That was quick. After receiving preliminary approval from the OCC on December 30, LendingClub announced today that they have now been fully approved to acquire Radius Bank. The deal is expected to close on or around February 1. Here is a statement from CEO of LendingClub, Scott Sanborn, about the approval: This is a transformative […]
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Podcast 281: Sean De Clercq of Kickfurther
Those businesses that make physical products always have the same challenge. They typically have to pay for their inventory before they receive revenue from selling it. This is a balancing act that requires a financial partner and businesses have used a variety of different financing sources, both traditional and fintech. But there has never been […]
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In 2020 for banks and credit union all roads led to digital. The pandemic caused something of a stress test on digital offerings for financial institutions of all sizes. Pretty much everyone saw digital adoption far exceed expectations in several categories. Today, we are going to look at what it meant for one of the […]
Podcast 279: Jerry Wang of Haitou Global
Most U.S. debt investors pay only scant attention to emerging markets. While some are moving into Latin America most are happy to stay in the comfortable confines of the USA and Europe. But some of the best opportunities are in emerging markets today, those markets that do not yet have much of an institutional investor […]