be holding sign-up events for consumers in cities that include Los Angeles, New York and San Francisco. The main thing that will be removed is lending. so we won’t be lending customers money.”. Property Management (And Payments), APIs Included. banking license in partnership with Sutton Bank.

Fintech 108

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PYMNTS

MAY 5, 2016

Last month, the company also acquired personal finance management app maker Sweep.co. Affirm is here to revolutionize the banking industry to be more accountable and accessible to consumers, by developing products and services that empower consumers to better manage their financial well-being,” Levchin added.

San Francisco 100

San Francisco Branding Payments Analytics 100

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. The staff cuts will also include some management players. All in, 171 jobs will be cut.

San Francisco 100

San Francisco Phoenix Lending Utah 100

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. By Ed Avis.

Community Bank 172

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PYMNTS

MAY 3, 2016

San Francisco-based Varo Money, a mobile-only banking startup, announced on Monday (May 2) that it raised more than $27 million in an investment round led by global private equity firm Warburg Pincus. Colin Walsh, Varo Money CEO and cofounder, said: “The U.S. The establishment of new banks within the U.S.

San Francisco 100

San Francisco Mobile Lending Tools 100

PYMNTS

OCTOBER 1, 2018

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

Gonzobanker

MARCH 25, 2020

I was comparing today’s situation with a previous disaster – the 1989 Loma Prieta earthquake in San Francisco, where I was in charge of a bank’s disaster recovery plan. Digital Lending. We have also seen the most abrupt change ever in assumptions, goals, impact planning and strategic focus. Why go back if it does? David Bowie.

San Francisco 123

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PYMNTS

DECEMBER 5, 2016

The experts estimate that the United States government spent millions trying to enforce it and deprived the states of billions in tax revenue — all without managing to make any significant change in American alcohol consumption. San Francisco’s Muni public transit system was reportedly hit by a ransomware attack last weekend (Nov.

Capital 100

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PYMNTS

JUNE 25, 2020

The last financial crisis was kicked off by structural flaws in the real estate market that left people underwater on loans they were unable to manage. ” Unison offers them that access point at a time when the product they offer has become particularly relevant to the market’s needs. .”

Las Vegas 255

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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

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PYMNTS

APRIL 1, 2020

Some of its products act like a “bird’s eye view” of the store for managers. We’re in that kind of instant awareness business, and it lends itself to both customer engagement applications and loss prevention. SocialDistance.ai SocialDistance.ai

Retail 132

Retail San Francisco Security Technology 132

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 70

San Francisco Lending New York City Online 70

PYMNTS

JUNE 21, 2019

In India, where investors have shied away from alternative nonbank financial companies as of late, one small business (SMB) lender managed to secure an impressive funding round. Other investment targets included a Chinese B2B eCommerce platform with a niche focus, an InsurTech startup targeting gig workers and corporate spend management firm.

Marketing 109

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Insights on Business

JANUARY 31, 2019

Seeing other customers in the store raising their eyebrows, the store manager, a very amicable person in her 50s, walked up to the group and read the house rules from a placard. The teens scoffed at the manager’s dictation of how they’re supposed to behave, and amusingly grew annoyed for being deprived of some social media mobile device time.

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CB Insights

APRIL 17, 2018

Operating Location: San Francisco, CA. Operating Location: San Francisco, CA. After 4 years with the company, Brian joined Google as a Software Engineer and inevitably rose to become an Engineering Manager. Operating Location: San Francisco, CA. Current Firm: Benchmark. JEFF JORDAN.

San Francisco 71

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PYMNTS

NOVEMBER 6, 2019

The firm went public in 2014 and had just managed its first quarter of profitability in early 2016 when scandal rocked the business and it found itself without its found CEO, facing a lot of investor doubt and being investigated by the DoJ. The last few years have been an exciting ride for LendingClub watchers.

San Francisco 100

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American Banker

APRIL 14, 2016

Profits soared at First Republic Bank in San Francisco thanks to lending growth in several categories and its expansion in wealth management.

San Francisco 28

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