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News Roundup
·Dec. 16, 2020

Upstart Completes Their IPO, Soars 47% on Trading Debut

Leading fintech lender Upstart went public on Nasdaq today (ticker: UPST) in a successful IPO that saw the company raise...
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EuropeFintechNews Roundup
·Oct. 9, 2017

4finance Crosses €5bn in Loan Originations

The short-term consumer lender has originated over €5bn ($5.8bn) since launching in 2008; the company has focused on markets in Europe and the Americas; the company’s mix of funding sources includes bond issuance and bank deposits from the acquisition of TBI Bank; Moody’s also recently upgraded their corporate rating from a B2 to a B3. Source.

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FintechNews RoundupUSA
·Jun. 26, 2019

Varo Money Shuts Consumer Lending Division

Digital bank Varo Money has made the decision to shut down their consumer lending division; Business Insider reports “With the...
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FintechNews RoundupUSA
·Apr. 29, 2020

Affirm Eyes Expansion Amid Current Crisis

Buy now pay later startups like Affirm have seen a big boost in activity since the crisis began; “We see...
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EuropeFintechNews Roundup
·Apr. 14, 2020

Zopa Stops Originating Some Loans, Originations Down Around 75%

In light of the coronavirus crisis the consumer lender has opted to stop originating C, D and E grade loans;...
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Podcasts
·Oct. 15, 2021

Podcast 320: Renaud Laplanche of Upgrade

One of the true pioneers of the fintech space joins us for the show today. This is someone who has...
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FintechUSA
·Jun. 11, 2020

Curve Credit Gets Closer to Launch

Curve is most well known for allowing users to consolidate all of their credit cards into a single cards; users...
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EuropeFintechNews Roundup
·Oct. 4, 2017

UK Consumer Lending is One of the Fastest Growing Segments in Fintech

Consumer lenders who are repaid from borrower’s salaries have raised $232mn recently in the UK; Insurer Legal & General are set to announce a $53mn Investment into SalaryFinance for their US expansion; other market leaders in this segment include Neyber who recently raised $179mn in debt financing; the companies have built relationships with more than 50 groups in the UK and tying repayment to salaries helps to keep defaults extremely low. Source.

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FintechNews RoundupUSA
·Apr. 23, 2020

Online Lenders Rumored to Make Further Job Cuts

A day after LendingClub made big news by laying off 471 people there are rumors circulating all around the industry...
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News RoundupOnline Lending
·Apr. 12, 2017

Consumer Lending Leaders of Tomorrow

Understanding the products that work for you as a consumer is a key question all borrowers ask themselves; at LendIt USA 2017 the panel entitled Consumer Lending Leaders of Tomorrow discussed some of the up and coming platforms in the market today; LendingUSA focuses on point of sale financing to offer installment loans for expenses like a medical procedure, Uplift Financial uses 600 million pieces of data to tailor the best loan product to you from their network, MoneyLion provides financial wellness advice to help the consumer better understand the loan that fits their situation and BorrowersFirst uses their technology to offer a low cost product to their borrowers; these lenders have taken the time to understand consumers so they can provide the type of variety people are looking for in a market that continues to evolve. Source

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