Kabbage continues to look into how they can serve small businesses in new ways. We recently shared Kabbage’s announcement of...
Back in January, Uber sold their subprime-lending unit to the startup Fair; according to PaymentsSource, “…this gave the startup access...
The company shared information about their loan business in a broader update about the company; total lending was $3 billion since Amazon Lending started in 2011; an article by PYMNTS.com in June 2017 reported that the company had surpassed $1 billion in loans; in 2017 over 300,000 small and medium sized businesses joined Amazon Marketplace. Source
Lending is not a new business for Amazon, but it is not a burgeoning business…yet. Last year the Financial Times...
Entry into the real estate market is challenging for younger generations. For those who are "crypto native" perhaps there are options.
MakerDAO is DeFi’s oldest project and is now the first to pass the $1bn mark of committed cryptocurrency; Collateral, locked...
Reuters reports the several digital banks in the UK are still awaiting word whether they can offer government-backed loans to...
The platform grew 104% year over year; its investor base includes banks, pension and infrastructure funds, family offices and private clients; According to the company, LendInvest has the largest institutional funding base of any European Fintech lender on record; the platform offers loans made to professional property investors and developers. Source
·
[Editor’s note: This is a guest post from Nima Ghamsari, Chief Executive Officer and Co-Founder of Blend, a Silicon Valley...
Goldman Sachs said that their loan business would contribute almost half of the $5 billion in revenue growth it is projecting by 2020; the company will put $28 billion towards loans in the next three years in order to grow that part of the business; Revenue growth has remained flat since the financial crisis and trading revenues remain stagnant. Source