Lending, especially for small businesses, is an area that has been technologically stagnant for years—which is probably why at the moment it feels like it’s saturated with fintechs. But just because it’s fintech doesn’t mean it’s good, as Simple CEO Josh Reich noted recently. The burning desire to see real disruptionRead More
Post Tagged with: "small business loans"
If you look hard enough, you can find a startup for anything nowadays: you can exchange diamonds through the world’s first P2P diamond exchange, for example, buy a handbag in installments, and invest in big data companies one five-dollar micro-investment at a time, probably all without leaving your house (or even gettingRead More
Lendio has entered into a deal with Staples to make its small business loan marketplace service available through the office supply giant. Staples will announce the deal on Feb. 25 at the New York Stock Exchange, according to company information received by Bank Innovation. Public relations representatives for the companies called the news unconfirmed. The partnership,Read More
Online small business lender Lendio is asking its borrowers to dish on the dismal job of gathering documents for a loan. The survey was sent to Lendio customers yesterday. Salt Lake City-based Lendio works with banks to acquire more customers. Its system looks and acts like a personal financial managementRead More
MasterCard announced a partnership with alternative scoring startup Entrepreneurial Finance Labs (EFL) earlier this week. The deal did not involve the payments giant taking an ownership stake. EFL offers credit providers in developing markets with sophisticated tools to improve underwriting for small business loans. Co-founder and COO DJ DiDonna ofRead More