2013 Caps Origination 
The Payments Association
OCTOBER 14, 2024
Since its 2013 launch, CASS has simplified switching by allowing customers to move accounts within seven working days, ensuring smooth transfers of direct debits and payments. According to Optima, when CASS launched in 2013, 63% of consumers in the UK held just one personal current account, 28% held two, and 7% held three or more.
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. Stitch Fix was first valued at $4.75M after a Series A round in February 2013. It raised $46.8M, all in 2013-2014, and has not raised additional funding since June 2014.
PYMNTS
OCTOBER 1, 2018
The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Attorney Alex Tse. “We The Response.
Fintech Labs Insights
JULY 30, 2024
Lendio FAB Score = 124 (up 16) – HQ: Salt Lake City, Utah – Founded: 2011 (originally founded in 2006 as FundingUtah). 7,770 reviews, up 200 since Nov) 3. CAN Capital FAB Score = 127 (down 1) – HQ: Atlanta – Founded: 1998 – Raised: $1.0B 1,085 reviews, up 35) 7. 3,720 reviews, up 10 since Nov) 11.
CB Insights
SEPTEMBER 10, 2019
As of 2013, 70% of millennials believed that the way that people purchase things would be totally different in 5 years, and 33% believed that one day they won’t need a bank at all. Originally launched in 2015, Qapital has raised $51M in funding to date and gained roughly 420,000 users, who have reportedly saved nearly $500M.
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. 2013: Decentralize decision-making to generate innovation. Day 1 represents originality, enthusiasm, and an eagerness to delight customers.
Fintech Labs Insights
MAY 17, 2017
Originally launched in April of 2015, the L Card boasts low fees, offers users incentives for paying off their balance early, and provides materials to boost their financial education. In fact, late fees, which are capped at $7, are only issued after a 14-day grace period.
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