StreetShares has announced a $10.3 million fundraising; the US marketplace lender specializes in funding business loans to companies managed by veterans; the platform has a range of product offerings with loans issued for $2,000 to $100,000. Source
Payments fintech Stripe announced three major upgrades to their payments platform to help users increase revenue, direct connectivity to major...
Citing low usage numbers by customers and retailers the payments company says they will end all bitcoin related payments by April 23rd; "Empirically, there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense," Stripe product manager Tom Karlo wrote in the announcement reported by Business Insider; the volatility of price and mining fees also played into the decision by Stripe and has been cited by others as an issue that needs be be addressed. Source.
Stripe has garnered the top spot on CNBC’s 2020 Disruptor 50 list as the fintech has seen big success through...
Stripe, the most valuable fintech startup, has raised another $150 million and is now valued at $9.2 billion; the new round is being co-led by CapitalG, an investing arm of Alphabet Inc., and General Catalyst Partners; Sequoia Capital is also reported to be participating; Stripe is used by businesses to accept and track digital payments. Source
Stripe, the payments platform has raised $600 million which is an extension of their Series G round that closed last...
This weeks PeerIQ Industry Update looks at strong job growth despite the hurricanes, Lending Club’s investor day and the latest in securitization; Rep. Patrick McHenry accused the Cleveland Fed, who recently had their p2p lending report retracted, of trying to block the bill entitled Protecting Consumers Access to Credit Act; Lending Club’s first Investor day was not received well by the markets as their stock hit all time lows; PeerIQ reviews the full scope of the investor day including positioning & strategy, product & financial innovation, funding mix, investor returns and stress tests. Source.
This week’s PeerIQ Industry Update covered the strong job growth reported and the chances of a rate hike in March; Marcus made key hires in an effort to launch a credit card as it builds out their consumer banking businesses; Marlette completed its largest securitization for $464mn and saw the senior tranches of the deal rated AA by Kroll; PeerIQ also highlighted key points from testimony by Nat Hoopes of the Marketplace Lending Association when he testified before the House Financial Services Committee. Source.
SFVegas 2020 is right around the corner, and you won’t want to miss out on our riveting lineup of keynote...
A new study by Commonbond shows that employers who offer student loan benefit programs are more likely to keep employees...