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| Minority-Owned Businesses Present Opportunities for Online Lenders Read more |
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Interview With RapidAdvance Chairman Jeremy Brown Read what this industry veteran had to say about his company, brokers, and the future Read more |
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This Industry Will Look Very Different One Year From Now |
| Ron Suber, The Magic Johnson of Fintech shared his thoughts on where everything is going Read more |
Fed Study Debunks Lax Screening Hypothesis of Fintech Lenders |
| Default rates of fintech mortgages were lower than those of traditional lenders, even when other factors were the same Read more |
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Lending Club Stock Hits Record Low |
| This online lender has not been able to shake off its woes Read more |
Balboa Capital Completes $266M Securitization |
| Its $266 million securitization of equipment lease and loan backed notes, is its fifth and largest transaction to date Read more |
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Fintech Startups Need Industry Partners to Thrive, Report Says |
| From Bloomberg: Has the dream of disrupting banks been replaced by hoping to partner with them? Read more |
Credible Appoints Chris Bishko as Chief Financial Officer |
| Mr. Bishko joins Credible from Omidyar Technology Ventures, where he was a partner focused on venture investments in financial technology, enterprise software and consumer Internet platforms Read more |
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Goldman Sachs-backed Company Buys a Cryptocurrency Exchange |
| Whoa, crypto is getting serious... Read more |
SBA to Entrepreneurs, We Can Help |
| Linda McMahon, the leader of the U.S. Small Business Administration, wants more Read more |
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Coral Capital Solutions Expands |
| In this effort, the New York-based company has hired Bob Hinson as Regional Sales Manager, VP. Hinson will be based in Chicago and will be tasked with building Coral Capital’s relationship with community and regional banks, as well as lenders, workout groups, accountants, attorneys, financial advisors and other referral sources, the company indicated Read more |
Goldman Sachs CIO Says Cryptos Are in a Bubble |
| He said that Ethereum is even more of a bubble than Bitcoin Read more |
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Get Certified in MCA Basics |
| Make sure you know how MCAs really work before you sell them Read more |
Opportunity Fund Lands $75M To Invest in Loans |
| Pagaya, a New York-based asset manager, landed $75 million in debt financing from Citigroup, the Wall Street giant, the company announced Tuesday. The company said it would use the funds for its so-called Opportunity Fund, which will utilize nascent technologies such as machine-learning and big data to invest in loans originated by tech lenders such as Prosper and LendingClub. Read more |
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Speed No Longer a Factor To Attract Borrowers? |
| The overall experience beyond the initial application and decisioning process are critical factors across all generations, often outweighing rate and speed alone, a study found Read more |
Study Finds Business Loans Increase Likelihood of Startup Success |
| Start-up firms that take out loans in the name of the business in the initial year of operation, as opposed to personal debt obtained in the name of the firm's owner, are significantly more likely to survive and achieve higher levels of revenue, according to a new study Read more |
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