The former CEO and Co-Founder of Dealstruck shares his entrepreneurial journey and reflects on the demise of his company. Source
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Article shares a story of a $200 jean purchase that was made with the help of point of sale finance firm Affirm; Affirm works with over 1,000 retailers to provide installment loans; merchants benefit since consumers end up spending more, but some critics say it promotes poor consumer behavior; article shares the history of consumer credit and the changes in point of sale financing. Source
Tonderys shares what makes Marlette Funding different and what he sees in the market for next year; he also provides his take on traditional banks getting into the business and where personal lending overall will be in five years. Source
A story by American Banker highlights a potential legislation that will change how Americans pay for college; many people familiar with the Promoting Real Opportunity, Success and Prosperity through Education Reform Act believe it will benefit lenders and loan servicers. Source
The explosion in data has made the data scientist an essential part of all fintech companies. Source
Junheng Li, founder of an independent research firm focused on Chinese companies provides an update on lending in China with the recent news of tightening regulation. Source
The fund expects to provide a dividend of 15p per quarter by the end of the second quarter of 2018; this would represent a yield of 7.8%; the fund shared that it had a pipeline of attractive yielding assets of £400m and will increase share buybacks. Source
Credit Suisse has taken a majority stake in the startup TradePlus24 in a Series A-1 financing round; TradePlus24 is based in Zurich and helps SMEs increase their working capital by leveraging their domestic and export receivables; Credit Suisse recently announced a $200 million revolving credit facility with Kabbage. Source