For a lot of Americans, mainstream financial services represent a menu full of goods that aren’t desirable, aren’t affordable or just aren’t applicable. And this isn’t through any fault of their own — the marketplace has changed. Consumers who used to work 9-5 jobs are now...
Alternative lending was supposed to be the way SMEs broke through banking barriers to gain access to capital, enabling them to boost growth opportunities, investment options, commercialization of innovations and employment. But recent data shows that businesses aren’t lining up outside alt lenders’ digital doors...
In a filing Monday, Prosper has reported net losses for 2016 that have more than quadrupled — yet another sign that marketplace lending has a lot of rebuilding to do in 2017. All in all, Prosper logged an annual loss of $118.7 million, up from...
A year ago, the future of short-term, small-dollar loans in the U.S. — better known colloquially as payday loans — was rather grim. The CFPB was a few weeks away from releasing new draft regulations, and the money was on regs that would by and large neuter the industry. When the...
Financial services tech firm Vyze is announcing today that Zibby will be joining its lending platform — meaning going forward, Zibby lease payment option will be one retailers using Vyze can offer to their customers at the point of sale. Vyze looks to make POS...
Akouba, the Chicago startup, has been endorsed by the American Bankers Association (ABA) as a technology provider to help its members offer online lending to small businesses. According to a report by Reuters, in January, the ABA, the trade group for banks in the U.S., held...
The year 2016 was not exactly a banner year for the alternative lending segment as many firms saw their business models crater and investors look for better things to do with their money. BlueVine begs to differ — 2016 was, by all accounts, a pretty...
Among the biggest challenges to doing something new — particularly in retail — is overcoming the mountain known as “what has already been done.” Because whatever it is that is already being done has a lot going for it — the merchant is used to...
Vyze, a cloud-based financial technology company for retailers and manufacturers, announced Wednesday (Jan. 25) that it continues to grow its financing platform that provides consumers with access to capital. In a press release, Vyze said that, as of Jan. 2017, its platform has connected hundreds of...
