The biggest online lender for small businesses in the U.K., Funding Circle, announced that it secured $100 million in equity funding. The news comes at a time when many British peer-to-peer lenders have been concerned about the future of their businesses since the U.K.’s decision...
For those who eat, breathe and sleep payments and commerce, talking about various retail channels makes all the sense in the world. But for those who aren’t payments peeps or retail groupies — those who are just regular day-to-day consumers — those channel-based distinctions are just not...
Foreign financiers that fall outside the traditional banking system are pushing the growth of nonbank lending in India. According to the Wall Street Journal, the country is seeing a surge in alternative lending from global players such as KKR and Goldman Sachs. While the amount...
As often happens, the world we leave behind going out of 2016 is very different than the world we imagined 2016 would be going in. There are, of course, a variety of ways to document that. A year ago today, you had never heard the...
The problem, according to Rod Buscher, CEO and founder of Blinker, is that most Americans need a car — meaning they often don’t feel they have a lot of power to dictate terms when it comes to getting a car. “Despite the mental image I think...
Millennials just aren’t buying homes — they are the first generation of Americans since World War II who will meaningfully move away from that vision of the American Dream. Millennial homeownership rates — for those 75.4 million or so young adults between the ages of 19...
Latvian online marketplace lender Twino announced on Thursday (Dec. 1) that it will soon list Russian subprime loans on the company website. This marks the first time in history a peer-to-peer lending facilitator in Europe has listed Russian loans. Twino was founded in 2009 and...
The Federal Reserve Bank of New York is not quite sounding the alarm bell for auto lenders, but they are certainly trying to draw some attention to the issue. Subprime borrowers, it seems, are having a tough time keeping up with their monthly auto payments, as...
CAN Capital, the small business online lender, has put its CEO on leave. According to a report by American Banker, CEO Daniel DeMeo has been put on a leave of absence, and Parris Sanz, CAN’s chief legal officer, is the interim CEO. Ritesh Gupta, previously the chief...