During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. Losses Pile Up at Fintech Firm SoFi as Rates Rise from The Wall Street Journal – The Wall […]
Today’s News
- PayPal and Square Becoming Leaders in Small Business LendingPayPal and Square are quietly becoming two of the largest small business lenders in the country. They are often dealing with very small businesses that banks are not able to serve. But these fintech powerhouses have a unique advantage: they see transaction level data that banks cannot see. Loan sizes are also starting to tick […]
- CommonBond Partnering With Fifth Third on Student LoansLeading student loan platform, CommonBond, is deepening its partnership with Fifth Third Bank, one of the top 25 largest banks in the country. After leading a $50 million equity investment in CommonBond earlier this year Fifth Third Bank will offer student loan refinancing on its website for the first time in collaboration with CommonBond. Interested […]
- Digital Real Estate Startups Find Struggle After Early SuccessDigital real estate startups like Redfin, Zillow, Opendoor and Nested are beginning to find some struggles in gaining market share; companies are still struggling to break into double digits when it comes to market share as some areas have seen the real estate market cool and competitors offer similar products; most of the startups operate […]
LATEST PODCASTS
Podcast 176: Anil Stocker of MarketInvoice
In the UK, Barclays is one of the “big four” banks with more than £1 trillion in assets. MarketInvoice is the leading fintech company that specializes in invoice finance, and though it is relatively large it will only lend around £1 billion this year. Despite the difference in size, or maybe because of it, Barclays […]
Podcast 175: Jason Brown of Tally
Despite the growth of the personal loan business, and in particular debt consolidation loans, the total amount of outstanding credit card debt keeps rising and is now well over $1 trillion. We need more creative ways to solve this problem. Our next guest on the Lend Academy Podcast has taken a unique approach to credit […]
Podcast 174: Kathryn Petralia of Kabbage
The most downloaded episode of the Lend Academy Podcast in 2015 was my discussion with Kathryn Petralia, the Co-Founder and President of Kabbage. That was more than three years ago and a lot has changed at Kabbage and in the industry since then. Kabbage is one of the leading small business lenders in the country […]