alternative lending

Online Loans Confound Experts With Lower-Than-Expected Impairments

Online Loans Confound Experts With Lower-Than-Expected Impairments
Online Loans Confound Experts With Lower-Than-Expected Impairments
August 17, 2020  |  Loans

Personal, unsecured loans issued through online lenders like Best Egg, LendingClub and Upstart have long been seen as particularly vulnerable in a downturn. Get the...

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Fundbox Founder Steps Aside As CEO
Fundbox Founder Steps Aside As CEO
July 02, 2020  |  Personnel

Fundbox Founder Eyal Shinar is moving over from his CEO role to become the B2B credit-and-payments company’s executive chairman. Prashant Fuloria, currently Fundbox’s chief operating...

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Tough Times in Consumer Credit Could Push Some Americans to Nontraditional Lenders
Tough Times in Consumer Credit Could Push Some Americans to Nontraditional Lenders
June 08, 2020  |  Economy

April wasn’t a good month for consumer-credit use. According to the latest Federal Reserve data, U.S. consumer borrowing dropped 19.6 percent — its fastest decline...

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New Fiserv Program Aims To Cover Residential And Commercial Rent
New Fiserv Program Aims To Cover Residential And Commercial Rent
June 04, 2020  |  Alternative Credit

For individuals and small businesses that are having trouble covering the rent during the COVID-19 economic collapse, but might have a credit card or line...

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Looking Beyond The Biggest Banks For SMB Relief
Looking Beyond The Biggest Banks For SMB Relief
May 14, 2020  |  B2B Payments

The Paycheck Protection Program (PPP) has dealt some difficult lessons, even to the largest Main Street lenders, as financiers struggle to meet demand, seamlessly process...

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Hong Kong Alt-Lender Oriente Raises $50M
Hong Kong Alt-Lender Oriente Raises $50M
April 28, 2020  |  B2B Payments

Hong Kong-based FinTech Oriente has raised $50 million in its ongoing Series B round, according to finews.asia. Get the Full Story Complete the form to...

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Bracing Mid-Market Firms For Financing Volatility
Bracing Mid-Market Firms For Financing Volatility
April 21, 2020  |  B2B Payments

Post-financial crisis, an influx of alternative lending players emerged to accelerate business finance digitization and expand choices for borrowers. In many ways, it was great...

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Funding Options Strikes Open Banking Deal With 20 Alt Lenders
Funding Options Strikes Open Banking Deal With 20 Alt Lenders
April 07, 2020  |  B2B Payments

Through small business finance broker Funding Options, around 20 alternative lenders will now have the power to receive open banking data directly to begin making...

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