Finovate

APRIL 22, 2024

The bankruptcy comes after Synapse’s partner bank Lineage received a consent order from the FDIC earlier this year. Synapse was founded in 2014 and had raised $50.7 TabaPay’s acquisition is pending approval by the bankruptcy court.

Acquirers

Finovate

JULY 3, 2024

Coinbase began supporting law enforcement agencies in 2014 when it founded its law enforcement program. Earlier this week, Coinbase sued the SEC and FDIC, demanding more transparency when it comes to crypto regulations. The California-based company currently works with every major U.S. Photo by Zach Lisko on Unsplash The post U.S.

Law Enforcement

PYMNTS

OCTOBER 13, 2016

“[The government] shut down those types of bank partnerships so we quickly changed to cash advance products, which remained in place until 2014 when we launched our partnership with Scotiabank today,” says Petralia.

Small Business

PYMNTS

JULY 25, 2018

With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. In May of 2017, Financial Times reported that data released by the Federal Deposit Insurance Corporation (FDIC) showed the first sequential drop in outstanding car loans at commercial banks in at least six years. Cabot Square Capital, a U.K.

FDIC

PYMNTS

OCTOBER 12, 2016

appeal of the 2014 $109M financial penalty imposed by the CFPB. The central issue in the case was a 2014 claim the CFPB made against PHH; specifically that the New Jersey-based mortgage lender pay $109 million for allegedly violating the Real Estate Settlement Procedures Act by accepting kickbacks from mortgage insurers. .

CFPB

Fintech Labs Insights

SEPTEMBER 9, 2014

The funds are held in an FDIC-insured account. To that end, during the Q&A session, Self Lender said it was hoping to ink deals with one or more major banks in the near future. -- Self Lender demonstrates how the money saved in the platform can be used as down payment ( 9 Sep 2014) - Note: 1. Source: NY Times, 6 Feb 2012.

Credit Union

Fintech Labs Insights

JULY 5, 2016

Pictured (left to right): Gary Zimmerman (CEO and founder) and Richard Wu (Director, Engineering) demonstrating MaxMyInterest at FinovateFall 2014 in New York. Founded in 2013 and headquartered in New York City, MaxMyInterest demonstrated its intelligent cash management solution at FinovateFall 2014.

Advisors

Fintech Labs Insights

MAY 24, 2016

At FinovateFall 2014, MaxMyInterest launched its Intelligent Funds Transfer technology that uses an algorithm to determine the optimal cash allocations in a user’s bank account to, as the name suggests, maximize interest received. Now, clients don’t have to enter their name and address even once.”.

Advisors

CB Insights

DECEMBER 4, 2019

Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). With the talent acquired from GoPago, Amazon launched Amazon Local Register, a card reader for SMBs in August 2014. Its first entry point in the market was in payments in October 2014.

Online and Mobile Banking

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.

P2P

Fintech Labs Insights

JULY 19, 2016

” MaxMyInterest’s intelligent cash management platform helps savers earn higher yields while maintaining FDIC protection. Founded in 2013 and headquartered in New York, MaxMyInterest demonstrated its technology at FinovateFall 2014.

Advisors

Fintech Labs Insights

JANUARY 15, 2021

Rho has positioned itself for the more sophisticated business touting its $75M in deposit insurance (via a network of FDIC-insured banks), QuickBooks integration, accounts payable tools (ala Bill.com), low-cost FX and global transfers and even access to venture debt providers. The challengers all have their own unique selling propositions.

FinTech

Fintech Labs Insights

JANUARY 15, 2021

Rho has positioned itself for the more sophisticated business touting its $75M in deposit insurance (via a network of FDIC-insured banks), QuickBooks integration, accounts payable tools (ala Bill.com), low-cost FX and global transfers and even access to venture debt providers. The challengers all have their own unique selling propositions.

FinTech

Fintech Labs Insights

APRIL 17, 2017

In 2014, things changed significantly for these investors; historically if they didn’t have $40,000 for a down payment on an investment property loan or $4 million to spend on commercial property development, they would be out of luck. Patch of Land ( FF 2014 demo ). Realty Mogul ( FS 2014 demo ).

Accreditation

Fintech Labs Insights

JULY 24, 2024

million $1,700 2 Greenlight 2014 Atlanta 1.3 Largest Youth Banking Providers (ranked by website traffic) Rank Company Founded HQ Visits (Jun’24) Funding ($M ) Digital Banks 1 Revolut <18 2015 London 13.8 7 Till 2018 Nantucket, MA 20,000 $6.0 8 Jassby 2017 Waltham, MA 14000 $7.9 million Cards 1 Cash App Sponsored Account 26.9

Financial Literacy

Fintech Labs Insights

MARCH 4, 2019

Self Lender’s bank partners, put aside the total of all the monthly payments into an FDIC deposit account. To see Self Lender in action, check out its TechCrunch demo in 2014 ( video ) and update ( 2018 ). In the 2014 demo, you could also pay with Bitcoin, which was in the $300 to $500 range. We’ll update if we hear from them.

Origination

Fintech Labs Insights

NOVEMBER 10, 2023

161 $323 21 Branch 357 2015 Minneapolis 222,000 $633 22 Albert 315 2015 LA 1,270,000 $176 23 Current 307 2015 NYC 856,000 $402 24 Greenlight 302 2014 Atlanta 458,000 3.8 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 8,860 $2,300 6 Upgrade 1426 2016 SF 3,013,000 4.5

NOV

Fintech Labs Insights

JANUARY 13, 2025

Treasuries/4.80% FDIC insured (11 Dec 2023**) Minimum Balance: none Traction Raised: $27 million including $22 million in 2022 ( Crunchbase ) Employees: 27 ( Pitchbook ), unchanged since Sep, up 2 since May, up 2 since Mar, unchanged since Nov 23 Website visits: 47,000 ( SimilarWeb , Nov 2024) Linkedin : 7,000 followers 15.

Small Business

PYMNTS

JULY 15, 2016

But when it comes to a tactic that plays rope-a-dope with the facts about something, say as serious as whether or not China hacked into the FDIC, then it is not at all cool. Top as in the very top: the FDIC chairman, his chief of staff, and the General Counsel. Maybe not even from a PR perspective either. Lending Club Algorithms .

FDIC

PYMNTS

OCTOBER 1, 2019

Five years after the worst of the carnage in the data out of the Federal Deposit Insurance Corporation (FDIC) showed that lending was beginning to normalize — lending to big businesses had recovered, consumer lending was showing signs of thawing as the mortgage markets began showing signs of coming back from the dead.

Consumer Financial Protection Bureau (CFPB)