SoFi to buy Galileo for $1.2B to broaden reach
In a year of major fintech acquisitions, SoFi today announced a $1.2 billion deal to acquire Galileo, a financial services ...
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VC firms, startups face headwinds with SBA loans
As small businesses race to apply for Paycheck Protection Program loans from the Small Business Administration, many venture capital firms ...
Banking app Dave ‘on the hunt’ for remote work opportunities
Banking platform Dave is increasing its integrations with remote work employers as the coronavirus pandemic keeps consumers home, resulting in ...
Wells Fargo says Fed cap is limiting small-business relief
Wells Fargo & Co. said it can’t fully meet demand from small businesses rushing to participate in a U.S. relief ...
Fintechs, lacking guidance, pivot to SBA loans
U.S. Treasury Secretary Steve Mnuchin last weekend confirmed “any fintech lender” will be authorized to make small business loans as ...
Fintechs launch SBA PPP platforms amid stimulus scramble
As banks scramble to stand up digital interfaces and participate in the SBA Paycheck Protection Program (PPP) that launched today, fintech providers are rolling out different ...
Weekly Wrap: PPP ramp up dominates the credit industry
The Small Business Administration’s Paycheck Protection Program went live today, and confusion reigned. Despite shelter-in-place mandates for better than 80% ...
Plaid pulls Excel into fintech services
Microsoft Excel’s budgeting features received a major overhaul this week to become a full-service personal finance management tool through data ...
Stripe partners with CRM provider to aid SMB
Payments infrastructure giant Stripe has integrated with Keap, a customer relations management platform designed for small businesses, in a partnership ...
Startups are scrambling for access to $349 billion in relief loans
Representatives for venture-backed startups are pushing for the companies to get access to $349 billion in small business loans authorized ...
