Post Tagged with: "Elevate"

Alternative Lending Is in Trouble? No One Told Elevate

Alternative Lending Is in Trouble? No One Told Elevate

by September 27, 2016 at 2:09 pm 0 comments

It’s been a brutal year for the alternative lending industry. Scandals, staff cuts, rate hikes, and recently a Lending Club investment posted its first negative return in five years this August. (LendUp also got hit with a $6.3 million fine by the CFPB shortly after this article went to press.) ButRead More

Is Online Lending Ignoring Big Data Risks?

Is Online Lending Ignoring Big Data Risks?

by March 28, 2016 at 10:41 am 0 comments

Elevate Credit Inc., which is pining to get to an IPO, today announced that it hired a new chief information officer. Joan Kuehl, who is the online lender’s first CIO, has extensive experience, having worked at Travelers and Bank of America — so it deserves notice when her first pronouncementsRead More

Loan Volume at Elevate, Alt-Subprime Startup, Hits $442 Million

Loan Volume at Elevate, Alt-Subprime Startup, Hits $442 Million

by February 10, 2015 at 12:30 pm 0 comments

Welcome to the newest innovation sector: alternative subprime lending. Fort Worth, Texas-based Elevate appears to be leading the charge in this new sector, announcing today that its total loan originations has hit $442 million. Elevate launched in 2014 and offers three products: RISE, a personal loan, Elastic, a paycheck advance, andRead More