Lending Club, who have been offering small business loans for more than 18 months, is now targeting small businesses in a different...
On Tuesday, OnDeck and JPMorgan Chase announced a partnership in what I think is the biggest news for the marketplace...
A new report released today by the law of firm of Manatt, Phelps & Phillips, LLP shows that community and...
The partnership is with Bud through first direct and will offer an integrated offering of financial services products and tools across the market; Raman Bhatia stated, “At HSBC we recognise that the sector needs to innovate to meet changing customer needs and we’re investing significantly in digital innovation, including working in partnership with fintechs such as Bud” Source
The $5.8 billion in receivables sold to Synchrony according to a TechCrunch article, “also includes Synchrony’s acquisition of $1 billion in participation interests in PayPal receivables held by certain investors and a chartered financial institution.”; the two companies have partnered since 2004 to offer PayPal users branded credit cards; Synchrony will now be the exclusive issuer of the PayPal Credit online consumer financing program. Source
LendingRobot, who previously only offered automated investing for consumer loans through Lending Club and Prosper announced today that they will...
Bank partnerships are nothing new when it comes to the marketplace lending industry. As the industry has continued to mature...
Today, PeerIQ announced a partnership with information solutions provider TransUnion. PeerIQ is known for its data and analytics capabilities in...
The proposed relationship would allow Chinese consumers traveling to the US to use their Alipay Mobile Wallet; Pablo Simone, head of product and strategy for Chase Merchant Services stated, “We are always looking for ways to deliver more value to our merchants and bring them closer to their customers. A relationship with Alipay would create opportunities that enable Chinese tourists to transact in a way they are familiar with.”; it is estimated that four million Chinese consumers will visit North America this year. Source
According to the WSJ, Goldman Sachs is in talks to offer financing on Apple products; this would be alternative to a consumer financing devices on a credit card; both companies didn’t comment on the story, but if a deal came together it could propel Goldman’s Marcus further into consumer finance. Source