Robinhood is currently undergoing a new fundraising deal that values the company at approximately $1.3 billion with investment from DST Global; the undisclosed funding will add to previously raised capital of $66 million; the firm offers commission free trading on US stocks and has also launched a premium Robinhood Gold option for faster money transfers and margin trading. Source
Lend Academy discusses the changes to the home equity line of credit tax interest deduction with the new tax law and how it may affect unsecured lenders. Source
Morgan Stanley has upgraded Lending Club's stock to overweight; the stock closed at $4.81 on Tuesday, November 2; analyst, James Faucette, notes the company's new executive leadership and positive capital growth potential for 2017; says the stock could increase to $17; company reports earnings on Monday. Source
Fidelity has launched a new data sharing hub called Akoya in a bid to end screen scraping and clarify data...
Approved has raised $1 million in pre-seed funding and announced its launch; Approved provides lenders with a solution for moving their lending operations online; the platform technology provides for increased transparency and faster processing times; the company will target established originators seeking to modernize their lending businesses. Source
The suicide of a 20 year old who was using the popular trading app Robinhood has set off alarm bells...
Millions of people have lost their jobs in the past two weeks which is having a tremendous impact on our...
Mastercard is the latest company to be added to OnStar Go, a cognitive mobility platform where drivers can browse stores and restaurants and purchase directly on their dashboard; get gas and pay for it without getting out of the car; after its launch in July, Masterpass is currently available in 33 markets, with plans to expand into 36 by the end of this year; the new dashboard will be deployed across two GM vehicles in the US by 2017; "The global momentum we're achieving with banks, merchants and consumers is proof-positive of our efforts to create simple and secure digital payment experiences anywhere consumers want to shop," said James Anderson, Executive Vice President of Digital Payment Products at Mastercard. Source
Every year we provide the information that retail investors who buy notes at LendingClub or Prosper need for filing their...
When the Consumer Financial Protection Bureau (CFPB) first proposed the concept of a regulatory sandbox back in September last year...