A new P2P lending startup officially launched into the market yesterday (April 7) to bring an alternative financing option to consumers looking to borrow at a lower rate — and to do so in a manner that has the ability to potentially reduce the risk to...
Establishing a credit history can be an unexpectedly tricky thing – to get a loan consumers need to demonstrate a past history of managing with debt well. To manage debt well, entities need to extend loans to consumers. Since the inception of credit, the above...
The Brink’s truck is backing up to MasterCard (so to speak). The secure transportation and cash management company, in partnership with prepaid provider NetSpend, announced yesterday (April 6) the launch of the Brink’s Prepaid MasterCard. Issued by BofI Federal Bank, the card offers its users...
When it comes to choices for alternative financing providers, the U.K.’s SMEs benefit from having ample choices — but does having more choices always make the lending process easier? Recent survey data from the Funding Centre — the content-led alternative finance aggregator — shows that...
Buttercoin, a bitcoin startup that hoped to use the cryptocurrency to make it easier for immigrants around the world to send money home, is closing its doors on Friday (April 10), the company has announced. For once it’s not due to legal problems or cyberattacks,...
The online, peer-to-peer and marketplace lending scene is a growing one, particularly as more consumers and small businesses look toward alternative financing options that don’t rely on dealing with a bank. But as the industry grows, how should it define itself? How should it be regulated?...
Marking the largest amount of its kind provided to the alternative small business financing, CAN Capital announced Friday (April 2) that it secured $650 million in funding from a dozen top bank lenders to grow its SMB finance program. The funding commitment, led by Wells Fargo Capital Finance, also...
Bitcoin’s blockchain technology may have found a new application: cutting the time and cost required by cross-border wire-transfer payments. Align Commerce has launched a public beta test of a system to let either businesses or individuals pay invoices globally, the company announced on Thursday (April...
Crowdfunding — very broadly defined — grew by 167 percent in 2014 to raise $16.2 billion, up from $6.1 billion raised in 2013, according to newly released research by Massolution — and total global crowdfunding should reach $34.4 billion this year. But the definition is...