Startups

Piggy Eliminates Change — and Card Fees

By
0
April 22, 2014
Piggy Eliminates Change — and Card Fees

It’s no secret merchants love being paid in cash – and it’s certainly not a surprise that some customers hate lugging around change. A new startup aims to increase customers’ cash usage to help merchants save on credit card fees. It does it by forwarding the change a customer would normally receive straight to...
Read More »

Loop Will Be Inside Handsets Within One Year, CEO Says

By
0
April 17, 2014
Loop Will Be Inside Handsets Within One Year, CEO Says

Loop, the payments startup that allows for contactless payments at magstripe card readers using magnetic transmission, has plans that go far beyond magstripe itself. The company has deals in the works with a major card network and a major handset manufacturer that should see daylight later this year, CEO Will Graylin told Bank Innovation yesterday. Loop...
Read More »

Building a Bank from Scratch

By
3
April 15, 2014
Building a Bank from Scratch

The bank of the future probably won’t be made of brick or stone, and may not be much to look at. It’s easier to say what it will do. Entrepreneur and startup mentor Jack Gavigan, who traded tweets with Marc Andreessen and others on the subject back in February, elaborated on his vision for a...
Read More »

VIDEO: Alternative Lenders Are So Hot Right Now

By
0
April 10, 2014
VIDEO: Alternative Lenders Are So Hot Right Now

If you need to borrow money, you picked a great time. New “alternative” –meaning nonbank — lenders are popping up every day. Within the past week, Kabbage, a small business lender, and SoFi, which helps refinance student loans, received large votes of votes of confidence from investors. More recently, person-to-person lender Peerform received $1...
Read More »

Kabbage Starts White-Labeling Its Lending Service

By
0
April 9, 2014
Kabbage Starts White-Labeling Its Lending Service

The recent successes of online lenders has made them attractive to investors — and now banks are entering the fray. Small-business lender Kabbage will soon white-label its service to “a very large financial services company,” according to TechCrunch. The online lender recently secured a $270 million credit facility from Guggenheim Securities, an investment arm of...
Read More »

Risk, Compliance Top Concerns for Bitcoin Startups

By
0
April 8, 2014
Risk, Compliance Top Concerns for Bitcoin Startups

It’s no longer the Wild West for virtual currency startups — all 2,000 of them. The regulators (and tax collectors) have virtual currencies in their cross-hairs, and the startups must learn to operate in a regulated space. There is tension in the bitcoin community over compliance. There will always be an anarchic element to...
Read More »

Does Ethos Deal Mean Mortgages Are Hot?

By
0
April 8, 2014
Does Ethos Deal Mean Mortgages Are Hot?

We were lamenting the lack of innovation in the mortgage industry — and then two startups pop up. So it goes in the fintech startup bubble. First, startup SoFi recently raised $80 million (yes, you read that number right) and promptly announced that it would start marking mortgages. Then, Fenway Summer LLC, the new...
Read More »

SoFi, Flush With Funds, Plans to Offer Mortgages

By
0
April 4, 2014
SoFi, Flush With Funds, Plans to Offer Mortgages

SoFi (Social Finance) just raised $80 million. How will it celebrate? By offering mortgages and personal loans, naturally. The company was founded by Stanford University Graduate School of Business graduates in 2011 to take on student loans. The idea was that students could finance their schooling by borrowing from alumni of their school, rather than...
Read More »

New APIs Promise Rich, Contextual Data

By
0
April 4, 2014
New APIs Promise Rich, Contextual Data

We offer this new dictum: Context is king when it comes to transaction data — and one new startup is staking its future on that. Today, it is becoming standard in banking for APIs (application programming interfaces) to provide rich contextual data in order to deliver value to developers and marketers. No longer is it...
Read More »

Lendio Prepares to Automate Document Gathering for Borrowers

By
1
April 3, 2014
Lendio Prepares to Automate Document Gathering for Borrowers

Online small business lender Lendio is asking its borrowers to dish on the dismal job of gathering documents for a loan. The survey was sent to Lendio customers yesterday. Salt Lake City-based Lendio works with banks to acquire more customers. Its system looks and acts like a personal financial management tool for lending to...
Read More »



Archives