FinWise Bancorp, parent company of FinWise Bank, announced the appointment of Jim Noone to President along with the hiring and appointment of Robert Wahlman as Chief Financial Officer. Wahlman will succeed Javvis Jacobson, who will remain with the...
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April 01, 2024, 07:18 AM
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QuickFi has been selected as “Best Overall LendTech Company” in the 8th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and...
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March 14, 2024, 07:15 AM
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eCapital appointed Rob Wright as Chief Product Officer. Wright will refine eCapital’s technology vision and product roadmap to strengthen customer experience and accelerate company growth. This involves advancing eCapital's suite of digital finance...
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February 05, 2024, 07:17 AM
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The Equipment Leasing and Finance Association (ELFA) announced the appointment of Leigh Lytle as President and CEO, effective Dec. 4. ELFA Board Chair Bob Neagle made the announcement at the General Session of the 62nd ELFA Annual Convention in...
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October 24, 2023, 07:25 AM
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Encina Lender Finance (ELF) closed an inaugural $25,000,000 senior credit facility for Sparrow Financial. Headquartered in Las Vegas, Sparrow is a fintech startup lending to consumers nationwide. Bill Laird, Head of Risk for ELF’s consumer vertical...
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September 25, 2023, 07:00 AM
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QuickFi won the 2023 Finovate Awards – Best Embedded Finance Solution by Finovate, a global fintech event series and digital engagement platform. QuickFi was also selected as a finalist for Best Financial Mobile App.The awards presented at Finovate...
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September 13, 2023, 07:23 AM
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Northteq, Inc., a provider of Salesforce loan origination solutions, announced upgrades to its Aurora platform. Embracing AI technology and user-centric design, these updates once again emphasize Northteq's commitment to driving fintech forward in...
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September 12, 2023, 07:20 AM
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BHI granted a $20 million credit facility to Lendbuzz for working capital and general corporate purposes. This transaction exemplifies BHI’s commitment to the Tech industry and will support Lendbuzz’s further growth. Established in 2015 and...
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June 09, 2023, 07:05 AM
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Lendistry, a fintech that provides innovative lending products and powers grant programs for small businesses, announced the addition of Todd Hollander to its executive leadership team. Hollander brings with him decades of experience helping banks...
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June 06, 2023, 07:00 AM
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APPROVE will bring as many as 50 new tech jobs to Wilmington, NC, in the coming months, as the company embarks on an expansion fueled by a $3 million Series A funding round recently completed with support from Cofounders Capital, Live Oak Ventures...
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June 01, 2023, 07:10 AM
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QuickFi won Best in Show at Finovate Spring 2023. QuickFi participated with 44 other companies at Finovate Spring 2023, a leading fintech event series and digital engagement platform. QuickFi was honored for the live demonstration of its newest...
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May 25, 2023, 07:05 AM
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Houlihan Lokey hired technology investment banking veteran Alec Ellison as Global Head of FinTech, a newly dedicated industry group that builds on the firm’s leading technology and financial services expertise and underscores its view of and...
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April 06, 2023, 07:00 AM
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Solifi, a global fintech software partner for secured finance, announced Merchant West Group, a leading privately owned South African financial institution, will upgrade from an on-premise system to Solifi ABL on the Open Finance Platform.The upgrade...
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March 29, 2023, 07:20 AM
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QuickFi by Innovation Finance USA, today announced that for the second straight year it has been named "Best Overall LendTech Company" in the annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market...
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March 27, 2023, 07:20 AM
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DoubleCheck Solutions, a financial technology company that offers banks and credit unions more efficiency, transparency and compliance around NSF and overdraft fees, announced Jon Weisblatt as its new Vice President of Corporate and Business...
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February 28, 2023, 07:10 AM
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Solifi, a global fintech software provider for secured finance, announced the addition of a leading German transport equipment manufacturer to its European asset finance customer portfolio. Under the new pan-European agreement, Solifi will implement...
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February 22, 2023, 07:20 AM
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ENGS Commercial Finance Co. announced the integration of Notarize into its FinTech platform. Notarize gives customers on-demand access to notary services through a comprehensive and secure platform.Through Notarize, customers can schedule their...
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February 07, 2023, 07:05 AM
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TimePayment, a fintech company specializing in commercial and specialty equipment lease financing, has announced it has raised its limit for automated approvals for qualified lessees from $15,000 to $25,000. By leveraging the firm’s multiyear...
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November 29, 2022, 07:18 AM
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Solifi, a global fintech software partner for secured finance, announced its Solifi Asset-Based Lending (ABL) software-as-a-service (SaaS) solution on its open finance platform now supports more than $1 billion in loans outstanding for lenders...
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November 08, 2022, 07:22 AM
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Solifi, a global fintech software partner for secured finance, announced MyTechMag named Solifi as one of the world’s top 10 banking technology solution providers in 2022. Solifi was recognized for its innovative fintech solutions built on the...
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October 05, 2022, 07:21 AM
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Solifi, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Wholesale Finance SaaS solution, which includes several new automated features to better manage inventory audits, provide real-time...
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September 29, 2022, 07:20 AM
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Trnsact, a commercial equipment fintech company, and Creditsafe, a global credit monitoring and risk management firm, announced a partnership to bring greater clarity and less risk to the commercial equipment financing process. Through this...
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September 15, 2022, 07:12 AM
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Funding Circle, a leading online small business lending platform, and Farm Bureau Bank, a financial institution focused on serving members of the Farm Bureau and their neighbors in rural communities, have announced a partnership to provide capital to...
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August 15, 2022, 07:05 AM
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TimePayment, an award-winning fintech company specializing in commercial equipment lease financing, has concluded a wave of expansion to position itself to excel post-pandemic, including making 30 front-end hires. TimePayment also announced the...
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June 03, 2022, 07:23 AM
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QuickFi was Best in Show at Finovate Spring 2022. QuickFi participated with 52 other companies at Finovate Spring 2022, a leading fintech event series and digital engagement platform.QuickFi is a 100 percent digital, self-service, business equipment...
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May 23, 2022, 07:22 AM
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CIT, a division of First Citizens Bank, announced its Community Association Banking group has been selected as winner of the "Best B2B Payments Platform" award for C-PropertyPay in the sixth annual FinTech Breakthrough Awards program. The recognition...
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April 28, 2022, 07:03 AM
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ENGS Commercial Finance Co. continued its advancement of new technology into the commercial finance space by fully automating the Uniform Commercial Code (UCC) submission and tracking process.Prior to this advancement, the process for filing the UCC...
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April 19, 2022, 07:12 AM
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Triumph Bancorp, Inc. announced the establishment of TriumphX, a business unit charged with supporting the execution of Triumph's plan and evolution as a transportation fintech company. TriumphX is a division of TBK Bank, SSB, the primary operating...
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April 06, 2022, 07:19 AM
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QuickFi is a finalist in three categories for the 2022 Banking Tech Awards USA: Best Use of IT for Lending, Best Innovation and Best Digital Initiative. Other recognized finalists in these categories include JP Morgan Chase, Citizens Financial Group...
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March 30, 2022, 07:12 AM
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QuickFi founder and CEO Bill Verhelle sat down recently with FinTech Futures for its signature What the FinTech? podcast.In the News in Numbers section, Verhelle discusses the importance of APIs and their key role in digital banking following a new...
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March 25, 2022, 07:14 AM
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Customers Bank, a digital and fintech-forward top 100 national bank with nearly $20 billion in assets, announced the institution hired industry veteran John Donohue to serve as Executive Vice President, Managing Director of Customers Commercial...
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March 23, 2022, 07:25 AM
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FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, announced it has selected QuickFi by Innovation Finance USA, as winner of the “Best...
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March 18, 2022, 07:21 AM
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ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group (MHC), announced an integration with Box, a leader in cloud content management, to elevate its back-office system for securely managing customer account records.The Box integration...
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January 13, 2022, 07:08 AM
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Fintech is often touted as a transformative force in equipment finance. But is it overcoming equipment sellers’ reluctance to offer finance options to their customers? What’s the return on investment for fintech innovation in the industry? Robert...
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October 05, 2021, 07:01 AM
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eCapital has named Jeffrey Duclow as Senior Vice President, Business Development Officer. Duclow brings more than 30 years of expertise providing working capital financing to staffing companies.In this role, Duclow will be responsible for new...
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September 28, 2021, 07:15 AM
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ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group (MHC), announced that ENGS will be making a change to its Application-Only threshold and will be able to approve exposures on an App-Only basis up to $1,000,000 for qualified...
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September 24, 2021, 07:18 AM
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White Oak Global Advisors (“White Oak”) has completed the acquisition of Finacity Corporation (“Finacity”) a global leader in working capital and trade finance funding solutions to global businesses. Finacity originates, structures and places over...
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September 21, 2021, 07:16 AM
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Fintech company Clicklease, which provides payment solutions in the commercial equipment space, announced it has closed $63 million in Series A funding led by Sandlot Partners. "We are absolutely thrilled that Sandlot has decided to invest in...
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August 31, 2021, 07:19 AM
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U.S. Bank has entered into an agreement to acquire Bento Technologies, known as Bento for Business, a fintech company based in Chicago and San Francisco that provides payment and expense management services to small and mid-size businesses. The...
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August 13, 2021, 07:16 AM
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TimePayment, a fintech company specializing in commercial equipment financing, announced the appointment of Deepika Shahani as Vice President and leader of the firm’s Point of Sale & Terminal Leasing efforts. The new business unit will enhance the...
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July 21, 2021, 07:21 AM
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TD Bank has been recognized by Global Finance with the North American award for "Outstanding Crisis Finance Innovation" for the launch of its Virtual Assistant within the TD U.S. mobile app. The award was created by Global Finance to acknowledge the...
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June 14, 2021, 07:00 AM
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Financial technology platform LendingPoint announced that veteran risk executive, Ashish Gupta, has joined LendingPoint as Chief Risk Officer (CRO). Gupta will lead data science/AI, risk, fraud, and market modeling as well as pricing for...
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May 27, 2021, 07:12 AM
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IDS, a provider of enterprise mission-critical solutions for secured finance, has been selected a winner of the Top 20 FinTech Solution Providers 2021 by Enterprise Ventures. IDS was selected after a rigorous evaluation process which included over...
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May 25, 2021, 07:20 AM
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VendorLender, part of the Econolease Financial group of companies, released 0%, Buy-Now Pay-Later (BNPL) financing to the Equipment Dealership market. Following the growing trend of BNPL for consumer purchases, VendorLender has launched BNPL for...
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March 31, 2021, 07:10 AM
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CIT Group announced that its Small Business Solutions group has been selected as winner of the “Business Lending Innovation Award” for its point-of-sale lending platform in the fifth annual FinTech Breakthrough Awards program. The recognition was...
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March 18, 2021, 07:15 AM
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CB Insights has named LeaseAccelerator to its third annual Fintech 250 list, a group of private companies working on groundbreaking financial technology.“We’re proud to recognize the best private fintech companies globally. This year’s Fintech 250...
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September 30, 2020, 07:10 AM
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Enova International and OnDeck®, announced that they have entered into a definitive agreement under which Enova will acquire all outstanding shares of OnDeck in a cash and stock transaction valued at approximately $90 million. The implied price of $1...
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July 29, 2020, 07:20 AM
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TD Bank has appointed Jyotsana "Jo" Jagadish Head of Commercial Operating Products and Payment Innovation, a new role focused on developing and executing a strategy that positions TD as a partner of choice for commercial fintechs by engaging in...
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July 28, 2020, 06:45 AM
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CIT Group Inc. announced it has won three Stevie American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social...
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May 28, 2020, 07:21 AM
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CIT Group Inc. announced its Treasury and Payments Services business is collaborating with B2B fintech innovator Fintainium to provide an integrated payments and financial workflow management solution to meet the needs of small and midsize businesses...
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April 29, 2020, 07:25 AM
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Cannabis financial technology firm Abaca has added Vince Laborde, Sean Russell and Mara Williams to its team. Abaca, based in North Little Rock, AR, enables traditional banking services for the majority of the legal Arkansas cannabis industry, as...
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April 28, 2020, 07:10 AM
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FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, announced QuickFi, a new mobile business lending platform from Innovation Finance USA LLC...
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March 13, 2020, 07:25 AM
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Commercial debt sales by fintech lenders, equipment leasing companies and banks are on the rise, with major companies striking deals to sell non-performing loans, leases and merchant cash advances after charge-off, reports Brett Boehm, CEO of TBF...
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January 14, 2020, 07:20 AM
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Innovation Finance USA LLC (QuickFi) announce its acceptance of the FinTech Innovator of the Year award at the International Asset Finance Network (IAFN) awards ceremony in London, England. QuickFi CEO Bill Verhelle was in attendance to accept the...
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December 18, 2019, 07:25 AM
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National Business Capital & Services, announced the release of an industry-leading CannaBusiness Financing Solution.The CannaBusiness Financing Solution will empower ambitious cannabis entrepreneurs in the fast-growing $10 billion industry to access...
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October 24, 2019, 07:32 AM
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Brett Boehm, CEO of TBF Financial, will discuss ways lenders are selling their commercial debt to maximize return on non-performing accounts, as part of a panel session 9:30 a.m. Sept. 27 at LEND360 in Dallas, TX.“Banks and equipment lessors have...
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September 18, 2019, 07:10 AM
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National Business Capital & Services, a fintech firm that has helped tens of thousands of business owners secure over $1 billion in financing, announced its newest equipment financing program: the eQuickment Financing Product.The eQuickment Financing...
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September 11, 2019, 07:05 AM
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Young Song, the former Chief Credit Officer of Uniti Bank and past Senior Vice President at Hanmi Bank, has joined Lendistry as the new Credit Administrator. Song will manage Lendistry’s processing and underwriting team, further bolstering the online...
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June 24, 2019, 07:20 AM
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Automated business financing company FaaStrak has announced a new division of the company —FaaSfunds, focused on alternative financial products for businesses —and an updated version of its flagship technology platform.FaaSfunds, an alternative...
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June 10, 2019, 07:12 AM
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Boston-based fintech company TimePayment announced Jay Haverty has been appointed President and Chief Executive Officer. Haverty joined the firm in March 2018 as Chief Operating Officer in conjunction with the company’s leadership succession plan...
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June 05, 2019, 07:25 AM
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National Funding, a fintech lender of small and medium-sized business loans, announced Chief Technology Officer Geoff Howard received the San Diego Business Journal’s 2019 Top Tech Exec award in the Private Medium Company category. The publication...
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May 24, 2019, 07:07 AM
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CIT Bank, CIT Group's national online bank, announced it has been selected as winner of the Best Personal Finance Company award by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the...
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April 04, 2019, 07:11 AM
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HSBC US Commercial Banking announced that it has teamed up with Neptune Financial (NepFin) to better serve the capital needs of middle market businesses in the United States. Through this partnership, firms doing business with NepFin will now be able...
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February 28, 2019, 07:10 AM
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TimePayment announced the expansion of its revolving credit facility to $385 million inclusive of a $50 million accordion. TimePayment is committed to continually improving program flexibility and value to its vendors and partners. With this...
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January 31, 2019, 07:15 AM
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TimePayment announced the appointment of Sue Monfore to the senior sales team as Director of Strategic Alliances. With almost 30 years of experience in the financial services industry, Monfore will lead TimePayment’s vendor and manufacturer strategic...
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December 11, 2018, 07:25 AM
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Fintech company TimePayment announced Cory Damm has been promoted to the newly created position of Vice President of Business Development and Marketing. With a long track of success in financial services technology, Damm will lead TimePayment’s...
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October 30, 2018, 07:20 AM
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As JPMorgan and Goldman Sachs each prepare to launch major new financial technology (fintech) initiatives, research firm Accenture is warning that increased competition from digital only lenders could put intense pressure on incumbent banks, as they...
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October 26, 2018, 07:07 AM
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ENGS Commercial Finance Co. introduced LenderTrax, a highly efficient technology enabled lease and loan platform for vendors and customers. LenderTrax provides a completely digital and mobile-ready financing process that fully automates the...
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October 25, 2018, 07:25 AM
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National Funding, one of the largest private fintech lenders of small and medium-sized business loans, announced it has purchased QuickBridge, a leading alternative financial services firm offering working capital to small businesses (SMB) nationwide...
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October 03, 2018, 07:31 AM
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Breakout Capital Finance, a financial technology company, announced Tim Buzby has joined the company as its Chief Financial Officer.Buzby started his finance career as an auditor and consultant focused on financial services for KPMG. He spent 17...
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October 02, 2018, 07:20 AM
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Lendeavor, Inc., a technology-enabled lender to healthcare practices, announced the hiring of Jason Schneller, formerly of Wells Fargo Practice Finance, as Lendeavor's head of business development in Southern California."Jason grew up in dental, and...
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September 05, 2018, 07:15 AM
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Q2 Holdings, Inc. has announced an agreement to acquire San Mateo, CA-based Cloud Lending, Inc., a privately held SaaS company that provides an integrated end-to-end lending and leasing platform.“By acquiring Cloud Lending, we will be able to help...
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August 17, 2018, 07:00 AM
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Investment in U.S. based fintech companies surged to $14.2 billion across 427 deals during the first half of 2018, as investors poured money into startups in fintech emerging segments such as regtech and blockchain, as well as late stage companies...
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August 06, 2018, 07:20 AM
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ZRG Partners, an executive search firm, announced the formation of its Blockchain Practice. The practice will be led by Rahul Kapur, Managing Director, and will help financial services, fintech and health care clients as well as those in emerging...
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July 16, 2018, 07:15 AM
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Strands and Mastercard announced they are working together globally to provide issuing banks with an integrated platform of digital cash management and commercial payment tools specifically designed to benefit their small-to-medium enterprise (SMEs)...
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July 11, 2018, 07:00 AM
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KeyBank announced the acquisition of a digital lending platform for small businesses created by Bolstr. The fintech software, expected to be implemented in 2018, will enable KeyBank to provide faster and easier access both to SBA loans and to...
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June 21, 2018, 07:25 AM
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The impact of “The Sharing Economy” on business-to-business financial transactions will be explored Tuesday during a panel discussion at the Commercial Equipment Marketplace Council (CEMC) Fintech Innovation Summit. Panelists will include Moderator...
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June 04, 2018, 07:05 AM
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Cloud Lending Solutions announced it has been selected as the winner of the “Best Business Lending Platform” award by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global FinTech...
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May 11, 2018, 07:00 AM
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Daniel Long has joined CapX Partners as a Portfolio Analyst where he will assist the firm’s partners in all facets of portfolio management including the application of his information engineering skills into the firm’s Fintech evolution.Prior to...
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May 10, 2018, 07:20 AM
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FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global FinTech market, announced it has selected CIT Group's point-of-sale digital platform as the winner of its "Best Small...
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May 08, 2018, 07:10 AM
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The U.S. Government Accountability Office (GAO) issued a report last month detailing the regulatory challenges currently facing the fintech sector. The agency found that existing laws and regulations may not be adequate to mitigate the risks posed by...
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April 20, 2018, 07:30 AM
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The rise of FinTechs continues to revitalize the financial services customer journey; however, many startups have realized they will struggle to succeed alone. With complementary strengths, FinTechs are increasingly looking to symbiotic collaboration...
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February 28, 2018, 07:30 AM
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A new study commissioned by the Equipment Leasing & Finance Foundation (Foundation) reveals that rapidly emerging Fintech technology platforms present a disruptive force to the equipment finance industry, but Fintech is not forecast to become a...
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February 09, 2018, 07:20 AM
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Cloud Lending Solutions was recognized as a “Top 25 FinTech Company for 2017” by APAC CIO Outlook Magazine. A panel of industrial experts and executives collaborated with the editorial board to curate the list with an aim to provide clarity into the...
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January 12, 2018, 07:04 AM
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Accruit, a financial technology company specializing in escrow and 1031 exchange services, announced the addition of Jeff Hathcote as director of information technology.Hathcote brings more than 25 years of experience in a broad range of specialties...
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November 22, 2017, 07:02 AM
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Driven by robust Venture Capital (VC) funding, an increase in deal value, and strong performance by the Private Equity sector, investments in U.S. fintech companies nearly doubled during Q3 ’17 to $5 billion, up from $2.6 billion in Q2 ’17, according...
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November 09, 2017, 07:02 AM
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OnDeck announced third quarter 2017 financial results and affirmed that the Company is on track to achieve GAAP profitability in the fourth quarter of 2017."OnDeck's third quarter performance demonstrated tangible progress on our strategic priorities...
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November 06, 2017, 07:02 AM
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OnDeck announced agreements with Ingo Money and Visa to enable real-time funding of loans to small businesses via their debit cards, powered by Visa Direct. OnDeck will be the first company in the online lending industry to offer real-time access to...
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October 31, 2017, 06:54 AM
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PayNet addressed The Congress of the United States, U.S. House of Representatives, Committee on Small Business to testify on online lending’s role in improving small business capital access.PayNet president William Phelan was asked by the House...
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October 27, 2017, 07:21 AM
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Blumberg Capital's Annual FinTech Survey finds more than two-thirds of Americans are looking for banks to provide new FinTech solutions.
Consumers remain loyal to big banks despite a majority of Americans believing that traditional financial...
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October 12, 2017, 07:19 AM
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The equipment leasing hell-or-high-water clause is “on trial” and you - the audience - will decide its fate at the Equipment Leasing and Finance Association (ELFA) Convention in Orlando. The mock trial, taking place at 3 p.m. on Monday Oct. 23, will...
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October 10, 2017, 07:18 AM
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nCino, a worldwide leader in cloud banking, is the winner of the 2017 IDC FinTech Rankings Real Results Award in the category of Lending Transformation. In conjunction, nCino has earned a place on the 2017 IDC Financial Insights FinTech Rankings – an...
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September 12, 2017, 07:03 AM
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In 2007, the first online loans from OnDeck to small businesses in the United States created a new type of commercial lender, one that believed the Internet could revolutionize how small business owners access capital. Today, OnDeck celebrates a...
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September 01, 2017, 07:17 AM
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Snap Finance, a fintech company and provider of lease-to-own financing at the point of sale to customers of eCommerce and brick-and-mortar merchants, has secured the largest bank revolving credit facility ever for a private consumer lease-to-own...
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August 29, 2017, 07:09 AM
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Financial institutions’ drive to become more “experience-driven” is opening the door to potential competition from global technology giants, according to a report published today by the World Economic Forum.According to the report, Beyond Fintech: A...
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August 22, 2017, 08:30 AM
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CrowdFund Insider reported that Fundera released a new survey on the state of small business lending. The report asked small business owners about their experience with credit, lending, and financial resources.According to the CrowdFund Insider...
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July 31, 2017, 08:00 AM
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Funding Circle announced two additions to its U.S. leadership team: Joanna Karger as U.S. Head of Capital Markets, and Richard Stephenson as U.S. Chief Compliance Officer.With 30 years of experience working in capital markets, Karger joins Funding...
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June 30, 2017, 07:09 AM
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Simon Moss has joined Grant Thornton LLP as a managing director in its Financial Services Advisory practice. Based in New York, Moss will drive fintech and technology innovation, including the associated alliance and acquisition strategy.Moss’...
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June 26, 2017, 07:06 AM
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Patricia M. Voorhees, a director with The Alta Group, is moderating a panel June 13 at the Commercial Equipment Market Council (CEMC) Innovation Summit in Laguna Beach, Calif., on digitization in asset finance. The panelists will discuss how...
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June 12, 2017, 07:05 AM
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In an unprecedented cross-industry partnership, Ohio-based flagship companies are launching a new global Fintech (financial technology) accelerator.KeyBank, Progressive, The Kroger Co., Grange Insurance, Huntington, FifthThird, First Federal Lakewood...
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May 11, 2017, 07:17 AM
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Balboa Capital has opened a new office location in Spokane, Washington to better serve its existing and future customers in the Pacific Northwest. The Spokane office opened its doors on May 1st, 2017 as Balboa Capital’s fourth office location; the...
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May 09, 2017, 07:15 AM
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CIT Group announced that its Direct Capital business, known for its proprietary online lending platform and market-leading customer service, has provided more than $4 billion in equipment financing and working capital loans since its inception in...
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May 05, 2017, 07:14 AM
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U.S. venture capital (VC) investment in fintech companies rose to $1.2 billion in Q1’17, driven by late-stage deals, which reached the highest activity since Q1’16, according to KPMG International’s Q1 2017 The Pulse of Fintech report. Non-VC fintech...
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April 28, 2017, 07:05 AM
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Ascentium Capital announced receiving the FinTech Breakthrough Award for the Best Business Lending Platform. The mission of the FinTech Breakthrough Awards is to honor excellence and recognize the success of FinTech companies, technologies and...
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April 27, 2017, 07:10 AM
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BMO Harris Bank announced a partnership with 1871 – a leading technology and entrepreneurship ecosystem which is currently home to nearly 500 high-growth digital startups in the Merchandise Mart – that will provide a select group of FinTech startups...
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April 24, 2017, 06:58 AM
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The Independent Community Bankers of America® (ICBA) reiterated its concerns with the Office of the Comptroller of the Currency’s proposal to grant special-purpose bank charters to unregulated financial technology companies. In a comment letter on...
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April 17, 2017, 07:15 AM
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Equipment finance companies will need to use "day-after-tomorrow" thinking to succeed in a rapidly changing world, according to a new report, “2017 Industry Future Council: Staying Ahead of Tomorrow,” released today by the Equipment Leasing &...
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April 03, 2017, 07:10 AM
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The Innovative Lending Platform Association (ILPA) and the Coalition for Responsible Business Finance (CRBF) announced they are joining forces and will now operate as the ILPA – the leading trade organization representing a diverse group of online...
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March 06, 2017, 07:10 AM
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Patricia M. Voorhees, a director with The Alta Group, is presenting at this year’s LendIT USA 3:10 p.m. March 7 at the Javits Center in New York City to highlight new trends in equipment leasing and finance for a Fintech audience estimated to reach...
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March 06, 2017, 07:08 AM
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Total funding for U.S. fintech companies and deal activity dropped significantly in 2016, down to $12.8 billion from $27 billion in 2015, a result of political and regulatory uncertainty, a decline in megadeals and investor caution, according to...
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February 23, 2017, 07:10 AM
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Cloud Lending Solutions announced that it had closed its latest financing round led by Cota Capital, with all existing investors participating. The proceeds will be used to continue its global expansion and to further develop its industry-leading...
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February 21, 2017, 07:08 AM
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Wave, a leading provider of financial services and software for small businesses, and OnDeck® announced a partnership in which Wave will offer OnDeck business loans and lines of credit to its customer base. The new offering, "Lending by Wave," will...
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February 13, 2017, 07:00 AM
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Fifth Third Bancorp announced an innovative partnership between Fifth Third Capital Holdings, LLC and leading financial technology (fintech) venture capital firm QED Investors. Under the exclusive partnership, QED Investors will advise on the...
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January 23, 2017, 08:00 AM
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The Independent Community Bankers of America® (ICBA) expressed strong concerns with an Office of the Comptroller of the Currency proposal to grant special-purpose bank charters to unregulated financial technology companies. In a comment letter on the...
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January 23, 2017, 07:11 AM
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Ascentium Capital was announced as a finalist in the Top Small Business Lending Platform category by LendIt, the world’s largest show in lending and FinTech. Finalists included companies that demonstrate a combination of loan performance, volume...
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January 20, 2017, 07:15 AM
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Bizfi, the premier fintech company with a platform that combines aggregation, funding and a marketplace on a single platform for small businesses, announced that it has surpassed $2 billion in financing – through both growth and working capital – to...
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December 23, 2016, 07:15 AM
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Citizens Bank announced that it will offer digital lending capabilities to small business customers through a collaboration with Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider to regional and community banks....
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December 21, 2016, 07:20 AM
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Moody's has published a comment in thier Credit Outlook that the announcement by the U.S. OCC that it would begin accepting special-purpose bank charter applications from fintech companies is credit positive for marketplace loan ABS.According to...
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December 09, 2016, 07:09 AM
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The Alta Group and Currency, founding sponsors of the Commercial Equipment Marketplace Council (CEMC), will host an East Coast roundtable Dec. 8 at Columbia University in New York on the ways FinTechs, equipment finance companies, lenders and...
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December 08, 2016, 07:00 AM
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The credit quality of loans originated in the US by so-called marketplace lenders and backing new asset-backed securities (ABS) is unlikely to change meaningfully in 2017, Moody’s Investors Service says in its just-published outlook for the sector....
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December 07, 2016, 06:52 AM
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Comptroller of the Currency Thomas J. Curry announced that the Office of the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) companies to become special purpose national...
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December 05, 2016, 07:15 AM
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Bizfi announced they have originated more than $127 million in financing in the third quarter of 2016. The top sectors seeking financing through the Bizfi marketplace include manufacturing, retail, business-to-consumer (B2C) services (i.e. daycare...
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November 23, 2016, 06:08 AM
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Bizfi, a leading fintech company with a platform that combines aggregation, funding and a marketplace for small businesses, announced its board of directors has appointed John Donovan as the company’s chief executive officer (CEO). Donovan is a...
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October 25, 2016, 07:12 AM
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TBF Financial has entered into a forward-flow relationship with a leading online small business lender, TBF Principal Brett Boehm announced today. TBF will purchase an estimated $100 million annually of charged-off loans from the financial technology...
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October 12, 2016, 07:09 AM
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PayNet, Inc., the nation’s small business credit expert, announces the release of the new PayNet MasterScore for Alternative Lending, the first ever pooled-data score for the Alternative Lending space. This score, which is a coming-of-age milestone...
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October 05, 2016, 07:04 AM
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Chesswood Group Limited announced that Windset Capital Corporation, its U.S. working capital loan subsidiary, will discontinue accepting new loan applications from its brokers and independent sales organization network effective September 26, 2016...
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September 20, 2016, 07:18 AM
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GreenSky, LLC, announced a groundbreaking partnership with Fifth Third Bancorp designed to add significant strategic value to both organizations and their customers. The comprehensive agreement enables Fifth Third to originate loans through...
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September 15, 2016, 07:20 AM
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In a new report, Moody’s Investors Service examines several credit risks in securitizations backed by loans to small businesses which are originated by US marketplace lenders (MPLs) that focus on lending to businesses with less than $10 million in...
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September 14, 2016, 07:24 AM
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Fora Financial has once again been featured in Inc.com’s list of the 5000 fastest-growing private companies nationwide. This marks the third consecutive year Fora Financial has made the Inc. 5000 list, during which the company has grown revenue by...
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August 29, 2016, 07:00 AM
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Fundation Group announced that it has obtained a $100 million asset-backed credit facility from Goldman Sachs. Fundation will use this credit facility to accelerate its growth by increasing its capacity to extend credit to small businesses across the...
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August 25, 2016, 07:02 AM
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Amid a tougher climate for marketplace lenders and a drop in mega-round activity, investment in VC-backed fintech companies fell 24 percent in the U.S and nearly 50 percent globally during Q2 ‘16, according to the Pulse of Fintech, the quarterly...
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August 19, 2016, 08:06 AM
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CAN Capital and Entrepreneur Media, Inc., publisher of Entrepreneur magazine and Entrepreneur.com, announced the official launch of an exclusive funding center that will allow small businesses access to a range of flexible funding products designed...
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August 17, 2016, 07:15 AM
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Bizfi announced an increase of 25 percent in year-over-year small business lending originations in the second quarter of 2016. This totals in excess of $144 million, compared to $116 million in Q2 2015. The company either directly originated...
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August 17, 2016, 07:05 AM
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Townsquare Media, Inc. (“Townsquare”), a leading media, entertainment and digital marketing solutions company focused on small and mid-sized markets and Lendio Inc. announced an exclusive partnership designed to fuel small business funding...
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July 25, 2016, 07:00 AM
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The National Directory of Registered Tax Return Preparers & Professionals (PTIN) has selected fintech company Bizfi to provide its tax professionals, accountants, CPAs and their small business clients with access to funding through its aggregation...
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July 21, 2016, 07:05 AM
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A roundtable today at the Stanford Graduate School of Business will examine how financial technology (Fintech) is disrupting traditional business models in asset-based finance. The roundtable, co-sponsored by Currency Capital and The Alta Group, is...
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July 19, 2016, 07:09 AM
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Currently, there is a debate beginning to emerge in Washington, in Springfield, in Albany, and in other government centers about what sources of funding small businesses should be allowed to access. In a world in which small business credit through...
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July 12, 2016, 07:00 AM
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Metropolitan Equity Partners (“Metropolitan”) announced it has invested $20M in Bizfi.This investment represents an increase from the $65M financing of the Company in December. This round of financing will enable Bizfi to:
Expand its suite of...
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June 30, 2016, 07:00 AM
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InMotion Global, Inc. announced that it has integrated Triumph Business Capital’s full offering of load funding services within AscendTMS, a leading cloud-based transportation management system (TMS) for trucking companies, freight brokers, third...
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June 23, 2016, 07:09 AM
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OnDeck®, announced that Daniel S. Henson was elected to its Board of Directors effective June 2, 2016. Mr. Henson brings nearly 30 years of experience from General Electric Company (GE), where he held a variety of senior positions at GE and General...
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June 07, 2016, 07:06 AM
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Lendio announced it has joined website domain registration site GoDaddy marketplace to support the funding needs of more than 14 million small business owners and entrepreneurs. This will not only increase Lendio’s reach and potential customer base...
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May 26, 2016, 07:03 AM
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Avidia Bank announced the launch of Commercial Lending Center™, a new online business loan application portal. Commercial Lending Center is the simple and secure way to help businesses get quick and convenient access to loans online. Business loan...
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May 23, 2016, 07:05 AM
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Bizfi announced it originated more than $144 million in financing to 3,605 small businesses in the first quarter of 2016. This is a record in originations for any one quarter, resulting in a 49 percent year-over-year increase over the $96 million...
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May 18, 2016, 07:14 AM
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The U.S. Treasury Department issued a white paper regarding its review of the online marketplace lending industry. The white paper titled, “Opportunities and Challenges in Online Marketplace Lending,” provides an overview of what the Treasury...
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May 11, 2016, 07:22 AM
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The online alternative finance market, including crowdfunding and peer-to-peer lending, is exploding in the U.S., generating more than $36 billion in funding in 2015, up from $11 billion in 2014, according to a new report published by KPMG, the...
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April 12, 2016, 07:18 AM
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National Funding announced that Torrie Inouye has been named the company’s president. Inouye will report directly to Founder and CEO Dave Gilbert.National Funding has experienced a 172% revenue growth surge over the past three years, bringing into...
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April 12, 2016, 07:07 AM
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Biz2Credit announced that it has partnered with Tata Capital, the flagship financial services company of the $108 billion Tata GroupThrough this partnership, Tata Capital will utilize the acquisition channels on Biz2Credit's small business lending...
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April 12, 2016, 07:00 AM
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Quick Bridge Funding, a privately-held, Inc. 500 financial services firm, announced president, Ben Gold, will serve as both a moderator and a panelist at the flagship LendIt USA 2016 conference in San Francisco, California April 11-12, 2016. LendIt...
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April 06, 2016, 07:10 AM
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In an attempt to gauge funding needs and challenges for mid- to large-sized businesses, Bibby Financial Services revealed the who, what and why of commercial finance needs for today’s financial decision makers and their outlook for 2016. This survey...
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March 31, 2016, 07:11 AM
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Channel Partners Capital announced a new award won for being a part of Minnesota Business magazine’s selected top 100 best companies to work for. This award recognizes Minnesota's top companies and determines which companies excel in the areas of...
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March 29, 2016, 07:19 AM
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Results from a PwC survey, which assesses the rise of new technologies in the financial services (FS) sector and their impact on market players, reveal 83% of respondents from traditional Financial Services (FS) firms believe part of their business...
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March 25, 2016, 07:19 AM
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Biz2Credit announced that it has partnered with Advantage Funding, a leading transportation finance firm in the U.S and a provider of equipment financing and leasing solutions for nearly two decades. Through this partnership, Advantage Funding will...
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March 23, 2016, 07:30 AM
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36th Street Capital announced it recently funded an $8 million lease financing of mission critical equipment for a leading provider of global security services. Mark Horan, chief growth officer at 36th Street Capital explained, “The lessee was having...
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March 21, 2016, 07:15 AM
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Western Independent Bankers (WIB), a trade association which markets to over 600 community and regional banks, announced that it will partner with Bizfi, a financial technology company that provides a wide range of financing options for small...
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March 18, 2016, 07:12 AM
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Venture funding in the U.S. fintech sector jumped 72% in 2015, hitting a record $7.39 billion - up dramatically from $4.3 billion in 2014. The banner year was highlighted by newly minted Unicorns and increased involvement by financial services giants...
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March 14, 2016, 07:10 AM
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Lendio and the Small Business & Entrepreneurship Council (SBE Council), a leading advocacy and education organization dedicated to promoting entrepreneurship and strong small business growth, announced a partnership designed to support the funding...
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March 14, 2016, 06:57 AM
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The New York State Restaurant Association has selected Bizfi, a premier FinTech company which combines aggregation, funding and a participation marketplace for small businesses on one platform as the exclusive financial provider for its...
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March 04, 2016, 07:24 AM
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Mainspring Funding, a national distribution platform for investors and a lending connection source for small business borrowers, has released its newly enhanced platform, www.mainspringfunding.com, designed to give borrowers and qualified investors...
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February 11, 2016, 07:05 AM
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SunTrust Banks, Inc. (NYSE: STI) has launched a new Payments & Technology Industry Specialty in Commercial and Business Banking. This creates a unique opportunity to drive an industry focus on companies developing financial technology and digital...
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February 03, 2016, 07:19 AM
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LeaseQ announced support for the expansion of Steadfast Fitness & Performance, a personal training facility developed by former NFL player and Super Bowl Champion Isaiah Stanback and former University of North Texas Wide Receiver Jared Harrison. By...
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January 29, 2016, 07:17 AM
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For the first time ever, a major FinTech company and small business lender, National Funding, has announced that it will be the title sponsor of the 2015 Holiday Bowl in San Diego. The National Funding Holiday Bowl pits USC versus Wisconsin. ...
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December 17, 2015, 07:00 AM
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Bizfi announced that Metropolitan Equity Partners (“Metropolitan”) has provided a structured financing facility of $65 million to the company to drive growth. Closing this financing round enables Bizfi to:
Expand its suite of funding programs...
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December 16, 2015, 07:16 AM
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Channel Partners Capital, LLC announced a newly launched strategic partnership with Atlanta-based Syracuse Strategies LLC ("Syracuse"). Under the terms of the deal, Channel and Syracuse have combined the substantial capital resources and processing...
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December 02, 2015, 07:10 AM
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Accord Financial Corp. announced the launch of AccordAccess, a unique online lending program aimed at financing growth for small and medium-sized businesses across Canada. AccordAccess is a fast, flexible working capital solution that provides...
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November 25, 2015, 07:05 AM
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OnDeck announced a major expansion of its product suite. The company now offers the online lending industry's widest range of term loans and lines of credit, designed to meet the vast and varied financing needs of small businesses.Small business...
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October 21, 2015, 07:10 AM
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ZRG Partners, a leader in executive recruiting for the equipment finance and lending markets, has added Rahul Kapur as Managing Director to support growth in the Payments and Retail Banking sector. Rahul will be part of the firm’s global financial...
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October 19, 2015, 07:00 AM
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LeaseQ, an online marketplace connecting businesses, equipment sellers, and equipment finance companies to make selling and financing equipment fast and easy, today announced a partnership with alternative lending platform Fund Simple, Inc., a...
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October 15, 2015, 07:07 AM
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Palladium Equity Partners, LLC (along with its affiliates, "Palladium"), a private investment firm with over $2.0 billion in assets under management, announced that one of its affiliates has made a significant investment in partnership with the...
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October 15, 2015, 07:04 AM
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Regions Bank and Fundation Group LLC announced an agreement that will combine the strengths of one of the nation's largest full service banks with that of a leading online lender to provide small businesses with a first of its kind, coordinated...
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October 09, 2015, 07:15 AM
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Global investment into the new FinTech or financial technology sector is booming in a big way. In 2014, the FinTech industry reached more than $12 billion in investment. Investors include major banks like Citi, Wells Fargo and Bank of America....
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October 08, 2015, 07:10 AM
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Lendio recently released Lender Ratings and Reviews and Small Business Loan Calculators to assist business owners in their search for the best financing. These new tools provide a platform for borrowers to research a business loan product and lender...
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September 24, 2015, 07:07 AM
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Merchant Cash and Capital announced that MCC has transformed into Bizfi, an online lending and aggregation platform. Due to the success of Bizfi.com, launched earlier this year, Merchant Cash and Capital is completing its operational and brand...
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September 16, 2015, 07:14 AM
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