A third of online lender LendingClub’s workers will be laid off, the company said on Tuesday, April 21. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Klarna, a Swedish FinTech that allows customers to pay for items through installments, has posted its first annual loss after years of being profitable, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Affordable housing in many American cities has reached crisis levels. For those looking for officially government-certified affordable housing, the average time on the waiting list is two years, though in some U.S. metros that time can extend to a decade and beyond. And that is...
Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Sezzle, the California-based alternative payments lender, announced Thursday that it was finally approved by the state’s Department of Business Oversight (DBO) for a lending license. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Bangalore-based FinTech ZestMoney has raised $15 million in a Series B funding round led by Goldman Sachs and existing investors Naspers, Quona Capital, and Omidyar Network, reports detailed on Thursday (Dec. 19). Get the Full Story Complete the form to unlock this article and enjoy...
As alt-banking matures and FinTechs mushroom, challenger banks are losing their cool “disruptor cred” and blending into the banking landscape. Not as cool. But with 62 percent of Americans doing most of their banking online – and 69 percent saying they’ll use banking apps routinely...
The CEO of online split payments company Klarna, Sebastian Siemiatkowski, gave a lengthy interview to a news outlet about the future of the company and where he plans to take it. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. That doesn’t mean it’s been easy. So-called...
