loans

  • 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

  • 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