Lendingtree news and trends

Fresh Wave of Major Cyberattacks Exposes Key Enterprise Security Weaknesses
Cybersecurity // June 11, 2024

On a weekly basis, businesses operating within security-critical industries are reminded that security is critical. In just the past handful of days, three substantial cyberattacks on city governments, healthcare systems, and a sensitive data storage cloud infrastructure platform occurred independently. On Monday (June 10), it...

LendingTree Secures $175 Million in Financing to ‘Navigate Current Market Environment’
Digital Banking // March 27, 2024

LendingTree has secured up to $175 million in financing from funds managed by Apollo affiliates. The company, which operates online financial services marketplace LendingTree.com, will draw $125 million of the first lien term loan facility upon funding, using it for general corporate purposes that may include the repayment of...

LendingTree: Consumers Seek Loans but Credit Availability Has Contracted
Consumer Finance // October 31, 2023

LendingTree continued to be affected by high interest rates and consumers having difficulty accessing credit in the third quarter. During the quarter ended Sept. 30, the online lending marketplace’s revenue totaled $155.2 million, down 35% from the same quarter a year earlier, according to a shareholder letter released...

Provider Ranking of Personal Loan Apps Shows Movement on a Short List
Mobile Applications // March 20, 2023

When a Top 10 list only features eight brands you know they’re something special, and the Provider Ranking of Personal Loans Apps is exactly that. The Top 5 MoneyLion roars at No. 1, like you’d expect from a money lion. At No. 2 it’s SoFi,...

Quick Reads
Report: Consumer Data From Snowflake Hack Being Sold to Cybercriminals

June 20, 2024
Consumer data from LendingTree subsidiary QuoteWizard was reportedly stolen by hackers, who are selling it to the highest bidder on cybercriminal forums. The theft and subsequent sale of stolen data may be part of the incident in which hackers accessed cloud database accounts hosted by Snowflake, Bloomberg reported Thursday (June 20), citing unnamed sources. LendingTree […]

LendingTree Secures $175 Million in Financing to ‘Navigate Current Market Environment’

March 27, 2024
LendingTree has secured up to $175 million in financing from funds managed by Apollo affiliates. The company, which operates online financial services marketplace LendingTree.com, will draw $125 million of the first lien term loan...

LendingTree: Consumers Seek Loans but Credit Availability Has Contracted

October 31, 2023
LendingTree continued to be affected by high interest rates and consumers having difficulty accessing credit in the third quarter. During the quarter ended Sept. 30, the online lending marketplace’s revenue totaled...

LendingTree Invests $80 Million In Millennial-Friendly Investing App Stash

April 30, 2020
LendingTree has announced a strategic investment of $80 million in banking and investment service Stash, part of the latter’s Series F funding round. Other backers of Stash include T. Rowe Price...