Credit card bill payment platform CRED is reportedly planning to invest $10 million in peer-to-peer (P2P) lending platform LiquiLoans. With the investment, CRED would acquire a minority stake, LiquiLoans would be valued at $200 million and the two companies would form a strategic alliance, expanding...
In further evidence of its journey to become a direct-to-consumer digital bank, LendingClub’s latest results showed significant growth in deposits, in loan originations, and in activity across its core marketplace. The company, of course, closed its acquisition of Radius Bancorp last year. And back then,...
Zopa, the United Kingdom-based peer-to-peer (P2P) lender, has reached its latest milestone and received its banking license as it takes on traditional banks, the Financial Times reported. “We never thought we would be launching in such an extraordinary set of circumstances, but we believe that,...
LendingClub on Tuesday (Feb. 18) posted results that showed continued growth in loan originations, up mid-single-digit percentages year over year – results that were possibly overshadowed by a deal the online lender struck to buy US bank Radius Bancorp for $185 million. CEO Scott Sanborn...
July 19, 2024
The Consumer Financial Protection Bureau (CFPB) is intensifying its scrutiny of SoLo Funds, a lending startup backed by tennis star Serena Williams. The CFPB has introduced a proposed rule that would restrict the way SoLo charges its customers. This action follows a lawsuit filed by the regulator earlier this year, alleging deceptive lending practices by […]
September 16, 2022
Credit card bill payment platform CRED is reportedly planning to invest $10 million in peer-to-peer (P2P) lending platform LiquiLoans. With the investment, CRED would acquire a minority stake, LiquiLoans would...
June 24, 2020
Zopa, the United Kingdom-based peer-to-peer (P2P) lender, has reached its latest milestone and received its banking license as it takes on traditional banks, the Financial Times reported. “We never thought...
April 05, 2019
SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform. The company noted there are 100,000 Visa cardholders...
