In this economy, staring down a possible recession, we’ll see if the disruptors to traditional lending wind up being disrupted themselves. At this writing, shares in Upstart Holdings are being cut roughly in half — on a day when the markets are soaring, generally speaking....
Stock brokerage app Robinhood has launched a stock lending feature that lets its users lend out their fully paid stocks to borrowers recruited by the company. As the company announced Wednesday (May 4) on its website, users will be paid once their stocks are lent...
Square has launched Square Loans in Canada, giving small businesses streamlined access to funds by creating customized offers to eligible sellers and giving them a straightforward application process, according to a Thursday (April 28) press release. The revamped process is free of paperwork and delivers...
Main Street small and medium businesses (SMBs) are still struggling with cashflow issues as the pandemic wanes, but they’ve come to rely on the new breed of FinTech lenders to get them through the worst of it. In the April 2022 working paper “The Impact...
Folks responsible for lending probably tend to be cautious. You could say the same for the latest edition of PYMNTS’ Provider Ranking of Personal Loan Apps, as all eight contenders hold the same position they held last month. As with PYMNTS’ other Provider Rankings, this...
The student loan industry is a $1.7 trillion mess. Defaults loom, staved off only by presidential decree (again). Tuitions rise at multiples of the inflation rate. And of course, borrowers spend decades trying to pay it all back. That is, if they can get a...
Alchemy will debut software to help lending companies offer “much needed” financing products for millions of smaller businesses, a press release said The release noted that emerging markets like Latin America have been exploring credit information infrastructure, where lenders and financing companies can underwrite small...
Citi has launched sustainable trade and working capital loans in Europe, the Middle East and Africa (EMEA), Latin America (LATAM), and Asia Pacific (APAC) regions, the banking giant said in a news release Tuesday (April 5). Citi says the product will initially launch in 80...
LendingClub says it has helped over 4 million members since 2007, a press release said, hitting this mark just a year after becoming a bank holding company. The company defines members as “individuals who have obtained a personal loan, auto refinance loan, patient and education...
