lending

  • Small business loan platform Kabbage nabs $250M from Softbank

    Small business loan platform Kabbage nabs $250M from Softbank

    Kabbage, a company with some 115,000 customers and $3.5 billion in loans that has built an automated platform for lending money to small businesses and individuals using a large set of data points to determine a customer’s credit score, is announcing some big cabbage of its own today. SoftBank Group is investing $250 million in Kabbage — funding that Rob Frohwein, the co-founder… Read More

  • Affirm now has 1,000 retail partners

    Affirm now has 1,000 retail partners

    Today Affirm has announced that it has more than 1,000 merchants signed up to offer its financing options at checkout, helping to reduce the friction around making large purchases and, by extension, increasing sales for its partners. Read More

  • Wealthfront has launched a lending product

    Automated financial investment and advisory service provider Wealthfront is now getting into the lending business. It seems like a good way for the company to juice revenues through interest payments rather than a fee-based model which would require going head-to-head with the growing number of asset managers that are now offering mixed automated investment and human advisory services. Right… Read More

  • Elevate Credit pulls off lending IPO

    Elevate Credit pulls off lending IPO

    After postponing its IPO last year, Elevate Credit, the venture-backed lending company, went public on the New York Stock Exchange today. Elevate priced at $6.50 per share, closing the day up over 19 percent at $7.76, but this was still well below the expected range of $12 to $14. They decided to go through with the offering to take advantage of an open “IPO window,” with a… Read More

  • How new tech can improve the loan process Crunch Network

    How new tech can improve the loan process

    Anyone who keeps up with the stock market is likely aware that Lending Club is in hot water. Anyone with professional lending experience is likely unphased by this. Even so, peer-to-peer services remain popular. Because of that, traditional lenders are finally feeling pressure to use technology to improve their own processes, and we’re already seeing substantial progress throughout… 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

  • Lessons From An Advertising Past Crunch Network

    Lessons From An Advertising Past

    The Lending Club IPO was a watershed moment for marketplace lending. One of the largest U.S. public Internet offerings ever, its success makes crystal clear that peer-to-peer lending is not only here to stay, but is poised to grow enormously. With this stamp of validation behind it, the next question is: What lies ahead for the future of marketplace lending? Read More