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 12, 2022, 07:00 AM
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Axis Auto Finance Inc., a fintech lender servicing the alternative auto finance market, announced its wholly owned subsidiary, Pivotal Capital Corp. (Pivotal) has secured an additional funding facility with Mitsubishi HC Capital Canada, Inc....
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July 07, 2022, 06:00 AM
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Tacora, an investment management firm dedicated to optimizing the financing of early and mid-stage companies, announced a $250 million first close of the firm’s inaugural fund. This marks a significant milestone towards the firm’s target fund size of...
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March 11, 2022, 07:00 AM
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The Harbor Bank of Maryland announced a partnership with Cerebro Capital, a commercial loan marketplace, to provide $50 million in loans to small businesses within the Baltimore Washington metro region. The program, which will offer loans as large as...
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February 10, 2022, 07:00 AM
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Oportun, an A.I.-driven fintech company, closed a $150 million credit facility secured by credit card receivables arising under the company’s Oportun® Visa® Credit Card issued by WebBank. WebBank is the lender under the new facility, which carries a...
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December 21, 2021, 08:04 AM
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The end of 2021 is fastly approaching, but that does not seem to phase Miami, FL based Fintech, Marco which announced the closing of an ABL deal, adding to its rapidly growing portfolio. Hayden Products, based in New York City, is a distributor of...
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December 13, 2021, 06:05 AM
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Finitive, the leading data-driven private credit marketplace connecting borrowers with institutional investors, hired two financial technology industry veterans, Jon Burlinson as Chief Information Officer and Joshua Masia as Chief Product Officer, to...
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November 16, 2021, 06:00 AM
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First Internet Bank and ApplePie Capital announced a loan purchase agreement to provide financing solutions for franchisees.Under the agreement, First Internet Bank expects to purchase $100 million of ApplePie’s growth-oriented “ApplePie Core"...
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October 14, 2021, 07:00 AM
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Morrison & Foerster announced the addition of Jeff Silberman as a partner in its FinTech and Financial Services Groups. Silberman brings nearly two decades of legal experience in the FinTech, financial services, and capital markets space, including...
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September 28, 2021, 08:00 AM
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Silicon Valley Bank and Plaid, a data network powering the digital financial ecosystem, announced a partnership to allow clients to instantly authenticate bank account information with Plaid and securely generate payments via a tokenized payment...
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September 17, 2021, 08:00 AM
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U.S. Bank 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, 08:03 AM
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LiquidX, the global fintech solutions provider for working capital, trade finance, and insurance, announced the appointment of Keith Raymond as Managing Director, InBlock Sales. Mr. Raymond will lead the commercial expansion of LiquidX’s...
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July 28, 2021, 08:03 AM
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Marble Financial, an AI-driven financial technology company that educates and helps Canadians better understand and manage their current cash flow and credit towards a better financial future, entered into an arm’s length definitive credit facility...
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July 26, 2021, 08:00 AM
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Marco, the first tech-enabled financing platform built for small and medium-sized exporters in the United States and Latin America, raised $82 million in seed funding. Led by Kayyak Ventures, the company has increased its credit line to $100M...
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July 14, 2021, 07:00 AM
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Finitive named Andrew Holgate to lead Finitive's European initiatives as the company's Managing Director – Head of Europe. In this UK-based role, Holgate will develop and maintain Finitive's relationships throughout Europe with non-bank lenders...
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May 25, 2021, 06:00 AM
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Medallion Financial Corp. announced that Medallion Bank has entered into a definitive agreement with ClearGage, LLC to provide loan origination services. ClearGage operates a technology platform which allows merchants or providers to offer a point-of...
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March 08, 2021, 07:00 AM
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Square announced its industrial bank, Square Financial Services, has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions.Square...
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March 02, 2021, 08:03 AM
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GovCon Funding Corporation launched its FinTech app for global aerospace, defense and government contractors seeking funding for their capitalexpenditures. This digital initiative is part of GovCon Funding Corporation’s next generation approach...
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February 10, 2021, 06:00 AM
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The Conference of State Bank Supervisors (CSBS) announced it has filed a complaint in the U.S. District Court for the District of Columbia opposing the Office of the Comptroller of the Currency’s (OCC) creation of a new national bank charter for...
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December 24, 2020, 09:00 AM
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The Covid-19 pandemic has rattled both public and private markets globally. VC-backed fintech startups are no exception, according to a new report from CB Insights. Across the board, fintech funding activity stalled in Q1’20 as the coronavirus...
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May 14, 2020, 09:05 AM
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Kalamata Capital Group and its affiliates (Kalamata) have partnered with a bank that is an SBA-approved lender to provide automatic Paycheck Protection Program (PPP) loans to small businesses.Kalamata is a financial technology company that provides...
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April 30, 2020, 09:00 AM
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Traditional banks will fall even further behind in market share and customer experience due to the global coronavirus pandemic, warns the CEO of one of the world’s largest independent financial advisory organizations.The comments from Nigel Green...
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April 23, 2020, 08:00 AM
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Lendsmart and Griffin Technologies, two fintech companies building software for banks and credit unions, have partnered to provide their customers a complete end-to-end solution for the Small Business Association’s (SBA) Paycheck Protection Program...
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April 22, 2020, 09:10 AM
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As American households face the uncertainty of the current volatile financial climate, more than ever it is crucial that Americans change their relationship with their money. Happy Money, a fintech building financial tools and services for human...
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April 01, 2020, 09:00 AM
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Reich & Tang (R&T) is proud to partner with Metropolitan Commercial Bank (MCB), whose Ultra Insured Account offering provides FDIC insured deposit solutions to school districts and other municipal funds.MCB’s Ultra Insured Account helps school...
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February 24, 2020, 09:00 AM
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Noel Moran, the Chief Executive Officer of leading FinTech Prepaid Financial Services has been accepted into Forbes Finance Council, an invitation-only community for executives in accounting, finance, wealth and asset management, and investment firms...
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January 16, 2020, 09:00 AM
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EquityUp, a venture-backed fintech company using cutting-edge platform technology to streamline investor onboarding and administration for lower to middle-market M&A automation, announced an agreement that ScanlanKemperBard (SKB), an Oregon based...
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July 26, 2019, 08:30 AM
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Digitalization has been a huge disruptor for the financial industry, and Big Data has increasingly made its presence known in the financial services industry. To practice in an environment that melds finance principles with technical skills, finance...
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May 30, 2019, 08:45 AM
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BitX Funding and Pelagic Capital are pooling resources to expand their offerings for business financing with combined decades of experience, strong alliances and an exceptional range of lenders. United in their objective to broker the ideal match for...
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May 29, 2019, 08:00 AM
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In an ever-evolving supply chain finance (SCF) industry, financial technology providers continue to disrupt the bank-led status quo and garner an increasing market share. This is primarily due to their offering of flexible financing techniques and...
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April 11, 2019, 09:10 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, 08:00 AM
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College Ave Student Loans, the leading fintech lender in the student loan industry, announced that it has secured a $65 million credit facility from Guggenheim Investments, the global asset management and investment advisory business of Guggenheim...
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February 22, 2019, 09:00 AM
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Fintech TimePayment announced the expansion of its revolving credit facility to $385 million inclusive of a $50 million accordion with its syndicate of lenders. TimePayment is committed to continually improving program flexibility and value to its...
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January 31, 2019, 08:00 AM
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Radius Bank, an industry-leading virtual bank, announced the recent launch of its enhanced online banking platform and Radius Mobile app. These new offerings were made possible by the partnership the Bank established with NYC-based financial...
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December 17, 2018, 08:00 AM
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Cred, a provider of crypto-backed lending with over $300 million in credit facilities, announced the launch of CredX, Cred’s developer platform, enabling any company or developer to turn their products into powerful financial applications for their...
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December 11, 2018, 08:00 AM
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BNB Bank, with assets of approximately $4.5 billion operating 38 retail branch locations serving Long Island and the greater New York metropolitan area, announces that it will use PayNet’s Credit History Report and MasterScore® v2 to digitize the...
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November 15, 2018, 09:00 AM
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iCapital Network, the financial technology platform democratizing alternative investments, announced that The Carlyle Group has invested in the company as a strategic partner.
The firm joins BlackRock (NYSE: BLK), The Blackstone Group (NYSE: BX)...
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November 13, 2018, 09:01 AM
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The shift to B2B digital payments is well underway among middle-market companies, but there are even more benefits that mid-sized firms can harvest from online payment processes. This is the top-line conclusion of Digital B2B Payments for Mid-Sized...
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November 06, 2018, 07:00 AM
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The Credit Junction, a data-driven, asset-based lender for small and mid-sized businesses, has secured a $23 million growth equity investment from Century Equity Partners. Century focuses on making investments in lower middle market companies that...
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November 01, 2018, 08:03 AM
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Just one year post-launch, Intuit Inc. shared the continued momentum of QuickBooks Capital, an innovative lending product that helps millions of QuickBooks small businesses get access to the capital they struggle to get elsewhere. Since launching...
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October 18, 2018, 07:00 AM
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Kashable, a leading alternative consumer lending solution, announced that it has secured a $100 million credit facility from MidCap Financial, a premier specialty finance firm managed by Apollo Capital Management, L.P. focused on delivering flexible...
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October 17, 2018, 08:01 AM
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Square 1 Bank, a division of Pacific Western Bank, announced that it has provided a $2.25 million credit facility to new client Paro, a leading, on-demand financial services platform. Proceeds from the facility will support continued growth...
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September 26, 2018, 08:00 AM
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IDC Financial Insights announced FIS and IBM top the 2018 IDC FinTech Rankings Top 100 and Enterprise 25 respectively. Now in its 15th year, the annual IDC FinTech Rankings categorize and evaluate technology providers based on calendar year revenues...
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September 25, 2018, 07:00 AM
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HSBC Commercial Banking announced the launch of its ‘Women on the Rise in FinTech’ initiative – a program aimed at celebrating and encouraging gender diversity by honoring the industry’s preeminent women and providing the resources and guidance to...
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September 10, 2018, 08:00 AM
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Quiddity Group, Inc announced the first completely free deal platform catering to the middle market. Quiddity's DealHome allows buyers to enter specific criteria and get company matches sent directly to their inbox, without having to dig through...
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September 10, 2018, 08:00 AM
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Beacon Platform, Incorporated, a global financial technology company, has closed its Series A funding round, led by PIMCO, as previously announced. Barclays, a leading global investment bank, and Global Atlantic Financial Group, an innovative...
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September 10, 2018, 07:00 AM
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HUTN Group Inc., a unit of HUTN, Inc. announced that it closed on a new $2.1 million credit facility from JPMorgan Chase. The financing is non-dilutive and is guaranteed by company directors. The first $1 million carries an interest rate of 3.90%...
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August 10, 2018, 08:01 AM
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Sidley Austin LLP announced that Lilya Tessler has joined the firm as partner and New York head of Blockchain and FinTech in the Securities & Derivatives Enforcement and Regulatory group. Ms. Tessler joins Sidley from McDermott, Will & Emery, where...
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August 08, 2018, 08:00 AM
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INCOME LOCKER (INLOCK), a platform where licensed lenders can compete for borrowers who want to use their cryptocurrency as collateral for loans, announced its global launch and the opening of its whitelist registration for an upcoming token sale on...
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August 03, 2018, 08:01 AM
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Monroe Capital LLC announced it co-sponsored Thunder Bridge Acquisition, Ltd., a special purpose acquisition company (SPAC), and entered into a forward purchase contract with Thunder Bridge. Thunder Bridge, which intends to focus its search on...
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July 24, 2018, 08:01 AM
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Santander Bank's Business Banking clients are being introduced to a new Bank Operating System in a move that will deliver a superior digital experience for customers that is as configurable and personalized as it is fast and easy-to-use. The Bank...
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July 23, 2018, 08:00 AM
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Leaders from industry, public policy, and academia are joining a Milken Institute effort to ensure that financial technology innovations are broadly and prudently made available to individuals and businesses, while simultaneously increasing the...
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July 06, 2018, 08:00 AM
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Edison Partners, the growth equity investment firm, announced leading a $9.0 million growth investment in Chicago-based Bento for Business, a provider of financial management solutions for small and midsize businesses. Bento will use the funds to...
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June 29, 2018, 07:00 AM
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TD Bank announced that it is the first and only top-10 U.S. bank to work with BizEquity to offer its small and mid-size business customers and prospects from Maine to Florida a fast and no-cost comprehensive business valuation through a cutting-edge...
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June 28, 2018, 08:00 AM
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Fundbox, a provider of credit and payments for small businesses serving other businesses (SMB2B), announced that it has been selected as winner of the "Best Overall Business Lending Company" award by FinTech Breakthrough, an independent organization...
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May 29, 2018, 08:00 AM
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HSBC and ING Bank have successfully executed a live trade finance transaction for international food and agriculture conglomerate Cargill using R3’s Corda scalable blockchain platform.The blockchain transaction involved a bulk shipment of soybeans...
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May 17, 2018, 07:00 AM
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Cerebro Capital, an online platform designed to revolutionize how corporate credit facilities are sourced and managed, announced a Series A investment from Sterling Partners, a diversified investment firm committed to building great companies and...
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April 19, 2018, 08:01 AM
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BAM, an Atlanta-based fintech leader providing cash management and working capital solutions to the transportation industry, announced that it has acquired Vertex Financial. The acquisition allows BAM to expand its focus outside of the transportation...
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January 23, 2018, 08:00 AM
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OnDeck®, a provider of online lending for small business, announced that a fund managed by an investment advisor subsidiary of BlackRock has joined OnDeck's platform of financing partners as another committed source of capital to fund small business...
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January 02, 2018, 07:00 AM
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Analysts project that digital lending growth will slow down over the next several years as lenders look to build sustainable and profitable businesses focused on quality borrowers, a new report from S&P Global Market Intelligence says. The 2017 U.S...
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December 11, 2017, 08:00 AM
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Digital asset-based lender, InterNex Capital (InterNex) announced their Velocity platform for small and medium-sized businesses. Velocity provides borrowers on demand liquidity through the InterNex Line of Credit and delivers real-time access for...
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November 17, 2017, 08:00 AM
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Automated Financial Systems, Inc. (AFS®) announced it has completed the first step of its partnership with BB&T Corporation to implement AFSVision®, a key milestone of BB&T’s commercial loan improvement program.“To improve our overall lending...
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November 02, 2017, 08:00 AM
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Lendified, a Toronto, Canada-based online lender for small businesses, entered into a $60 million credit facility agreement with ClearFlow Commercial Finance.The financing will increase the company’s capacity to fund loans delivered through the...
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October 30, 2017, 08:00 AM
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PayNet, Inc., a provider of credit assessments on privately held commercial lending businesses, 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...
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October 27, 2017, 07:01 AM
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SAP SE announced that Lloyds Banking Group will boost its payment capabilities and provide corporate and institutional clients with a cash management and payments platform from SAP, powered by SAP HANA®. By bringing new digitalized functionalities to...
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October 24, 2017, 08:00 AM
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P2Binvestor (P2Bi), a marketplace lending platform that offers crowdsourced, asset-secured lines of credit to growing companies with big ambitions, announced the launch of a bank partnership program. The program gives growing businesses an innovative...
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October 16, 2017, 08:00 AM
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Following the successful launch of the Fintech Scorecard Service, The Disruption House (TDH) announced the availability of three Capital Markets Clusters. These are the first in a series of domain specific models, created to pinpoint key business...
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October 13, 2017, 07:00 AM
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JPMorgan Chase announced its plans to deliver a simpler and faster way for businesses to send and receive invoices and payments. This new automated payments solution will be part of Chase’s enhanced digital platform, and it will help clients save...
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September 22, 2017, 07:00 AM
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HighRadius Corporation, a provider of cloud-based Integrated Receivables software, raised $50 million in growth funding from Susquehanna Growth Equity to continue its aggressive growth and expand its presence globally. HighRadius works with hundreds...
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September 20, 2017, 08:01 AM
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As banks and financial services companies invest in financial technology (or “fintech”), innovation has focused on customer acquisition and convenience of access. For Far West Capital, an Austin financial services company that specializes in invoice...
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September 15, 2017, 07:00 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, 08:01 AM
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Wirecard, a supplier of digital payment solutions and internet technology, will support the Berlin-based FinTech Billie in the digitisation of its payment processes. Billie will offer SMEs and freelancers the opportunity to pre-finance their invoices...
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August 15, 2017, 09:00 AM
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PeerIQ, a leading provider of data and analytics for the lending sector, announced that it has closed a $12 million Series A funding round, co-led by TransUnion, Hearst’s Financial Venture Fund and Macquarie Group, along with existing investors...
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August 02, 2017, 08:00 AM
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Manatt, Phelps & Phillips, LLP, announced new co-chairs of the firm’s industry-leading financial services group, with the appointment of Richard Gottlieb, Brian Korn and Donna Wilson. Gottlieb is a partner in the firm’s Chicago office, Korn is based...
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July 21, 2017, 09:00 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, 08:00 AM
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Trucker Path, America’s popular freight-matching platform, secured $30 million debt financing from Flexible Funding with the participation of Silicon Valley Bank to scale its financial services offered to trucking companies.Trucker Path helps...
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June 20, 2017, 07:30 AM
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Citizens Bank announced that it will partner with Bottomline Technologies to deploy a market-leading online and mobile banking platform for its Commercial and Business Banking clients.The new digital banking platform will provide clients with an...
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June 19, 2017, 07:00 AM
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Applied Data Finance, LLC (ADF), a technology-enabled lender and asset manager, announced that investment firm Victory Park Capital (VPC) has increased its existing credit facility with ADF from $50 million to $75 million and extended it through 2021...
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June 02, 2017, 08:00 AM
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Linedata, the global solutions provider dedicated to the investment management and credit industries, announced that the Israel Discount Bank of New York (IDBNY) has chosen its best-in-class lending and leasing solution for credit decision makers:...
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May 25, 2017, 07:00 AM
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Sharestates, an online real estate investment marketplace, announced today the launch of its new financing capability, Shareline Solution, which puts Sharestates forward as a strategic financing partner for lenders across the country. Working with...
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May 02, 2017, 08:00 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, 08:00 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 18, 2017, 08:00 AM
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Crowdfund.co, an equity crowdfunding website focused on middle market business finance for everything from real estate to technology, announced the launch of a newly-designed website and logo. In addition to the firm’s website changes, the firm also...
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March 27, 2017, 07:00 AM
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US Capital Partners provided a financing line of credit scalable to $15 million for an alternative lender headquartered in the Southeastern United States. US Capital Partners is a private investment bank that makes direct debt investments...
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February 08, 2017, 07:30 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, 07:27 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, 07:06 AM
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Bizfi , a premier fintech company with a platform that combines aggregation, funding and a marketplace for small businesses, announced they have originated more than $127 million in financing in the third quarter of 2016. The top sectors seeking...
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November 16, 2016, 07:34 AM
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Genpact, a global leader in digitally-powered business process management and services, today announced an innovative platform that drives rapid, broad scale transformation and changes the business model for online commercial lending, creating more...
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November 16, 2016, 06:53 AM
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Lendified Holdings Inc., a Canadian-based lending technology company offering working capital and related financial services products to the small business community, announced that it has entered into an agreement with Liquid Capital Corporation , a...
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August 17, 2016, 07:43 AM
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Bizfi, the premier fintech company with a platform that combines aggregation, funding and a marketplace for small businesses, announced an increase of 25 percent in year-over-year small business lending originations in the second quarter of 2016....
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August 17, 2016, 07:24 AM
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US Capital Partners Inc. announced the successful initial closing of an investment facility of up to $1.25 million for CommunityLeader, Inc. (“CLI”). CLI is a Nevada-based FinTech business that offers proprietary online securities offering platforms...
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August 03, 2016, 07:29 AM
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US Capital Partners Inc. has been engaged by CommunityLeader, Inc. (“CLi”) as its exclusive strategic advisor in capital formation needs. CLi will use the new financing to upgrade tech infrastructure, expand customer service, increase sales and...
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April 06, 2016, 07:36 AM
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TradeRocket announced that Hitachi Capital America Corp. has committed to provide up to $100 million of funding to the mid-market through TradeRocket's innovative supply chain finance program. "TradeRocket has identified a market that Hitachi...
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February 19, 2016, 07:58 AM
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Bizfi, a Fintech company with a platform that combines aggregation, funding and a participation marketplace for small businesses, announced it originated over $142 million in business financing in the fourth quarter of 2015 -- a record for any one...
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February 10, 2016, 08:07 AM
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LendingPoint, a leading Atlanta-based FinTech direct loan provider, announced its signing of a credit facility that provides up to $100 million of funding capacity with funds managed by the Tradable Credit and Direct Lending Groups of Ares Management...
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October 15, 2015, 07:33 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 28, 2015, 07:32 AM
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