Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto finance suite, Odessa said in a Wednesday (April 24) press release. “Odessa’s deep asset finance experience enables the company to offer...
LendingClub saw loan originations continue to decline in the quarter ended Sept. 30 as bank investors remain cautious. In response, the firm is promoting new products that meet the needs of both investors and LendingClub in the current environment, executives said Wednesday (Oct. 25) during the...
Demand for personal loans, direct deposit accounts and “cross-buy” opportunities boosted SoFi Technologies’ results despite macro headwinds. Total deposits at SoFi Bank grew 46% sequentially during the fourth quarter to $7.3 billion. Management said on the conference call that 88% of SoFi Money deposits...
LendingClub posted first-quarter earnings results Tuesday (May 5) that showed a high single-digit percentage decline in loan originations as consumers held back, investors shied away from debt markets and an unprecedented set of headwinds tied to the coronavirus hit the firm’s revenues. The pact to...
May 06, 2020
LendingClub posted first-quarter earnings results Tuesday (May 5) that showed a high single-digit percentage decline in loan originations as consumers held back, investors shied away from debt markets and an unprecedented set of headwinds tied to the coronavirus hit the firm’s revenues. The pact to buy Radius Bank remains on track, with closing targeted within […]
April 24, 2024
Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto finance suite, Odessa said in a Wednesday (April 24) press release. “Odessa’s deep asset finance experience enables the company to offer state-of-the-art auto origination technology on Day 1,” Robert Johnson, executive vice […]
October 25, 2023
LendingClub saw loan originations continue to decline in the quarter ended Sept. 30 as bank investors remain cautious. In response, the firm is promoting new products that meet the needs of...
November 06, 2019
The last few years have been an exciting ride for LendingClub watchers. The firm went public in 2014 and had just managed its first quarter of profitability in early 2016...
October 08, 2018
Goldman Sachs might be reining in its online lending platform due to concerns about the stage of the credit cycle and changes in market data. Bloomberg cited sources that claim the...
