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News Stories (192 Results) - Fintech

Credibly announced the close of its third securitization totaling $75 million in additional funding capacity. This milestone marks a significant achievement for the Company, with KBRA assigning a “AA” credit rating to the senior notes. The issuance... Read Story
April 26, 2024, 07:30 AM

Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital, provided a $125 million warehouse facility to fintech infrastructure startup, Parafin. Recently named to the 2024 Fintech Innovation 50, Parafin... Read Story
April 10, 2024, 07:00 AM

LendingTree has secured up to $175 million in financing in the form of a first lien term loan facility from funds managed by Apollo affiliates (the "Apollo Funds").LendingTree intends to draw $125 million of the facility upon funding while the... Read Story
March 28, 2024, 09:00 AM

Float, one of Canada’s fastest growing fintechs, kicked off 2024 with an aggressive expansion plan and the backing of a C$50 million credit facility in partnership with Silicon Valley Bank (SVB), a division of First Citizens Bank. Under the terms of... Read Story
February 14, 2024, 07:35 AM

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... Read Story
February 05, 2024, 07:30 AM

Skylight Lending, a provider of financing solutions in the residential solar space, closed a multi-million-dollar credit facility with M&T Bank. This strategic relationship marks a significant milestone for Skylight as it positions the company for... Read Story
January 19, 2024, 07:28 AM

Castlelake, a global alternative investment firm specializing in asset-based opportunities and Vervent, a leading fintech servicing company, entered into a new forward flow agreement whereby certain Castlelake funds and affiliates will provide up to... Read Story
January 12, 2024, 07:47 AM

SellersFi, a global, cutting-edge financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135 million with the potential to grow up to $300 million as SellersFi expands. The senior... Read Story
December 18, 2023, 07:49 AM

Kennedy Lewis Investment Management, a leading alternative credit manager, announced that it has launched a partnership with iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, which... Read Story
December 14, 2023, 07:48 AM

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, and Best Egg, Inc., a leading fintech that provides flexible solutions to help people with limited savings confidently navigate their everyday financial... Read Story
December 06, 2023, 07:48 AM

Breakout announced that the Company has unveiled a new brand identity, reflecting its redefined strategy focused on delivering a comprehensive suite of specialized lending products to address the unique challenges of its small business clients... Read Story
November 14, 2023, 07:03 AM

MPOWER Financing, a mission-driven fintech firm and the leading provider of non-cosigned loans to promising students from around the world, closed on debt financing that has propelled the firm's overall lending capacity to over $300 million. Active... Read Story
November 08, 2023, 08:00 AM

CAN Capital appointed Richard G. Irwin as Chief Financial Officer (CFO). Irwin has been in senior financial leadership positions for the past decade and has been in the financial industry for the past 30 years.“Rich is joining CAN at the perfect time... Read Story
November 01, 2023, 07:00 AM

Castlelake, a global alternative investment firm specializing in asset-based opportunities and Oportun, a mission-driven fintech, announced the entry into a new agreement whereby certain of Castlelake funds and affiliates, will provide a $200 million... Read Story
October 23, 2023, 08:30 AM

Momnt, a leading fintech company specializing in real-time lending and payment solutions for businesses, and Saluda Grade, a synergistic and vertically integrated investment platform investing in emerging asset classes within the U.S. real estate... Read Story
October 23, 2023, 08:09 AM

Encina Lender Finance, closed a $50MM senior secured credit facility for Bright Money, a fintech platform that helps consumers manage their debt.Bill Laird, Head of Risk for ELF’s consumer vertical, said, “We are proud to support Petko Plachkov, Avi... Read Story
October 02, 2023, 08:00 AM

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... Read Story
September 25, 2023, 08:00 AM

Dave, one of the nation’s leading neobanks, amended its existing Delayed Draw Senior Secured Loan Facility with Victory Park Capital Advisors (“VPC”), effective September 13, 2023.The amendment to the Credit Facility accomplishes the... Read Story
September 20, 2023, 07:57 AM

Lighter Capital closed two funding facilities: $100 million in the U.S. and Canada provided by Atlas, a division of Apollo Global Management and i80, and $30 million Australia provided by the Victorian Government and iPartners. Lighter Capital will... Read Story
August 31, 2023, 07:42 AM

OneBlinc, a leading fintech company specialized in providing payroll loans for Federal employees, secured a new $100 million credit facility with Clear Haven. This significant financial milestone aims to fuel future portfolio growth and refinance... Read Story
August 17, 2023, 07:00 AM

Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.The Chapter 11 filing follows the permanent appointment of... Read Story
August 15, 2023, 07:45 AM

Global fintech company SumUp entered into a US$100 million credit facility with Victory Park Capital (“VPC”). The credit facility will enable SumUp to provide advance payments to merchants based in the UK in the immediate term and in other European... Read Story
August 10, 2023, 07:56 AM

Credibly, the data science-driven fintech lending platform that champions small and medium-sized businesses (SMBs), announced a management-led buyback of all the outstanding equity investment previously held by a prominent private equity firm. This... Read Story
August 08, 2023, 07:07 AM

Breakout Capital completed a $45 million credit facility in which Synovus Bank will provide the senior credit facility and an Austin, Texas-based credit fund, will provide the subordinate credit facility. Under the terms of the agreement, Breakout... Read Story
July 27, 2023, 07:41 AM

OppFi Inc., a mission-driven fintech platform that helps everyday Americans gain access to credit with digital specialty finance products, increased its existing revolving credit facility with affiliates of Atalaya Capital Management (“Atalaya”) to... Read Story
July 25, 2023, 07:39 AM

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... Read Story
June 08, 2023, 07:49 AM

Lendbuzz closed a $125 million credit facility with Royal Bank of Canada. The additional warehouse capacity will support continued loan origination growth.The expansion increases the company’s capacity and ability to grow the number of borrowers its... Read Story
May 11, 2023, 07:54 AM

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... Read Story
April 05, 2023, 07:55 AM

Rapid Finance was named “Best Business Lending Product” in the 7th annual 2023 FinTech Breakthrough Awards, recognizing the top companies and products in the financial services and technology industry.Traditional small business and SBA loan... Read Story
March 27, 2023, 07:00 AM

CFG Merchant Solutions, a technology-enabled specialty finance and alternative funding provider, closed a $20.0 million investment-grade rated corporate note financing from a group of leading U.S.-based institutional investors.  The transaction was... Read Story
March 06, 2023, 07:27 AM

Marco — the first tech-enabled trade financing platform built for small and medium-sized businesses in Latin America and the United States — announced it has received a $200 million credit facility from leading middle market lender MidCap Financial... Read Story
February 28, 2023, 07:40 AM

Propel Holdings, a fintech company dedicated to credit inclusion, announced a new $250 million syndicated credit facility for the company’s CreditFresh line of business. The new credit facility replaces and upsizes the previous CreditFresh facility... Read Story
February 24, 2023, 07:34 AM

Regions Bank closed a $135 million credit facility with Lendbuzz, an AI-based fintech company that is revolutionizing the auto finance market.Lendbuzz intends to use the funds to fuel the continued growth of its dealership floor planning... Read Story
December 16, 2022, 07:54 AM

Lendbuzz, a fintech company that is disrupting the car financing market using AI and machine learning algorithms, closed a $150 million credit facility with J.P. Morgan.This is the second credit facility between the investment bank and the financial... Read Story
November 03, 2022, 07:55 AM

Rapid Finance announced its acquisition of digital lending platform provider, Thrive, at American Banker’s Small Business Banking conference.As part of Rapid Finance’s recent corporate rebrand and restructuring, the Thrive acquisition represents a... Read Story
October 04, 2022, 07:10 AM

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... Read Story
September 29, 2022, 07:55 AM

Agora Data, a FinTech company transforming automotive financing by providing U.S. independent auto dealers and finance companies precision loan performance analytics and access to ample, affordable capital, closed a $100 million revolving credit... Read Story
September 22, 2022, 07:21 AM

Doc2Doc, a leading LendTech company focused on the medical space, announces the closing of a new $25 Million warehouse facility to help further growth, provided by Encina Lender Finance. "We are ecstatic to be able to help more members, and grateful... Read Story
September 13, 2022, 07:45 AM

iCapital, a global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and Ares Wealth Management Solutions (“AWMS”) announced an expansion of their partnership to provide financial... Read Story
September 07, 2022, 07:56 AM

TimePayment closed a new $375 million revolving credit facility, including a $50 million accordion. The facility replaces its previous, primary facility that was set to mature at year end. BMO Harris Bank serves as the Lead Agent for a bank syndicate... Read Story
August 31, 2022, 07:35 AM

Rivonia Road Capital, a global alternative asset manager, focused on credit for high-growth companies, provided Tandym with $50 million in debt financing, alongside an equity investment in Tandym’s most recent fundraise.Tandym, based in Chicago, IL... Read Story
August 25, 2022, 07:09 AM

SellersFunding, a fintech provider for ecommerce sellers, announced the addition of two new products to its robust lineup of working capital products, Invoice Factoring and Purchase Order (PO) Financing. Invoice Factoring and PO Financing support... Read Story
June 20, 2022, 08:12 AM

eCapital appointed Mark Wilson as chief technology officer. As part of the executive leadership team, he will be responsible for advancing all platforms and improving infrastructure to execute the company’s technical vision and facilitate its ability... Read Story
May 31, 2022, 07:28 AM

LSQ announced the acquisition of Qwil, a San Francisco-based fintech company that provides early payments to staffing firms.Founded in 2015 by Johnny Reinsch, Paul Tiplady and Trevor Branon, Qwil provides the contingent staffing market with financial... Read Story
May 26, 2022, 07:40 AM

Funding Circle launched a new program for BancAlliance, a network of over 325 community banks, where participating members can purchase a diversified pool of interests in small business loans originated through Funding Circle’s platform. This... Read Story
May 24, 2022, 07:30 AM

LendingPoint, an AI-driven CreditTech platform, announced it achieved its seventh consecutive quarter of profitability in Q1 2022.Q1 2022 Financial and Operational Highlights: Platform originations in Q1 2022 increased 141.3% over Q1 2021, and... Read Story
May 23, 2022, 07:35 AM

Credibly, a data science-driven fintech lending platform, continued investment in growth, refinancing a maturing $10.0 million Corporate Note into a new five-year term. The Note received a one notch rating upgrade from Egan-Jones to “BBB”.Brean... Read Story
May 19, 2022, 07:20 AM

Deserve, the venture-backed fintech company expanding and powering the real-time credit card economy, announced today a new $250 million credit facility with Goldman Sachs, Cross River, and Waterfall Asset Management.With Deserve's digital-first... Read Story
May 12, 2022, 07:50 AM

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... Read Story
April 28, 2022, 07:21 AM

QuadFi, a mission driven global fintech firm headquartered in Canada, entered into an agreement for a new financing facility of up to US$100 million (CAD $127M) with Crayhill Capital Management, a New York-based minority-owned private credit manager.... Read Story
April 21, 2022, 07:00 AM

Liquidity Group entered into agreements with respect to approximately $775 million in capital commitments year-to-date 2022, led by funds and entities managed by affiliates of Apollo. The commitments, which are subject to satisfaction of certain... Read Story
April 06, 2022, 07:45 AM

Fintegra, a fintech direct funder, secured a credit facility of $30 million from Bastion Funding. The credit facility will help Fintegra address the growing demand from business owners for fast and reliable access to working capital. Fintegra is a... Read Story
March 03, 2022, 07:40 AM

ApplePie Capital announced Jamie Davis, CFE, has joined its team as Vice President of Business Development.Davis brings 15 years of franchise development experience, most recently serving as Executive Director of Franchise Development for FirstLight... Read Story
February 28, 2022, 05:00 AM

Velocity Capital Group secured a multi-draw term funding line of credit with Arena Investors, LP, a global institutional alternative asset manager. The line of credit will provide VCG with a borrowing capacity of up to $50 million and a deep pool of... Read Story
February 16, 2022, 07:42 AM

BlueVine increased the size of its BlueVine Line of Credit warehouse debt facility with Atalaya by two new lenders, both advised by 20 Gates Management, and increasing the committed amount to $150 million, with the ability to upsize the facility to... Read Story
February 04, 2022, 07:10 AM

eCapital Corp. announced the acquisition of UMB Bank’s Accounts Receivable Financing division portfolio.“This acquisition from UMB Bank supports our organizational growth strategy, as we continue to advance our position in the alternative finance... Read Story
January 27, 2022, 08:00 AM

Horizon Technology Finance led a $50 million venture loan facility to Nextcar Holding Company, Inc. dba Autonomy, a completely digital mobility offering that provides consumers with an affordable way to get access to a vehicle without long-term debt... Read Story
January 26, 2022, 07:52 AM

FundThrough has acquired the invoice factoring business of financial technology company BlueVine. The acquisition fast tracks the company’s strategic focus on embedded finance and its expansion efforts in the U.S. market, doubling the number of U.S.... Read Story
January 13, 2022, 08:00 AM

SVB Financial Group, the parent of Silicon Valley Bank, announced the continued growth of the Tech Investment Banking team with additional hires in the Internet, Consumer / Marketing Software, Fintech, and Enterprise Software sectors along with the... Read Story
December 07, 2021, 07:55 AM

Kafene, a fintech company bringing innovation to a key segment of the point-of-sale financing market, has secured $75 million in additional debt and equity to accelerate company growth. The package included a $50 million credit facility from Credit... Read Story
November 19, 2021, 07:57 AM

Mercury Financial LLC (Mercury Financial), a financial inclusion technology company, announced the closing of a new $400 million warehouse facility. This transaction increases Mercury Financial’s funding capacity as it continues to grow its customer... Read Story
November 04, 2021, 07:30 AM

Synergy One Lending, a leading independent, technology-enabled specialty finance company based in San Diego, CA, completed a $50.0 million corporate note financing with a consortium of institutional investors. The Company intends to accelerate its... Read Story
October 20, 2021, 07:00 AM

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... Read Story
September 21, 2021, 08:03 AM

WebBank provided a new senior secured, asset-backed revolving credit facility to an affiliate of Libertas Funding. WebBank is the sole arranger and lender under the facility. Libertas will use borrowings from the credit facility to purchase... Read Story
September 16, 2021, 07:07 AM

IDS, a leading provider of mission-critical enterprise solutions for secured finance, announced it was named one of the top 100 financial technology providers in the world by IDC Financial Insights, ranking 69th on the 2021 IDC FinTech Rankings. The... Read Story
September 14, 2021, 07:42 AM

Nuula, a fintech company focused on small businesses, announced $120 million in new funding. The total is made up of $20 million in equity funding led by Edison Partners that will accelerate the brand's launch and drive adoption of the Nuula mobile... Read Story
September 09, 2021, 07:30 AM

Funding Circle, the small business loans platform and Congressional Bank, a bank headquartered in Maryland, announced an extension of their existing lending partnership to provide more capital to small businesses across the U.S.The second phase of... Read Story
August 16, 2021, 05:47 AM

Liquidity Capital, a global fintech and fund manager, announced the closing of a $7 million credit facility for deep-learning software company, Avaamo; a deal that took 24 hours to complete thanks to Liquidity Capital’s disruptive DYNAMiCs... Read Story
August 03, 2021, 06:40 AM

Alpha Latam Management ("ALM") and certain of its affiliates that operate its Colombian business (the "Debtors") filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the District of Delaware.... Read Story
August 02, 2021, 07:38 AM

Greenbox Capital, a fintech in the alternative industry providing small businesses access to working capital, announced the acquisition of Level Up Funding. This acquisition will help enhance Greenbox Capital's existing leadership team and allow it... Read Story
August 02, 2021, 07:00 AM

LendingUSA closed a new credit facility of $200 million from Atalaya Capital Management and Credit Suisse. Sector Financial Inc., an affiliate of Credit Suisse, provided access to the credit facility. LendingUSA has previously closed credit... Read Story
July 29, 2021, 08:00 AM

Libertas Funding, a technology-enabled specialty finance company that provides funding solutions to small and medium-sized businesses (SMB), entered into a warehouse financing agreement of up to $100 million with Silicon Valley Bank (SVB). This... Read Story
July 16, 2021, 07:40 AM

Yieldstreet announced triple digit investor growth, on the back of its one-year anniversary, with the number of first-time investors in Yieldstreet’s Prism Fund surging 350% in Q2 in 2021 from the same time period a year ago.Founded on the goal of... Read Story
July 06, 2021, 07:00 AM

Kredivo, the leading digital credit platform for retail borrowers across Indonesia, and Victory Park Capital Advisors announced the expansion of the initial US$100 million debt facility closed in July 2020 to a new total of US$200 million. The... Read Story
June 22, 2021, 07:40 AM

Dave, the banking app on a mission to create financial opportunity that advances America’s collective potential, and VPC Impact Acquisition Holdings III, Inc., a special purpose acquisition company sponsored by Victory Park Capital (“VPC”), have... Read Story
June 07, 2021, 08:08 AM

Sterling Bancorp made a capital investment in Finitive, a New York based financial technology firm. Founded in 2017, Finitive operates a data-driven platform that provides institutional investors with direct access to curated private credit... Read Story
May 19, 2021, 08:11 AM

CrowdOut Capital announced the initial funding of a $20 million facility to Lane Gate Advisors. “We are thrilled to add a great borrower to our loan portfolio,” stated Alexander Schoenbaum, Chief Executive Officer of CrowdOut Capital. “Lane Gate has... Read Story
April 16, 2021, 07:54 AM

Car Capital, an automotive FinTech company, closed a $20 million credit line with Medalist Partners. This transaction gives Car Capital access to capital to expand their business, fund deals, and ultimately get consumers into cars. Car Capital's... Read Story
April 14, 2021, 07:15 AM

Sterling National Bank announced a Banking as a Service (BaaS) agreement with Rho Technologies, the fintech company behind Rho Business Banking. Rho Technologies is a digital platform that provides companies with a suite of commercial banking and... Read Story
April 05, 2021, 08:19 AM

Drip Capital, a leading Fintech provider of cross-border trade finance, and East-West Bank (EWB), announced a $40 million committed credit facility for the expansion of Drip's trade finance solutions to small and medium-sized businesses (SMBs)."Drip... Read Story
March 26, 2021, 08:00 AM

BlueVine named industry veteran Steve Allocca as its first Chief Operating Officer. In this role, Allocca will generate strong operational efficiency across the organization and drive growth across all products. He will report to Eyal Lifshitz, CEO... Read Story
March 19, 2021, 08:15 AM

OneTeam Capital (OTC), announced that its membership has appointed specialty finance industry veteran W. Taylor Kamp as Chief Executive Officer, effective March 11th, 2021.Mr. Kamp brings an impressive 35 year career of building and growing... Read Story
March 19, 2021, 08:10 AM

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... Read Story
March 17, 2021, 06:00 AM

West Creek, a fast-growing consumer financing provider, closed a new secured debt facility from Credit Suisse and a fund managed by Neuberger Berman. Sector Financial, an affiliate of Credit Suisse, provided access to the Credit Suisse debt facility.... Read Story
February 16, 2021, 07:50 AM

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... Read Story
July 29, 2020, 08:30 AM

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... Read Story
April 29, 2020, 08:55 AM

Lendistry, a community development financial institution (CDFI), has obtained a credit facility worth $50 million from East West Bancorp (EWBC).“Lendistry is a remarkable finance company that utilizes technology in providing much-needed capital to... Read Story
October 25, 2019, 08:10 AM

Fenergo, a provider of digital Client Lifecycle Management (CLM) solutions, announced the results of new research which reveals that slow and manual onboarding processes could lead to commercial and business banks individually losing $4.5 billion in... Read Story
October 24, 2019, 09:24 AM

West Creek, a fast-growing fintech company that provides innovative point-of-sale financing, announced it secured a $150 million credit facility from Pollen Street Capital, bringing West Creek’s total credit facility capacity to $250 million. This... Read Story
October 21, 2019, 09:00 AM

As the finance industry grapples with what the next generation of banks and payment systems will look like, it’s clear that partnerships are a linchpin for riding the wave of change successfully, whether you’re a multibillion-dollar traditional bank... Read Story
September 12, 2019, 09:00 AM

Global investment in financial technology (fintech) ventures fell sharply in the first half of 2019, as fundraising and deal activity in China that had soared a year earlier ground to a halt, partially offsetting strong gains in the U.S., U.K. and... Read Story
August 19, 2019, 08:45 AM

Global fintech funding got off to a slower start during the first half of 2019, with $37.9 billion of investment globally across 962 deals. The first half of 2019 is trending downward at the halfway mark, reflecting a pull-back in mega-deals compared... Read Story
August 12, 2019, 09:00 AM

More than half of banking and financial services customers around the world use fintech products and services, according to a new global poll.Some 55% of respondents of the survey carried out by deVere Group, one of the world’s largest independent... Read Story
July 08, 2019, 09:00 AM

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... Read Story
June 24, 2019, 08:50 AM

New data from Juniper Research has found that fintech platform revenues will reach $638 billion by 2024, up from an estimated $263 billion in 2019; driven by increasing consumer acceptance of fintech-powered solutions.According to the new research... Read Story
May 15, 2019, 09:15 AM

Big banks are holding their own against a rising tide of new financial technology companies, according to data released by LinkedIn; however stringent regulations and fallout from critical news headlines is creating new challenges for some of the... Read Story
April 22, 2019, 09:15 AM

Fintech FIS and Worldpay, Inc., a global provider of eCommerce and payments, have entered into a definitive merger agreement. This combination greatly expands FIS’ capabilities by enhancing its acquiring and payment offerings and significantly... Read Story
March 18, 2019, 09:01 AM

OnDeck , an online lending service for small business, announced extensions to its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms.  The amended facilities provide an aggregate of $360 million of committed funding... Read Story
March 13, 2019, 07:26 AM

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... Read Story
February 27, 2019, 09:01 AM

Fintech investment in the U.S. hit a record $52.5 billion during 2018, driven by a strong M&A (mergers & acquisitions) market, and venture capital (VC) accounting for more than half of the 1061 fintech deals, according to KPMG’s 2018 Pulse of Fintech... Read Story
February 15, 2019, 08:00 AM

Nav, the leading business financial management app that helps small business find the best financing by giving them free access to business and personal credit reports from major commercial and consumer credit bureaus, announced it has raised $44.8... Read Story
February 13, 2019, 08:06 AM

OnDeck announced the closing of an $85 million corporate revolving credit facility with a lender group consisting of four banks. The new committed facility can be used for general corporate purposes and replaces OnDeck's prior $30 million corporate... Read Story
February 07, 2019, 07:20 AM

Divvy, the growing tech startup, announced they have secured a $250 million facility from Waterfall Asset Management. This new funding will help Divvy keep up with expected customer growth in 2019, facilitate easier access to the capital businesses... Read Story
January 18, 2019, 07:11 AM

LendingTree, Inc. announced that it has entered into a definitive agreement to acquire Value Holding Inc., the parent company of, a personal finance website that offers consumers objective analysis on a variety of financial topics... Read Story
December 26, 2018, 08:11 AM

Banks in the U.S. are consistently pushing the envelope in terms of mobile innovation to catch up with customer demands for increasing novel features in their digital banking channels, according to S&P Global Market Intelligence’s 2018 U.S. Mobile... Read Story
December 19, 2018, 08:05 AM

OnDeck announced it will begin offering equipment finance loans to select U.S. small businesses next year, bringing its technology and digital lending expertise to what has traditionally been a slow-moving, opaque and complicated process."With more... Read Story
December 19, 2018, 07:06 AM

The global FinTech blockchain market was valued at $204 million in 2017 and is expected to reach around $8.3 billion by 2024, growing at a CAGR of around 69.72% between 2018 and 2024. That's according to a new report from Zion Market Research, ... Read Story
December 18, 2018, 08:13 AM

Liberty Lending, LLC, a well-established consumer lending business, announced it has closed over $200 million to finance loans, totaling over $500 million of lending capital secured by the Company in 2018. The new financing facility, provided by... Read Story
December 04, 2018, 07:03 AM

PayPal Holdings, Inc. entered into an amended and restated credit agreement, with  and JPMorgan Chase Bank, N.A., serving as Administrative Agent. The Credit Agreement amends and restates the existing credit agreement entered into by the Company and... Read Story
November 28, 2018, 08:00 AM

First American Financial Corporation , a global provider of title insurance, settlement services and risk solutions for real estate transactions, released First American’s proprietary Real Estate Sentiment Index (RESI) for the fourth quarter of 2018.... Read Story
November 27, 2018, 07:12 AM

A group of 12 US community and regional banks have founded Alloy Labs Alliance, a consortium approach to innovation and technology adoption. Fintech Forge will manage the alliance, and Crowe LLP, a public accounting, consulting and technology firm... Read Story
November 08, 2018, 08:01 AM

PNC Bank, National Association, today announced that in 2019 it plans to begin offering fully digital business lines of credit, up to $100,000, in an expansion of its online lending to customers and prospects in the United States. PNC's new digital... Read Story
October 23, 2018, 07:09 AM

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... Read Story
October 22, 2018, 07:30 AM

Corviglia Capital Fund, a global fintech growth equity investor, has launched with a target of raising $500 million in capital commitments. The fund has been established in Luxembourg by two experienced entrepreneurs and executives – Petr Šmída and... Read Story
October 18, 2018, 07:08 AM

LendingUSA, a leading financing provider specializing in point-of-need solutions for merchants, has announced the closing of a $50 million debt facility. Sector Financial, an affiliate of Credit Suisse, one of the world's leading financial services... Read Story
October 17, 2018, 07:14 AM

HSBC US Commercial Banking announced that it will launch a Digital Partner Platform to improve client experience for corporate customers of all sizes through digital enhancements and partnerships. The platform will also streamline the ability for... Read Story
October 16, 2018, 08:00 AM

LendingTree, Inc. announced that it has entered into a definitive agreement to acquire, LLC, one of the largest insurance comparison marketplaces in the growing online insurance advertising market. Since its founding in 2006... Read Story
October 05, 2018, 07:20 AM

U.S. Bank has created a new, fully digital option for small businesses to apply for and receive a loan or line of credit. The digital process is part of a broader evolution of how the bank interacts with customers. Single-owner businesses within U.S... Read Story
September 25, 2018, 08:00 AM

AlixPartners, the global consulting firm, announced that payments and financial technology industry expert Mark Flamme has joined the firm as a Managing Director in its Enterprise Improvement group where he will work closely with the Financial... Read Story
September 25, 2018, 07:47 AM

New York has filed a court challenge against the Office of the Comptroller of the Currency’s decision to begin granting special-purpose national bank charters to a class of undefined “fintech” companies, including companies that do not accept... Read Story
September 17, 2018, 08:11 AM

CAN Capital, Inc., a technology-driven small business specialty finance company, announced that it has agreed to a financing transaction of up to $287 million to enhance its capital capacity with Varadero Capital, L.P., a New York-based alternative... Read Story
September 06, 2018, 08:00 AM

According to a Bloomberg report, Social Finance, Inc. is in talks with banks to secure a revolving line of credit of as much as $1 bllion after posting a second quarter loss, according to people famiar with the atter. According to the report, the... Read Story
August 17, 2018, 08:28 AM

Mergers and aquisitions (M&A) activity is widespread across the U.S. fintech industry, with deal sizes increasing meaningfully, according to a new report from Fitch Ratings. The industry is absorbing more than $25 billion of deal activity YTD. Fitch... Read Story
August 13, 2018, 08:07 AM

The Bureau of Consumer Financial Protection (BCFP), working in collaboration with 11 financial regulators and related organizations, announced an initiative to create the Global Financial Innovation Network (GFIN).The network will seek to provide a... Read Story
August 09, 2018, 07:25 AM

OnDeck®, a provider of online lending for small business, announced the closing of a $175 million asset-backed revolving credit facility consisting of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, as well as funds... Read Story
August 09, 2018, 07:15 AM

Fintech investment in the U.S. reached a new high of over $8 billion in Q2, following a strong first quarter, according to a new report from KPMG. Total investment during the first half of 2018 increased from $12.2 billion across 371 deals during the... Read Story
August 03, 2018, 07:52 AM

The Office of the Comptroller of the Currency (OCC) announced it will begin accepting applications for national bank charters from nondepository financial technology (fintech) companies engaged in the business of banking.“Over the past 150 years... Read Story
August 02, 2018, 08:00 AM

BlueVine announced it has raised another $12 million from new investors, M12, Microsoft’s venture fund,  and the venture arm of insurance and financial services provider, Nationwide.The announcement comes eight weeks after BlueVine, a provider of... Read Story
August 01, 2018, 07:15 AM

Worldwide spending on blockchain solutions is forecast to reach $11.7 billion in 2022, according to a new update to the Worldwide Semiannual Blockchain Spending Guide from International Data Corporation (IDC). IDC expects blockchain spending to grow... Read Story
July 30, 2018, 07:16 AM

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)... Read Story
July 10, 2018, 07:09 AM

LendingPoint announced it closed an increase of its mezzanine financing, bringing the total of the facility to $52.5 million. Paragon Outcomes Management LLC provided the financing that closed earlier this month. Paragon and LendingPoint have been... Read Story
June 28, 2018, 07:12 AM

Juniper Research has revealed the top 10 technologies set to disrupt the fintech industry in 2018 and 2019.  The new research, Top 10 Disruptive Technologies in Fintech: 2018, found a wealth of positive changes stemming from emerging technologies in... Read Story
June 20, 2018, 07:05 AM

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Ltd, announced a strategic agreement with Fifth Third Bank, a U.S. regional banking corporation headquartered in Cincinnati... Read Story
June 01, 2018, 07:05 AM

LendingPoint, the company working to revolutionize access to consumer credit, announced it has closed an up to $600 million, committed credit facility arranged by Guggenheim Securities, the investment banking and capital markets division of... Read Story
May 17, 2018, 08:01 AM

Fundation, a leading digitally-enabled lender and credit solutions provider, announced that it has secured a $120 million asset backed credit facility from SunTrust Bank. Waterfall Asset Management was included in the facility as a Class B lender.... Read Story
May 16, 2018, 08:00 AM

Digital innovation in financial services is placing a premium on efficiency and opening up competition that will continue to drive disruption across banking business segments, including payments, lending, capital markets and wealth management... Read Story
May 07, 2018, 08:00 AM

BlueVine  secured a $200 million asset-backed revolving credit facility with Credit Suisse, one of the world's leading financial services providers. BlueVine will use the capital to expand its highly-successful business line of credit... Read Story
May 01, 2018, 07:25 AM

Finitive LLC, a financial technology platform providing institutional investors with direct access to alternative lending investments, announced the launch of its zero-fee platform. Finitive, which commenced operations in August 2017, has received... Read Story
April 11, 2018, 08:00 AM

The Credit Junction, the first data-driven, asset-based lender for small and mid-sized businesses, has secured a $150 million credit facility from MidCap Financial, a leading capital provider to the middle market specialty finance industry. The... Read Story
April 05, 2018, 07:25 AM

OnDeck announced the company will appoint Kenneth A. Brause as its Chief Financial Officer effective March 26, as part of a mutually agreed upon transition process between the company and current Chief Financial Officer, Howard Katzenberg. Katzenberg... Read Story
March 13, 2018, 08:00 AM

FinFit Ops LLC, a FinTech company that provides over 80,000 American companies with a unique financial wellness benefit platform, announced the closing of a $35 million senior credit facility with Ares Management. FinFit has the ability to increase... Read Story
March 12, 2018, 07:00 AM

Capitolis, a technology provider for the capital markets sector announced two rounds of financing, a Series A investment of $20 million led by Index Ventures, and a prior $9 million Seed round led by Sequoia Capital. Capitolis was founded in 2017 by... Read Story
March 06, 2018, 07:16 AM

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... Read Story
February 27, 2018, 08:00 AM

Reaching $5.8 billion in Q4’17, U.S. fintech investment increased for the third straight quarter, aided by a strong U.S. economy and a dramatic increase in private equity (PE) investment, according to the KPMG Pulse of Fintech report.Total deals... Read Story
February 14, 2018, 08:00 AM

LendingClub Warehouse II LLC, a wholly-owned subsidiary of LendingClub Corporation, entered into a Warehouse Credit Agreement with certain lenders from time to time party thereto, JPMorgan Chase Bank, N.A. as administrative agent, and Wilmington... Read Story
January 29, 2018, 07:27 AM

Fundation Group LLC, a digitally-enabled lender and credit solutions provider, today announced that it has closed a new subordinated debt facility with Waterfall Asset Management, a specialty finance firm and specialist credit advisor, which... Read Story
January 22, 2018, 07:33 AM

Zebit, an e-commerce credit solution that services 200 million consumers who value buy now, pay over time without interest or a credit check, announced Steve Lapin will be joining the company as the Chief Financial Officer. Steve Lapin has 15 years... Read Story
January 22, 2018, 07:00 AM

YieldStreet, the alternative investment platform working to change the way wealth is created, announced that it has closed a $113 million financing round. The round includes $12.8 million of Series A equity financing co-led by Greycroft and Raine... Read Story
January 12, 2018, 07:10 AM

OnDeck announced the hiring of two senior financial services executives to join its management team. Kelly Merrill and Erich Wust will assume new leadership roles that directly support OnDeck's mission of empowering small business owners with the... Read Story
December 12, 2017, 08:00 AM

Chris Stanley has joined Atlantic Capital Bank as Vice President of Fintech Industry Banking, to lead Atlantic Capital’s Fintech Banking practice. Expanding on a successful payments industry line of business, the new fintech banking practice will... Read Story
December 06, 2017, 08:00 AM

LendingTree, an online loan marketplace, announced it has entered into an amended and restated $250 million five-year senior secured revolving credit facility that will replace LendingTree's previous $125 million credit agreement.  The amended and... Read Story
November 29, 2017, 07:40 AM

Kabbage Inc., a global financial services, technology and data platform serving small businesses, announced a new $200 million asset-backed revolving credit facility with Credit Suisse.The new facility diversifies Kabbage’s funding sources, enables... Read Story
November 17, 2017, 07:16 AM

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... Read Story
November 08, 2017, 07:27 AM

Braviant Holdings, a fintech startup that offers analytics and technology-driven credit solutions for underserved Americans, has entered into a $40 million Senior Secured Credit Facility with Redpoint Capital Group for its wholly-owned subsidiary... Read Story
October 30, 2017, 07:08 AM

Finova Financial, provider of fair and affordable digital alternatives for Americans underserved by the traditional banking system, announced it has secured $102.5 million in equity and credit facility funding. The financing was led by CoVenture with... Read Story
October 19, 2017, 07:03 AM

BlueVine is expanding its reach in online business lending with new debt financing of up to $130 million and a new additional line of credit product that allows business owners to make monthly, instead of weekly, payments, over 12 months.BlueVine... Read Story
October 18, 2017, 07:16 AM

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... Read Story
October 12, 2017, 07:20 AM

Online loan provider LendingPoint announced that on August 22, 2017, it closed an up to $500 million credit facility arranged by Guggenheim Securities. The company took down $138.5 million of the facility at the closing and on September 15, 2017, it... Read Story
September 21, 2017, 07:18 AM

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... Read Story
August 29, 2017, 07:20 AM

Hampleton Partners, an international mergers and acquisitions (M&A) and corporate advisory firm for technology companies, issued 11 technology M&A market reports for 2H 2017 in the key business segments of artificial intelligence (AI), augmented... Read Story
August 24, 2017, 07:45 AM

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... Read Story
August 22, 2017, 09:00 AM

Retail banks in the United States will spend $20.2 billion on hardware, software, services, and internal IT staff to develop and implement digital transformation (DX) initiatives in 2017, growing at an average compound annual growth rate (CAGR) of 22... Read Story
August 15, 2017, 09:00 AM

Patch of Land, a provider of online real estate lending using a technology-rich crowdfunding platform, has expanded its senior warehouse debt facility with SF Capital from $10 million to $30 million. SF Capital, a private investment firm with a... Read Story
June 15, 2017, 07:04 AM

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... Read Story
April 28, 2017, 07:45 AM

ApplePie Capital, the first online lender solely dedicated to the franchise industry, announced the appointment of franchise industry veteran Ronald Feldman as chief development officer, as well as the acquisition of Funding Solutions, LLC, a... Read Story
April 20, 2017, 07:15 AM

Lovell Minnick Partners, a private equity firm specializing in financial and related business services companies, today announced that it has completed a majority investment in Global Financial Credit, a commercial and consumer finance company that... Read Story
April 13, 2017, 07:12 AM

LendingTree, an online loan marketplace, announced that J.D. Moriarty will be joining the company as its Senior Vice President, Corporate Development, effective April, 2017.   In his new role, Moriarty will be responsible for business development... Read Story
March 13, 2017, 08:00 AM

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... Read Story
February 23, 2017, 07:16 AM

Breakout Capital, a technology-enabled small business lender, announced it obtained a new revolving credit facility from Drift Capital Partners, LLC, an alternative asset management company based in Charleston, South Carolina. The facility is... Read Story
February 08, 2017, 07:14 AM

The Independent Community Bankers of America® 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... Read Story
January 23, 2017, 07:00 AM

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.... Read Story
December 21, 2016, 07:33 AM

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.... Read Story
December 08, 2016, 07:33 AM

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of up to $100 million senior credit facility to support the growth of LiftForward, Inc. (“LiftForward”). Based in New York, New York, LiftForward... Read Story
November 18, 2016, 07:42 AM

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... Read Story
October 25, 2016, 07:51 AM

MoneyLion, the mobile personal finance platform that offers free tools and smarter credit products, today announced the closing of a debt facility from Macquarie Group.The Macquarie funds, combined with existing facilities from institutional... Read Story
September 16, 2016, 07:47 AM

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... Read Story
August 22, 2016, 07:26 AM

Square and Upserve announced a partnership providing Upserve customers access to fast, flexible, and straightforward funding for their restaurants through Square Capital. This is the first time loans through Square Capital will be available to... Read Story
August 11, 2016, 07:51 AM

Ernst & Young LLP has appointed Richard M. Jeanneret to Vice Chair- Northeast Region Managing Partner. Formerly the Americas Vice Chair of Transaction Advisory Services (TAS), Jeanneret will be succeeded by William (Bill) Casey.“For the last seven... Read Story
July 28, 2016, 07:49 AM

Metropolitan Equity Partners (“Metropolitan”) announced it has invested $20 million in Bizfi, a premier fintech company that combines aggregation, funding and a marketplace for small businesses. This investment represents an increase from the $65... Read Story
June 29, 2016, 07:21 AM

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... Read Story
May 11, 2016, 07:53 AM

IOU Financial Inc., an online lender to small businesses, is pleased to announce that it has entered into a $50 million credit facility with MidCap Financial. The facility will have an initial commitment amount of $25 million and will be expandable... Read Story
April 25, 2016, 08:11 AM

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... Read Story
April 12, 2016, 08:07 AM

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... Read Story
March 25, 2016, 08:08 AM

A new study by the Equipment Leasing & Finance Foundation reveals that the lender finance marketplace in the U.S. is “thriving” eight years after the 2008 financial crisis began, led by an “interesting mix” of traditional banks and newer... Read Story
March 22, 2016, 07:32 AM

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... Read Story
March 14, 2016, 07:53 AM

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... Read Story
March 04, 2016, 07:01 AM

Mainspring Funding, a national distribution platform for investors and a lending connection source for small business borrowers, has released its newly enhanced platform,, designed to give borrowers and qualified investors... Read Story
February 11, 2016, 07:23 AM

SunTrust Banks, Inc. 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 payments... Read Story
February 03, 2016, 07:54 AM

BlueVine, a leading online provider of working capital financing to small businesses, announced it has closed $40 million in funding, bringing the company’s total funding to $64 million to date. This Series C funding was led by an investment from... Read Story
January 20, 2016, 07:43 AM

PNC Financial Services Group, Inc. (PNC) reported $1 billion in net income, down 3% on a linked-quarter basis, according to Fitch Ratings. Results benefitted from higher spread income, improved fees, and lower credit costs. This was offset by much... Read Story
January 18, 2016, 07:39 AM

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... Read Story
December 16, 2015, 07:33 AM

Bizfi, a leading FinTech company with a platform that combines aggregation, funding and a participation marketplace for small businesses announced that it originated more than $127 million in business financing in the third quarter of 2015. This... Read Story
October 27, 2015, 07:29 AM