lending

  • Are employers the latest financial services disruptors? Crunch Network

    Are employers the latest financial services disruptors?

    Much like healthcare years ago, financial wellness is evolving into an essential employee benefit. Valuable to both employers and employees, this trend offers ripe opportunity for innovation. Read More

  • Small business lending in Mexico gets a boost

    Small business lending in Mexico gets a boost

    Micro-lending and small business financing are a critical component of economic growth around the world, and the need for access to low-cost capital is especially important in developing countries. The Catch-22 is that these countries are also the ones where the lending markets are the least developed. The problem is especially acute in Mexico. Read More

  • Dharma wants to let anyone borrow a small amount of cryptocurrency

    Dharma wants to let anyone borrow a small amount of cryptocurrency

    dApps, or decentralized apps, are open-source applications built on top of a blockchain. But here’s the thing – users usually can’t interact with these dApps unless they have tokens issued by these projects. For example, both Augur, a decentralized prediction market and REXMLS, a free global listing network for real estate, require tokens to interact with. But if you… Read More

  • 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