Online student lender CommonBond has laid off 22 employees — 18 percent of its staff — as it plans to shift investment into new areas. The layoffs were announced to employees in a company meeting on Tuesday (January 16), a company spokeswoman told Reuters in...
LendingPoint, online lender and provider of the LoanHero point of sale financing platform, announced the appointment of a Citibank executive as its new chief financial officer. In a press release, the company said Antonio Martino is joining the company as CFO. Most recently, Martino was...
Fresh off a $200 million funding round, Affirm's CEO Max Levchin cautions PYMNTS' Karen Webster against thinking the money is simply a validation for the company -- and he says that even tougher, bigger challenges lie ahead. Here's his take on how the stage is being...
Affirm Inc., an online lender, is reportedly in late-stage talks to land a new round of financing that would propel it to unicorn startup status. Bloomberg, citing people familiar with the matter, reported that Affirm is in talks for a round of financing totaling around...
December 12, 2017
Fresh off a $200 million funding round, Affirm's CEO Max Levchin cautions PYMNTS' Karen Webster against thinking the money is simply a validation for the company -- and he says that even tougher, bigger challenges lie ahead. Here's his take on how the stage is being set for growth in point of sale lending and beyond – with an eye on promoting better consumer knowledge (and responsibility) when it comes to their finances.
July 18, 2017
F. Scott Fitzgerald is often quoted as the source behind the phrase, “there are no second acts in American life.” But as we all know and have witnessed, American lives are full of...
April 21, 2019
The Securities and Exchange Commission announced late last week that Prosper, the online lender, has agreed to pay a $3 million fine for misleading retail and other investors via statements it made. In a press release the SEC said it charged Prosper with “miscalculating and materially overstating annualized net returns to retail and other investors.” The […]
January 17, 2019
Online student lender CommonBond has laid off 22 employees — 18 percent of its staff — as it plans to shift investment into new areas. The layoffs were announced to...
February 02, 2018
LendingPoint, online lender and provider of the LoanHero point of sale financing platform, announced the appointment of a Citibank executive as its new chief financial officer. In a press release,...
December 05, 2017
Affirm Inc., an online lender, is reportedly in late-stage talks to land a new round of financing that would propel it to unicorn startup status. Bloomberg, citing people familiar with...
