The reality is that most fintech companies today in the US are private. We often learn of key milestones through...
There has been a lull in US based fintech IPOs over the past several years. Both LendingClub and OnDeck went...
One of the quiet achievers in fintech is a company called GreenSky. They have flown under the radar for years...
Most people know loanDepot as one of the largest non-bank lenders. It was almost a year ago now that we...
GreenSky, the point of sale lender went public today, raising $874 million; the company is profitable, has high margins and...
GreenSky’s IPO could price as soon as Wednesday and may pave the way for other fintech IPOs going forward; the...
The latest fintech IPO is likely to be GreenSky which focuses on point of sale finance. Source
Recent research shows that younger consumers are uncomfortable with carrying credit card balances; consumers are more comfortable with products like personal loans that are more transparent and easier to understand; there has been an increased interest in point of sale financing; one company driving this trend is GreenSky which partners with banks to fund loans; the proportion of consumer loans going to point of sale financing has increased significantly at banks that partner with GreenSky including Regions, Synovus and Fifth Third. Source
In PeerIQ’s Weekly Industry Update they cover job growth numbers, the Fed’s planned rate rises and more fintech related stories that ended 2017; OneMain Financial received backing from Apollo Global Management and Värde Partners; GreenSky and MoneyLion completed fundraising’s; new regulation news coming out of Indiana that would cap the personal loan interest rates. Source.