LendingClub, an online marketplace that connects borrowers and investors, has launched a new marketplace called LCX with the intention of drawing a larger swath of institutional investors to the platform. LendingClub said the new marketplace offers “dynamic” pricing and same-day settlement of “fully funded whole...
Twelve years ago, LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt. That product was an unsecured personal loan that consolidated the debt into a lower interest option with fixed monthly payments. Today (Oct. 10),...
Carvana, the company that lets consumers browse and purchase vehicles online, has added a new virtual financing option, according to reports. The company has teamed up with Regions Bank to provide the possibility of virtual loans to consumers in Texas, the South and the Midwest....
Car leasing app Fair has secured a $500 million revolving credit facility led by Mizuho Bank. SoftBank Group Corp. is among several credit providers also participating in the loan, which will be used to unlock new levels of growth for both Fair and its partner...
Goldman Sachs Group is giving a $100 million loan to Konfio, marking the first time the lender’s structured finance, investment and lending business has provided a credit facility to a Latin American FinTech. Konfio, a Mexico-based alternative small business lender with plans to launch a...
Stripe announced Thursday (Sept. 5) the launch of Stripe Capital to simplify the way internet companies can access funds. It remains difficult for online businesses to get access to capital. Even those companies that can get loans spend hours and hours on paperwork only to...
With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing up to roll out a consumer lending business in India. The stakes are high for the company, which has a business that relies...
Barclays is now offering £100,000 unsecured lending for SMEs on its app and online banking platform. A recent survey by Barclays found that 44 percent of SMEs said they would have more confidence in applying for a loan if they could see a pre-assessed limit....
U.S. mortgage refinancing is on the uptick as fears about fluctuating global markets cause a drop in interest rates, the Financial Times reported Sunday (Aug. 18). As more people invested in the safety of U.S. Treasuries, yields and mortgage rates dropped. The average interest rate...
