#Activehours has raised $ 22 #million in debt and equity financing, bulking up its war chest to #disrupt #payday #lenders and help consumers avoid finance charges on credit cards and overdraft #fees on bank withdrawals. The Series A round was led by Matrix Partners with participation from March Capital Partners as wellRead More
Bank Innovation
#Activehours has raised $ 22 #million in debt and equity financing, bulking up its war chest to #disrupt #payday #lenders and help consumers avoid finance charges on credit cards and overdraft #fees on bank withdrawals. The Series A round was led by Matrix Partners with participation from March Capital Partners as wellRead More
Bank Innovation
Americans are quite happy to look at #nonbank #lenders for #their borrowing needs, but that doesn’t necessarily mean they distrust #banks. A recent J.D. Power survey of small business owners released some startling figures — startling to banks, that is. Most #borrowers, specifically small-business borrowers, consider nonbank lending options for their financingRead More
Bank Innovation
A group of #banks in #Hong #Kong are reportedly developing a #system that uses #blockchain tech to share information about #mortgage valuations.
A group of #banks in #Hong #Kong are reportedly developing a #system that uses #blockchain tech to share information about #mortgage valuations.
A group of #banks in #Hong #Kong are reportedly developing a #system that uses #blockchain tech to share information about #mortgage valuations.
It was only a matter of time before Tinder for balance-sheet #lenders and debt #investors became a thing. Financial matchmaking platform #Blackmoon launched this week in the United States. The platform is designed to help institutional investors access non-bank balance-sheet loans. The Russian marketplace Lending-as-a-Service platform is also adding a New York office to its international… Read More
What a difference a year makes. In 2015, Lending Club was a marketplace-lending leader with a $ 7 billion market cap, and the media was heralding the approaching tech-enabled lending revolution. Now, with Lending Club and OnDeck Capital’s shares getting pummeled by public market investors, news outlets are asking if this is the end for #fintech #lenders. Read More
What a difference a year makes. In 2015, Lending Club was a marketplace-lending leader with a $ 7 billion market cap, and the media was heralding the approaching tech-enabled lending revolution. Now, with Lending Club and OnDeck Capital’s shares getting pummeled by public market investors, news outlets are asking if this is the end for #fintech #lenders. Read More
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