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Bond Street Announces Renewal of Loan Purchase Agreement with Jefferies

February 15, 2017
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press release

NEW YORK (February 15, 2017) — Bond Street, a leading online small business lender, announced the closing of a loan-purchase agreement with Jefferies that renews Jefferies’ prior loan-purchase agreement and expands the size of its loan purchases up to as much as $300 million. This agreement will facilitate Bond Street’s growth and help thousands of […]

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Lendio Announces Record Fourth Quarter and Fiscal Year in 2016, Executive Promotions

February 8, 2017
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Lendio

Lendio, the nation’s leading marketplace for small business loans, today announced that it helped facilitate more than $70 million in financing through its marketplace of more than 75 small business lenders during Q4 2016. The figure represents a 68 percent increase in loans originated through the Lendio platform over Q4 2015. In the last fiscal […]

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Prosper Marketplace Appoints Usama Ashraf Chief Financial Officer

February 1, 2017
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Prosper Marketplace

Formerly with USAA and CIT Group, Ashraf Will Lead the Capital Markets and Finance Functions at Prosper Marketplace SAN FRANCISCO–(BUSINESS WIRE)–Prosper Marketplace announced today it has appointed Usama Ashraf as Chief Financial Officer. As CFO, Ashraf will oversee the company’s capital markets function, as well as all of the company’s finance activities. As head of […]

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Former CIO of the CFPB and FinTech Entrepreneur Joins FinMkt’s Advisory Board

January 31, 2017
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company news

New York City-based FinMkt, a leading provider of marketplace technology solutions for the financial services industry, today announced the addition of Tim Duncan, a seasoned financial technology entrepreneur and innovative leader, to its Advisory Board. Tim brings an impressive roster of experience, including serving on the executive launch team for the U.S. Consumer Financial Protection […]

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Introducing LendingRobot Series: One-Stop Investing in Alternative Lending

January 26, 2017
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LendingRobot

New investment solution combines robo-advisor with Blockchain technology to make investments in Alternative Lending simple, diversified, flexible, and transparent January 26, 2017 – Seattle, WA – LendingRobot, the first robo-advisor for Alternative Lending built for individual investors, announced today the launch of robo-fund LendingRobot Series. Designed as an alternative to traditional fixed income investments, LendingRobot […]

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Ford Credit and AutoFi Debut Platform for Faster, Smoother, Simpler Digital Vehicle Buying and Financing

January 24, 2017
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Ford

New platform allows customers to purchase and finance a new vehicle via the dealer website; platform introduced at Ohio dealership and will roll out over time to more U.S. Ford and Lincoln dealerships Platform makes it fast and convenient to finance a new Ford or Lincoln at a time when many U.S. adults say they […]

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Fifth Third Partners with QED Investors to Advance Fintech Strategy

January 20, 2017
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Fifth Third Bank

CINCINNATI–(BUSINESS WIRE)–Fifth Third Bancorp (Nasdaq: FITB) today announced an innovative partnership between Fifth Third Capital Holdings, LLC and leading financial technology (fintech) venture capital firm QED Investors. Under the exclusive partnership, QED Investors will advise on the continued development of Fifth Third’s strategy to leverage fintech innovation to bring new products and services to bank […]

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New Industry Group Established to Support Consumers’ Right to Access their Financial Data

January 19, 2017
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press release

The Consumer Financial Data Rights (CFDR) group defends consumers’ access to their data and fuels new innovation in fintech REDWOOD CITY, Calif., Jan. 19, 2017 /PRNewswire/ — The Consumer Financial Data Rights (CFDR), a new industry group formed by some of the most recognized companies in the financial sector, officially launched today in support of […]

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Everlasting Capital Releases EverHub, a Front-End Online Portal That Delivers Enhanced Online Capability for Partners and Equipment Vendors

January 17, 2017
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press release

Rochester, NH, January 17, 2017 – a trusted lender of short term working capital, equipment finance & leasing, and consolidations, today announced the general launch of the EverHub front-end solution. Everlasting Capital’s dedicated front-end proposition for Independent Sales Offices and Equipment Vendors provides an improved online service offering for building stronger relationships with our partners […]

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WEX and OnDeck Announce Strategic Partnership to Offer Financing to WEX Small Business Customers

January 17, 2017
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wex ondeck partnership

SOUTH PORTLAND, Maine–(BUSINESS WIRE)–WEX Inc. (NYSE: WEX), a leading provider of corporate and small business payment solutions, and OnDeck® (NYSE: ONDK), a leader in online lending for small business, announced a partnership in which WEX will offer business financing from OnDeck to its small business customers. WEX is a global, multi-channel provider of corporate payment […]

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