PYMNTS-MonitorEdge-May-2024

lending platform

Upstart Stock Plunges 34% After Lower-Than-Expected Guidance
Upstart Stock Plunges 34% After Lower-Than-Expected Guidance
August 09, 2023  |  artificial intelligence

Artificial intelligence (AI) lending platform Upstart saw its stock plummet 34% Wednesday (Aug. 9). This follows the company’s delivery of an outlook for the third quarter...

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Upstart’s Unsecured Loan Automation Reaches All-Time High
Upstart’s Unsecured Loan Automation Reaches All-Time High
August 08, 2023  |  Earnings

Artificial intelligence (AI) lending platform Upstart has reached a record percentage of automated unsecured loans. “Last quarter, we reached an all-time high of 88% of unsecured loans...

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Abound CEO Says AI-Driven Lending Still Needs People to Perform
Abound CEO Says AI-Driven Lending Still Needs People to Perform
March 22, 2023  |  artificial intelligence

Traditional consumer credit scoring, which overlooks a large proportion of the population, may have been the norm for years, but Gerald Chappell, CEO and co-founder...

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Walmart Teams With Citigroup on Digital Lending for 10,000 Small Business Vendors
Walmart Teams With Citigroup on Digital Lending for 10,000 Small Business Vendors
February 28, 2023  |  B2B Payments

Collaborating to improve working capital access for its network of small suppliers, Walmart is teaming with Citi, bringing the Bridge built by Citi lending platform...

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Bitcoin Daily: Galaxy Digital Ventures Leads $7.1M Round For Blockchain Intel Firm; London’s Everledger Secures $20M For Blockchain Tracking
Bitcoin Daily: Galaxy Digital Ventures Leads $7.1M Round For Blockchain Intel Firm; London’s Everledger Secures...
September 25, 2019  |  Bitcoin

Flipside Crypto announced that it has raised $7.1 million in a Series Seed Prime financing. The round was led by Galaxy Digital Ventures with participation...

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Online Lender CommonBond Cuts 18 Pct Of Employees
Online Lender CommonBond Cuts 18 Pct Of Employees
January 17, 2019  |  Personnel

Online student lender CommonBond has laid off 22 employees — 18 percent of its staff — as it plans to shift investment into new areas....

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Breakout Capital Opens Door To Factoring Companies
Breakout Capital Opens Door To Factoring Companies
January 29, 2018  |  B2B Payments

Small and medium-sized business (SMB) lending company Breakout Capital is expanding its product line, according to company reports on Friday (Jan. 26). The firm is...

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Mitek Names New CTO
Mitek Names New CTO
March 24, 2016  |  Mobile Commerce

Mobile capture and identity verification firm Mitek said on Wednesday (March 23) that it has appointed Stephen Ritter as the firm’s chief technology officer. In...

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