Marketplace lenders are getting together — well, three of them, anyway. Marketplace lenders Funding Circle, Lending Club and Prosper announced Wednesday the formation of the Marketplace Lending Association, a nonprofit organization that will “promote responsible business practices and sound public policy to benefit borrowers and investors.” It’s a move likely influenced by theRead More
Post Tagged with: "Ldger"
Social Finance CEO Mike Cagney always does things a bit differently. The alternative lender, commonly known as SoFi, began in student loan refinancing but quickly expanded to other arenas, such as mortgages and personal loans, It announced yesterday it was launching a hedge fund to invest in its own loans. SoFi typically does notRead More
It was but one of 70 demos, but it said something more profound than all the offerings at last week’s FinovateFall in New York. The demo was from Ldger. You are forgiven if you didn’t notice it after seeing the few dozen other demos before Ldger’s founders finally made it to the stage.Read More