Post Tagged with: "Kabbage"

Borrowers Love Nonbank Lenders — But Still Want Banks in Their Lives

Borrowers Love Nonbank Lenders — But Still Want Banks in Their Lives

by October 27, 2016 at 12:50 pm 1 comment

Americans are quite happy to look at nonbank lenders for their borrowing needs, but that doesn’t necessarily mean they distrust banks. A recent J.D. Power survey of small business owners released some startling figures — startling to banks, that is. Most borrowers, specifically small-business borrowers, consider nonbank lending options for their financingRead More

Investors on the fintech lending crash diet

Investors on the fintech lending crash diet

by May 18, 2016 at 4:13 am 1 comment

  In the US alone, the unfulfilled small business lending market was estimated to have reached $96.5 billion in Q4 of 2015. That’s a lot of lending mouths going hungry, but also a big pie up for grabs by those smart enough to work out how to actually lend toRead More

Searching for the Priceline of Fintech after Lending Market Meltdown Week

Searching for the Priceline of Fintech after Lending Market Meltdown Week

by May 16, 2016 at 2:00 am 1 comment

You could have bought Priceline stock below $10 in 2001. For many years you had little to show for it. From then until 2008, you had some appreciation, but not much. Then the stock shot up above $1,000 (as of writing it is $1,261). Yes that is 100x return fromRead More

Yet Another Association for Marketplace Lending Launches

Yet Another Association for Marketplace Lending Launches

by May 6, 2016 at 10:50 am 3 comments

That’s what the industry needs: competing marketplace lending associations. Today, the three big names in marketplace lending (for now — more on that below) that were not in the just-launched Marketplace Lending Association have formed the Innovative Lending Platform Association. This is Funding Circle, Lending Club and Prosper Marketplace of the Marketplace LendingRead More

Kabbage Scores Another European Bank with Santander UK Deal

Kabbage Scores Another European Bank with Santander UK Deal

by April 5, 2016 at 12:19 pm 2 comments

Atlanta-based small business lender Kabbage is snapping up bank deals in Europe. Yesterday, the company announced it had reached an agreement with Santander UK to serve the bank’s SME customers. This follows a similar deal with ING in Spain last October. “Kabbage’s business growth throughout Europe, the Middle East and Africa has been exponentialRead More

Online Lenders Kabbage and Funding Circle Head to Europe

Online Lenders Kabbage and Funding Circle Head to Europe

by October 22, 2015 at 11:52 am 0 comments

Funding Circle and Kabbage, both alternative lenders for small businesses, are heading across the pond. Marketplace lender Funding Circle, which began in the U.K. in 2010 before moving to the U.S. in 2013, is expanding to continental Europe with the acquisition of Berlin-based Zencap, announced Oct. 20. This fits Funding Circle’s growth strategyRead More

Top 5 FinTech Rounds: Marketplace Lenders Keep Piling Up Capital

Top 5 FinTech Rounds: Marketplace Lenders Keep Piling Up Capital

by July 27, 2015 at 12:27 pm 2 comments

Marketplace lenders dominated the FinTech venture capital rounds last week. Money has been pouring into the space as investors hunt desperately for returns. American companies continued their resurgence in the Top 5, with three companies based in New York, California, and Georgia garnering money.   LiftForward, Inc., $250 Million – LiftForward operates aRead More

Purge the Word ‘Frictionless’ from Banking

Purge the Word ‘Frictionless’ from Banking

by May 13, 2015 at 8:59 am 3 comments

SAN JOSE, Calif. — It’s time to relegate the phrase ‘frictionless’ to the FinTech trashbin. It will join words such as “omnichannel,” “disruption,” and “mobilefirst” in exile. All were used so often that they lost all meaning and just plain got on everyone’s nerves. Removing friction from financial services — with orRead More

Average Pay for Fintech Software Engineers Tops $100k

Average Pay for Fintech Software Engineers Tops $100k

by April 9, 2015 at 9:56 am 1 comment

The average salary for a fintech software engineer is now more than $100,000, according to a Bank Innovation analysis. The exact average salary for a software engineer — a bread-and-butter position for a technology startup — is $100,188. With all the talk of an “overheating” fintech venture capital market, keeping an eyeRead More

OnDeck IPO puts focus on Customer Acquisition Costs

OnDeck IPO puts focus on Customer Acquisition Costs

by November 24, 2014 at 1:13 am 1 comment

Alternative Credit is scaling fast today, with ventures headed to IPO. OnDeck will be the first out of the gate. It is likely that Lending Club, Kabbage and Prosper will follow. This will give OnDeck a tremendous branding opportunity. It will also put OnDeck under intense scrutiny. The weakness in the Alternative Credit model is […]