Fintech Labs Insights

DECEMBER 13, 2021

Wave Payments (HR Block). Wave (acquired by H&R Block) FAB Score = 863. – Exit: Acquired by H&R Block for US$400M in June 2019. Raised $496M including $216M in its Dec 2019 IPO ( Crunchbase ). Market Cap: $26B (12 Dec 2021, NYSE:Bill). Market cap: $3.2B (13 Dec 2021); NASDAQ: AVDX. FAB Score*.

Small Business 15

Small Business NOV Blocks Payments 15

Fintech Labs Insights

JUNE 29, 2023

Block/Square FAB Score = 5,130 (up 600) – HQ: San Francisco – Founded: 2009 – Went public Nov 2015 ( NYSE:SQ ) at $2.9B Block/Square FAB Score = 5,130 (up 600) – HQ: San Francisco – Founded: 2009 – Went public Nov 2015 ( NYSE:SQ ) at $2.9B all prior to 2021 ( Crunchbase ) – Market cap: $48.6B (29 June 2023) – Revenues: $7.4B

Small Business 15

Small Business Processors Digital Payments Online and Mobile Banking 15

PYMNTS

MARCH 7, 2019

Amazon’s market cap is over $800 billion while Walmart’s is at $290 million, making one Amazon worth approximately 2.5 percent of the consumer’s total retail spend as of February 2019, compared to Amazon’s 6.4 Of course, that’s not an entirely fair comparison, since Amazon’s empire includes its massive AWS cash machine.

Consumer 40

Consumer Product Third-Party Service Provider Process 40

Fintech Labs Insights

JANUARY 17, 2025

Bill.com (see also #13 Invoice2Go) FAB Score = 842 ( down 120 ) HQ: San Francisco Bay Area Founded: 2006 Raised $496M including $216M in its Dec 2019 IPO ( Crunchbase ) Annual revenue (TTM): $1.2B ( Yahoo ) Market Cap: $5.1B ( NYSE:BILL 15 Aug 24) down $3.3B And none of the 21 listed started in the past 5 years.

Small Business 12

Small Business Payments Acquirers NOV 12

PYMNTS

JULY 15, 2019

As a company with a market cap of $584 billion, Facebook has about $45 billion in the bank , and generates about $5 billion in free cash flow per quarter. Consumer Reports did a study of American consumers in May of 2018, shortly after news of the Cambridge Analytica scandal broke – and then again in January of 2019. Trust, but Adjust.

FTC 67

FTC Blocks Regulations Breach 67

PYMNTS

OCTOBER 5, 2019

According to recent reports in The Wall Street Journal , the average fine is about 17 cents per day that a book is late – and are capped at $5, $10 or the cost of the books borrowed. As it turns out, library fines, generally speaking, don’t become a major financial hurdle. But, as St.

Deposit Account 75

Deposit Account Returns Consumer Rules 75

Nanonets

NOVEMBER 14, 2024

Question Lv2 : “ What was the top-grossing movie in 2019?” ” Answer: Avengers: Endgame was the top-grossing movie in 2019. Gemini LLM performed well on general knowledge, correctly naming Avengers: Endgame as 2019's top-grossing movie and giving a reasonable population estimate for Tuvalu.

AI 52

AI API Returns Laws 52

Finovate

NOVEMBER 13, 2024

The IPO has been in the works for years Klarna was founded in 2005 and first hinted at an IPO in 2019 in an interview with Bloomberg. billion, while Australia-based Afterpay was acquired by Square (now Block, Inc.) California-based Affirm went public on the NASDAQ in early 2021 and now holds a market capitalization of $17.7

BNPL 59

BNPL Blocks Rules Regulations 59

PYMNTS

OCTOBER 6, 2017

There are no caps on annual interest rates on loans (though some states like California do have them). Advocates of the regulatory changes are cheering its passage and looking forward to when it goes into effect in 2019. Consumers, however, cannot take out these loans in tandem with other payday loans. So Now What?

CFPB 51

CFPB Regs Rules Credit Union 51

PYMNTS

OCTOBER 6, 2017

There are no caps on annual interest rates on loans (though some states like California do have them). Advocates of the regulatory changes are cheering its passage and looking forward to when it goes into effect in 2019. Consumers, however, cannot take out these loans in tandem with other payday loans. So Now What?

Rules 40

Rules CFPB Credit Union Regulations 40

PYMNTS

DECEMBER 28, 2020

The so-called “Second Draw” PPP will be limited to companies with fewer than 300 employees, down from 500 in round one, who can show at least a 25 percent drop in revenue for any one quarter this year versus what they did in 2019. Given that it is called the Paycheck Protection Program and that loans are capped at 2.5 Spending Rules.

Rules 73

Rules Payroll Caps Small Business 73