Newsletter Sent On: 02/27/2018

Minority-Owned Businesses Present Opportunities for Online Lenders Read more

Interview With RapidAdvance Chairman Jeremy Brown
Read what this industry veteran had to say about his company, brokers, and the future Read more

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

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

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From Bloomberg: Has the dream of disrupting banks been replaced by hoping to partner with them?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

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

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

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

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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