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Top 34 Digital Lenders to U.S. Small Businesses (SMB) (July 2024)

Fintech Labs Insights

83,000 17 17 Credibly 28 2010 Detroit 82 97,000 18 19 IOU Financial 23 2011 Atlanta 132 40,000 19 18 Upright (was Fund that Flip) 15 2014 NYC 53 42,000 20t 21 BizFI 13 2005 NYC 160 0 20t 22 SMBX 13 2016 SF 15 30,000 22 23 HoneyComb Credit 12 2017 Pittsburgh 11.9 CAN Capital FAB Score = 127 (down 1) – HQ: Atlanta – Founded: 1998 – Raised: $1.0B

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Starbucks Says ‘Last Call For Alcohol’ At 400+ Locations

PYMNTS

The original concept behind the program was to test and drive sales post-morning rush, while featuring items like wine, beer and specialty food, like bacon-wrapped dates. In 2014, the company announced that it had plans to sell alcohol at thousands of stores. But that last call isn’t hard and fast. billion.

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Is Stitch Fix’s IPO The Latest E-Commerce Dud Or Is Its Styling Algorithm A Game-Changer?

CB Insights

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. In June 2014, Stitch Fix raised a $30M Series C at a much higher $314.4M It raised $46.8M, all in 2013-2014, and has not raised additional funding since June 2014.

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LendingClub Settles With SEC, DOJ

PYMNTS

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.

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Is It Officially Time To Start Worrying About Consumer Credit?

PYMNTS

That brings the total value of federal loans originated by financial institutions (FFEL) and the DoE in default at $137.4 More telling, according to market watchers, is how Cap One is explaining the apparent weakness. But Cap One isn’t the only issuer experience a sudden spike in losses. Department of Education [DoE]), 1.1

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LendUp Gives the Underbanked What No Traditional Bank Will

Fintech Labs Insights

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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B2B Not A Vital Part Of Real-Time Payments Innovation, Yet

PYMNTS

Originally, faster payment systems were primarily focused on the retail market [person-to-person (P2P) and person-to-business (P2B)], but increasingly business payments [business-to-person (B2P) and business-to-business (B2B)] are taking advantage of the benefits that faster payments offer,” FIS wrote in its report.