The Federal Reserve is making changes to the asset cap on Wells Fargo in order to get more money into...
Last week the government passed the CARES Act which included $349 billion in loan guarantees for small businesses; we also...
[Editor’s note: This is a guest post from Ryan Metcalf, Head of Public Policy & Social Impact at Funding Circle.] Fintech...
Fundbox has hired Marten Abrahamsen, a former investment banker to fill the CFO role at the fintech company; Fundbox provides...
Bank partnerships take many forms and there many examples today of win-win relationships between banks and fintechs. Earlier this...
Forbes features entrepreneurs on this year’s 30 Under 30 Asia who are looking to provide better access to financial services;...
Last week the government passed a stimulus package called the CARES Act which included $349 billion in loan guarantees for...
Fundbox is already operating in an open banking environment allowing third party access to information; “What Fundbox is doing is indicative of this next wave of open banking and leveraging APIs to embed functionality in the longer tail of places where small businesses do work,” said Alenka Grealish, senior analyst at Celent, to American Banker; the company learned from past integration issues and created Fundbox Fuse which is a set of HTML code for lite integration; they announced new integrations with Bookly, AND CO, Billy, Paid and Knowify with the hopes of integrating to thousands of platforms to help democratize access to credit. Source.
Small business lender Fundbox believes their new credit and payment product will help to solve the cash flow issue at small businesses; “We want to do for [small-business] B-to-B commerce what the entire credit card infrastructure has done for B-to-C commerce,” said Prashant Fuloria, chief operating officer of Fundbox, to American Banker; one of the biggest reasons for some of these issues is there is no credit scoring equivalent for small businesses; Fundbox Pay allows businesses to get paid immediately and gives those invoiced 60 days to pay at no charge, allowing businesses to handle the seasonal cash flow issues without too much pain. Source.
Last year at LendIt 2013 we featured a number of P2P lending start-ups in our exhibit area in order to...