Happy State Bank in Texas started using digital tools in a bigger way starting in October when they partnered with...
Indonesia based ride-hailing startup Gojek has branched out beyond their core business into food delivery, logistics and digital payments; the...
In his interview with AltFi, Laplanche reflects on his experience at LendingClub and how that has helped him shape his...
Prosper has announced it will be increasing rates on its high-quality loans and lowering the rate on its HR rated loans; as of March 2 rates will increase on loans rated AA, A and B with an increase of 60 bps, 50 bps and 20 bps respectively; interest rates on HR rated loans will decrease by 10 bps. Source
Kabbage’s latest product offering is available for Kabbage Payments customers; loans are available for as short as 3 days and...
Renaud Laplanche has announced the launch of a new online consumer lending platform called Upgrade; the firm's investors include Apoletto, CreditEase, FirstMark Capital, Noah Holdings, Ribbit Capital, Sands Capital Ventures, Silicon Valley Bank, Union Square Ventures, Uprising and Vy Capital; the firm will partner with WebBank for loan originations and plans to sell its loans to institutional investors; it is working with Jefferies on its capital markets strategy and a loan securitization program; the firm also has plans to use blockchain for data management and transactions. Source
Google will offer a full suite of mobile banking services through new partnerships announced today with eight US-based banks; this...
The tech focused small business lender, Kabbage, has announcement the acquisition of Orchard, the leading loan analytics provider in the...
Online lending alternative credit data solutions provider Clarity Services has announced the release of Temporary Account Record, a solution for mitigating loan stacking; primarily focused on providing alternative credit data for the online lending market, the firm also began developing Temporary Account Record in 2013 to address the issue of loan stacking fraud; Temporary Account Record will complement the firm's data services by providing increased transparency on current loans and pending loan transactions. Source
Lighter Capital provides funding for growing businesses with a revenue-based financing model; their borrowers repay the loans out of future...