alternative lending

US Bank Launches Loan To Compete With Payday Lenders
US Bank Launches Loan To Compete With Payday Lenders
September 11, 2018  |  Alternative Finances

U.S. Bank is entering the small-dollar lending arena. Going forward, U.S. Bank depositors will be able to tap into an online, digital lending product aimed...

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Funding Circle Reflects On IPO Plans
Funding Circle Reflects On IPO Plans
September 11, 2018  |  B2B Payments

Days after confirming plans for an Initial Public Offering on the London Stock Exchange, alternative lending firm Funding Circle has released new details about its...

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Prospa Bends To Regs’ Unfair Contract Claims
Prospa Bends To Regs’ Unfair Contract Claims
September 10, 2018  |  B2B Payments

Weeks after Australia alternative lending platform Prospa cancelled its IPO, amid backlash over contractual agreements with borrowers, the company has bowed to regulators’ demands that...

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Investors Back Portal Finance’s Multi-Pronged Approach To SMB Finance
Investors Back Portal Finance’s Multi-Pronged Approach To SMB Finance
September 07, 2018  |  B2B Payments

Investors this week placed more than $447 million in B2B FinTech startups, with the biggest investment rounds landing at companies that address more than one...

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UK Bank Referral Scheme Yields $20M For SMBs
UK Bank Referral Scheme Yields $20M For SMBs
September 04, 2018  |  B2B Payments

Since the U.K. implemented its bank referral scheme, aimed at linking small businesses to alternative finance when they’re rejected for a bank loan, it has...

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Why Wonga Finally Called It Quits
Why Wonga Finally Called It Quits
September 04, 2018  |  Alternative Finances

U.K. payday lending startup Wonga has come to the end of the road, having filed for administration (similar in concept to bankruptcy in the U.S.)...

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Enterprise Data Storage And Security Land Top VC Funds
Enterprise Data Storage And Security Land Top VC Funds
August 31, 2018  |  B2B Payments

More than $205 million in financing was invested in B2B startups this week, signaling investors’ continued appetite for these players as the seasons turn. Cybersecurity,...

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Rep. Cleaver Releases Initial Findings In Alt-Lending Probe
Rep. Cleaver Releases Initial Findings In Alt-Lending Probe
August 29, 2018  |  B2B Payments

U.S. Representative Emanuel Cleaver II (D-MO) has published the initial findings of a probe into the alternative small business lending market in an effort to...

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Economic Strength Propels Equipment Finance Growth: ELFA
Economic Strength Propels Equipment Finance Growth: ELFA
August 29, 2018  |  B2B Payments

The equipment financing and leasing market has experienced several years of growth, according to data from the Equipment Finance and Leasing Association (ELFA), and is...

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