LendingHome was founded in 2013 and is the second startup business founded by Matt Humphrey; the firm announced its new consumer loan mortgage product at LendIt USA 2017; since its initial launch, the business has originated over $1 billion in mortgage loans with a focus specifically on fix and flip property owners; the new product will expand the capabilities of the firm's technology by offering consumer mortgage loans to first time homebuyers; the product expansion is a natural extension of the business and talking with Forbes, Humphrey says it has been a part of the firm's plan since founding the company. Source
CommonBond’s study highlights the disconnect between what employees desire and what companies currently offer as benefits; CommonBond focuses on helping those...
European based digital bank N26 has raised a new series D round of $300mn at a valuation of $2.7bn; Insight...
Bitcoin is set to halve, as it does every four years, and the impact of this year’s event could push...
Tim Draper spoke at the event Blockchain Connect Conference today; he stated, “In five years, if you go to a Starbucks or McDonald's and try to buy a burger or coffee with fiat currency, the person at the counter is going to laugh at you. There's a real need for a currency that's global.”; Draper was an early backer in companies like Skype and Baidu; his interests have since turned to bitcoin and ICOs. Source
Funding Circle has struggled in the public markets since their IPO in 2018; now Funding Circle and their peers have...
Google, Amazon, Facebook and Apple (GAFA) have significant market share and a massive influence; given the needs and demands of consumers it seems likely their services will more broadly integrate fintech offerings in the near future; all four companies have taken some steps to offer financial services and industry analysts are watching them closely for new announcements. Source
JPMorgan Chase ran a pilot last year which offered bonus rewards to customers of their Sapphire credit cards if they closed a mortgage; JPMorgan experienced significant demand from the pilot with homes purchased doubling for those who owned the Sapphire cards; the bank is now expanding the promotion to other credit cards they offer; Business Insider shares more on JPMorgan’s market opportunity and the millennial demographic. Source
AutoFi has announced a new partnership to expand its online point-of-sale auto financing solution; AutoFi has now partnered with iLendingDIRECT which includes a network of credit unions; the new partnership builds on a recently announced offering with Ford Credit and also adds to the platform's extensive auto lending network of banks and specialty lenders. Source
Lend Academy talks with John Donovan from Bizfi in their podcast; Bizfi provides balance sheet lending for merchant cash advances and also operates a multi-lender platform giving small businesses multiple loan funding options; Donovan talks about his career in online lending which began at Lending Club; he also discusses the dynamics of Bizfi's two business lines and some of the company's plans for the future. Source