France-based Lendix has secured a $13.5 million investment in its Series B funding round, led by CNP Assurances, it announced Tuesday (April 26). The company said its new capital will be used towards an expansion into Spain and Italy, as well as increasing its range...
Fans of television – or more accurately, fans of television tropes are probably familiar with the concept of “The Berserk Button.” The Berserk Button in a television show — or really anywhere in fiction — is whatever trigger one can trip or red flag one...
Just when it seems easy to think that every application on Earth is being optimized to sell consumers something, a maverick comes along and goes in a very opposite direction. Ally Financial is testing an app called “Splurge Alert,” which is targeted at helping consumers...
The online lending marketplace has been hitting some speed bumps as of late. The key problems, according to Reuters, are the skittishness of hedge funds and, of course, market volatility. That’s a big change from the previous mindset governing the industry, where investor capital was easy to come...
According to reports by The Wall Street Journal, Affirm — the FinTech startup fronted by Max Levchin — has picked up a fat $100 million in Series D funding. The round was reportedly led by Founders Fund. That means the alternative lending startup, which helps business...
With a $9 million funding round led by Valar Ventures — the investment firm perhaps most notable for the presence of Peter Thiel — Even is forging ahead with its financial services model geared toward lower incomes in the United States. As reported by Fortune, the company...
As the wave of FinTech lenders who stepped into the markets after the financial crisis pushed much of their mainstream banking competition out of the game are coming into a new era with rising interest rates and falling investor demand, their strategic approach to that...
One of the leading alternative providers of capital to small businesses, CAN Capital, announced on Thursday (April 7) that it has provided access to more than $6 billion of working capital to small businesses. The company said it has helped over 70,000 small business owners...
On the logic that everything is easier when taken on with a team, the big names in marketplace lending are joining forces and forming their own nonprofit trade association. The CEOs of Funding Circle, Lending Club and Prosper have announced the launch of the Marketplace...