In a filing Monday, Prosper has reported net losses for 2016 that have more than quadrupled — yet another sign that marketplace lending has a lot of rebuilding to do in 2017. All in all, Prosper logged an annual loss of $118.7 million, up from...
A year ago, the future of short-term, small-dollar loans in the U.S. — better known colloquially as payday loans — was rather grim. The CFPB was a few weeks away from releasing new draft regulations, and the money was on regs that would by and large neuter the industry. When the...
Financial services tech firm Vyze is announcing today that Zibby will be joining its lending platform — meaning going forward, Zibby lease payment option will be one retailers using Vyze can offer to their customers at the point of sale. Vyze looks to make POS...
Akouba, the Chicago startup, has been endorsed by the American Bankers Association (ABA) as a technology provider to help its members offer online lending to small businesses. According to a report by Reuters, in January, the ABA, the trade group for banks in the U.S., held...
The year 2016 was not exactly a banner year for the alternative lending segment as many firms saw their business models crater and investors look for better things to do with their money. BlueVine begs to differ — 2016 was, by all accounts, a pretty...
Among the biggest challenges to doing something new — particularly in retail — is overcoming the mountain known as “what has already been done.” Because whatever it is that is already being done has a lot going for it — the merchant is used to...
Vyze, a cloud-based financial technology company for retailers and manufacturers, announced Wednesday (Jan. 25) that it continues to grow its financing platform that provides consumers with access to capital. In a press release, Vyze said that, as of Jan. 2017, its platform has connected hundreds of...
The now-sitting Trump administration has made no secret that it is no fan of the Dodd-Frank legislation that enables the Consumer Finance Protection Bureau to exist, and the Bureau itself has drawn the critical ire of the new President. House Republicans are also staunchly opposed...
When asked, a majority of Americans can still remember what their SAT score was 20 years ago, despite the fact that SAT scores become precisely useless once one has been admitted to college. What most Americans could not tell you — and by most we...