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Live Insurance News | January 17, 2020

The insurers have announced they will be launching the products in several U.S. markets. Cigna and Oscar Health have announced their intentions to launch small business health plans across a number of commercial markets in the United States. The partnership intends to move forward with the move together, letting them split the potential risk. Oscar is an insurance company best known for selling individual plans on the Affordable Care Act’s exchanges. The company has been seeking to broaden...

Enova International, Inc | October 13, 2020

Enova International (NYSE: ENVA), a leading financial technology and analytics company offering consumer and small business loans and financing, today announced it has completed the acquisition of On Deck Capital, Inc. (NYSE: ONDK), a leader in online lending for small business, for $1.89 per share, or approximately $122 million. The acquisition creates a company with significant scale and diverse product offerings in consumer and small business market segments with combined originations of near...

Business Wire | February 20, 2020

Fifth Third Bank, National Association, announced today that it is making it easier for small business owners to apply for loans and lines of credit.* Fifth Third Fast CapitalTM will offer a simple application and, in most cases, approvals will be made within minutes. Funding is available to customers in as little as one business day. Collaborating with Fundation to offer Fifth Third Fast Capital’s expanded services to small businesses is another example of Fifth Third’s digital inno...

BUSINESS STRATEGY

ONETEAM CAPITAL, LINEAR | May 28, 2021

OneTeam Capital announced today that it had established a partnership with Linear Financial Technologies to provide working capital solutions to small businesses in the United States. "This is a fascinating development." Linear is the market leader in providing small business banks and other financial institutions with technology, operational, and analytical solutions. We are fortunate to be able to leverage their platform and expertise to expand our footprint in this im...