online lending

Online lenders pull out the popcorn, as the Trump administration fights to control the CFPB

There’s another battle brewing in Washington, though it may not matter all that much to the many venture-backed online lending companies that sprang into existence in the wake of post-crisis reg

Financial tech startup WeLab raises $220M from investors including Alibaba, the IFC and Credit Suisse

WeLab, an financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity and debt financing. The round, which WeLab says is its Series

Online lender Earnest sells to Navient, in a disappointing deal for investors

Earnest, a well-funded fintech startup with bold ambitions to create a modern financial institution, is selling to the student-loan company Navient for $155 million in cash. The WSJ was first to repor

Original Tech helps banks offer better loan applications

Americans apply for more than 250 million new financial products each year, but the majority of those applications are completed on paper or over the phone. A startup called Original Tech wants to c

SoFi loses another senior executive, as chief revenue officer Michael Tannenbaum departs

Online finance startup SoFi has lost yet another senior executive, TechCrunch has learned. Chief revenue officer Michael Tannenbaum is the latest exec to leave, following a string of departures in the

Millennial lender Upstart just raised $32.5 million to license its tech to other companies

Upstart, a nearly five-year-old online lending company that prides itself on quickly identifying people who are less likely to default on money leant them, has raised $32.5 million in fresh fundin

Online lender Kreditech closes out Series C at $103M after getting $11M from the IFC

Kreditech — the German startup that offers loans and other financial services to consumers who have little or no credit history by using some 20,000 data points online to assess their suitabili

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 t

Online Lending Platform WeLab Gets $160M Series B To Expand In China

WeLab, an online lending platform based in Beijing and Hong Kong, will launch more financial products in China after landing an impressive $160 million Series B. The round was led by Khazanah Nasional

New Loan Refinancing Tool And $17M Round Shows The Importance Of Earnest

Startup lender Earnest has launched a student loan refinancing service offering loans with annual payment rates as low as 1.9%. The flexible loans, with options to change the rates of repayment at aut

After Declining Wonga Offers, On Deck Lands $42M From IVP, SAP & First Round To Bring Online Lending To Main Street

Not all small businesses and startups are lucky enough to raise venture capital. When Main Street business owners, like your local tailor, barber or florist find themselves in need of capital to help