The pandemic has put small businesses in a world of financial hurt, with many looking to lenders for critical support. But lenders are facing their own challenges as they try to verify potential clients’ identities quickly and remotely. In the Digital Identity Tracker, Prasad G...
In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Plus, online lending startup SoFi is looking to go public through a SPAC. Economists: Stimulus, Vaccine...
Traditional bank account opening methods have long involved visits to branches and face-to-face meetings with officials in which physical identification documents are presented. These methods were rife with frictions and challenges even before the pandemic began, but now they also carry health risks due...
After having notched more than $110 million in equity funding in the past, India’s Capital Float has received a top-off of $4.8 million from current investors. The startup’s board had set aside just under 93,000 Series E preference shares with an INR 100 nominal value,...
January 01, 2021
This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. The Trackers use a number of creative methodologies and frameworks that measure and benchmark an ever-changing landscape. As part of our special year-end coverage, here’s a sampling of […]
May 13, 2016
Capital Float, an India-based FinTech startup aimed at helping SMBs gain access to loans, announced on Thursday (May 12) that it closed a $25 million Series B funding round. The new injection of capital brings Capital Float’s total funding raised so far to about $42 million, with the company being valued at over $100 million, […]
