Post Tagged with: "lending"

Banks Return to Buying As Lending Club Records More Loss

Banks Return to Buying As Lending Club Records More Loss

by February 15, 2017 at 10:29 am 0 comments

Lending Club may be back on track with banks, but not soon enough to help its fourth quarter results. 2016 was a tumultuous year for the online lender. The company set high goals for the fourth quarter, including its determination to generate $2 billion in loans. The lender’s very narrow miss ofRead More

Kuhlmann to Head Up Banking as SoFi Transitions to ‘Neobank’

Kuhlmann to Head Up Banking as SoFi Transitions to ‘Neobank’

by February 2, 2017 at 3:50 pm 1 comment

The CEO of mobile-only banking company Zenbanx will be staying on during the company’s merge with SoFi, where he will eventually take charge of the new products offered. “I’m going to be staying on, heading up the banking products—I’m sort of staying in my existing role,” said Arkadi Kuhlmann, CEORead More

U.K. Startup Raises $6.8M for Chatbot-Powered Mortgages

U.K. Startup Raises $6.8M for Chatbot-Powered Mortgages

by January 25, 2017 at 10:03 am 0 comments

The U.K. mortgage startup Habito has raised nearly $6.79 million in a Series A Round led by Silicon Valley fintech investors Ribbit Capital, the company announced this week. Habito uses a fully automated process that allows consumers to get loans in 30 minutes. It also received money from its seed investorRead More

Top 3 Fintech Rounds:, Lemonade, MoneyLion, KKday

Top 3 Fintech Rounds:, Lemonade, MoneyLion, KKday

by December 5, 2016 at 11:07 am 0 comments

Fintech funding seems to have picked up steam this week, with home-selling platforms, online insurance carriers, personal finance apps, and e-commerce companies all getting a healthy boost of capital. This brings us to our top five fintech funding rounds of the week: Lemonade It’s the venture funding round we’ve allRead More

Goldman Sachs Posts First Consumer Ad for Marcus [VIDEO]

Goldman Sachs Posts First Consumer Ad for Marcus [VIDEO]

by November 17, 2016 at 12:50 pm 1 comment

Debt happens, guys–that’s the message from Goldman Sachs’s new consumer advertisement for its much-talked about new consumer lending arm, Marcus. It’s also Goldman’s first advertising campaign… ever. Marcus’s goal, like all consumer lending arms, is to provide consumer loans. However, most consumer lending arms are not backed by banks thatRead More

3 Startups to Watch: PeerStreet, Clarity Money, UTU

3 Startups to Watch: PeerStreet, Clarity Money, UTU

by November 16, 2016 at 12:58 pm 0 comments

One of the best things about the fintech world is the variety—it’s like a sushi bar for financial services; which is why learning about new startups is so much fun. With that in mind, here are three startups you should keep your eye on this week: PeerStreet You’re probably usedRead More

3 Startups To Watch: Tab, Smarkets, Aire

3 Startups To Watch: Tab, Smarkets, Aire

by October 5, 2016 at 4:15 pm 1 comment

Browsing new startups is so much fun—new companies pop up every day, so there’s always a chance to discover that one description of a newly funded startup’s goals that makes you say, “Why didn’t I think of that?” With that in mind, here are three startups you should keep yourRead More

BlueVine Adds Flex Credit to Unlock Small Business Credit Lines

BlueVine Adds Flex Credit to Unlock Small Business Credit Lines

by April 18, 2016 at 5:18 pm 1 comment

Amid the current slew of mortgage and lending news, the small business loan provider BlueVine is tacking its own service, dubbed Flex Credit, into the fintech wind. This allows the firm to offer lines of credit between $5,000 and $30,000, with transparent fees and pricing. A recurring problem for individualRead More

Top 5 Fintech: Silicon Valley Might Meets South Korean Finesse

Top 5 Fintech: Silicon Valley Might Meets South Korean Finesse

by April 18, 2016 at 11:19 am 0 comments

Last week we observed an upsurge in collaborations between startups and financial institutions, but this week is all startup glory. There are some old pros still doing us proud with 9-figure rounds, like Affirm, but a major Korean vital force is not far behind, in the form of e-commerce and seriously chillRead More

bittersweet symphony redux?

Can a Mobile Lending App Save Millennial Credit Ratings?

by March 16, 2016 at 12:21 pm 6 comments

Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than threeRead More