Fintech Labs Insights

JULY 30, 2024

But as you can see from the chart below, the digital SMB lenders began in earnest during and immediately after the 2007/2008 financial crash. Ten of the 36 largest were started in the 2007 to 2012 period. OnDeck (acquired by Enova Oct 2020) FAB Score = 217 (up 6) – HQ: NYC – Founded: 2007 – Raised: $1.2B

Small Business 29

Small Business NOV Acquirers Origination 29

CB Insights

NOVEMBER 16, 2017

Stitch Fix itself just lowered its planned IPO pricing, from the $18-$20 it originally proposed in its S-1 filing down to $15-$16, according to reports on 11/16. Founded in 2007, Bonobos was valued at $182.6M Stitch Fix was first valued at $4.75M after a Series A round in February 2013. Later that year, its valuation leaped to $40.9M

Caps 45

Caps Origination AI Product 45

PYMNTS

AUGUST 21, 2017

After hearing that a big conference was coming to San Francisco and that hotel rooms were totally sold out, two 27-year-old guys, who were living there in 2007 and struggling to pay rent, bought three airbeds and turned their living room into a makeshift bed and breakfast. E-Bay acquired online ticket exchange, StubHub, in 2007.

PayPal 51

PayPal Push-to-Card Consumer Acquirers 51

CB Insights

OCTOBER 16, 2018

The online bookseller didn’t turn a profit for six years — today, it’s the second publicly traded company ever to hit a $1T market cap. 2007: Missionaries build better products. At Amazon, it is always Day 1— it’s a powerful refrain that has featured in every shareholder letter since the original.

Innovation 78

Innovation Product Risk Technology 78

CB Insights

SEPTEMBER 10, 2019

Mint, one of the first personal budgeting tools to break through , launched in 2007. Originally launched in 2015, Qapital has raised $51M in funding to date and gained roughly 420,000 users, who have reportedly saved nearly $500M. Acorns has grown with its original target audience and now offers 3 product packages.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

PYMNTS

JULY 18, 2016

Blockbuster filed for bankruptcy in 2010 with a market cap of $12 million, down from $4 billion just a decade before in 2002 — the year that Netflix IPO’d. In 2007, with 7.5 Netflix saw that same consumer friction as an opportunity to build a new service, delivery and revenue model.

Payments 47

Payments Consumer On-Demand Returns 47

CB Insights

OCTOBER 29, 2018

Date: May 18, 2007. in May of 2007 to Google’s $3.1B And in the short-term, that would have looked like a good deal, as the social media site hit its peak in 2007 at a value of about $12B. In mid-2007, Deutsche Bank was the world’s biggest bank, with nearly $2T in assets. Microsoft and aQuantive. Price: $6.3B.

Acquirers 76

Acquirers Online and Mobile Banking Non-Bank Innovation 76