The post recession period in general — and the first half of the 2010s specifically — have at various times and in various publications been described as a “perfect storm.” A storm that the plethora of online lenders stepped in to fill. Though they come in a variety of...
Future Finance, an online lending startup specializing in student loans, secured £119 million ($170 million) in funding from investors, including QED Investors and Blackstone Strategic Opportunity Fund. In a press release on Monday (March 14) the U.K. company confirmed nearly £100 million ($143 million) of...
Marketplace lender Prosper launched its first mobile app, designed to provide customers with the tools to help make smarter financial decisions, the company announced on Thursday (March 10). The free Prosper Daily mobile app will enable users to view their financial accounts in a single...
Newly launched CapitalFront is bringing working capital financing and other lending products to SMEs. CEO Brian Simon discusses the ways a tech-oriented firm can use experience (and follow-up) to serve smaller firms more efficiently than traditional lenders.
There’s a $4.9 billion prepaid market opportunity right under your nose, where transaction volume is on the rise and adoption is soaring. But where is it? Join Peter Read, President of Peoples Card Services and MPD CEO Karen Webster for a digital discussion on Tuesday,...
PricewaterhouseCoopers is making a move on the rapidly expanding “gig” economy with a marketplace that matches freelancers with internal corporate projects. The largest assurance and advisory firm by revenue, PwC is leveraging its powerful market position into what it is calling the “Talent Exchange.” The...
German payments firm Wirecard announced Wednesday (March 2) the launch of its new Visa prepaid card called mycard2go. The product is issued by Wirecard Bank AG and is the first Visa Simply One combined card, featuring the capability of a traditional credit card but also...
When the legal system makes your business model a shaky one, change the model. That’s a shift online lender Lending Club is mulling over — one in which the firm may have to forgo at least some of its revenues in an effort to keep...
As FinTech startups bring more transparency and convenience into an industry that has operated on the same principles since modern finance began, banks have had to decide whether they were going to move in that direction, too, or dig their heels in and get ready...
