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. The firm also racked up $26 million in losses.

San Francisco 100

San Francisco Phoenix Utah Data 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. Changing market conditions (and some higher-than-expected default rates) have changed the math and softened investor interest some.

San Francisco 100

San Francisco Phoenix Lending Utah 100

PYMNTS

JUNE 13, 2017

Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. The services of the new SoFi bank will be pitched largely at SoFi’s current customers on the start-ups lending platform. SoFi has confirmed the news. The bank will offer no other products and services.”.

FDIC 100

FDIC Utah Millennials ATM 100

CFPB Monitor

APRIL 7, 2020

to resolve alleged violations by Cottonwood of the CFPA, FCRA, and TILA in the course of marketing, servicing, and collecting on payday, auto title, and unsecured consumer installment loans. The CFPB announced that it has entered into a settlement with Cottonwood Financial, Ltd., million and $286,675.64 in consumer redress.

Idaho 78

Idaho Wisconsin Utah New Mexico 78

PYMNTS

JUNE 28, 2019

The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries. 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

Bobsguide

FEBRUARY 22, 2022

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

Software 78

Software Wyoming Idaho Lending 78

CFPB Monitor

FEBRUARY 4, 2016

” At the American Bar Association’s Consumer Financial Services Committee meeting last month in Park City, Utah, Bryce Stephens and Jeffrey Langer from the CFPB provided insight as to how the CFPB treats the use of big data by creditors.

Big Data 60

Big Data Data Utah Lending 60

PYMNTS

NOVEMBER 6, 2019

Our strategy is working and we are executing with discipline on our mission to help more borrowers improve their financial health, while growing our market opportunity, generating competitive returns for our platform investors, building our resiliency and compounding our competitive advantages,” he said.

San Francisco 100

San Francisco Utah Trends Cards 100

PYMNTS

JUNE 12, 2017

Gobble currently serves seven western states: California, Nevada, Washington, Oregon, Arizona, Idaho and Utah. Gobble’s use of data science enables precision, not just in customer satisfaction, but in forecasting, ordering and stocking food, which lends to the company’s efficiency and success. “In

Idaho 118

Idaho Operations Leadership Nevada 118

CFPB Monitor

SEPTEMBER 21, 2015

Hughes, Senior Vice President of Card Marketing, Discover Financial Services, Deerfield, Ill. Kukla, Senior Vice President, Center for Responsible Lending, Durham, N.C. Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. Christopher G. Joshua Zinner, Co-Director, New Economy Project, New York, N.Y.

Groups 60

Groups Los Angeles San Francisco Community Bank 60

Independent Banker

OCTOBER 31, 2022

billion-asset Sunwest Bank in Sandy, Utah. In addition, AI enabled Sunwest to pursue its specialty of solar lending. We want to balance providing the fast answers and solutions that customers are looking for without losing that personal touch,” says Rory Bidinger, chief marketing officer of Stearns Bank N.A. Cloud, Minn.,

Community Bank 91

Community Bank Community Customer Experience Data 91

CFPB Monitor

OCTOBER 6, 2022

As alleged the Commissioner is not attempting to regulate the transfer of loans in the secondary market. Rather, the focus here is on the identity of the lender in the primary market. Unless it settles, it creates a risk to the viability of bank model online lending that is structured like OppFi’s Program.

California 78

California FDIC Analysis Utah 78

CB Insights

FEBRUARY 13, 2020

Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. Market opportunity. Business lending and corporate cards. Stripe is ramping up its private market investments. Expansion into emerging markets.

Online 98

Online Company Retail Payments 98

Lex Sokolin

SEPTEMBER 23, 2020

To the extent it pipes people to banking product, that goes to a $500 million market capitalization public company that makes prepaid cards. Instead, it is replacing payday lending as an industry. This model gives visibility in the public markets to what Chime may try to sound like. Just in 2019, Chime raised at a $1.5

Capital 52

Capital Software Lending Apple 52

MyBankTracker

MAY 22, 2020

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. Unlike Oportun, traditional lenders usually look at your credit score when making a lending decision. Designed for borrowers with no credit.

Idaho 52

Idaho Lending Nevada Wisconsin 52

William Mills

SEPTEMBER 12, 2017

An industry leader in lending and benchmarking solutions for financial institutions. They’re showing a web platform related to their capitol markets solution. YUKKA Lab AG detects market sentiments and transforms them into innovative tools for the finance and communications industry. They are based in Utah.

Samsung 70

Samsung Mobile User Experience Google 70

Filene

MARCH 4, 2016

Local Host: Utah Credit Union Association. QCash - An omni-channel lending solution that offers relationship based underwriting (without credit check) to members in search for small, short-term unsecured loans. 10:00 a.m. - Filene Host: Tansley Stearns. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROAD SHOW?

social media 28

social media Utah Innovation Digital Strategies 28

Fintech Labs Insights

JULY 30, 2024

Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States Rank (by FAB score) 1. Lendio FAB Score = 124 (up 16) – HQ: Salt Lake City, Utah – Founded: 2011 (originally founded in 2006 as FundingUtah). Several lenders pay Fintech Labs a referral fee for funded loans. 315 reviews, up 5 since Nov) 5.

Atlanta 29

Atlanta Utah Miami San Francisco 29

Fintech Labs Insights

APRIL 15, 2022

Other opportunities are saturated : There is a reason why the SMB market has been overlooked for decades, it’s a difficult market to gain venture scale in. While it’s difficult to profit from the deposit side of the business, business lending can be highly lucrative. HQ: Salt Lake City, Utah. Founded: 2020. Founded: 2021.

Utah 15

Utah Lending Fintech Digital Banking 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

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). Lendio primarily markets directly to business owners online. HQ: Salt Lake City, Utah. Lendio maintains an impressive 4.7 Credit cards.

Utah 15

Utah Google Cards Lending 15

Fintech Labs Insights

JUNE 11, 2015

million in a private placement bringing their market cap to $8.6 Alt-lending platform to SMBs. HQ: Lehi, Utah. HQ: Salt Lake City, Utah. Alt-lending for the elective surgery industry. Tags: P2P, peer-to-peer lending, underwriting, investing, SMB, small biz, Finovate alum. Bright Funds raised a $1.8

Company 12

Company Fintech Utah San Francisco 12

Fintech Labs Insights

OCTOBER 1, 2015

Cloud Lending Solutions. Enterprise lending platorm. Middle market loan syndication platform. Tags: Commercial lending, loans, secondary market, enterprise. But even without that massive inflow earmarked for U.S. And every known round (not including Blooom’s grant) was 7-figures or more. Total raised: $1.73

San Francisco 12

San Francisco Company Fintech New York City 12

Fintech Labs Insights

JUNE 25, 2015

That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). HQ: Salt Lake City, Utah. Tags: Lending, underwriting, consumer, loans, P2P, crowdfunding, investing. billion valuation. Source: FT Partners. Canopy Tax (formerly Beanstalk). Latest round: $8 million.

Puerto Rico 12

Puerto Rico St. Louis Fintech Company 12

Fintech Labs Insights

APRIL 4, 2016

HQ: Salt Lake City, Utah. Tags: Consumer, lending, loans, mortgage, investing, peer-to-peer, crowdfunding. HQ: California City, California. Source: Crunchbase. PayItSimple consumer credit service. Latest round: $22.5 million ($56 million valuation). Total raised: Unknown. HQ: New York City. Source: FT Partners. Source: FT Partners.

New York City 12

New York City Company Fintech California 12

Fintech Labs Insights

JULY 12, 2016

HQ: Salt Lake City, Utah. Alt-lending. Tags: Consumer, merchants, POS, point of sale financing, lending, credit, underwriting. Source: Crunchbase. Mobile savings account. Latest round: $22.5 million Series B. Total raised: $36.3 HQ: San Francisco, California. Source: Crunchbase. Qingshongchou Network Technology. SeedInvest.

New York City 12

New York City Company Fintech San Francisco 12

Fintech Labs Insights

APRIL 30, 2015

HQ: Provo, Utah. 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 Payroll and payment solutions for the underbanked. HQ: London, UK. Latest round: $2 million Seed. Total raised: $3.4

Las Vegas 12

Las Vegas Company North Carolina Fintech 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 HQ: Salt Lake, Utah. Tags: Consumer, SMB, loans, credit, lending, underwriting. million, for a $12 billion annual run rate. The total included at $46 million in debt. Total raised: $102.2

Company 12

Company Fintech New York City Comparison 12

Fintech Labs Insights

APRIL 30, 2015

Sneak Peek Part 7: Avoka, CBW Bank, Cloud Lending Solutions, Context Relevant, Dealstruck, DriveWealth, Dwolla, Dynamics, Encap Security, EyeBuy, FIS Mobile, Kabbage, Knox Payments, Lending Tree, LendKey. HQ: Salt Lake City, Utah. Sneak Peek: Aurora Financial Systems and Mistral Mobile. See you in San Jose! Why it’s great.

San Jose 12

San Jose Las Vegas California Tucson 12

Fintech Labs Insights

FEBRUARY 2, 2021

Divvy : Two Utah companies became unicorns this month. MX : The second Utah unicorn of January, MX needs no introduction if you’ve ever attended or followed Finovate. But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. valuation, tied for 83rd most valuable this century.

United States 15

United States Fintech Utah Lending 15

Fintech Labs Insights

FEBRUARY 2, 2021

Divvy : Two Utah companies became unicorns this month. MX : The second Utah unicorn of January, MX needs no introduction if you’ve ever attended or followed Finovate. But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. valuation, tied for 83rd most valuable this century.

United States 15

United States Fintech Utah Software 15

CFPB Monitor

APRIL 19, 2022

At the end of last year, we completed a months-long project in updating and expanding a 2017 White Paper addressing bank-model lending—programs involving partnerships between banks (or savings associations) and fintech or other nonbank companies in the interstate delivery of loans.

California 78

California Innovation Utah United States 78

Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.

Fintech 148

Fintech Strategy Leadership Lending 148

PYMNTS

MAY 16, 2019

exporters to compete on a level playing field in markets and industries where China and other nations are aggressively supporting their exporters.” According to Senator Mike Lee from Utah, the bank unfairly favors the wealthiest exporters without the ability to support companies most in need of such export support.

US 128

US Alabama New Jersey Utah 128

Gonzobanker

DECEMBER 19, 2016

Or the need to take market share in a slowest growth region? A wonderful franchise and team picked up by Guaranty in-market at a decent price. It’s time for banks to focus hard on marketing and the borrower experience. Best Free Market Research a Retail Banker Will Ever Get. Is it in the water? Check it out on YouTube.

Utah 60

Utah System Marketing Community 60

Gonzobanker

DECEMBER 19, 2016

Or the need to take market share in a slowest growth region? A wonderful franchise and team picked up by Guaranty in-market at a decent price. It’s time for banks to focus hard on marketing and the borrower experience. Best Free Market Research a Retail Banker Will Ever Get. Is it in the water? Check it out on YouTube.

Utah 60

Utah System Marketing Community 60