The fallout from Lending Club’s admissions of improper loan sales earlier this week might come in the form of chilly reception for the firm’s investment and loan sales, The Wall Street Journal stated on Tuesday (May 10). Get the Full Story Complete the form to...
“What is even more exciting is the potential of where we are headed. I feel that our competitive advantage compared to traditional banks is really long lasting because, again, it is grounded in technology and cost, not something they can react to.” Get the Full...
Renaud Laplanche, the CEO of Lending Club, has resigned following a board investigation regarding allegations of improper practices surrounding a loan sale with an investor. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Big cuts are coming to Prosper Marketplace. According to Wall Street Journal reports, the online lender is shedding 28 percent of its staff and rearranging its executive team. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Affirm announced its acquisition of an app-based personal finance tool called Sweep on Wednesday (April 27). 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 our daily...
Cloud-based omnichannel player Shopify, which is geared toward small and mid-sized businesses, has announced the debut of Shopify Capital, which is billed as a merchant cash advance (MCA) platform for helping business owners grow their operations through reinvestment activities. Get the Full Story Complete the...
France-based Lendix has secured a $13.5 million investment in its Series B funding round, led by CNP Assurances, it announced Tuesday (April 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Fans of television – or more accurately, fans of television tropes are probably familiar with the concept of “The Berserk Button.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Just when it seems easy to think that every application on Earth is being optimized to sell consumers something, a maverick comes along and goes in a very opposite direction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
