Alternative Credit

Alternative Credit
Funding Circle Raises $100M In VC Despite Brexit
January 13, 2017

The biggest online lender for small businesses in the U.K., Funding Circle, announced that it secured $100 million in equity funding. The news comes at a time when many British peer-to-peer lenders have been concerned about the future of their businesses since the U.K.’s decision...

Alternative Credit
The Power Of POS Financing
January 13, 2017

For those who eat, breathe and sleep payments and commerce, talking about various retail channels makes all the sense in the world. But for those who aren’t payments peeps or retail groupies — those who are just regular day-to-day consumers — those channel-based distinctions are just not...

Alternative Credit
Indian Alt Lending Backed By Goldman, KKR
December 27, 2016

Foreign financiers that fall outside the traditional banking system are pushing the growth of nonbank lending in India. According to the Wall Street Journal, the country is seeing a surge in alternative lending from global players such as KKR and Goldman Sachs. While the amount...

Alternative Credit
What We Learned About Alternative Finance In 2016
December 27, 2016

As often happens, the world we leave behind going out of 2016 is very different than the world we imagined 2016 would be going in. There are, of course, a variety of ways to document that. A year ago today, you had never heard the...

Alternative Credit
How Blinker Wants To Disrupt Car Sales
December 20, 2016

The problem, according to Rod Buscher, CEO and founder of Blinker, is that most Americans need a car — meaning they often don’t feel they have a lot of power to dictate terms when it comes to getting a car. “Despite the mental image I think...

Alternative Credit
The Millennials Are Coming (To Get A Mortgage)
December 13, 2016

Millennials just aren’t buying homes — they are the first generation of Americans since World War II who will meaningfully move away from that vision of the American Dream. Millennial homeownership rates — for those 75.4 million or so young adults between the ages of 19...

Alternative Credit
European Lender Twino First To Sell Russian Loans
December 05, 2016

Latvian online marketplace lender Twino announced on Thursday (Dec. 1) that it will soon list Russian subprime loans on the company website. This marks the first time in history a peer-to-peer lending facilitator in Europe has listed Russian loans. Twino was founded in 2009 and...

Alternative Credit
Auto Lenders’ Subprime Delinquencies Climb
December 01, 2016

The Federal Reserve Bank of New York is not quite sounding the alarm bell for auto lenders, but they are certainly trying to draw some attention to the issue. Subprime borrowers, it seems, are having a tough time keeping up with their monthly auto payments, as...

Alternative Credit
CAN Capital Puts CEO On Leave
December 01, 2016

CAN Capital, the small business online lender, has put its CEO on leave. According to a report by American Banker, CEO Daniel DeMeo has been put on a leave of absence, and Parris Sanz, CAN’s chief legal officer, is the interim CEO. Ritesh Gupta, previously the chief...