Fintech

When bicycle purchases surged during the pandemic as people flocked to new outdoor activities, many bike dealers were frustrated by strained supply chains and tight access to capital.

Transit and parking draw new users to mobile wallets, and Google is expanding both features to add use cases for its payment app.

The uncertainty and changeable environment requires lots of options, says Ivalua's Arnaud Malarde.

Unsecured personal lending has fallen as many consumers have stashed away cash and paid down credit card balances during the pandemic. The trend probably won’t reverse course anytime soon.

The company has agreed to pay $32 million for a bank with six branches and $256 million of assets.

Japan has long been known for its heavy use of cash, which is a burden for banks that are trying to move more services online. Maintaining ATMs alone costs about 700 billion yen ($6.6 billion) annually and another 100 billion yen is spent handling cash at branch counters, Nomura Research Institute estimates.

The Houston-based lender is working with financial advisers to solicit interest from potential buyers, according to people familiar with the matter.

Marqeta reached a $4 billion valuation over the last decade focusing only on prepaid and debit card issuing, and now it’s retooled its digital platform to issue credit cards, too.

Acquiring AmeriHome would provide the fee revenue the Phoenix company seeks to compensate for low interest rates and tepid commercial loan demand. The deal also would allow it to reinvest billions of dollars of excess liquidity.

I2c and Unifimoney change incentives to fit market conditions, rather than focusing primarily on boosting consumer spending.