Post Tagged with: "SoFi"

Amazon, Wells Fargo End Their Summer Fling

Amazon, Wells Fargo End Their Summer Fling

by September 9, 2016 at 6:15 am 0 comments

Ah, it was just a summer fling. Amazon and Wells Fargo gave an unceremonious kiss-off to their student loan hookup this week, which would give Amazon Student Prime subscribers a 0.5% discount on student loans from the San Francisco-based financial behemoth. No one knows why the pair went their separateRead More

Uno Wants to Own the Digital Mortgage Space Down Under

Uno Wants to Own the Digital Mortgage Space Down Under

by August 17, 2016 at 1:21 pm 1 comment

The process of getting a mortgage in Australia is different than in the U.S. But it still sucks, and new early-stage fintech company Uno is out to change that. No one knows how painful the mortgage process can be better than Uno CEO Vincent Turner, who spent years building software for mortgageRead More

Why the Reputation Economy Is Central to Fintech

Why the Reputation Economy Is Central to Fintech

by August 12, 2016 at 3:00 am 3 comments

Photo by Denis Dervisevic In a two part series, we delve into the reputation economy and its impacts on small business finance and banking. In today’s first post we explore the basic concepts and thinking behind the reputation economy and its growing relevance in B2B and B2C transactions. If you’ve ever beenRead More

Lenny Includes Personal Finance Services in Lending App

Lenny Includes Personal Finance Services in Lending App

by June 6, 2016 at 10:55 am 2 comments

Two months in, Lenny – millennial-focused mobile lending app – is ready to hit the market with new budgeting and billpay products. Launched mid-March, Lenny’s goal is to help millennials build credit scores while still in school, with loans up to $10,000 and 0% interest (if paid on time). So far,Read More

Is Alternative Lending Terminally Ill?

Is Alternative Lending Terminally Ill?

by May 24, 2016 at 1:31 pm 3 comments

Tremors are running through the alternative lending space. Prosper raised rates, cut staff, and saw a chilly reception from investors for its latest securitization. OnDeck saw shares slide to 30% of their IPO value. Avant called off several new product launches and also cut staff. Perhaps most ominously, Lending Club CEO Renaud Laplanche suddenly stepped down whenRead More

Searching for the Priceline of Fintech after Lending Market Meltdown Week

Searching for the Priceline of Fintech after Lending Market Meltdown Week

by May 16, 2016 at 2:00 am 1 comment

You could have bought Priceline stock below $10 in 2001. For many years you had little to show for it. From then until 2008, you had some appreciation, but not much. Then the stock shot up above $1,000 (as of writing it is $1,261). Yes that is 100x return fromRead More

Who’ll Help Small Businesses Get Credit-score ‘Fit’?

Who’ll Help Small Businesses Get Credit-score ‘Fit’?

by April 27, 2016 at 3:00 am 0 comments

As consumers, many of us are in the dark about our personal credit score. Sure, we can probably find it out, but how many of us would know, off the top of our heads, where on earth to start? And it’s not just consumers that need to take a moreRead More

Alt. Lender SoFi Takes On Investor Shortage with Hedge Fund Launch

Alt. Lender SoFi Takes On Investor Shortage with Hedge Fund Launch

by March 9, 2016 at 4:22 pm 1 comment

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

Asian Fintech Deal Sizes Dwarfed Those of U.S. in 2015

Asian Fintech Deal Sizes Dwarfed Those of U.S. in 2015

by March 9, 2016 at 2:13 pm 0 comments

Asian fintech deal sizes dwarfed U.S. deal sizes in 2015, a new report from KPMG and CB Insights shows. Global fintech funding skyrocketed in 2014 and 2015, but tapered off in the fourth quarter of 2015, with the implication that 2016 won’t be so sweet, according to the report. But yesterday’s AntRead More

The Call for ‘Trust’ in Fintech Startups

The Call for ‘Trust’ in Fintech Startups

by March 4, 2016 at 10:45 am 0 comments

SEATTLE — The Silicon Valley model for its startups is well-known. Heck, there’s a Wikipedia for it. It centers on a simple principle: build a business that scales, no matter the initial profitability. And then scale it like mad. Or, in technical terms, build a business that has the potentialRead More