LendingRobot, who previously only offered automated investing for consumer loans through Lending Club and Prosper announced today that they will...
The Portuguese bank announced it will invest in notes issued by CrossLend; CrossLend is a European marketplace lending platform that operates across many European countries; Banco BNI Europa views the investment as a diversification play. Source
Over the past decade we’ve seen consumers warming up to buying everything with multiple payments. It is a phenomenon that...
One of the leading fintechs in small business lending has partnered with the online banking platform Azlo; through the partnership,...
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
Amazon has been in the lending business since 2011; after growing quite significantly from 2015 to 2016 they have more...
A new report released today by the law of firm of Manatt, Phelps & Phillips, LLP shows that community and...
PayPal participated in Tink’s $90 million funding round which was announced back in January; to go along with the investment,...
Petal’s new credit card will focus on the 65 million people who lack credit history for a traditional card; they have been working for three years on their product which uses AI to predict a consumer’s creditworthiness; the company raised a $3.6 million seed round last September and followed with a $13 million Series A in January of 2018; the partnership with WebBank will allow Petal to make the card available nationwide which they anticipate will happen over the next few months. Source
The partnership with Stripe will ultimately help marketplace or gig economy workers get paid faster through Cross River’s API platform;...