online lending

Simply put, an online loan is money that's borrowed from a lender who operates online. While the specific process for an online loan can vary from lender to lender, there are many ways in which it's the same across the board.

Source: opploans.com

Navient Scoops Up Online Lender Earnest
Navient Scoops Up Online Lender Earnest
October 06, 2017  |  Partnerships / Acquisitions

Earnest, a FinTech startup with hopes of creating a modern financial institution, is selling to student-loan giant Navient for $155 million in cash. According to TechCrunch,...

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LendingPoint Closed On $500M Credit Facility In August
LendingPoint Closed On $500M Credit Facility In August
September 20, 2017  |  Merchant Innovation

Online lender LendingPoint announced Tuesday (Sept. 19) that it had closed an up to $500 million credit facility on Aug. 22. In a press release,...

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Today In Data: SoFi’s Woes
Today In Data: SoFi’s Woes
September 19, 2017  |  Today In Data

Online lender and tech startup Social Finance (SoFi) made recent news when its chief executive officer, Mike Cagney, stepped down following a lawsuit regarding claims...

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Sofi Scandal Cost Its Bank Application
Sofi Scandal Cost Its Bank Application
September 18, 2017  |  Legal

Online lender SoFi’s sex scandal, which resulted in the company’s chief executive stepping down, is dashing its chances of becoming a bank. According to a...

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CFPB Issues No-Action Letter To Upstart Network
CFPB Issues No-Action Letter To Upstart Network
September 15, 2017  |  Marketplace Lending Platform

The Consumer Financial Protection Bureau issued a no-action letter to Upstart Network, the first of its kind since the government watchdog created the no-action letter...

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Australian Finance Group Teases SMB Loan Platform
Australian Finance Group Teases SMB Loan Platform
August 29, 2017  |  B2B Payments

As Australian regulators continue to press the nation’s largest banks for fairer small business lending practices, a new small- to medium-sized businesses (SMB) lending platform is...

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Prodigy Finance Raises $240M For US Expansion
Prodigy Finance Raises $240M For US Expansion
August 22, 2017  |  Investments

Prodigy Finance, an online lender based in the U.K. that focuses on providing international student loans, has raised $240 million in venture capital equity funding....

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Startups Still Struggle Finding Funds (Fueling Online Lending’s Growth)
Startups Still Struggle Finding Funds (Fueling Online Lending’s Growth)
August 10, 2017  |  Alternative Finances

While startups and small business are often (rightly) hailed as the engines that power growth in the American economy, when it comes time to secure...

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Kabbage Receives $250M Strategic Growth Investment From SoftBank
Kabbage Receives $250M Strategic Growth Investment From SoftBank
August 04, 2017  |  Investments

Kabbage Inc., a financial services, technology and data platform serving small businesses globally, has announced the agreement on a $250-million equity investment from a subsidiary...

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