Curve is most well known for allowing users to consolidate all of their credit cards into a single cards; users...
At LendIt Fintech USA 2019, Boe Hartman, the CTO of Marcus, revealed in a keynote stage interview that Marcus was...
Banks are seeing some good early signs in repayments with a significant number of borrowers committing to restart normal payment...
Online consumer lender Upstart has reportedly set out to raise $100mn in their latest fundraising round; the round would put the valuation north of $500mn and upwards of $1bn; the company did not confirm the American Banker report but did say they anticipate completing a finals round in the next year; the company reach profitability last year and the value of loan transactions increased threefold according to a spokeswoman. Source.
Buy now pay later services are becoming one of the biggest benefactors during the current crisis; consumers have turned to...
UK based Lendable raised $400mn to continue lending to UK consumers amid concerns over growing household debt; the capital infusion comes from Castle Trust who is backed by the US private equity shop JC Flowers; this is the second big deal for Lendable in 2017 as they were able to secure over $130mn from Waterfall Asset management in March. Source.
Leading marketplace lending platform, Prosper, has launched Credit Card Optimizer; the Credit Card Optimizer is an enhancement to the firm’s Prosper Daily app which was introduced in March 2016 as an aggregator for financial accounts; the Credit Card Optimizer will provide users with their credit card balances and payment notifications; also seeks to provide advice on credit card usage and includes features for managing credit cards by interest bearing balances. Source
On Episode 27 I talk with Kareem Saleh of FairPlay. FairPlay is the first Fairness-as-a-Service solution for fair lending compliance...
Consumer awareness of their financial health has never been higher; whether planning to buy a home, car or finance an...
Figure Technologies recently spun out their technology, Provenance Blockchain, as they aim to cut down 70 percent of closing costs;...