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
Post Tagged with: "online lenders"
Financial fraud is here to stay, unfortunately, and it comes in many different forms. Credit card fraud isn’t quite as sexy as ransomware, but it’s still a huge, money-sucking criminal enterprise, and it’s unlikely giving up that cash cow is one of the resolutions fraudsters made for the new year.Read More
The recent successes of online lenders has made them attractive to investors — and now banks are entering the fray. Small-business lender Kabbage will soon white-label its service to “a very large financial services company,” according to TechCrunch. The online lender recently secured a $270 million credit facility from Guggenheim Securities,Read More
A new Russian startup — yes, Russian — is promising microloans (or at least microloan approvals) in just 45 seconds. But it appears that Zaimionline.ru, which is now seeking more funding to go with its seed round, is going to have a tough time raising money from Western VCs because of theRead More