Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. An explosion of FinTechs looking to fill the gaps left across under-banked and under-financed populations, including, in many markets, small businesses, has watchdogs exploring how to...
Small business lending marketplace BitX Funding has struck an alliance with transportation equipment finance company Pelagic Capital, the companies said in a press release Tuesday (May 28). The firms revealed plans to pool their resources and industry expertise to broaden small business lending operations and...
Small business financial services platform Company.com is integrating a solution into its offering through which small firms can access external financing. Company.com said in a press release this week that it is rolling out its Business Funding Marketplace, which will integrate into its STAC Platform,...
On Friday (Sept. 30), LendingClub officially closed the door on a two-year chapter in its corporate history that its current board and founding team would probably like to forget. Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended...
January 02, 2018
2017 was a tough year for some of the biggest names in alternative financial services in the U.S. – Prosper, OnDeck and LendingClub, in particular. Among investors – both those who buy loans on the platforms themselves and those who buy stock in the platforms on Wall Street – much of their earlier enthusiasm was replaced with […]
July 18, 2017
F. Scott Fitzgerald is often quoted as the source behind the phrase, “there are no second acts in American life.” But as we all know and have witnessed, American lives are full of...
September 13, 2016
As the fluctuations within the small business lending industry continue, SMEs must keep their eye on the state of the market: whether capital is available, how affordable it is and...
August 23, 2018
When Renaud Laplanche launched hist latest lending start up, Upgrade, the venture was both quite similar to and yet quite different from his previous endeavor, LendingClub, the platform that made “marketplace lending” a household phrase in the U.S. While pleased with everything Lending Club was able to do in its capacity as a lender, when […]
August 08, 2018
It’s been a good week for marketplace lenders on The Street. After OnDeck announced that it had notched better-than-expected earnings and loan volume, LendingClub followed suit with with a report that...
May 08, 2018
After a strong debut on the public markets at $14 per share in its Initial Public Offering (IPO), LendingClub has taken investors on something of a wild ride though the ups...
November 15, 2016
Marketplace lenders may have to provide more information about borrowers if anything comes from comments from U.S. Securities and Exchange Commission Chair Mary Jo White. According to a report by Reuters,...
