alternative lending

US Bank Launches Loan To Compete With Payday Lenders

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

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 Credit

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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