- House Financial Services Committee Approves Legislation to Help Keep Lending Partnerships Between Banks and Online Lenders
- Cinda International Leads Massive Round In Chinese Fintech Company 9f Group
- YieldStreet Surpasses $200M in Originations, Bolsters Leadership Team and Launches New Website amid Period of High Growth
- $15 Million Investment Round Fuels Accelerated Growth at Goji, the Online Home and Auto Insurance Distribution Platform
- Hornets, LendingTree Announce New Multi-Year Founding Level Partnership Highlighted By Jersey Patch
- Active.Ai raises over $8 million in Series-A round
- TransUnion Expands Credit Access to More Americans with Acquisition of FactorTrust
- LendInvest launches into buy-to-let market
Toku raised $7 million to expand digital collection services in Latin America. The fintech will boost its current Mexico strategy.
Lending Times reports on LendIt USA 2017's panel discussion on "The Future of Financing and Vehicle Purchases,"; auto financing is one lending category undergoing transformation with increased lending options online to make the car buying process easier; panelists from AutoFi, AutoGravity, Blinker, RouteOne and DriverUp discussed their solutions. Source
Petal uses information beyond credit scores like earnings, spending and savings to identify people who are a good fit for a credit card; users can then use the Petal card to build their credit history; the company raised $13 million led by Valar Ventures. Source
Today the company announced its first syndicated, revolving securitization of residential transition loans; LendingHome issued approximately $208 million of non-rated,...
Citigroup CEO Michael Corbat said the bank was working to develop their own portal to help push capital to small...
Brex has bought financial planning software startup Pry Financials for $90 million to beef up its software offering for early-stage startups.
Carvana is working with Wells Fargo and Bank of America on plans for a US initial public offering (IPO); the company is one of a few specialist providers selling used cars and offering auto financing through the internet with automated towers storing vehicles in cities such as Austin, Dallas and Nashville; Reuters reports the company has a valuation of $2 billion and is planning for its IPO in the first half of 2017. Source
Aviva, Hillhouse Capital and Tencent have announced plans for a new digital insurer, Aviva Hong Kong; Aviva and Hillhouse will own 40% with Tencent owning the remaining 20%; the new platform will focus on selling digital life insurance in Hong Kong and will also offer additional investment products. Source
Coronavirus has been the dominating topic of the day and it has taken over almost every aspect of our lives;...