Bond Street, the New York based lender, announced a $110 million investment Thursday (June 18) from a consortium of financial institutions. The debt and equity investment, led by Spark Capital and Jefferies, will help Bond Street offer loans to small businesses and entrepreneurs. Additional investors,...
Visa Europe CEO Nicholas Huss defended the case of credit cards in Europe during MoneyConf in Belfast, reports International Business Times. Huss explained that while contactless payments are indeed on the rise in Europe – with 2.4 million contactless paypoints at the moment – ultimately...
Goldman Sachs is plotting to enter the $840 billion consumer loan business by offering small loans through a website or an app as early as next year, reports The New York Times. Early reports indicated the loans may range between $15,000 to $20,000. Loans would not...
The Sex Pistols have gotten behind a credit card. This is not an extremely late April Fool’s story – though it might well be the moment that history officially calls “time of death” on punk rock. Yes, the band that famously sang “Your future dream...
MasterCard is taking its case to the British authorities that bitcoin (and its digital currency brethren) needs additional regulation. “In the current environment we feel that the risks of digital currencies outweigh the benefits,” the company wrote (in a letter digital currency website Coindesk managed to...
The wave of alternative lending options for small businesses has, without question, filled a hole in the credit markets left in the wake of the Great Recession. The old problem was that small business owners simply weren’t able to gain access to credit – and...
If one were to take to the streets and ask people what they first came to mind when hearing the word “Staples,” the vast majority would likely say something about the office supplies store with an “easy button.” What no one or almost no one would say is “small business lending.” But, if...
Koho, a Candian banking platform, closed a $1 million seed yesterday (May 28), according to a press release. This is great news for Canadian millennials, who are lucky to have a bank made just for them. Koho’s investor pool includes Joe Canavan, Ferst Capital, Hedgewood, Highline...
Facebook is adding New York and the surrounding metro area to its list of U.S. cities in which users are able to send or receive money between friends via Messenger, reports TechCrunch. The free feature was launched in March of this year and is available...