After a strong debut on the public markets at $14 per share in its Initial Public Offering (IPO), LendingClub has taken investors on something of a wild ride though the ups and downs of marketplace lending. Today, as the market waits for its Q1 earnings report,...
Ripio has had more than one name in its evolution as a firm – but only a single goal. Originally known as BitPagos at launch, and then rebranding to Ripio in advance of its late 2017 ICO – the Argentina-based firm wants to use the blockchain...
No one gets excited about paying bills. Which, according to SVP of Consumer Channels and General Manager Richard Kang at Handle Financial, is why when it comes to financial services, bill pay doesn’t get a lot of love from innovators. “I feel there is little...
Marketplace lending platforms — Lending Club, OnDeck, Prosper and the like — have inarguably and fundamentally altered the geography of the lending landscape. In the last decade, they’ve gone from being a niche product to representing about a third of unsecured consumer loan volume in...
The financial crisis that rolled through the economic landscape a decade ago was — among many things — a financial reset button. Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously...
Debt collectors are historically an unpopular group of people. Even the Bible has shade to throw their way. (Debt collectors, Biblically speaking, share a category with adulterers, swindlers and the unjust.) Part of that is the nature of the beast. Spending money is a good deal...
Despite the nearly continuous drumbeat of doom and gloom from the world of physical retail, there is, according to Affirm CRO Rob Pfeifer, something of a curious side phenomenon unfolding at the same time: Online brands – famous and famously successful online brands – are branching out...
Millennials, we have long been assured, were never, ever going to buy houses. Some hypothesized that the lingering memory of the Great Recession’s origins in profligate mortgage underwriting would scare them away forever. Others pushed a theory that the supersized costs of college combined with the stagnant...
There are aggregators for just about everything these days, and loans of all types. Now we can add car leasing to the list. According to the latest trends report from Edmunds, auto leasing has enjoyed a huge spike in popularity over the last six to seven years, with...