MoneyLion’s new feature is called Grow Your Stack; will help customers see a visual representation of their account balance as ‘cash’ over the real world; the feature will leverage iOS 11’s ARKit technology; Tim Hong, Chief Marketing Officer at MoneyLion stated, “If I write that you spent $350 on coffee as text, versus if I show you that in terms of a [visual] stack, you may be more likely to change your habits,” he said. “Not everyone learns in the traditional way.” Source
Marketplace lending data analytics provider, Monja has announced a new daily valuation service for marketplace loans; the daily loan valuation service adds to the current reporting options for institutional investors and investment management clients, increasing the analytics for marketplace loan portfolio valuation offered by Monja; the announcement is a significant step for industry loan valuations; in comments regarding the announcement, James Wu, founder and CEO of Monja said: "Now fund managers don't need to wait 20 days after end of month to see how the portfolio has performed. This allows them to better position their portfolio and liquidity, while providing better portfolio visibility for their clients." Source
LiftForward has obtained a $100 million credit facility through funding from Monroe Capital; LiftForward is a New York City-based marketplace lender for manufacturers, distributors and retailers; the firm offers credit of up to $1 million per transaction; in addition to credit products the firm also offers its customers a platform to sell their products as a hardware as a service subscription. Source
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