Articles by Gerelyn Terzo

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PayPal & LendUp Bridge Financial Inclusion Gap

July 25, 2017
Article by:

Sasha Orloff

Sasha Orloff, CEO, LendUp PayPal put its stamp of approval on fintech startup LendUp, evidenced by a strategic investment by the eBay spinoff in recent weeks. In doing so PayPal demonstrated its commitment to non-prime borrowers, which is the demographic that San Francisco-based LendUp targets. The pairing brings together the chief executives of two companies […]

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Fintech Remains Loyal to Prosper & Suber

July 10, 2017
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Prosper Marketplace

When deBanked reached out to fintech market participants for comment on Ron Suber’s sudden departure as Prosper’s president, the responses were the same — ‘anything for Ron.’ Dubbed the Godfather of fintech, Suber might deserve superhero status given the recapitalization that he and the Vermuts led half a decade ago to save Prosper Marketplace. That […]

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Easy as Pie? Square Reaches For a Slice of the Consumer Lending Market

June 30, 2017
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square transaction

Ladies love brunch #sundays #englewood #food #fun #family #southerncomfort #soulfusion #elevatedofferings #burn&bake #chef #baker #brunch #byob #dessert #picoftheday #chefdanielle #letsgo #letsgo A post shared by Mr. Tod (@mrtodspies) on Jul 31, 2016 at 7:08pm PDT Tod Wilson, founder of Mr. Tod’s Pie Factory in Englewood, N.J., is a Square Capital chief evangelist. Mr. Tod not […]

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SoFi Bank Puts ILC Charter in Spotlight

June 28, 2017
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SoFi

is SoFi exploiting a legal loophole? Christopher Cole, EVP & Senior Regulatory Counsel, ICBA Online lender SoFi’s decision to apply for a bank charter has snagged the attention of alternative lenders, big and small banks and regulators alike. Market participants appear split between cheering the move and drawing a line in the sand. One thing […]

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Amazon vs. Banks

June 23, 2017
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Amazon vs Banks

Amazon made headlines most recently for its blockbuster acquisition of Whole Foods, but the online behemoth already disrupted another sector – fintech — including banks and online lenders when in 2011 it started lending to small businesses. So far Amazon Lending has extended $3 billion-plus in capital to the small business community, a cool billion […]

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Fintech Carries the Torch in Northern Delaware

June 14, 2017
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Rodney Square in Wilmington, DE

Glen Trudel, Partner, Ballard Spahr Delaware’s history in financial services is rich. The Financial Center Development Act of 1981, for instance, which rolled back the limits on how much lenders could charge as interest on consumer credit, attracted some of the biggest names in banking to the state over the past several decades. Now fintech […]

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Marketplace Lending: The Next 10 Years

June 7, 2017
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Looking out at the future

The marketplace for consumer and small-business loans has come a long way over the last 10 years. Since the early days of peer-to-peer lending, there has been a great proliferation of new types of intermediaries creating new layers of distribution for the risk involved with the lending process. Now marketplace lending has reached an inflection […]

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Bitcoin: The Sky’s the Limit?

May 26, 2017
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Bitcoin

Investors, merchants and miners all watched as bitcoin’s price ran up knocking on the door of the $2,800 level. The digital currency has climbed nearly 50 percent in the past week and by triple digits in 2017, evoking emotions ranging from euphoria to fear that a bubble is among us. And while the price has […]

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Goldman, Cohen Bet on Nav

May 19, 2017
Article by:

Levi King, Nav

CEO Levi King, Nav Goldman Sachs. Steve Cohen. These are a couple of the high-profile investors that small business credit and finance startup Nav has attracted to line its coffers. Nav recently lifted the size of a Series B round by $13 million for lead investor Goldman Sachs Principal Strategic Investments as well as Cohen’s […]

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The Tesla of Alternative Lending

May 16, 2017
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Upstart Founders

Tesla has autopilot. Apple has Siri. And Upstart has its own high-tech software model that places the startup in a category of its own for online lending. All three of these companies may be very different but what they have in common is a reliance on artificial intelligence and machine learning for their proprietary technology. […]

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