The CEO of LendUp talks about short term lending and the changes she has made in her first year as...
Mercantile Bank of Michigan has struck a partnership with Abe AI to build a chatbot; MercMoney is an AI based...
Congress wants to extend PPP, lenders ready to move on Groundfloor Says Q2 was a Record Quarter Broadhaven Ventures’ Michael...
There is a growing trend in fintech that shows where the most disruption is happening, financial advice and management; while...
PeerStreet is a platform founded by Brew Johnson? and Brett Crosby; initially launched to take advantage of inefficiencies in the real estate market, the platform has grown to service a wide range of accredited investors; the platform has originated over $200 million in real estate loans; it attributes its success to the platform's focus on short-term, first position lien loans, and a robust legal and compliance team; Brew Johnson will be speaking at LendIt USA 2017 on a panel discussing "Residential & Commercial Real Estate: What's next for real estate crowdfunding?" Source
The largest bank merger in more than a decade took less than 6 months to complete as both banks came...
Yesterday the House approved a bipartisan bill that would loosen the requirements on the PPP loan program for small business;...
Last year at PitchIt@LendIt, AutoFi took home the top prize; in his pitch (34:00) Jonathan Palan, president and co-founder of AutoFi discusses AutoFi and the auto finance market; Jonathan previously spent six years at Lending Club and LendingHome; he shares that the auto market is a massive opportunity and is also a fragmented marketplace; consumers are beginning to go online to buy cars; 84% of new car purchases have financing and 68% of used cars have financing; AutoFi's thesis is that if car buying is going online then auto lending has to go online; they are a B2B software platform to help do just that; in a big vote of confidence for the company, they recently inked a deal with Ford to provide digital financing options to consumers; applications for PitchIt@LendIt 2017 close today.
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
Amazon has been in the lending business since 2011; after growing quite significantly from 2015 to 2016 they have more...