On March 26, the day before the CARES Act was passed, the country had about 1,600 certified Small Business Administration (SBA) lenders, said Charles Potts, SVP at ICBA. “Then overnight Treasury said there will be 5,000 more SBA lenders the very next day.”
Financial Technology
The growing complexity of wealth management requires better #technology, says Anton Honikman, the CEO of #MyVest.
Financial Technology
On March 26, the day before the CARES Act was passed, the country had about 1,600 certified Small Business Administration (SBA) lenders, said Charles Potts, SVP at ICBA. “Then overnight Treasury said there will be 5,000 more SBA lenders the very next day.”
Financial Technology
The RTP #network now has 29 participating financial institutions which can reach 53% of demand deposit accounts in the U. S. Consumer and business customers can now receive #payments directly into their accounts with real-time receipt confirmation and nearly instant availability.
Financial Technology
Cloud is coming faster than expected in U. S. #banking, said Alexa Guenoun, president of the Americas and Global Head of Partners for Temenos.
Financial Technology
Cloud is coming faster than expected in U. S. banking, said Alexa Guenoun, president of the Americas and Global Head of Partners for Temenos.
Financial Technology
Cloud is coming faster than expected in U. S. banking, said Alexa Guenoun, president of the Americas and Global Head of Partners for Temenos.
Financial Technology
#Kabbage, the Atlanta-based small business lending #fintech, was the fourth largest processor of SBA payroll support loans (PPP).
Financial Technology
Cloud is coming faster than expected in U. S. banking, said Alexa Guenoun, president of the Americas and Global Head of Partners for Temenos.
Financial Technology
FT Partners is pleased to announce our role as exclusive strategic and financial advisor to Marqeta on its $150 million growth financing, valuing the company at $4.3 billion, an approximately 2.5x increase from the prior round valuation, which closed less than a year ago. The round was led by one of the largest asset managers in the world. The Marqeta round, along with our recently announced ~$400 million financing for AvidXchange, both stand out since they were led by new investors and represent valuations that were substantial increases from the most recent prior rounds. Many recent large #FinTech financing rounds have been led by insiders and at down or flat valuations. This round brings the total capital raised by FT Partners for Marqeta to over $500 million.
Founded in 2010, Marqeta is the first global modern card issuing platform and supports the world’s fastest-growing innovators at scale, including Square, Affirm, DoorDash, Klarna and Instacart, by providing the most advanced infrastructure and tools for building highly configurable payment solutions.
The Marqeta transaction highlights FT Partners’ ability to drive optimal results for our clients, even during these challenging market conditions. This transaction also underscores the long-term nature of many of our client relationships. FT Partners has advised Marqeta on all of its capital raising since 2015. Since then, the Company’s enterprise value has grown by over 40x. Prior to this round, we advised Marqeta on its $260 million Series E financing led by Coatue in 2019, its $45 million financing led by ICONIQ in 2018, its strategic $25 million financing led by Visa in 2017, and its $25 million financing in 2015.
This transaction builds on FT Partners’ track record representing numerous FinTech “Unicorns” with $1 billion+ valuations, and extensive history advising on multi-billion dollar transactions including:
Reply