Tomas Milar

🎉 We’ve been busy making funding even better for you at Clearco! Our latest improvements are here to make your life easier. Here’s what’s new: 1️⃣ No More Duplicate Accounts 2️⃣ Easier Account Management 3️⃣ Clearer In-App Guidance Curious about the details? Check out our latest blog for the full scoop! Cheers to smoother funding! 🥂 #ecommerce #funding #entrepreneur #dtc

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🚀 Exciting times ahead in the world of fintech! Plaid has released an insightful article detailing 10 key fintech trends for 2024. From the mass adoption of fintech apps to the rise of alternative credit score methods, these trends are set to reshape personal finance and enhance financial stability for consumers everywhere. 📱💳 Highlights include: - Increased reliance on multiple fintech apps for managing finances 📊 - Emergence of new payment technologies becoming as commonplace as credit cards 💸 - Alternative credit score methods revolutionizing consumer credit 📈 Stay ahead of the curve and explore these trends to better navigate the future of finance! #FinTech #PersonalFinance #DigitalBanking #FinancialInclusion #EmergingPayments 

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New trends are constantly developing in the#FinTech space. With new developments brings more QA requirements... take a look at this article to see if you are ahead of the curve and how you can incorporate these trends into your business... #qa #fintech #finance #qualityassurance #quality #developments https://lnkd.in/ewWauq8z

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🚨 California's DFPI has revoked BlockFi's lending license due to multiple violations. 😱 This is a major shake-up in the blockchain lending space! Key takeaways: ✅ BlockFi failed to evaluate borrowers properly ✅ Charged interest before loan disbursement ✅ Didn't provide credit counseling or report to credit bureaus ✅ Inaccurate APR disclosures While a $175K fine was levied, it was waived due to BlockFi's bankruptcy. 💸 What does this mean for the industry? 🤔 It's a stark reminder that even in the decentralized world of crypto, regulatory compliance is crucial! 👉 Action Item: If you're in the crypto lending space, ensure your practices align with local regulations to avoid similar pitfalls. Let's discuss! What are your thoughts on this development? 💬 #blockchain #ethereum #smartcontracts #dappdojo #solidity #onlineeducation Read more: https://lnkd.in/esnyvfbV

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First-party data + Personalization = Ideal SMB lending But, how do we get there? Alex Johnson’s latest essay highlighted the challenges and opportunities (🔗https://lnkd.in/gMCefecx) ⚙ What’s changing: Community banks have long been the go-to for SMB loans given their unique insight into the communities they operate in. However, they lack the automation and agility to keep up with online lenders. Enter Vertical Saas companies: These companies bring the tech and speed but primarily focus on payments, leaving a gap in SMB lending. To truly serve SMBs with lending, Vertical SaaS needs to harness its strengths alongside the right tools for credit risk assessment. The strengths: 🦾 Industry Expertise: Deep understanding of specific industry needs and challenges. 🦾 Revenue Data Access: real-time payment data for accurate loan decisions​  🦾 Integrated Lending: Loans can be integrated into existing payment systems The Solution: #CashflowAnalytics Cashflow analytics complete the financial picture of the business. Pave empowers risk teams to: 🛠️  Unify open banking and accounting data  data sources into a single, real-timeview of operating expenses, financing activities, and more. 🛠️ Gain predictive insights into operating expenses and other costs based on real-time cashflows and loan tapes  🛠️ Enhance risk assessment with  Cashflow-driven  attributes and scores  The oppportunities: ✅ Proactive Offers: Quick, data-driven loan offers without lengthy applications​ ✅ Flexible Repayment: Repayments as a percentage of daily sales​  ✅ Tailored Loans: Loan amounts based on transaction history To complete the picture of the business's financial health, they can gain insight into expenses and other costs through open banking and accounting data Combining first-party data with cashflow analytics personalizes the lending experience, tailoring solutions to SMB needs. 🚀 Vertical SaaS companies like @Toast, @ServiceTitan, and @Mindbody can easily adopt Pave’s Cashflow Analytics to power SMB lending. (Chart courtesy of Matt Brown 🔗 https://lnkd.in/gMCefecx) 💳 Lending as a Service offerings from @Kanmon, @OatFi, and @Pipe can embed additional lending options into Vertical SaaS offerings such as lines of credit, invoice factoring, and more. With the combined strengths of first-party data and personalization, lenders can enable more lending and provide greater access to underserved SMBs. 🔗 Link to resources in the comments #SMB #cashflowunderwriting #verticalSaaS #cashflowdata #cashflowscore #underwriting #smallbusinesslending

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Explore our extensive #FinTech VC contact list, which includes more than 700 VC firms, 4,300 VC professionals (partners and principals), and 3,800 email addresses. Check it out https://payhip.com/b/qDJH1 #startup #startups #vc #venturecapital #investmentbanking #privateequity #managementconsulting #b2b #founders #entrepreneurs

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Explore our extensive #FinTech VC contact list, which includes more than 700 VC firms, 4,300 VC professionals (partners and principals), and 3,800 email addresses. Check it out https://payhip.com/b/qDJH1 #startup #startups #vc #venturecapital #investmentbanking #privateequity #managementconsulting #b2b #founders #entrepreneurs

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City of Quincy Makes History with Blockchain Bond Issuance 🌟🏛️ The City of Quincy in Massachusetts has issued a $10 million tax-exempt bond using blockchain technology, marking a significant milestone in the US public sector's adoption of innovative fintech solutions. 💰🔗 ✨Key Highlights: • Innovative Technology: Quincy leveraged JP Morgan’s Digital Debt Service on the Onyx Digital Assets platform for this blockchain bond issuance. 💡🔧 • Global Firsts: Quincy joins global cities like Lugano, Hong Kong, and the Philippines in adopting blockchain for public financing. 🌍🏙️ • Smooth Execution: Quincy’s CFO, Eric Mason, reported the process went smoothly and was on par with traditional issuances, highlighting the efficiency and potential of blockchain technology. ✔️🚀 The City of Quincy's mayor, Tom Koch, emphasized the importance of utilizing emerging technologies to create greater financial participation and better economic outcomes for the city's constituents. The blockchain bond issuance was seen as a natural next step in the city's efforts to democratize the bond market. 📈🤝 At Provenance, we understand the critical role of compliance in such pioneering initiatives. Specializing in virtual asset compliance, we provide expert guidance on regulatory risks, including AML, CFT, CPF, and TFS. Our tailored compliance solutions, built upon insights from the digital assets industry, risk-based approaches, and risk management best practices, ensure that. 🔍📋 Read more about Quincy’s groundbreaking blockchain bond issuance: https://lnkd.in/egyt3mxx Let's continue to push the boundaries of fintech and drive innovation in the public sector! 🌐🚀 #blockchain #municipalbond #fintech #innovation #compliance #regulatorysupport #publicsector #democratization

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How do you see crypto transforming your daily transactions? Venkat Mandava, SVET Svitlo, Graham Bignell, Sang Lee, Ethan Chankowsky, Ed Prado, Arjun Thyagarajan, Kevin Lehtiniitty, Elias Fernandez Sanchez, Susmit Lavania, Conward Swift, Simone Mazzuc BRLA Digital, a frontrunner in cross-border payments and crypto infrastructure, is on a roll after securing further investment from 99 Capital. This boosts their pre-seed funding to a whopping R$ 4 million. Here's the breakdown: 1. Strategic Investments: Backed by Dave Wang of 99 Capital and big names from the crypto world. 2. Crypto Innovation: Their homegrown stablecoin, $BRLA, brings efficiency to financial transactions. 3. Growing Influence: With over 30 potential clients by end of 2024, they're setting the pace in the fintech realm. https://lnkd.in/dw--F8Wz #CryptoInfrastructure #FintechInnovation #CrossBorderPayments

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Setpoint raises $31m in funding to transform credit management systems The round was led by 645 Ventures, featuring substantial strategic investments from major players such as Citi and Wells Fargo, with participation from Andreessen Horowitz, NextView Ventures, Floating Point, and several other notable investors including Zillow founder’s 75 & Sunny, Vesta Ventures, Fifth Wall, Eltura Ventures, and Outrunner Capital. This new injection of capital increases Setpoint’s total funding to $76m, consolidating its position as the technology partner of choice for global financial institutions and capital users. The company is renowned for its revolutionary approach to automating debt facility management, which has quickly set a new industry standard. Setpoint’s software solutions transform the outdated systems that have long governed credit facilities, introducing error-free, streamlined operations that meet a vital market need. Since its previous funding round led by Andreessen Horowitz, Setpoint has recorded impressive milestones, such as achieving a six-fold increase in year-over-year revenue. It has also expanded its client list with major names like GreenSky, Carvana, Fundbox, Nomura, Capchase, Kyte, Archwest, and Pathway among others. The core of many critical financial transactions, from home purchases to small business loans, relies on an intricate network of trust and credit. Traditional management methods involving emails, Excel spreadsheets, and FTP folders are not only outdated but prone to errors and inefficiencies that hinder growth and increase the costs associated with lending and borrowing. Setpoint is on a mission to overhaul these archaic systems with its innovative software. The Asset OS and Capital OS platforms digitize, organize, and verify data to create a real-time source of truth for assets. These platforms automate funding flows and compliance, setting a new benchmark for speed, accuracy, and ease in credit transactions. Designed for scalability, Setpoint enables borrowers and lenders to effortlessly manage complex financial arrangements, such as forward flows, senior and subordinate warehouse financing, and both public and private securitizations. The funds from this round will be directed towards research and development, particularly in expanding Setpoint’s engineering and data science teams. By integrating machine learning and large language models (LLMs), the company aims to further enhance the verification of asset data and calculations, spearheading more innovations in the credit infrastructure sector.

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Equitybee, a fintech company and a startup employee stock options funding platform, launched the Venture Portfolio Fund, providing private investors with access to high-growth, venture capital-backed startups through an index-like fund. VPF allows for strategic diversification of 120+ pre-IPO U.S. companies across industry verticals and technologies. Equitybee Oren Barzilai #Equitybee #alternativeinvestments #VenturePortfolioFund #VPF #RIA #registeredinvestmentadviser #startup #tech #AI #aerospace #diversification

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The fintechs we work with realize their internal resources are best spent on their client facing platform and feature set. They leverage Kooltra to power their back office. You don't need to build it yourself. Get to market faster, stay compliant, and maintain focus on your core business. Bonus? You can leverage our APIs to seamlessly connect and customize the product to fit your unique needs. Ready to get started? Book a call with Adam Katz or Will Cowland today. #fx #forex #fintech

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