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. Rising Inflation, Bank Earnings, Deep-Dive on Inflation Trends from PeerIQ – The latest PeerIQ newsletter takes a look […]
- An Inside Look at Bank/Fintech Partnerships: Promontory Interfinancial Network and SoFiThe recent surge in financial innovation has caused many community banks to rethink how they are serving their customers and what they can do to improve that experience. I recently spoke with two community banks, Blue Ridge Bank and Pioneer Bank, about their decision to buy SoFi loans using Promontory Interfinancial Network’s service. Source.
- German Small Business Lending Platform Creditshelf Closes Its IPOCreditshelf is a German marketplace lending platform that launched in 2015. While it has originated just €58 million in loans this week it closed its IPO raising €16.5 million at €80.00 per share. This marks the second European fintech IPO this month as Portuguese platform Raize began trading in Lisbon just this week. Creditshelf’s shares will […]
- Elevate Announces a New Subprime Credit Card With Prime-Like FeaturesSubprime lender Elevate announced the release of a new credit card called Today Card powered by Mastercard. Today Card will be issued by Capital Community Bank of Utah and will feature benefits usually reserved for prime credit cards. Benefits include a mobile first experience, credit lines up to $3,500, rates starting at 29.99%, zero liability […]