Online Lending

Don’t Forget About FastFlex

November 13, 2017
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FastFlex

The OnDeck-Chase partnership isn’t the only game in town when it comes to fast weekly payment bank loans. Wells Fargo announced their own program, called FastFlex, in 2016 as part of a goal to lend $100 Billion to small businesses over five years. deBanked was shown an anonymized bank statement snippet recently of a merchant […]

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From Ineligible to 0% APR – Los Angeles Company Monetizes Startup Leads, Combats Stacking

November 10, 2017
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Credit Cards

Merchants have no shortage of options when it comes to accessing funding in today’s climate. And while MCAs and loan products have become more pervasive, one company’s solution is to reintroduce traditional financing in a strategic manner. Seek Business Capital finds credit card offers and credit lines for the credit-worthy who may not be eligible […]

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Lending Club is Discontinuing F and G Grade Notes

November 7, 2017
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Lending Club IPO

Per Lending Club’s website, the company is discontinuing issuance of F & G grade notes. According to an announcement published by the company: We are consistently assessing the value our product delivers to our investors, and have noticed an increase in prepayment and delinquency rate in F and G grade Notes. We feel it is […]

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Catching Up With LendingPoint

November 6, 2017
Article by:

growth

At Money2020, we sat down with Chief Executive Officer Tom Burnside and Chief Strategy Officer Juan Tavares, both of LendingPoint, an online consumer lender we examined in the July/August magazine issue. Not mentioned in that story is Tavares’ background at Avanzame Latin America, a merchant cash advance company based in the Dominican Republic. Burnside, however, […]

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LendUp May Have a Leg-up

November 1, 2017
Article by:

Sasha Orloff

Sasha Orloff, CEO, LendUp deBanked recently sat down with LendUp CEO Sasha Orloff and COO Vijesh Iyer at an auspicious time. The company, an online lender that provides consumers with alternatives to payday loans and credit cards, is uniquely positioned in the wake of the CFPB’s 1600+ page Payday loan rule that was issued in […]

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Q&A With Noah Breslow On Replacing ACH For Realtime Funding and More

October 25, 2017
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OnDeck CEO Noah Breslow at Money2020 in 2017

An announcement by OnDeck, Ingo Money and Visa this week at Money2020 may be more consequential than it appeared. That’s because the partnership enables OnDeck to actually fund a merchant’s bank account (not their debit card) on days, nights, weekends, and holidays. Such a feature is not possible in the realm of ACH where funding […]

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ID Analytics Now Has 85% Visibility Into Online Consumer Lending

October 24, 2017
Article by:

money2020

At Money2020, deBanked caught up with Kevin King, Director of Product Marketing and Ken Meiser, VP of Identity Solutions for ID Analytics. The last time I crossed paths with the company was six months ago at the LendIt Conference in New York City. Since then, the company has increased its visibility into the online consumer […]

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Catching Up With Online Lending – A Timeline

October 21, 2017
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A timeline of alternative finance

This timeline is from deBanked’s Sept/Oct 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE 7/17 Online lender Upgrade, launched by former Lending Club CEO Renaud Laplanche, revealed it had already hired about 100 people Credit risk startup James closed $2.7M funding found led by Gaël de Boissard 7/18 – Former Bizfi COO Tomo […]

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The Voice of Main Street – Small Businesses Share Their Experience With Non-bank Finance

October 18, 2017
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business owners

This story is from deBanked’s Sept/Oct 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE If she hadn’t scored the $250,000 loan through Breakout Capital in 2015, Jackie Luo says, the commercial-software firm she heads in Baltimore could not have made the “strategic hires” and purchased the new server to support additional customers and […]

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Major Online Consumer Lenders Ranked By Revenue

October 17, 2017
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online consumer lenders ranked

This chart is from deBanked’s Sept/Oct 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE The below chart ranks several well known online consumer lenders by revenue over the last 5 years. The data is primarily drawn from reports submitted to the Inc. 5000 list, public earnings statements, or published media reports. An asterisk […]

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