PYMNTS

NOVEMBER 14, 2016

Nordstrom bought Trunk Club just two years ago for $350 million, and now, the department store says the purchase stands at half of its original value. Founded in 2009 by then-MBA student Joanna Van Vleck, the personalized clothing service was originally based in Oregon and moved to a Chicago headquarters after U.S.

Origination 46

Origination Acquirers 46

Fintech News

FEBRUARY 22, 2024

Originally launched in 2014 under the name InstaReM, Nium has evolved into a significant global fintech presence. The expansion of Nium beyond its Singaporean origins to establish a presence in the UK and the US has been instrumental in its recognition by Forbes.

FinTech 100

FinTech Origination Payments Institute B2B 100

Fintech News

SEPTEMBER 9, 2024

Originally slated for the second quarter of 2025, the decision to delay the IPO came after the company struggled to secure a new chief financial officer (CFO), a process Nanu described as challenging. Founded in 2014, Nium has grown into a global network with 950 employees spread across more than 25 offices.

Cross-Border Payments 107

Cross-Border Payments Cross-Border Push-to-Card Real Time Payments 107

PYMNTS

FEBRUARY 12, 2018

We thought this was a big idea; it’s what every beauty company was trying to figure out,” Beauchamp noted in a 2014 interview about the firm’s early days. Ipsy, another eCommerce-originated makeup subscription service, is even bigger, with 1.5 And as it turned out, it was a really big idea: one with legs.

Origination 40

Origination Product Consumer Innovation 40

Fintech News

JUNE 23, 2024

Since the last assessment in 2014, Singapore has closely monitored ML risks, including those related to legal persons, virtual assets, and environmental crimes, to ensure timely risk mitigation. The updated assessment highlights increased risks due to economic and geopolitical shifts, as well as the rise in technology-enabled transactions.

Money Laundering 105

Money Laundering Risk Crime Law Enforcement 105

The Fintech Times

MAY 10, 2024

Since its launch in 2014, British Business Investments has committed more than £3.8billion to providers of finance to UK smaller businesses. The additional commitment comes as the two firms celebrate their 10th year of working together, with the team at British Business Investments having initially invested with Beechbrook in 2014.

Underserved 68

Underserved Finance Origination Continuity 68

The Fintech Times

SEPTEMBER 27, 2024

Wave Money played a key role in increasing mobile connectivity, with penetration rates soaring from 10 per cent in 2014 to 95 per cent by 2019. Wave Money, a joint venture between Norway’s Telenor, Yoma Bank and First Myanmar Investments, became the first MFS provider in the country.

Financial Inclusion 101

Financial Inclusion FinTech Underserved Central Bank 101

Fintech Labs Insights

SEPTEMBER 17, 2015

To address the gap in the innovation cycle, Ldger has built a powerful and flexible structuring and cash flow automative platform that permits investors in and originators of marketplace-originated credit to build and market customized tranches of risk exposure against marketplace credit cashflows. Founded: March 2014.

Origination 22

Origination Automation B2B Addressing 22

Fintech Labs Insights

JULY 10, 2015

In 2014, Prosper closed $1.6 In Q1 2015, Prosper closed its largest quarter so far with $912 million in loan originations on the platform. This week, Prosper announced it has originated more than $4 billion in loans since its 2006 launch. billion in loans. At the time, this was a record and rang in at 3.5

Origination 28

Origination P2P Volume Checks 28

PYMNTS

JULY 29, 2020

billion in originations last year and have served roughly 7 million clients. Voce’s move came amid a big first-quarter loss and a 96 percent drop in the stock’s value since 2014. The firm said loan originations plunged to $66 million , down some 89 percent from both the prior and year-ago quarter. Second-Quarter Earnings .

Origination 66

Origination Small Business Credit Union Adjustments 66

Fintech Labs Insights

MAY 12, 2015

Our next presenting company is Top Image Systems , demonstrating its innovation in loan origination technology. With the ability to automatically capture and process any volume of documents of any type, anywhere, at any time, eFLOW Lending optimizes loan processing, increasing accuracy & efficiency for originators.

Origination 22

Origination Process Automation Volume 22

PYMNTS

OCTOBER 7, 2016

Yahoo’s recent news of a 2014 hacking and accusations that the company should have reported the event sooner are affecting Verizon’s agreement to buy Yahoo, to the tune of $ 1 billion. billion instead of the original $4.8 According to the New York Post, Verizon wants to pay $3.8

Agreements 69

Agreements Origination Compromise Legal 69

PYMNTS

DECEMBER 9, 2020

Originally launched in 2014, Square Appointments was aimed at small businesses offering appointment-based services like salons, wellness providers and tutors. Dorogusker added that with this new integration, all of Square’s POS tools will be available on Square Register.

Point-of-Sale (POS) 113

Point-of-Sale (POS) Contactless Payments On-Demand Origination 113

Stax

AUGUST 26, 2024

Talk to sales Let’s start at the beginning Stax—then called Fattmerchant—launched in July 2014 and was immediately viewed as a disruptor in the payments space due to its subscription-based model and transparent pricing for SMBs. ” The early years (2014-2018) The first four years of Stax were the quintessential startup experience.

Innovation 88

Innovation ISVS Payments Processors 88

Fintech Finance

APRIL 24, 2024

Square has offered offline payments for 10 years, first bringing “Offline Mode” technology to the original Square Reader for magstripe in 2014. Whether in a remote location or facing a technology disruption, now nearly every Square seller can continue to operate business-as-usual and keep sales flowing.

Payments 52

Payments Transaction Limits CHIPS Continuity 52

PYMNTS

MARCH 4, 2019

At the beginning of 2009, Co-founders Jim McKelvey and Jack Dorsey tapped O’Tierney to create the company’s original mobile payment app. It was reported in 2014 that Dorsey had originally looked to have O’Tierney work on a journal-keeping app called Log, prior to Square (first named Squirrel.).

Origination 63

Origination Mobile Payments Technology Accounts 63

Fintech Labs Insights

JUNE 16, 2016

Making the loan origination more efficient is the goal of any firm that provides mortgage solutions to community banks and credit unions. ” Founded in 2014 and headquartered in San Francisco, California, Roostify demonstrated its technology at FinovateSpring 2016.

Origination 15

Origination Process Credit Union Community Banks 15

PYMNTS

JANUARY 15, 2021

Ant, spun off from Alibaba in 2014, was set to list on the Shanghai and Hong Kong stock exchanges in November until regulators stepped in and suddenly pulled the plug. . Ant has so far had little to say regarding the planned changes, the timetable or when it might try again for a listing.

Regulations 63

Regulations Central Bank Consulting Origination 63

Fintech News

SEPTEMBER 9, 2024

Originating in Sweden, Lendela quickly expanded across Scandinavia. Mitigram Mitigram logo, Source: Mitigram Founded in 2014, Mitigram operates a digital exchange for cross-border trade transactions. This allows borrowers to compare interest rates, terms, and other loan conditions before choosing the best option.

APACS 112

APACS FinTech Assessments Risk Assessment 112

PYMNTS

OCTOBER 21, 2016

Last year, Alibaba managed to break the single-day sales record (which it set in 2014) of $9.3 That was a 60 percent increase from 2014’s figures. billion, and it did so in about 12 hours. By the end of the 24-hour sale, Singles’ Day 2015 had generated $14.3 billion in total GMV (RMB 91.2

NOV 61

NOV Origination Product Consumer 61

PYMNTS

OCTOBER 12, 2016

The deal was originally announced in June, but no purchase price was disclosed, although it was believed to be around $30 million at the time. The company was valued at more than $800 million in 2014 after it raised some $200 million in funding from investors. million, according to Fortune. billion.

Acquirers 53

Acquirers Origination 53

PYMNTS

JULY 19, 2019

SoftBank was originally founded in 1981 to publish computer and technology magazines , among other endeavors. A $20 million investment in China-based Alibaba followed at the turn of the century and was reportedly worth about $60 billion when Alibaba went public in 2014. It is also reportedly mulling an initial public offering (IPO).

Origination 61

Origination Technology FinTech Accounts 61

The Fintech Times

MAY 4, 2024

Bitcoin was in its relative nascency when Stripe originally looked to get involved in cryptocurrency. In 2014, Stripe announced that it was trialling Bitcoin payments with a select number of users, making it one of the first payment companies in the world to integrate the alternative payment method.

Stablecoins 71

Stablecoins Cryptocurrency Bitcoin Regulations 71

PYMNTS

NOVEMBER 20, 2018

Fox had acquired 80 percent of YES in two transactions, one in 2012 and another in 2014. For months now Amazon has been going after original content including live entertainment and sports. The second round of bids is slated to come in before the end of 2018. Due diligence on the bids will commence next week, reported CNBC.

Due Diligence 62

Due Diligence Origination Acquirers Transactions 62

PYMNTS

NOVEMBER 20, 2019

Investors in Hong Kong subscribed for 40 times the shares they were originally allotted, two sources with direct knowledge of the deal told Reuters. percent they were originally allotted. Alibaba’s 2014 IPO stock price opened at $92.70 Retail investors will now take 10 percent instead of the 2.5

NOV 40

NOV Cross-Border Origination Governance 40

PYMNTS

DECEMBER 9, 2019

Japanese banks have been asked to bolster efforts to thwart money laundering since the Financial Action Task Force found deficiencies in 2014. And more than 220 banks have signed up for the original service, which enables data sharing on payments over the network.

Money Laundering 52

Money Laundering Payment Networks Law Enforcement AML 52

PYMNTS

JULY 27, 2018

According to a report in AppleInsider , Advanced Voice claims that Apple has been aware of the original technology at least since 2014, when it was cited in a patent application. The suit claims that the original patent was listed as prior art in at least 46 patents and patent applications by Apple.

Origination 40

Origination Rules Technology Innovation 40

FICO

NOVEMBER 22, 2018

I will share recent analysis done in Russia, where more than half of the top Russian banks use FICO Scores delivered by NBKI, but most are only using the scores for Account Origination. Account Origination Analysis Shows Shift in Risk. The FICO Score in Russia. Account Management Score Shows Updated Risk.

Accounts 45

Accounts Origination Risk Credit Risk 45

PYMNTS

APRIL 2, 2020

Grubhub was founded by Maloney, Jason Finger and Mike Evans in 2004 and filed an initial public offering in 2014. The delivery giant had originally come under fire when it first offered the Support for Supper on March 27. It has raised a total of $284.1 million in more than eight funding rounds.

Disputes 52

Disputes Agreements Origination Participant 52

PYMNTS

MARCH 22, 2019

The latter firm had been one of the investors in the original $1 million seed round raised by Thinknum in 2014. The company said in a press release that the funding round was led by VC firm First Analysis and featured participation by EPIC Ventures and Origin Ventures.

FinTech 71

FinTech Origination Funds Transfer Acquirers 71

PYMNTS

NOVEMBER 1, 2019

Square originally purchased Caviar in 2014 for $44 million. Previously, when Square was trying to sell Caviar, Uber almost purchased it, but ultimately decided to pass. Uber CEO Dara Khosrowshahi said it wasn’t the right fit: “We took a look at Caviar. It’s a great brand, [but] it wasn’t the right deal for us.”.

Acquirers 48

Acquirers NOV Origination Continuity 48

Fintech Labs Insights

JULY 30, 2024

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

Small Business 29

Small Business NOV Acquirers Origination 29

Braintree

FEBRUARY 12, 2020

Common refund decline codes include: 2004 - Expired Card 2005 - Invalid Card Number 2014 - Fraud Suspected 2047 - Pick Up Card Note: GraphQL users will receive processor response codes for all refund declines. For example, you cannot refund a Mastercard if the original sale was created with a Visa card.

Authorization 52

Authorization API Payment APIs and Integration Processors 52

PYMNTS

NOVEMBER 11, 2016

The FTC’s case was originally filed in July 2014, accusing Amazon of allowing children to bill continuous charges while playing “Pet Shop Story” and “Ice Age Village” mobile device games. Coughenour, however, rejected the FTC’s request for $26.5 million in damages payout, saying it was too high.

Federal Trade Commission 50

Federal Trade Commission Procedures Origination Continuity 50

PYMNTS

AUGUST 12, 2019

Square originally purchased Caviar in 2014 for $44 million. It’s a great brand,” Khosrowshahi said in an interview. “It It wasn’t the right deal for us.”. Square sold Caviar to DoorDash instead, for $410 million on Aug. Khosrowshahi noted that Uber Eats would focus on growth instead of acquisitions.

Origination 53

Origination Acquirers Continuity 53

PYMNTS

APRIL 20, 2018

While Caviar has had ordering functionality for groups since 2014, the service introduced a new ordering portal for large groups with Caviar for Teams in 2016. Square purchased Caviar , a food delivery service, for an undisclosed amount in 2014.

Acquirers 40

Acquirers Origination Product 40

PYMNTS

MARCH 12, 2019

Originally $79 when it was introduced in 2014, the membership was then raised to $99. Prime membership growth will be driven by lower-income households and other Prime holdouts, who will be enticed by Amazon’s payment installment plan and other offerings. Amazon raised the price of a Prime membership in May of 2018 to $119.

Origination 61

Origination Government Governance Continuity 61