Welcome to the unchartered territory for the lending landscape – at least for those who were born and came of age in the new Millennium, in the digital age… …and post the Great Recession. They say history doesn’t repeat itself, but it does indeed rhyme....
In the wake of the Great Recession, small businesses found it difficult to secure loans via banks – and even when they were available, the common complaint was that the application process was slow, time-consuming, paper-intensive and ill-suited to the needs of small businesses. From...
According to the Bureau of Labor statistics, as of 2018 (the last full year for which data is available), there were 28.2 million foreign-born persons in the U.S. labor force – representing roughly 17 percent of the total number. Foreign workers in the U.S. come from all...
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” The above quote is usually attributed to Albert Einstein, widely considered one of the greatest minds of the 20th century. As is the case...
March 11, 2020
Welcome to the unchartered territory for the lending landscape – at least for those who were born and came of age in the new Millennium, in the digital age… …and post the Great Recession. They say history doesn’t repeat itself, but it does indeed rhyme. For the neobanks that are now encountering precipitously falling interest […]
October 08, 2019
According to the Bureau of Labor statistics, as of 2018 (the last full year for which data is available), there were 28.2 million foreign-born persons in the U.S. labor force –...
May 08, 2018
Ripio has had more than one name in its evolution as a firm – but only a single goal. Originally known as BitPagos at launch, and then rebranding to Ripio...
March 13, 2018
Millennials, we have long been assured, were never, ever going to buy houses. Some hypothesized that the lingering memory of the Great Recession’s origins in profligate mortgage underwriting would scare them away...
May 05, 2020
Digital lending marketplace BitX Funding, which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. The company has brought in more than $50 million in financing for small companies throughout the country since 2013 by “breaking down the barriers of traditional banking,” according to an announcement. BitX Funding President […]
April 17, 2019
Chinese peer-to-peer (P2P) lender Dianrong wants to raise $100 million in an attempt to outlast a regulatory squeeze on the industry in the country, according to a report in the...
October 10, 2018
Mike Cagney first made his name in financial services as the founder and CEO of SoFi, an alternative credit startup that got its start re-refinancing student loans for graduates of...
June 19, 2018
Rent-A-Center‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could make it more difficult for the chain to...
