SoFi shared in a press release that they had helped funnel over $75 million in loan applications to lenders for...
Fintechs have started to follow the Fed and slash rates on savings accounts by an average of 1 percent; the...
The U.S. personal loan market has surged in the last 5 years to reach more than $138bn; one of the...
Manuel Alvarez was previously general counsel and chief compliance officer at Affirm; today he was sworn in as commissioner of...
The Series F round values the fintech company at $8.3 billion; the latest round continues a deceleration of valuations the...
Today, SoFi announced a new index fund focused on the gig economy; GIGE trades on the Nasdaq and is actively...
Fred Wilson is urging investors to diversify their bitcoin assets before the crash comes; while he does not offer a timeframe for when this might occur he does think diversification will protect those who are heavily invested; he is a believer in the crypto markets in general and thinks they add value to a portfolio. Source.
Orchard's Weekly Online Lending Snapshot for the week of October 27 focuses on new marketplace lending securitizations and the snapshot's new tracking for recent securitization issuances; other key data points from the week include Yirendai leading publicly-traded marketplace lenders with a monthly stock gain of 12.52% and the UK Ranger Direct Lending Fund continuing to lead among UK listed funds with a monthly gain of 6.46%. Source
Lend Academy provides a resource for new investors in Lending Club and Prosper; their article includes five basic principles for investing in the platforms; the five key elements for investing include: 1) diversify investments 2) expect defaults 3) keep cash balances low 4) automate investing and 5) avoid taxes by investing through an IRA. Source
Through a partnership with MicroVentures, Indiegogo will allow investors to participate in ICOs; accredited investors will be able to buy Simple Agreements for Future Tokens (SAFTs) where tokens are delivered on a certain date; the first ICO being advertised is the Fan-Controlled Football League. Source