Self Lender Founder James Garvey never thought he would go into financial services, and certainly never thought financial inclusion would become a personal passion. As a software engineer by training, his area of expertise was online direct marketing. Then he decided to go to Argentina with...
In 2015, news outlets ran articles about the “gold mine” of venture capital investments in the alternative finance sector. The industry indeed proved to be lucrative for FinTechs, with alternative lending often landing at the top of venture capital investment reports with giants like Kabbage, OnDeck...
KPMG, an advisory and audit company, has released numbers that say Australia has a 32 percent share of the APAC alternative finance market, according to reports. The market has grown 88 percent year over year and it’s worth a total of $1 billion, the company...
Much has been written about the student loan crisis in the U.S. There are now 44 million borrowers who collectively own $1.5 trillion in debt, making it the second-highest consumer debt category behind mortgage loans. Those who entered college in 2017 can expect to borrow nearly $29,000 on average,...
PayPal said on Wednesday (March 6) that it has provided more than £1 billion in financing to small businesses in the United Kingdom through its Working Capital program. As has been reported, the company’s capital lending program lets companies receive cash advances against future revenues....
The family vacation to Disney World. The trip to a best friend’s destination wedding. The retired couple’s once-in-a-lifetime bucket list getaway. There are all kinds of reasons that consumers want or need to travel. And while the motivations for hitting the road can vary, there...
As we learned last week, purchase financing for Walmart customers is changing. In fact, the change has already begun and will continue to roll out over the next several weeks. Going forward on both Walmart’s website and at nearly all of Walmart’s physical locations nationwide, customers will be...
Traditional credit-scoring models have not had it easy in the court of public opinion over the last few years. The complaints vary in their specifics, but all revolve around a basic premise: The old credit-scoring models are too backward-looking in a world where real-time data is...
Starting a business in the United States requires being courageous, someone who embraces the idea of success as a long shot. In fact, to be a successful entrepreneur, it is probably best to be the sort of person who ignores the odds entirely. That’s because...