consumer lending

Online Lender SoFi Sees $12M Loss In Q3
Online Lender SoFi Sees $12M Loss In Q3
November 12, 2018  |  Earnings

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. The...

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PeopleFund Notches $11M In Series B Round
PeopleFund Notches $11M In Series B Round
November 02, 2018  |  Investments

In a Kakao Pay-led Series B round, peer-to-peer (P2P) lending platform PeopleFund took in $11 million in funding. The South Korean company, which was started...

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Capital One, Discover Tighten Credit Limits As Debt Peaks
Capital One, Discover Tighten Credit Limits As Debt Peaks
October 29, 2018  |  Debt

Capital One Financial and Discover Financial Services, two of the largest credit card issuers in the country, are tightening lending standards, which is reportedly an...

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Thinking ‘Differently’ Than Ant, Pintec Makes Its Post-IPO Plans
Thinking ‘Differently’ Than Ant, Pintec Makes Its Post-IPO Plans
October 29, 2018  |  IPO

Pintec Technology Holdings Limited may not be a household name in the U.S., but it ended last week with a some very strong results on...

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Amex Reports Card Member Spending Up 8 Pct In 3Q
Amex Reports Card Member Spending Up 8 Pct In 3Q
October 19, 2018  |  Earnings

American Express posted results Thursday (Oct. 18) that showed increases in card member spending and a boost in lending activity. Overall, billed business gained 8...

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Pew Pushes Installment Loans As Regulated Payday Alternative
Pew Pushes Installment Loans As Regulated Payday Alternative
October 17, 2018  |  Alternative Finances

Short-term lending – specifically, payday loans – have attracted a lot of attention in recent years, from the media and from the regulators. A little...

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Marcus Buoys Goldman’s Growth
Marcus Buoys Goldman’s Growth
October 16, 2018  |  Earnings

Goldman Sachs booked a 4 percent year-over-year revenue increase for the third quarter of 2018, with that growth powered in part by increased lending through...

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Petal Debuts No-Fee Credit Card For Underserved
Petal Debuts No-Fee Credit Card For Underserved
October 02, 2018  |  Payment Methods

Petal, the startup credit card company, announced on Tuesday (Oct. 2) that its credit card is now available via the company’s website. In a blog...

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Flipkart Launches Cashless Credit, Eyes Non-Banking License
Flipkart Launches Cashless Credit, Eyes Non-Banking License
September 20, 2018  |  Retail

Flipkart has launched a cashless credit program to give shoppers an instant credit line of up to Rs 60,000 ($833.97 USD). According to DealStreetAsia, depending...

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