Alternative Credit

Kabbage, Cooperation And Why We Can All Be Friends
July 14, 2015

As any Boston Red Sox fan knows, a good rivalry can really spice up the action. After thinking for 86 years that there could be nothing on Earth better than breaking the streak by winning the World Series, in 2004 the entire city of Boston...

Lendingkart Secures $10M To Help India’s SMBs
July 10, 2015

Lendingkart is on its way to helping more small businesses in India secure more capital. The New Delhi-based company recently raised $10 million, TechCrunch reported, noting that the Series A funding round was led by Saama Capital, Mayfield Fund, Shailesh Mehta and Ashvin Chadha. Lendingkart has been...

Sage Teams With Funding Circle To Streamline Funds For SMEs
July 08, 2015

Sage, a British software company, has teamed with Funding Circle and MarketInvoice to help provide funding access to more SMEs. In a news release about the deal, Sage said it formed two “flagship partnerships” to help small and medium size businesses to into the U.K.’s...

Who’s Funding Female-Led Startups?
July 07, 2015

“If we want to have more women in tech, it is not enough to get more women engineers and executives—we need more women founders, because it is the founders of companies that set the cultural tone for so much that happens in Silicon Valley.” –...

Citi Creates Its Own Citicoin
July 02, 2015

Citi Innovation Labs have been looking at distributed ledger technology for “the last few years” and has put together a dedicated, skilled team, according to International Business Times UK. Ken Moore, head of Citi Innovation Labs, said: “We have up and running three separate systems...

Is Sovereign Immunity For Tribal Payday Lending Coming To An End?
June 30, 2015

Short-term loans, known colloquially as payday lending, never fails to elicit a big response — if not always a consistent one. Foes of the practice point to the high double and triple digit annual interest rates and consumers swept into never-ending cycles of debt as...

Alternative Credit
PayNearMe Sets The Record Straight (About Layoffs And Fundraising)
June 29, 2015

Financial services startup PayNearMe is not as well-known as some of the other high-tech players in the game — largely a consequence of who its target audience is. The firm’s focus are not tech-savvy players after all but instead the 25 or so percent of U.S. consumers...

Turns Out That Most SMBs Don’t Compare Lenders
June 26, 2015

A new survey from LendingTree shows that a majority of small businesses who apply for loans don’t take time to shop around. The data shows that of those seeking small business loans within the past year, 58 percent of the 170 U.S. small business owners...

Why Small Banks Partner With Lending Club
June 24, 2015

The FinTech shift has disrupted nearly every angle of the financial industry — from the major lenders to the small banks. But it’s also created a set of unique partnerships between the two ventures that’s becoming a growing sector of its own in the banking...