loans

  • Affirm is partnering with Expedia and Eventbrite so you can pay for experiences over time

    Affirm is partnering with Expedia and Eventbrite so you can pay for experiences over time

    Affirm has made it no secret that its success will hinge on its ability to offer customers a wide range of retail partners where they can frequently use Affirm to pay. While the lending startup originally launched with niche partners like Casper mattresses and Boosted Boards, they have expanded partnerships to over 700 retail merchants with the hopes of tempting a more diverse range of… Read More

  • Google to restrict ads for payday loans

    Google to restrict ads for payday loans

    Google announced today that it will no longer allow payday lenders to advertise on its systems because the loans often come with high interest rates and quick repayment requirements that push borrowers into debt. Payday lenders offer quick cash to low-income people, who are then required to pay back their loans within a short time frame. If they don’t, they face exorbitant interest rates… Read More

  • E-susu aims to close the gap between community loan groups and traditional banking services

    E-susu aims to close the gap between community loan groups and traditional banking services

    An interesting hack presented on stage today at TechCrunch Disrupt New York 2016 is a platform for non-traditional banking services. Called e-susu, the app is designed for people who are involved with informal loan groups to help them better manage the process of lending money within a family or community group, as well as encouraging the saving process via increased transparency. Read More

  • Affirm secures $100M in Series D funding to expand beyond loans

    Affirm secures $100M in Series D funding to expand beyond loans

    Affirm, the alternative lending site started by PayPal co-founder Max Levchin, has raised a $100M Series D led by fellow PayPal co-founder Peter Thiel’s Founders Fund. The all equity round, which was confirmed to TechCrunch by the company, also included participation from existing investors including Lightspeed Venture Partners, Spark Capital, Khosla Ventures, Andreessen Horowitz… Read More

  • Future Finance raises $171M to grow its student loan platform in Europe

    Future Finance raises $171M to grow its student loan platform in Europe

    The idea of student loans is still a relatively new one in many parts of Europe, where university education in several countries is either entirely or largely subsidised by the government. But as that begins to change, and more young people and their families are being required to pony up academic and living fees, a new startup hopes to capitalise on the emerging gap to help… Read More

  • J.P. Morgan, OnDeck And The Future of Alternative Lending Crunch Network

    J.P. Morgan, OnDeck And The Future of Alternative Lending

    Earlier this month, J.P. Morgan announced a strategic partnership with OnDeck Capital to originate, underwrite, and distribute loans targeted specifically at small businesses. As evidenced by a 28% single-day spike in OnDeck’s share price, this announcement clearly is a big deal to one of the leading FinTech companies today, and has major implications for the future of alternative lending. Read More

  • 11 Actual “Rooms” For Rent In SF That Are More Than Your Midwestern Mortgage

    Let’s be honest, every apartment for rent in San Francisco is more than the average Midwestern mortgage. An ordinary 35-44-year-old homeowner in the U.S. hands over about $1,073 per month for their house payment, according to the Bureau of Labor Statistics. The SF average for a one bedroom apartment is nearly three times that, at $2965 per month. Of course, the high rent has much to… Read More

  • Google Launches Mortgage Shopping Tool In California, More States Coming Soon

    Google Launches Mortgage Shopping Tool In California, More States Coming Soon

    Google is now a licensed mortgage broker in California. The company today launched a mortgage comparison tool for home shoppers in California, with support for more states coming soon. Today’s announcement doesn’t come as a major surprise, given that the company already signaled its intentions to launch this product earlier this year. Read More