Author: hjenkins42

Deserve received a $250 million credit facility from Goldman Sachs, Cross River, and Waterfall Asset Management. Last year, Deserve experienced a 650% growth in transactions volume and an 800% growth in receivables. The company will use the credit facility to meet the growing demand from financial institutions, fintechs, and consumers. Payment-card-as-a-service startup Deserve announced a…

Data partnerships have been in existence awhile. The size of the global alternative data market is slated to top $17.4 billion by 2027 at 40.1% CAGR. This growth has multiple implications for insurers who lack the means to harness large data stores. Benefits range from new markets access to augmented customer experiences. Underwriters gain more…

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Loan automation platform Upstart on Monday announced the launch of its Small Dollar loan, as well as a new product for small- and medium-sized business (SMB) lending. Small Dollar loan is for personal, payroll-based loans of around $1,000 or less. That offering was launched at the end of first quarter, Dave Girouard, Upstart Chief Executive,…

Current, a fintech offering financial services such as savings, early payday deposits and a debit card, on Tuesday opened its 4-million-member platform via an API, with the first integration being Plaid’s financial ecosystem. Current’s API platform was built to facilitate integrations for its customers with other fintechs, allowing for other embedded banking experiences, a Current…

Wealth management giant Envestnet has acquired business intelligence provider Truelytics, the company announced today. Truelytics offers a software as a service (SaaS) digital platform based on performance data and proprietary banking and investment formulas. The company maintains partnerships with companies including the $615 billion financial services firm TIAA, Fidelity Investments, Lincoln Investment and Cetera Financial…

FinovateSpring 2022 goes live next week. From Wednesday, May 18 through Friday, May 20, FinovateSpring returns to San Francisco, California for three days of innovative fintech demonstrations, insightful mainstage presentations, and lively debates and panel discussions on the most critical topics in fintech today. To help get you ready for next week’s event, here’s an…

Today, M&A deals in the financial sector have rebounded from early-pandemic levels and are on track for another amplified year in 2022. A particular area of M&A growth from 2021 came from bank mergers, which grew in the US by 25% from the year prior – a significant increase compared to global figures. Mergers bring…

Business expense management firm Expensify is in the process of beta testing a unique new feature. Though, it’s more of a perk than a feature. The Expensify Lounge is a chic new space in the entrance to Expensify’s San Francisco office located in the heart of the financial district. The idea for the Expensify Lounge…