PYMNTS-MonitorEdge-May-2024

alternative financing

Federal Reserve Bank of Philadelphia Report Finds FinTech Lending Crucial for SMBs
Federal Reserve Bank of Philadelphia Report Finds FinTech Lending Crucial for SMBs
April 26, 2022  |  Loans

Main Street small and medium businesses (SMBs) are still struggling with cashflow issues as the pandemic wanes, but they’ve come to rely on the new...

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Israeli FinTech Bizi Nets $7.5M for SMB Credit Lines
Israeli FinTech Bizi Nets $7.5M for SMB Credit Lines
January 30, 2022  |  Investments

Bizi, a FinTech company working to get credit lines to small and mid-sized businesses in Israel, has raised seed funding of $7.5 million, a report...

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LendingClub Aims for the Cloud, More Mobile-First Platforms in ’22
LendingClub Aims for the Cloud, More Mobile-First Platforms in ’22
January 26, 2022  |  Payment Methods

In a Q4 LendingClub earnings call, CEO Scott Sanborn laid out the company’s vision for 2022, to keep building its on-balance-sheet loan portfolio and moving...

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Former SEC Enforcer Says Watchdogs, Crypto Firms Need Open Dialogue on Oversight
Former SEC Enforcer Says Watchdogs, Crypto Firms Need Open Dialogue on Oversight
August 30, 2021  |  Cryptocurrency

The common view of the cryptocurrency landscape is that it’s the Wild West — untamed, with speculative activity out of control, and with regulators bearing...

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FinTech Veteran Rosenblatt Promoted To CEO At Behalf
FinTech Veteran Rosenblatt Promoted To CEO At Behalf
August 20, 2020  |  Personnel

Alternative financing company Behalf has promoted Rob Rosenblatt to CEO; he has been the company’s president for the past six months. Behalf said in a...

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From Business Model Pivots To Business Financing, Speed Is Everything
From Business Model Pivots To Business Financing, Speed Is Everything
July 22, 2020  |  B2B Payments

Business model flexibility became a necessity for survival for many businesses in the wake of the pandemic. Whether that meant a small brick-and-mortar shop embracing...

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Grab: How Alt Data Is Closing Southeast Asia’s $175B SMB Credit Gap
Grab: How Alt Data Is Closing Southeast Asia’s $175B SMB Credit Gap
February 27, 2020  |  SMBs

It’s no accident that technology companies that have historically not operated in the financial services space are expanding into the small business lending arena. With...

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Lighter Capital Broadens AltFin Products For Startups
Lighter Capital Broadens AltFin Products For Startups
June 06, 2019  |  B2B Payments

Lighter Capital, an alternative lender targeting the startup community, is adding new financing products to its offering. In a press release issued on Wednesday (June...

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Alt Lender Fountainhead Secures SBA Loan License
Alt Lender Fountainhead Secures SBA Loan License
February 14, 2019  |  B2B Payments

Small Business Administration (SBA) loans have found a new avenue through which they can reach small businesses. A press release issued on Wednesday (Feb. 13)...

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