SoFi

  • How startups are trying to fix consumer debt Crunch Network

    How startups are trying to fix consumer debt

    Consumer debt remains one of the biggest challenges with the American economy. The average household has $130,922 in debt, and debt interest payments represent 9 percent of the average household income. The silver lining is that with tough problems comes the opportunity for tech companies and investors to build solutions to address them. Here are some of the startups helping us get out of debt. Read More

  • The mercurial nature of P2P lending Crunch Network

    The mercurial nature of P2P lending

    The meteoric rise of e-lending platforms attracted a lot of interest among investors and entrepreneurs. Lending Club and OnDeck have already become public companies, and their competitors, such as Funding Circle, SoFi, Prosper, RateSetter, Zopa, Avant, Kabbage and others continue to develop and increase their loan portfolios. Read More

  • For online lenders, it’s suddenly touch-and-go

    For online lenders, it’s suddenly touch-and-go

    A year ago, privately held online lenders like Prosper, SoFi and Avant looked all but certain to go public at the same unicorn valuations their venture investors had assigned them — if not higher. They were seemingly reshaping the student, consumer and small business lending business. The market they’re chasing is enormous: The U.S. consumer lending market is a $3.5… Read More

  • Why startups can’t disrupt the mortgage industry Crunch Network

    Why startups can’t disrupt the mortgage industry

    Home loans are the Holy Grail of online lending. They come with high loan balances, steady returns and hefty fees. There also is a healthy liquid market for the securitized loans, and the debt is asset backed, which reduces risk and opens up the investor pool. On top of that, “establishment” mortgage lenders are not leading the pack with innovation, which means there is a lot of… Read More

  • Climb Credit looks to transform student lending with a new business model based on graduate success

    Climb Credit looks to transform student lending with a new business model based on graduate success

    The U.S. is facing a crisis in higher education. Once the ticket to the middle class life at the center of the fabled “American Dream”, the college and university experience is now under attack from all sides. Education has become pricier, while graduates are less prepared for jobs in either the white collar or blue collar workforce. Read More

  • How SoFi can ruin fintech for everyone Crunch Network

    How SoFi can ruin fintech for everyone

    I’m going to start by saying I’m actually a huge fan of SoFi. I think they have a great product, they’ve built an incredible business and their growth in a regulated and complex industry is impressive. And I say this even though I’ve had my student loan refinance denied by them — they still provide a great experience. However, some recent strategic choices at… Read More

  • Our 2016 Predictions For The IPO Market

    2015 was not a good year for IPOs — it was actually the worst year for tech IPOs since the financial crisis in 2009. More and more startups are opting to remain private for longer periods of time. And while we still haven’t seen any IPOs in 2016, the slowest start since 2009, eventually venture-backed companies need to go public — if only to raise additional financing to… Read More

  • PieSync, The Belgium Startup That Syncs Contacts Across Cloud Apps, Raises $1.6M

    PieSync, The Belgium Startup That Syncs Contacts Across Cloud Apps, Raises $1.6M

    Riding the coattails of a ‘small pieces, loosely joined’ approach to the enterprise, Belgium startup PieSync offers a platform that connects a plethora of cloud applications and syncs contacts stored in those apps two-way. That’s no mean feat considering the risk of data corruption or overwriting an important contact’s information, which is why, says PieSync, companies… Read More

  • Online Lender SoFi Seems To Push Back IPO Plans, Raising $1 Billion

    Online Lender SoFi Seems To Push Back IPO Plans, Raising $1 Billion

    Back in May, Mike Cagney, the CEO of online lender Social Finance, told CNBC’s “Squawk Box” that his company was “profitable and as any private company we want to be opportunistic about when we go public,” adding that, “realistically in the next 12 months, it will happen.” That plan might have just changed. This morning, SoFi, as the company is… Read More