loans

P2P Lender Funding Circle Addresses Investors’ Withdrawal Concerns
P2P Lender Funding Circle Addresses Investors’ Withdrawal Concerns
October 11, 2019  |  Loans

Peer-to-peer (P2P) British-based lender Funding Circle sent out a letter to investors after they were unable to take out funds from the platform. The Financial...

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WeWork Calls For Looser Loan Policies For Co-Working Tenants
WeWork Calls For Looser Loan Policies For Co-Working Tenants
October 11, 2019  |  Loans

A WeWork executive is calling for real estate lenders to be more flexible when it comes to their co-working tenants. “It’s important for lenders to...

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LendingClub Offers Same-Day Loan Settlements
LendingClub Offers Same-Day Loan Settlements
October 10, 2019  |  Loans

LendingClub, an online marketplace that connects borrowers and investors, has launched a new marketplace called LCX with the intention of drawing a larger swath of...

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Upgrade Card Combines Credit Card Acceptance With Installment Payments Flexibility
Upgrade Card Combines Credit Card Acceptance With Installment Payments Flexibility
October 10, 2019  |  Loans

Twelve years ago, LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt. That product was...

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Thai’s KBank Offers Digital Loans To Online Sellers
Thai’s KBank Offers Digital Loans To Online Sellers
October 02, 2019  |  International

Thailand’s Kasikornbank (KBank) will provide loans of up to 600,000 baht ($19,570) to eCommerce merchants selling on the Shopee platform, Reuters reported on Wednesday (Oct....

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Goldman’s Marcus Has Lost $1.3B Since 2016
Goldman’s Marcus Has Lost $1.3B Since 2016
September 29, 2019  |  Banking

Consumer bank Marcus, launched by Goldman Sachs in 2016, has lost $1.3 billion despite buying startups and building call centers in Utah and Texas, The...

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Carvana Now Offers Online Auto Loans
Carvana Now Offers Online Auto Loans
September 25, 2019  |  Loans

Carvana, the company that lets consumers browse and purchase vehicles online, has added a new virtual financing option, according to reports. The company has teamed...

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AI Loan Startup Kreditech Raises $22M For Global Growth
AI Loan Startup Kreditech Raises $22M For Global Growth
September 25, 2019  |  Investments

Kreditech, an AI-based loan startup that targets emerging markets, has raised $22 million in its latest funding round, according to a report. Based in Hamburg,...

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Kabbage Acquires SMB Data Analytics Firm Radius
Kabbage Acquires SMB Data Analytics Firm Radius
September 04, 2019  |  B2B Payments

Small business lending platform Kabbage has announced the acquisition of data analytics platform Radius Intelligence. In a press release on Tuesday (Sept. 3), Kabbage said...

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