online lender

Prosper Fined $3M By SEC For Overstating Returns
Prosper Fined $3M By SEC For Overstating Returns
April 21, 2019  |  Alternative Finances

The Securities and Exchange Commission announced late last week that Prosper, the online lender, has agreed to pay a $3 million fine for misleading retail...

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Online Lender CommonBond Cuts 18 Pct Of Employees
Online Lender CommonBond Cuts 18 Pct Of Employees
January 17, 2019  |  Personnel

Online student lender CommonBond has laid off 22 employees — 18 percent of its staff — as it plans to shift investment into new areas....

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LendingPoint Brings In Former Citi Director As CFO
LendingPoint Brings In Former Citi Director As CFO
February 02, 2018  |  Personnel

LendingPoint, online lender and provider of the LoanHero point of sale financing platform, announced the appointment of a Citibank executive as its new chief financial...

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Max Levchin On What Comes After $200M Worth Of Capital Affirmation
Max Levchin On What Comes After $200M Worth Of Capital Affirmation
December 12, 2017  |  Loans

Fresh off a $200 million funding round, Affirm's CEO Max Levchin cautions PYMNTS' Karen Webster against thinking the money is simply a validation for the...

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Affirm Said To Eye $150M Capital Raise On $1.5B Valuation
Affirm Said To Eye $150M Capital Raise On $1.5B Valuation
December 05, 2017  |  Investments

Affirm Inc., an online lender, is reportedly in late-stage talks to land a new round of financing that would propel it to unicorn startup status....

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LendingClub’s Q3 Earnings: Loans Grow, Losses Shrink, Stock Slammed
LendingClub’s Q3 Earnings: Loans Grow, Losses Shrink, Stock Slammed
November 08, 2017  |  Earnings

LendingClub investors headed for the exits, sending the stock down as much as 20 percent after hours when the company posted third-quarter results that topped...

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Today in Data: U.K. Lender Prodigy’s U.S. Expansion Funding
Today in Data: U.K. Lender Prodigy’s U.S. Expansion Funding
August 22, 2017  |  Today In Data

It can be argued that one of the highest costs to expanding professional careers is that of funding student loans. Post-primary schooling can be one...

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Renaud Laplanche’s Second Act
Renaud Laplanche’s Second Act
July 18, 2017  |  Alternative Finances

F. Scott Fitzgerald is often quoted as the source behind the phrase, “there are no second acts in American life.” But as we all know...

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SME Interest Rates Come Out Of Hiding
SME Interest Rates Come Out Of Hiding
April 14, 2016  |  B2B Payments

There can be a big gap between what SME owners and executives think they're paying on their loans and what they actually are paying. Sometimes,...

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