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3 mins read
Congress opens investigation into BlueVine and Kabbage after reports of PPP fraud
While fintechs only processed 15% of PPP loans, 75% of loans tied to fraud were funded through thes…
Shannen Balogh
2 mins read
Small business lender BlueVine just nabbed $102.5 million in funding on the heels of its banking launch
Other small business lenders have been looking to expand their product offerings. Kabbage recently …
Shannen Balogh
3 mins read
Small business lending startup BlueVine is launching banking services, and the fintech's CEO is not ruling out brick-and-mortar branches
BlueVine, which was founded in 2013, is not the first small business lender to expand its offerings…
Shannen Balogh
1 min read
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Reader trust is core to our mission. Here is a list of companies Insider Personal Finance partners …
Insider Inc.
2 mins read
Hedge funds' plans for interns - Inside Tiger Global's investor letter - Future of payments
The top finance stories for March 18, including the latest news on how hedge funds are handling sum…
Dan DeFrancesco,Jordan Parker…
4 mins read
How entrepreneurs who are freaking out over their cash flow can use Kabbage, a startup that's raised $2.5 billion and is lending struggling companies up to $250,000
"Most lending systems are set up so that they can only make one load at a time. And consequently, y…
Dominick Reuter
4 mins read
Fintechs helped Black-owned small businesses get access to PPP loans during the pandemic more than banks did. It's weird.
A working paper finds automation may have helped Black businesses's access to PPP loans, but AI als…
Madison Hoff
3 mins read
The PPP loan program is open: How your small business can get loans, grants, and tax breaks from the new stimulus bill
The Senate passed a PPP extension on March 25, which would give struggling business owners another …
Business Insider
4 mins read
Small-business lender Fundbox just hired its first CFO. The former VC explains why the startup was overdue for a finance chief.
In addition, Abrahamsen will focus on more predictable revenue results, where there aren't swings m…
Shannen Balogh
3 mins read
This former VC took a huge pay cut to launch a startup that lets people borrow money easily
So instead they look for other financing options, like invoice factoring, which lets them sell thei…
Eugene Kim
3 mins read
THE GLOBAL SMB NEOBANKS REPORT: How 17 upstarts are tailoring solutions to tap the $850 billion annual opportunity in addressing the unmet needs of SMBs
In The Global SMB Neobanks Report, Business Insider Intelligence explores the key factors driving a…
Lea Nonninger
3 mins read
THE GLOBAL SMB NEOBANKS REPORT: How 17 upstarts are tailoring solutions to tap the $850 billion annual opportunity in addressing the unmet needs of SMBs
In The Global SMB Neobanks Report, Business Insider Intelligence explores the key factors driving a…
Lea Nonninger
3 mins read
THE GLOBAL SMB NEOBANKS REPORT: How 17 upstarts are tailoring solutions to tap the $850 billion annual opportunity in addressing the unmet needs of SMBs
In The Global SMB Neobanks Report, Business Insider Intelligence explores the key factors driving a…
Lea Nonninger
3 mins read
THE GLOBAL SMB NEOBANKS REPORT: How 17 upstarts are tailoring solutions to tap the $850 billion annual opportunity in addressing the unmet needs of SMBs
In The Global SMB Neobanks Report, Business Insider Intelligence explores the key factors driving a…
Lea Nonninger
3 mins read
Payoneer just bought a cloud-based payments platform, and its CEO says more strategic acquisitions are on his to-do list
Small business lender BlueVine launched its own small business banking product and announced a $102…
Shannen Balogh
4 mins read
Uber and Apple are just the start, and eventually every company will want to be a fintech. An Andreessen Horowitz general partner explains why.
Apple and its partner bank Goldman Sachs have recently faced scrutiny over its credit approval algo…
Shannen Balogh
4 mins read
An investor and a credit lender share how small businesses looking for alternative financing can find and partner with trustworthy funders
"We proactively called all of our small businesses and rearranged their payments," 6th Avenue CEO C…
Dominick Reuter
5 mins read
Neobanks like Chime are attracting billions in VC cash, but unlike most retail banks they don't do any lending. Here's how they've built a business on referrals and debit card swipes.
That said, the number of open accounts is not necessarily the same as the number of active deposit …
Shannen Balogh
7 mins read
Green Dot is leaning on banking-as-a-service with partners like Uber as neobanks flush with VC cash threaten its prepaid card business
Green Dot, a bank known for its prepaid debit cards, has seen that long-standing business come unde…
Shannen Balogh
11 mins read
We asked 4 VC investors what they look for in a fintech founder: they want someone who's 'gritty' and has 'transgressive' ideas, but also knows when to take advice
They said the investment decision can take as long as three-plus years, and that getting to know th…