Fintech News

FEBRUARY 20, 2024

The company aims to meet the daily financial needs of underserved customers in emerging markets through digital banking, digital financing, digital investment, and insurance brokerage services. Founded in 2016, Akulaku is a banking and digital finance platform in Southeast Asia. Its target is to serve 50 million customers by 2025.

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FinTech Online and Mobile Banking Payment APIs and Integration Security 126

Fintech News

JULY 23, 2024

This approach has enabled CapBay to provide over MYR 3 billion (US$643 million) in financing to more than 1,700 underserved SMEs across 20 diverse industries. It also invests in community initiatives, equipping underserved communities with future-ready skills and promoting food resilience.

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FinTech Online and Mobile Banking Multi-Currency Non-Bank 134

Fintech News

FEBRUARY 27, 2024

Rapid digitalisation, a young internet-savvy population, and underserved markets make the region ripe for fintech disruption. The fintech industry in the Asia Pacific region is booming, with several high-growth companies potentially eyeing an initial public offering (IPO) as early as 2024. Despite global fintech funding nosediving to US$39.2

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FinTech Risk Federal Reserve Multi-Currency 124

Finovate

JULY 5, 2024

Ascend Money anticipates the funds will help it accelerate its mission to provide inclusive financial services for underserved consumers and small businesses and ultimately foster economic growth and financial well-being in Thailand. ” Ascend Money was founded in 2013 and has since processed $14 billion in the region.

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Financial Inclusion Underserved BNPL Small Business 52

PYMNTS

MARCH 7, 2017

Aiming to back and support FinTech startups focused on the underserved, Accion International and VC Quona Capital raised $141 million in funding. percentage points compared to 2013 levels, meaning around 9 million households in the U.S. The underbanked stayed the same compared to 2013 levels. FDIC), U.S.

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FDIC Underserved Checks Returns 40

Fintech Finance

MARCH 27, 2024

Hitachi Payment Services’ journey as a White label ATM Operator began in 2013 when it was awarded the WLA license. By expanding access to banking services in underserved and untapped areas, we continue to empower communities and contribute to inclusive socio-economic growth.”

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ATM Financial Inclusion Payments Value Added Service 52

PYMNTS

MAY 5, 2016

Affirm, which was founded in 2013 by Levchin, helps financially underserved consumers score loans by using its credit scoring model, which it says better utilizes data analytics to extend loans to consumers at POS who are often left out by FICO-based credit scoring systems.

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Underserved Consumer Finance On-Demand 40

Fintech News

SEPTEMBER 4, 2024

Since its inception in 2013, the company has raised US$671 million in debt and US$137 million in equity from prominent investors, including Creation, Elevation, Ribbit Capital, Sequoia, and Lightrock. The company focuses on addressing the financial needs of young professionals, a demographic often underserved by traditional lenders.

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BNPL Online and Mobile Banking Credit Limit Credit Cards 111

PYMNTS

NOVEMBER 14, 2019

There is no shortage of startups that enter the wild world of direct-to-consumer (DTC) retail to address a hole in the market that leaves a massive number of consumers underserved. It is in fact one of the more common stories we encounter here at PYMNTS.

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Underserved On-Demand Consumer Returns 40

The Fintech Times

OCTOBER 3, 2024

Efforts to improve it have been ongoing for over a decade, as in 2013, Papua New Guinea’s National Executive Council (NEC) endorsed the creation of the the Centre for Excellence in Financial Inclusion (CEFI). Consequently, it aimed to enhance financial inclusion and address the disproportionate impact of the COVID-19 pandemic on women.

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Financial Inclusion Financial Literacy Government Governance 52

Fintech Labs Insights

MAY 20, 2015

Bitbond’s goals for the new funding are to grow its user base and increase activity in emerging markets that are underserved by traditional lenders. Since launching to the public in July of 2013, Bitbond has originated more than 600 loans through its platform.

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P2P Bitcoin Underserved Origination 26

CB Insights

OCTOBER 10, 2018

What these startups share is the goal of creating customer-centric banking products that target underserved individuals and businesses. Startups targeting retail and commercial banking are well funded: Collectively, these 61 startups have raised $3B across 173 deals since 2013. DOWNLOAD THE 61-PAGE consumer banking REPORT.

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Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

Fintech News

MARCH 26, 2024

It operates with the goal of building a credit ladder for the underserved population in India, aiming to serve over 550 million individuals. #9 8 Credit Fair (India) Credit Fair is a consumer lending fintech startup that was founded in 2018.

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FinTech APACS Payment APIs and Integration Multi-Currency 105

FICO

JULY 15, 2022

It means the inclusion of credit markets that are less developed, where a larger part of the population is underserved. Then, again, with our FICO ® Score Open Access program that we launched in 2013. For FICO, it means taking the technology global. Hundreds of lenders in the U.S.

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Financial Inclusion Underserved Consumer Innovation 52

PYMNTS

DECEMBER 1, 2017

As of 2013, the suddenly struggling mall brand decided to cut ties to invest money into more profitable channels. We see an opportunity to enter into an underserved and growing segment of the women’s apparel market.”. The fastest-growing startup in the class is Eloquii , which started out as the plus-size label of The Limited.

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Underserved Database Consumer Risk 54

Fintech Labs Insights

JULY 27, 2015

.” Eugene Danilkis, Mambu CEO, added that his company’s technology would help make it easier for Reparo to develop “new and more accessible loan offerings” to market to the historically underserved small businesses. Mambu has had a busy 2015. Reparo was founded in 2014 and is headquartered in Manchester, UK.

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Underserved Finance Small Business Business Day 20

CB Insights

SEPTEMBER 26, 2018

Founded: 2013. Notable projects: The Applied Innovation Lab is applying technology to underserved areas around the world. Founded: 2013. It’s used in over 1,600 facilities across the country. After Circulation raised $10.5M in VC funding, it spun out into its own company. Health and Human Services — HHS Idea Lab.

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CB Insights

FEBRUARY 13, 2020

The company was ultimately acquired by PayPal in 2013, and now represents a sizable chunk of its merchant business. Stripe Corporate Card targets high-growth startups and small businesses that are underserved by incumbent card issuer offerings — sometimes due to factors such as limited credit history and light income statements.

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Online and Mobile Banking Payment APIs and Integration Payments Push-to-Card 98

Fintech Labs Insights

FEBRUARY 22, 2017

According to Albrecht, the funds will help Bitbond to “make lending and borrowing globally accessible” by furthering product development and growing its user base in underserved markets. Since launching in 2013, Bitbond has extended 1,600+ loans worth $1.2

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Cross-Border Payments Cross-Border Underserved Blockchain 15

Fintech Labs Insights

APRIL 28, 2016

Citibank is already working with P2P lender Lending Club to offer credit to underserved communities, and it’s likely the megabank is hoping to tap into BlueVine’s expertise in factoring, which accounts for about 85% of its business. Edward Castaño (VP Operations) and Eyal Lifshitz (CEO) on stage at FinovateFall 2014.

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Underserved Small Business P2P Agreements 15

Fintech Labs Insights

APRIL 8, 2016

. “BlueVine has brought an intuitive technology platform, accessibility, and transparency to an underserved small business market,” Sirbu said. ” Headquartered in Palo Alto, California and founded in 2013, BlueVine demonstrated its platform at FinovateFall 2014.

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B2C Underserved Small Business B2B 14

CB Insights

DECEMBER 5, 2017

Investment frequency: Average of 4 new portfolio companies per year since 2013. Stated investment focus: Underserved risk markets, innovative approaches to risk underwriting, financial technology with application to risk underwriting. XL Innovate. Number of investments: 5. Investment frequency: 5 new investments, all in 2016 YTD.

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Underwriting Cybersecurity Risk Innovation 28

CB Insights

AUGUST 1, 2017

Industries like education and healthcare are considered difficult and underserved due to the long-term return on investment, capital-intensive start-up costs, regulatory uncertainty, and perceived early-stage risk. Deals were just shy of the record set in 2013, which saw 38 investments worth approximately $332.7M in financing.

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Participant Online and Mobile Banking Acquirers On-Demand 34

CB Insights

OCTOBER 10, 2017

At the time of acquisition, it had 700,000 users and had processed about $12 billion in transactions since its launch in 2013. This practice of serving underserved communities has become a foundation of Credit Karma’s business model: “There are a lot of families struggling to make ends meet,” Lin says. “To

Finance 78

Finance Online and Mobile Banking Product Checks 78

CB Insights

JUNE 17, 2020

Industry proponents have been making the case for telehealth for years, pointing to its potential to lower costs, ease pressure on overextended healthcare systems, and make care more accessible in rural and underserved areas. That growth, already slowing by late 2019, ground to a halt in the wake of the pandemic.

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Posting Technology Online and Mobile Banking On-Demand 101

PYMNTS

MARCH 7, 2016

The POS breaches that colored our world in payments starting at the tail end of 2013 set in motion a whole host of activities designed to protect payments data at the physical point of sale. SHOULDN’T WE BE PROTECTING MORE THAN JUST PAYMENTS DATA? The big question for innovators is where do they – and should they — play?

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Online and Mobile Banking Payments Same Day ACH Financial Inclusion 46

PYMNTS

DECEMBER 11, 2019

That waiver has been periodically expanded and renewed every few years, most recently in 2013, when it received a permit to impose its greenhouse gas and create its zero-emission vehicle program. That comes with a 24- to 60-month term at a 12 percent to 16.5

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Underwriting Rules Underserved Economy 52