Blockchain based lending fintech Figure has seen a 300 percent surge in loan applications due to the recent rate cut...
On Thursday, online lender Enova International posted a $52 million profit on $320 million in revenue, up 57% from the same time last year. In addition, total originations increased 26% sequentially to a record $856 million. Despite the good news, the stock saw only a 4% rise before falling back toward its downward trend this month.
With Credit Karma in the news this week, we thought we would revisit a keynote given by CEO Ken Lin...
According to a new report by CB Insights global fintech funding reached $5.4bn across 323 deals in Q1 2018; deal activity was highest in the U.S. and Asia, Europe on the other hand fell to a five quarter low; early stage companies in Europe were not receiving investments, though later stage companies were still having success; regtech, wealth management and digital banking led the way, while online lenders lagged behind. Source.
According to the New York Times the long awaited online lending platform from Goldman Sachs now has a name: Marcus....
Investment in Latin American fintech is at an all time high. There is a huge amount of VC money flowing...
Fintechs owned 1 percent of unsecured lending in 2010, they now account for 40 percent; Visa estimates that 5 percent...
The UK is still Funding Circle’s biggest market but expansion to new markets and improved performance from established foreign markets...
Goldman Sachs is entering P2P lending. This is a major milestone for our industry since it marks the 1st bank...
Both banks and online lenders are responding to the recent events with most already communicating with their customers detailing the...