Banking tech provider Amount is acquiring small business and account origination platform Linear Financial Technologies for an undisclosed amount, the companies announced on Tuesday (Feb. 1). Linear’s suite of solutions serves as a complement to Amount’s retail banking and buy now pay later (BNPL) solutions...
The small business lending arena saw a flash of innovation towards the latter end of the aughts, fueled by a pullback from big bank lenders in the wake of the financial crisis. The B2B FinTech boom led to a wave of both competition and collaboration,...
Enova International struck a deal to combine its ODX operation with origination solutions company Fundation. Enova will keep a minority share in the new combined company, according to a Thursday (Feb. 25) announcement. “This transaction creates the largest independent SaaS provider to banks for small...
June 20, 2022
During the mad scramble of 2020 into 2021, “going digital” for small- to medium-sized businesses (SMBs) might have meant just bringing in a mobile point of sale (POS), or possibly something more complex. There is no one way, no boilerplate — and that makes lending to SMBs problematic. Legacy banking wasn’t built around making it […]
February 01, 2022
Banking tech provider Amount is acquiring small business and account origination platform Linear Financial Technologies for an undisclosed amount, the companies announced on Tuesday (Feb. 1). Linear’s suite of solutions serves as a complement to Amount’s retail banking and buy now pay later (BNPL) solutions for consumer lending. Linear’s platform makes the borrowing and account […]
