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
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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
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
Affirm Inc., the POS lender, closed a $275 million round today, which coincides with climbing traffic. The site is now hosting around 80,000 unique visitors a month. SimilarWeb.com estimates that Affirm.com is getting around 250,000 visitors per month now. By comparison, PayPal.com, the site Affirm’s founder, Max Levchin, helped launch,Read More
MyLendingTree, LendingTree’s play to create an online home for a borrowers’ credit, has entered the final stages of development. Doug Lebda, the founder and chief executive of LendingTree, said the kinks would iron out of MyLendingTree within the next couple of months, finalizing an application that the company views as centralRead More
A list of the “50 Best FinTech Innovators” that has been making the rounds as the year winds down is dominated by alternative lenders. The list, assembled by Sydney-based investment firm Australasian Wealth Investments (AWI), has seen heavy sharing on Twitter among FinTech enthusiasts. Nine of the Top 20 companies are alternative lenders.Read More
It’s hard to get millennials to open bank accounts. What do they need bank accounts for with all the great prepaid cards and other options out there? Boston-based First Trade Union Bank, already known for working with LevelUp on its payments app, is now partnering with SmarterBucks to produce a debit card that helps pay down student loans.
Intoo is a listing startup that provides information on small businesses to potential lenders. Intoo, based in Brazil, was introduced to a U.S. audience at the Innotribe Startup Showcase in New York last week. The company is focused on getting loans to small businesses in Brazil. The Brazilian small and mediumRead More
Simple, the banking startup, appears to be planning to launch lending products. Josh Reich, CEO of Simple, and Shamir Karkal, the company’s CFO, took to Twitter yesterday to discuss the difficulties in getting a bank charter, a struggle they know well. During the course of the discussion, Reich dropped a tantalizing hint aboutRead More
Payment network Dwolla has moved into the lending space with a new platform, Dwolla Credit. The Des Moines, Iowa-based company has partnered with Alliance Data Retail Services to offer the service, which costs the same as Dwolla’s payment service: $0.25 for purchases $10 and more, and free for purchases underRead More