loans

  • Amazon Prime’s latest perk is discounted student loans

    Amazon Prime’s latest perk is discounted student loans

    Amazon Prime is known for its 2-day shipping service and other perks, like free movies and TV shows for streaming through Prime Video and unlimited photo storage, among other things. But now you can add another benefit to the growing selection of perks that come with being a Prime customer: student loan discounts. Wells Fargo and Amazon announced this morning plans to offer Amazon Prime… Read More

  • Airfordable lets you pay for travel over time

    Airfordable lets you pay for travel over time

    Flying is expensive. So Airfordable is launching from Y Combinator’s Summer ’16 batch to let you book flights and pay over time before you take off. Here’s how it works: Travelers find their preferred flight online (using any travel site they want) and upload a screenshot with their flight details. Once you are approved, the startup calculates a payment plan (up to 3… Read More

  • Student loan platform CommonBond raises $300M and $30M in equity, buys Gradible

    Student loan platform CommonBond raises $300M and $30M in equity, buys Gradible

    Some online loan platforms have taken a hit of late, but not all of them are struggling: today, CommonBond, a platform that specialises in loans and refinancing for students, is announcing that it has raised $300 million in debt to loan out to prospective borrowers; and a further $30 million in a Series C equity round to continue building out its platform. On top of this, the company has… Read More

  • Blackmoon launches in the US to match investors with balance-sheet lenders

    Blackmoon launches in the US to match investors with balance-sheet lenders

    It was only a matter of time before Tinder for balance-sheet lenders and debt investors became a thing. Financial matchmaking platform Blackmoon launched this week in the United States. The platform is designed to help institutional investors access non-bank balance-sheet loans. The Russian marketplace Lending-as-a-Service platform is also adding a New York office to its international… Read More

  • MoneyLion brings traditional banking ever closer to obsolescence

    MoneyLion brings traditional banking ever closer to obsolescence

    The lingo of personal finance is rapidly changing. Mint has replaced our nagging parents and significant others who think our spending is out of control. Wealthfront and Betterment took away our personal wealth managers. Heck, we don’t even have to go to a bank anymore to get a loan with SoFi or Lending Club. Since 2013, CEO Diwakar Choubey and his team have been developing MoneyLion… Read More

  • Kabbage partners with Scotiabank to provide small business loans in Canada and Mexico

    Kabbage partners with Scotiabank to provide small business loans in Canada and Mexico

    Small business lending platform Kabbage announced a partnership with Scotiabank today to make it easier for residents of Canada and Mexico to take out small business loans of up to $100,000 in minutes. Kabbage has historically worked directly with business owners. The company offers rapid evaluation and a line of credit. The company has relied on partnerships with banks like Silicon Valley… Read More

  • 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