When most laymen hear the term “alternative financial services,” they immediately envision consumers (and small businesses) that are underserved by the traditional credit markets and either unable to secure credit along “mainstream” channels or unable to do so without facing a difficult or time-consuming process....
When major market retailers want to offer financing to their customers, they have a variety of options, mostly in the card product arena. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Bondholders just gave online lending a big thumbs down as they reportedly only bought in once yields on a portfolio of Prosper loans were jacked up a full five percentage points higher than a comparable offering a year ago. Is this further evidence that online...
Square is expanding Square Capital to include bank loans to small businesses that use its payments services, according to The Wall Street Journal. Different from the cash advances offered today, loans will carry a maximum term of 18 months but can be repaid sooner. These...
It was just a few months ago that FICO’s fading and inevitable fall was being widely speculated. Fair Isaac Corporation — the entity behind the FICO score — is an American institution that has existed for over 60 years. The FICO score itself has been a central part...
StreetShares, an online lender that offers loans to small businesses — many of them veteran-run — has secured another batch of funding. The company, founded by CEO Mark Rockefeller, announced that it has secured a $4.5 million Series A round but noted that the round is...
The post recession period in general — and the first half of the 2010s specifically — have at various times and in various publications been described as a “perfect storm.” A storm that the plethora of online lenders stepped in to fill. Though they come in a variety of...
Future Finance, an online lending startup specializing in student loans, secured £119 million ($170 million) in funding from investors, including QED Investors and Blackstone Strategic Opportunity Fund. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Marketplace lender Prosper launched its first mobile app, designed to provide customers with the tools to help make smarter financial decisions, the company announced on Thursday (March 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
