The Fintech Times

MAY 1, 2025

In this weeks Behind the Idea, we speak to Sheetal Lalwani , COO and co-founder, about Juspays origins, lessons learned from working on UPI and why the company is betting on open source and AI as it scales globally. In 2011, India made two-factor authentication mandatory for digital payments.

Authentication 45

Authentication AI Real Time Payments Digital Payments 45

PYMNTS

DECEMBER 24, 2020

Airbnb did reportedly move its widely anticipated IPO from the spring to late fall, but went public in December at $68 a share — way above both its original pricing range of $44 to $50 and an upwardly revised $56 to $60. Co-founded in 2011 by Facebook veteran Doug Hirsch (now GoodRx’s CEO), the company has operated in the black since 2016.

Origination 92

Origination Push-to-Card On-Demand Shutdown 92

CB Insights

DECEMBER 7, 2017

By the end of 2017, nearly $1.8T worth of mortgages will have been originated in the United States this year, according to government-backed mortgage lender Freddie Mac. Originating, processing, and underwriting a home loan with a large bank lender still requires faxes and snail mail and take almost as long as it did 20 years.

Non-Bank 69

Non-Bank Online and Mobile Banking Origination Underwriting 69

Finovate

JULY 16, 2024

Gusto was founded in 2011. Originally known as ZenPayroll, Gusto provides a cloud-based payroll, benefits, and HR management solution. The company anticipates the move will help employees increase prosperity by delivering not only earlier access to their pay, but also to financial and work productivity tools.

Payroll 59

Payroll On-Demand Debit Card Participant 59

CB Insights

NOVEMBER 1, 2018

After a brief launch in 2011, Glitch was returned to beta and by 2012, Butterfield declared the concept wasn’t viable. It was originally a dating site that allowed singles to upload videos of themselves talking about what they wanted in a partner. His company, Tiny Speck, began developing a game called Glitch. Source: Wayback Machine.

PayPal 76

PayPal Origination Acquirers On-Demand 76

Finovate

AUGUST 27, 2024

Visa launched Visa Direct in 2011 to serve as a real-time payments platform that enables both retail and commercial customers to send money across the globe to cards, bank accounts, and other end points. Originally founded in 2015, Revolut launched its Revolut Business product in July 2017.

Cross-Border 52

Cross-Border Transactions Multi-Currency Payee 52

PYMNTS

JULY 30, 2020

Brown, a former Stanford University professor of biochemistry and medical researcher, founded Impossible Foods in Redwood City, California, in 2011. Impossible Foods claims its products are dramatically better for the environment than the animal-based originals it mimics.

Origination 54

Origination Product Research 54

PYMNTS

MAY 3, 2016

2010 | The year John and Patrick Collison founded Stripe, which was originally created as a startup called /dev/payments but was changed to a less confusing name. 2011 | The year Stripe launched to the public (September 2011) after it ran its private beta. Soon after, in May 2012, it closed a $20M Series B funding round.

Origination 40

Origination Mobile Payments FinTech Payments 40

PYMNTS

DECEMBER 5, 2016

Home prices have been on an upswing since 2011, but another divergent path is at work, as new home construction has come up only to recessionary levels and now is 30 percent below an average seen across decades from 1983 to 2007. The subset of borrowers with scores below 700 made up just 15 percent of loan originations.

Federal Reserve 57

Federal Reserve Origination Risk Accounts 57

PYMNTS

FEBRUARY 13, 2019

percent increase in Q2, which was the slowest pace since Q4 2011.”. We expect originators to continue to ease underwriting standards modestly, causing residential mortgage underwriting to normalize and economic adjusted performance to remain around historical average performance,” the report said. percent from 3.4

Underwriting 51

Underwriting Adjustments Credit Cards Origination 51

PYMNTS

APRIL 6, 2018

Facebook is defending its data sharing tool, saying it was in compliance with a 2011 privacy agreement with the Federal Trade Commission. The social media site just admitted that the data scandal with Cambridge Analytica could involve more users than the originally estimated 50 million.

FTC 40

FTC Federal Trade Commission Privacy Compliance 40

PYMNTS

JANUARY 7, 2020

In nine months, the valuation for Silicon Valley’s Chime grew to four times its original size, with investors offering $1.8 percent through the third quarter of 2019 and is on track to be the second-best year after 2011. Despite headline-grabbing startup debacles, U.S. The Prime Unicorn Index went up 58.4

Non-Bank 52

Non-Bank On-Demand Origination Finance 52

The Paypers

NOVEMBER 4, 2016

(The Paypers) BTCC , originally founded as BTCChina in 2011, has launched a new Bitcoin to USD exchange.

Bitcoin 28

Bitcoin Origination 28

Finance Magnates

MARCH 26, 2023

In 2011, this question was asked on Quora , and I wrote my answer as follows : This is an excellent question and there are many companies who believe they are shaping this answer (predominantly, SWIFT, Visa, Mastercard, WesternUnion, PayPal, and a whole lot of mobile companies). Comparing results after a decade. Well, what do you think?

Cross-Border 52

Cross-Border Suspicious Activity Report (SAR) Money Laundering SARS 52

PYMNTS

AUGUST 6, 2019

This is the first institutional funding for TickPick, which was founded by Brett Goldberg and Chris O’Brien in 2011. The co-founders, who roomed together in college, serve as co-CEOs and originally created the site so people could bid for tickets. It has since transformed into a no-hidden-fees marketplace.

Origination 40

Origination Instant Payments Transactions Facilitators 40

PYMNTS

MAY 29, 2019

The company began in 2011 and originally focused on student loan financing for millennials , but has since expanded into personal and mortgage loans. The company teamed up with Coinbase for a zero-fee branded cryptocurrency trading platform, and there are plans for a credit card by the end of the year. percent annual percentage yield.

Credit Cards 46

Credit Cards Finance Origination Cryptocurrency 46

PYMNTS

APRIL 13, 2018

The original account analysis reviewed 93.5 million current and former customer accounts opened in an approximately four-and-half-year time period — from May 2011 through mid-2015 — and identified approximately 2.1 The third party found 1.4 million new accounts were opened potentially without the blessing of its customers.

Office of the Comptroller of the Currency 46

Office of the Comptroller of the Currency OCC CFPB Account Analysis 46

CB Insights

JULY 19, 2017

Originally opened in 2008 by a group of Googlers who wanted someplace a bit more free-form to do their “20% work.” (“20% work” itself is a form of constant innovation: it’s the 20% of the workweek during which Google employees get to work on projects not directly connected to their core tasks.) Founded: 2011. Founded: 2011.

Innovation 74

Innovation Online and Mobile Banking Research Technology 74

PYMNTS

APRIL 18, 2019

According to a report in CNBC , the image search company has originally priced shares between $15 and $17 a share but raised it after the IPO received more interest than expected. The venture capital firm first made an investment in May of 2011, when the company was valued at a mere $40 million. million each.

Origination 44

Origination Security 44

PYMNTS

AUGUST 29, 2019

But the experience was like riding a tricycle compared to the motorcycle we have now — thanks in large part to the massive amount of treasure Netflix has invested in original content, the strategy it has followed to win market share in this current world of streaming. Personalized Recommendations. subscribers. Globally, Netflix brought on 2.7

Origination 71

Origination Consumer Research On-Demand 71

CB Insights

OCTOBER 29, 2018

Date: October 2011. With Apotheker fired in 2011 for a slew of missteps that had contributed to the company’s massive losses, nothing ever came of the acquisition. Date: August 15, 2011. HP and Autonomy. Price: $11.1B. Chairman and CEO Leo Apotheker, during his brief time in charge at HP, backed the company’s $11.1B

Acquirers 76

Acquirers Online and Mobile Banking Non-Bank Innovation 76

PYMNTS

JUNE 22, 2018

As a result, Twitter user Juan Galt conjectures that Satoshi Nakamoto’ means the “one who is enlightened (Satoshi) at the centre of the origin (Nakamoto).” Nakamoto was last heard of in the spring of 2011 and was said to have “moved onto other things.”. ” What do we know about Nakamoto?

Bitcoin 41

Bitcoin Blocks Origination Research 41

PYMNTS

DECEMBER 17, 2020

The company began charging for online content in 2011, betting that digital news was the key to its future growth. The offering was so well-received that Fender increased its original limit of 100,000 new registrations to one million. It aims to reach 10 million subscribers by 2025.”. consumers sign up for streaming services.

Consumer 60

Consumer Credit Cards Use Case Service Provider 60

PYMNTS

NOVEMBER 6, 2018

That retailer would be Five Below, which, after opening its doors in 2002, called itself “the Five-and-Dime for the iPod Generation” in a 2011 press release. With a bevy of different items, the store is, in effect, a discovery place much like Woolworth’s original store. The New Five-And-Dime Store. It’s like a treasure hunt.”

Origination 55

Origination Product Consumer Research 55

PYMNTS

MARCH 23, 2018

Founded in 2011, Gwynnie Bee originally served the plus-sized women’s clothing market, but expanded this year to also include sizes zero through eight. We also had to have a way to prove that we could do it right — that we could ship boxes and process inventory — so we brought up Gwynnie Bee as our first service on top of CaaStle.”.

Returns 40

Returns Database Origination Economy 40

PYMNTS

OCTOBER 25, 2019

the original developer, dropped out as did Colony Capital, its successor. Triple Five Group then agreed to take over the project in 2011. . The pastel tiles that caused one of them to call out the aesthetics of the building were replaced. Mills Corp., And in that time period, online shopping has increased.

Origination 40

Origination Regulations Consumer 40

PYMNTS

MAY 16, 2018

Against that backdrop, SOC 2 — shorthand for Service Organization Control, originating from 2011 — is gaining in popularity, according to Flywire chief information security officer Barbara Cousins. Controls are everything in business and in data security.

Audit 46

Audit Procedures ISOs Security 46

PYMNTS

NOVEMBER 28, 2016

corporates over the last five years, a 25 percent increase between 2011 and 2016, according to alternative lender Funding Options. An unnamed source told reporters late last week that R3 wants to raise $150 million from members and strategic investors, a decline from its original $200 million target. million each.

Office of the Comptroller of the Currency 46

Office of the Comptroller of the Currency Small Business OCC Origination 46

Fintech News

APRIL 10, 2025

Using a mobility-led approach via the Svamaan App, it streamlines loan origination, management, and collections. million Kinara Capital , founded in 2011 by Hardika Shah, empowers small businesses in India by providing collateral-free loans to MSMEs. Svamaan Financial Services Absolute growth rate: 1065.07% Revenue (2023): $20.56

FinTech 113

FinTech Payment APIs and Integration Online and Mobile Banking AI 113

Fintech Labs Insights

JULY 2, 2015

Kris FinSoftware specializes in providing core banking, private banking, risk, and loan origination software. Founded in May 2011 and headquartered in Bangalore, India, i-exceed demonstrated its Appzillion platform at FinovateAsia 2013. Pictured: i-exceed’s Sandeep Mahapatra presenting at the Philippine Bank Symposium.

Origination 31

Origination Mobile Banking Risk Posting 31

PYMNTS

MARCH 28, 2016

The Fed ultimately settled on a 21 cent cap plus 0.05% of the transaction for fraud recovery (up from their original proposal of 12 cents). Pre-2011, debit card interchange fees averaged in the 44 cent range. That resulted in a big decline.

Fed 41

Fed Federal Reserve Caps Issuers 41

Finovate

AUGUST 14, 2024

With their ability to apply fraud detection strategies to key vulnerabilities such as origination and account management, insights from behavioral analytics can help mitigate fraud in real time and defend users against a range of malevolent actions including identity theft, account takeover, bot attacks, and fraud rings.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

MAY 23, 2018

As one of the web’s best known, most established eCommerce sites and original marketplaces, eBay ‘s evolution over the last half decade has been rapid. In 2011, it bought startup Hunch for that purpose, and launched its Setify tool in 2012 so users could build personalized collections and wish lists.

Cross-Border 43

Cross-Border Origination PayPal AI 43

FICO

APRIL 9, 2018

Despite this rise in lines, the percentage of overlimit accounts reached the highest level since January 2011. This means that average delinquent balances are growing at over double the rate of lines. During the last 3 months average 1 to 3 cycle balances again reached over two-year highs for accounts <5 years on book.

Posting 40

Posting Issuers Payer Risk 40

PYMNTS

MARCH 17, 2017

Founded in 2011, Pindrop’s security solution was built to protect banks and other financial institutions from call center and voice fraud. In online retail cases, Pindrop has seen fraudsters call retailers to have shipments redirected to them, away from the original purchaser. They let me right in,” Dewey said.

Credit Union 42

Credit Union Credit Cards Issuers Payment APIs and Integration 42

CB Insights

MAY 9, 2019

In 2011, Watson competed on the quiz show Jeopardy! In 2011, Amazon announced that sales of e-books had surpassed sales of paperback books through Amazon for the first time ever. The original Ethernet cable carried only 3 Mbps. Laser printers, like this one from Sony, can trace their origin to Xerox PARC.

Innovation 76

Innovation Product Technology Origination 76

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. Those effects, however, were short-lived. lending marketplace.

P2P 54

P2P Origination Underwriting Returns 54