1
00:00:00.000 --> 00:00:02.127
♪♪♪

2
00:00:02.752 --> 00:00:04.713
Did you catch Fintech February?

3
00:00:04.713 --> 00:00:08.842
Lendio closed a $55M Series E
Funding round.

4
00:00:08.842 --> 00:00:13.722
The company says it has averaged
year-over-year growth of 75%

5
00:00:13.722 --> 00:00:18.018
and is now the largest small
business loan marketplace in
the United States.

6
00:00:18.018 --> 00:00:20.812
Bitty Advance sold a big stake
in its company.

7
00:00:20.812 --> 00:00:24.482
CEO Edward Siegel and investor
Craig Hecker

8
00:00:24.482 --> 00:00:28.028
celebrated the deal with a video
that went viral across the
industry.

9
00:00:36.202 --> 00:00:41.124
Lending Club is buying Radius
Bank for $185 million,

10
00:00:41.124 --> 00:00:45.295
making it the first acquisition
of a bank by a fintech company.

11
00:00:45.295 --> 00:00:47.589
But the deal's not all done yet!

12
00:00:47.589 --> 00:00:51.426
The regulatory approval process
can take 12 to 15 months.

13
00:00:51.426 --> 00:00:56.765
Prohibition may be coming to
Maryland, not on alcohol,
but on merchant cash advances.

14
00:00:56.765 --> 00:01:00.060
Members of the state
legislature say they want to

15
00:01:00.060 --> 00:01:04.355
"prohibit" small businesses in
the state from selling their
future credit card receivables.

16
00:01:04.355 --> 00:01:07.734
Industry representatives are
expected to engage.

17
00:01:07.734 --> 00:01:09.527
But there's more!

18
00:01:09.527 --> 00:01:11.404
LoanMe rebranded

19
00:01:11.404 --> 00:01:13.364
deBanked acquired
Daily Funder

20
00:01:13.364 --> 00:01:16.534
Patreon announced it would be
offering capital to creators

21
00:01:16.534 --> 00:01:20.705
Intuit agreed to buy Credit
Karma for $7.1 Billion

22
00:01:20.705 --> 00:01:24.334
Varo got approved by the FDIC
for a bank charter.

23
00:01:24.334 --> 00:01:27.003
United Capital Source
partnered up with Brex

24
00:01:27.003 --> 00:01:30.757
And Goldman Sachs was revealed
to be in talks with Amazon to

25
00:01:30.757 --> 00:01:32.967
offer small business loans on
their marketplace.

26
00:01:32.967 --> 00:01:38.098
And that's your deBanked Fintech
February. Until next time.
I'm Allyson Berger.

27
00:01:38.098 --> 00:01:43.228
♪♪♪