Fintech

LendingPoint Gets Increase in Financing

June 28, 2018
Article by:

Tom Burnside, LendingPoint

Tom Burnside, CEO, LendingPoint LendingPoint announced today that it closed an increase of its mezzanine financing, bringing the total of the facility from Paragon Outcomes Management to $52.5 million. Mezzanine financing is a hybrid of debt and equity financing. Paragon and LendingPoint initiated a relationship with its first credit facility in January 2017 for $20 […]

View Post

New York Institute of Credit Celebrates 100 Years and Honors Harvey Gross

June 12, 2018
Article by:

New York Institute of Credit Speech

About 300 people gathered underneath the soaring ceilings of Guastavino’s ballroom in Manhattan last night to celebrate the 100th anniversary of the New York Institute of Credit (NYIC). Most attendees were members of the association, which provides networking opportunities and education to a myriad of constituents, including factors, financial advisors, lawyers, investors and accountants. “[NYIC] […]

View Post

Square Funded $339M to SMBs in Q1

May 2, 2018
Article by:

Outside the Square Headquarters in San Francisco

Above: Outside the Square headquarters in San Francisco, CA Square’s small business funding arm, Square Capital, made over 50,000 business loans for a total of $339 million in Q1, according to the company’s latest earnings report. That figure is a 35% increase year-over-year and puts them on pace to break last year’s $1.177B total. OnDeck, […]

View Post

Chris Larsen on Crypto, Ripple, and ICOs

April 24, 2018
Article by:

Chris Larsen and Jo Ann Barefoot

At LendIt Fintech, Ripple co-founder and Chairman Chris Larsen got real in his on-stage conversation with Jo Ann Barefoot. This is what you missed: I think this is a fundamental shift in fintech and what we believe the big thing happening here is the development of a second internet. We call it the internet of […]

View Post

Harvesting Inc Uses AI to Assess Credit Risk for Farm Lenders

April 12, 2018
Article by:

Ruchit_Garg

This week, Silicon Valley-based Harvesting Inc launched an Artificial Intelligence (AI)-backed platform that uses satellite images of farms to gauge credit risk for banks that lend to farmers. The technology can be used to capture data on farms in the developing world as well as in mature markets like the US. Harvesting Inc generates “credit […]

View Post

LendItFintech In Photos and Sound Bites

April 10, 2018
Article by:

LendItFintech Co-founders

LendItFintech co-founders Peter Renton, Bo Brustkern, and Jason Jones kick off the 6th annual event “Bad credit is literally killing us” – Scott Sanborn, CEO, Lending Club when speaking about the increase in mortality rate for people who have faced major financial distress A disruptive business is not just about speeding something up – Jay […]

View Post

Peer IQ Insights for Q1 2018

March 30, 2018
Article by:

PeerIQ

Peer IQ released its 2018 first quarter “Lending Earnings Insights,” which analyzes lender performance with a focus on credit performance trends. They analyze data across three main lender segments: Fintechs and Non-banks, Large banks, and Card issuers. Below are some highlights from Peer IQ’s analysis on this year’s first quarter: Credit re-normalization continues “Credit re-normalization […]

View Post

A Dialogue with Peter Renton: Cryptocurrency and Beyond

March 2, 2018
Article by:

Peter Renton, Chairman and Co-Founder
LendIt,  speaking to LendIt USA 2016 conference in San Francisco, California, USA on April 11, 2016. (photo by Gabe Palacio)

This story appeared in deBanked’s Jan/Feb 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE Peter Renton, Chairman and Co-Founder, LendIt, speaking to LendIt USA 2016 conference in San Francisco, California, USA on April 11, 2016. (photo by Gabe Palacio) deBanked Magazine recently caught up with Peter Renton, founder of Lend Academy, a leading […]

View Post

Ron Suber: ‘This Industry Will Look Very Different One Year From Now’

February 25, 2018
Article by:

Ron Suber

Ron Suber wears many hats. His official LinkedIn profile lists him as President Emeritus and Senior Advisor at Prosper Marketplace. Now you can add a new title to his repertoire – the Magic Johnson on fintech. That’s because when it comes to Suber’s legacy, he’s all about the passing game. “I really enjoy the assist […]

View Post

Fed Study Debunks “Lax Screening” Hypothesis Of Fintech Lenders

February 23, 2018
Article by:

Federal Reserve Bank of New York

The New York Federal Reserve published the results of their study on the role of technology in mortgage lending. And they bear good news for fintech, that technological innovation has improved the efficiency of financial intermediation. Fintech lenders, it turns out, are faster, experience lower default rates, and are more responsive to changes in demand. […]

View Post