Tagged: adam hughes

Comerica Bank’s Digital Lending Platform Enables Access to Capital for Small Businesses

Comerica Bank announced the launch of Comerica Small Business Convenient Capital, its first “fully digital,” end-to-end new lending platform “to provide convenient access to capital and innovative value-added benefits for Comerica small business customers.” Built in collaboration with Amount, a digitally enabled lender and credit… Read More

Fintech Amount Lays Off 18% of Staff Members

Virtual banking tech provider Amount is the latest Fintech firm to trim down its workforce, reducing its employee headcount by around 18%, according to a recent report from TechCrunch. Amount offers retail banking and point-of-sale tech to customers such as Banco Popular, HSBC, Regions Bank… Read More

BNPL: Mastercard Supports Scale of Buy Now, Pay Later with New Partners

Mastercard (NYSE: MA) has announced a growing list of partners, such as BNPL specialists and internationally-recognized brands, further expanding Mastercard Installments, “the unique BNPL program that delivers greater choice at checkout, both in-store and online.” Amount, Bass Pro Shops and Cabela’s, Deserve, H&R Block, i2c,… Read More

Banking Tech Provider Amount Acquires Linear Financial Technologies

Amount, a banking tech provider offering account opening, loan origination and BNPL financing solutions, recently confirmed the acquisition of Linear Financial Technologies, the SMB loan and account origination platform. Linear’s solution set is “complementary to Amount’s retail banking and BNPL solutions for consumer loans,” according… Read More

BNPL Fintech Credova Teams Up with Cornerstone Bank

Credova, a Buy Now, Pay Later (BNPL) solution emerging in the outdoor recreation, farm, home and ranch markets, has announced an agreement with Cornerstone Bank. Credova says that it exists because a group of people were “given an opportunity to create something that hadn’t been… Read More

Amount, Marqeta Debut BNPL Virtual Card, Loan Origination Tools

Amount, a technology provider for financial institutions, and global modern card issuing platform Marqeta  (NASD:MQ) announced today a virtual card and loan origination partnership to help banks rapidly enter the buy now, pay later (BNPL) space. The partnership alleviates the digital tools gap that prevents… Read More

Goldman Sachs Leads $81 Million Series C Investment in Amount

Amount, a spin-off from online lender Avant, has raised an $81 million Series C funding round led by Goldman Sachs (NYSE:GS). This is an interesting investment for Goldman because they are looking to leverage Marcus to provide digital banking services to erstwhile competitors. Other investors… Read More

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