It has been an interesting to say the least as we have watched everything play out with the Paycheck Protection...
CNBC has released their 7th annual version of the CNBC Disrupter 50 which consists of startups who have exploited niches...
The largest online small business lender in the US is now PayPal having done $4 billion in loans in 2018;...
It has been reported that Kabbage is interested in acquiring OnDeck Capital. S&P Global recently published an analysis of a potential deal. This week Kabbage announced a new originations milestone of $3 billion since inception. We take a closer look at the originations and pro forma estimates of the two companies provided by S&P Global.
OnDeck's annual originations have increased from approximately $15.9 million in 2008 to $2.40 billion in 2016. Estimates from S&P Global show combined loan originations for the two firms of $3.82 billion for 2016. In addition to synergies from similar balance sheet and securitization funding sources, S&P Global also notes the increased value Kabbage could likely bring to OnDeck's line of credit product. Pro forma estimates put line of credit originations at approximately 50% for the combined entities. Kabbage has considerable expertise in small business line of credit lending and it's a product OnDeck launched in 2013 and has recently been focused on. Source
The fintech world is not taking the summer off. New developments are coming fast and furious, from fundraisings to product launches to government intervention.
Banking for brands startup Bond raised $32 million to capitalize on the exploding trend of B2B2C banking.
Samsung Money launched, leveraging SoFi’s infrastructure. As SoFi again seeks a national banking charter, they could become the de facto leader in this space.
Kabbage and Intuit launched small business bank accounts as extensions of their already deep relationships with SMBs.
And WhatsApp is trialing all sorts of financial services in India just as Chinese fintech super apps are being banned from the country.
As non bank lenders continue to gain market share across different loan segments, we wanted to give a complete overview...
In this week’s PeerIQ Industry Update they cover the worries from a flattening yield curve and credit card debt reaching...
The average loan size for PPP loans to date is $240,000 which fintech lenders have argues is catering to bigger...
Funding Circle has struggled in the public markets since their IPO in 2018; now Funding Circle and their peers have...
Yesterday, the Innovative Lending Platform Association (ILPA), made up of small business online lending leaders OnDeck, Kabbage and CAN Capital,...