loans

Tesla uses auto leases to raise $546 million in asset backed securities

Tesla is using its car leases as collateral for a big $546 million loan as it turns to debt markets to raise additional cash to combat the blistering burn rate of its auto and energy business, accordi

MoneyLion raises $42M to grow its personal finance platform for the middle class

MoneyLion, the part lending, part savings and part wealth management app targeted at the financial middle class has raised $42M in Series B funding.This brings total equity funding to $67M since being

INSIKT raises $50 million to lend to low-income communities

Loans can be the hardest to get for the people who need them the most. An estimated 45 million Americans don’t have a credit score and others have trouble bringing up their scores, even if the

With new funding, Tuition.io moves from student loan management to student loan repayments

Back in 2014, Tuition.io was pitching itself as a management platform for student loan repayments. Now, three years later the company has raised $7 million in new financing as it moves from loan manag

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

Magilla is a search engine for mortgages and business loans

If you've ever needed to take out a mortgage or a loan for your business, you probably know how difficult it is to find the right terms or borrower to work with. Magilla Loans is seeking to change th

Kreditech raises €110M from Naspers’ PayU in strategic financing partnership

Kreditech, the German startup backed by Peter Thiel, Rakuten and the IFC that creates credit ratings and provides finance to people who may not otherwise have credit histories, has raised another ro

CommonBond now offers direct student loans alongside debt refinancing

CommonBond, one of the biggest of the second generation of startups tackling online lending, has launched a direct student loan product as it expands its footprint in the debt business. The company is

Payday loan firm Wonga suffers data breach affecting up to 270,000

Payday loan firm Wonga has suffered a data breach affecting up to 245,000 customers in the U.K. A further 25,000 customers in Poland may also be affected, according to the BBC.

Kabbage nabs $500M for small business loans

Kabbage, a billion-dollar startup that combines machine learning algorithms, data from public profiles on the internet and other factors to rate and then loan people money for their small businesse

Looking to sell utility billing data to lenders, Urjanet rakes in $20 million

With a pitch to provide utility payment data to lending companies, Atlanta-based Urjanet has managed to raise $20 million in new financing. Lenders are hungry for new ways to loan money to consumers 

Cross River Bank gets unconventional validation with a $28M VC round

In a rare move, Battery Ventures, Andreessen Horowitz and Ribbit Capital, investors in a number of Silicon Valley's fintech startups, have backed the bank enabling many of their investments to lurch f

Amazon ends its student loan partnership with Wells Fargo, six weeks after launch

Amazon’s latest perk — discounted student loans, aimed at Amazon Prime Student customers — is no more, according to a report from Bloomberg, and confirmed by both companies. The p

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 a

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 fi

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 ha

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

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 perso

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 minute

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 orig
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