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INTERNET | Internet Software & Services / Accounting & Finance
fundera.com

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Founded Year

2013

Stage

Acquired | Acquired

Total Raised

$18.4M

Revenue

$0000 

About Fundera

Fundera is an online marketplace for small business financial solutions. The company works with prescreened lenders to assemble funding sources for small business owners and ensures borrowers receive fair terms and rates on each loan.On October 30th, 2020, Fundera was acquired by NerdWallet. Terms of the transaction were not disclosed.

Fundera Headquarter Location

123 William Street 21st Floor

New York, New York, 10038,

United States

800-386-3372

Latest Fundera News

Get your credit card points in Bitcoin: Mastercard to integrate crypto into its platforms

Oct 26, 2021

by Michelle Shen Mastercard is planning on integrating Bitcoin and other cryptocurrencies into its payments and banking platforms. Traditionally, banks give out points to customers which could be redeemed for rewards such as airline miles, hotel bookings or even Amazon purchases. Now, customers could be given cryptocurrency instead which would provide them with a digital asset that can grow (or shrink) in value. The integration means that digital wallets could be filled with cryptocurrency instead of cash, and existing airline and hotel points could be converted to Bitcoin, according to CNBC. To accomplish this crypto integration, Mastercard is partnering with Bakkt, a company created in 2018 that went public last week on the New York Stock Exchange. According to a Bakkt press release, the platform provides capabilities from "purchasing your morning cup of coffee with crypto, to converting select loyalty points to cash, to redeeming airline miles toward a new laptop, to sending cryptocurrency or gift cards to family and friends." Mastercard's move comes at a time when digital transactions using Bitcoin are booming, despite a limited number of businesses accepting the cryptocurrency. In a late 2020 estimate of the Bitcoin landscape, 328,370 bitcoin transactions go through every day, and 15,174 businesses worldwide accept bitcoin, according to Fundera, a platform for small business financing. Only around 2,300 U.S. businesses accept bitcoin, and about 13 major national companies accept bitcoin payments, says Fundera. These include Overstock, Microsoft, AT&T and Wikipedia, according to Currency Exchange International, a payments services provider in North America. Even Sotheby's began accepting Bitcoin payments for its works of art, beginning with a Banksy painting sold this past May. Mastercard's crypto integration would change thousands of participating businesses, while providing flexibility for millions of merchants and users. However, it also introduces significant risk as the price of cryptocurrency is extremely volatile and could potentially cause businesses and consumers to lose vast amounts of value. Explore further

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Research containing Fundera

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CB Insights Intelligence Analysts have mentioned Fundera in 2 CB Insights research briefs, most recently on Jun 3, 2020.

Expert Collections containing Fundera

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Fundera is included in 3 Expert Collections, including Digital Lending.

D

Digital Lending

1,148 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

S

SMB Fintech

1,499 items

F

Fintech

7,165 items

US-based companies

Fundera Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Fundera Rank

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