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| LendItFintech In Photos and Sound Bites Read more |
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Kabbage, LendingPoint to Offer Real Time Funding Via Push Payments The two companies each separately announced that they will soon be able to get funds into their customers’ business accounts instantly and 24/7 via their pre-existing bank debit card Read more |
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Lendr Launches New Business Debit Card |
| The idea is to offer a product that makes access to capital as easy as 1-2-3, CEO Tim Roach told deBanked. Read more |
SoFi Names Michelle Gill Chief Financial Officer |
| Gill joins SoFi from TPG Sixth Street Partners. Previously, she spent 14 years at Goldman Sachs & Co., where most recently she was a Partner co-heading the Structured Finance business. Gill received her JD from Cornell Law School and her BA from the University of California at Los Angeles. Read more |
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Best Egg Exceeds $5B and Celebrates Four Years in Business |
| In 2017, the company experienced originations growth of 66 percent, significantly reduced its customer acquisition costs, and ended the year with 3 straight quarters net income positive on a GAAP basis. Read more |
U.S. Regulator to Publish Fintech Charter Position Soon |
| The head of the Office of the Comptroller of the Currency (OCC) said on Monday it will publish its position on a proposed charter for online lenders and other so-called fintech companies in the next three months. Read more |
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Liquid FSI Adds Key Board Member |
| Liquid FSI, a direct lender and creator of the Convert2Pay platform, which provides on-demand payment for medical invoices, added Barry Blecherman to its Board of Advisors. Read more |
Fintech Lenders Will Struggle to Regain Mojo Alone |
| As industry executives head to a major industry confab in San Francisco on Monday, their loan books, and earnings, still look small. And the banks they once dared to threaten have been catching up on tech prowess. Read more |
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InterNex Capital Fills Void in Higher End of Alternative Lending Market |
| New York-based Internex Capital is serving the higher end of the alternative lending market by providing revolving lines of credit from $250,000 to $5 million dollars, with an average deal size of roughly $1 million. Read more |
Ocrolus Announces $4 Million Investment at LendItFintech Conference |
| Ocrolus, which provides analysis of financial documents, announced a $4 million Series A investment led by Bullpen Capital with participation from QED Investors, Laconia Capital Group, ValueStream Ventures and RiverPark Ventures. Read more |
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SoFi Plans to Start Rolling Out Deposit Accounts Next Month |
| A spokeswoman for SoFi now says the company plans to offer the new accounts to a limited set of customers starting in May. Users will be able to make deposits into an account that functions like a checking account, where they will earn interest and won’t incur fees when transferring money to other SoFi customers or using a company-issued debit card. Read more |
PeerStreet Raises $29.5 Million Series B |
| The Series B round was led by World Innovation Lab. Existing investors Andreessen Horowitz, Thomvest, Colchis Capital, Felicis Ventures, and others participated along with new investors Solon Mack and Navitas Capital. The raise will accelerate PeerStreet’s growth. 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 |
FinTech Veteran Ethan Schwarzbach Joins inFactor To Head inFactorIQ Platform |
| Mr. Schwarzbach joins inFactor from Orchard Platform where he most recently served as a Manager on the Business Development team. Read more |
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Broker Fair 2018 on Pace for Big Success |
| The coming May 14th conference in Brooklyn, NY has already sold out of funder/lender and general admission level tickets. Only ISOs, brokers and those employed by them can continue to register! Read more |
New York Fed, a Wall Street watchdog, picks John Williams as new president |
| John Williams just became one of the most powerful people in the United States who is neither elected nor confirmed by Congress. Read more |
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