Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. An explosion of FinTechs looking to fill the gaps left across under-banked and under-financed populations, including, in many markets, small businesses, has watchdogs exploring how to...
Small business lending marketplace BitX Funding has struck an alliance with transportation equipment finance company Pelagic Capital, the companies said in a press release Tuesday (May 28). The firms revealed plans to pool their resources and industry expertise to broaden small business lending operations and...
Small business financial services platform Company.com is integrating a solution into its offering through which small firms can access external financing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
On Friday (Sept. 30), LendingClub officially closed the door on a two-year chapter in its corporate history that its current board and founding team would probably like to forget. Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended...
January 02, 2018
2017 was a tough year for some of the biggest names in alternative financial services in the U.S. – Prosper, OnDeck and LendingClub, in particular. 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 newsletter, […]
July 18, 2017
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 and have witnessed, American lives are full of...
September 13, 2016
As the fluctuations within the small business lending industry continue, SMEs must keep their eye on the state of the market: whether capital is available, how affordable it is and...
August 23, 2018
When Renaud Laplanche launched hist latest lending start up, Upgrade, the venture was both quite similar to and yet quite different from his previous endeavor, LendingClub, the platform that made “marketplace lending” a household phrase in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to […]
August 08, 2018
It’s been a good week for marketplace lenders on The Street. After OnDeck announced that it had notched better-than-expected earnings and loan volume, LendingClub followed suit with with a report that...
May 08, 2018
After a strong debut on the public markets at $14 per share in its Initial Public Offering (IPO), LendingClub has taken investors on something of a wild ride though the ups...
November 15, 2016
Marketplace lenders may have to provide more information about borrowers if anything comes from comments from U.S. Securities and Exchange Commission Chair Mary Jo White. Get the Full Story Complete...
