Stripe Moves Into Small Business Lending
Stripe Capital will provide cash advances to small business customers of Stripe's payment platform.
Digital Lending Continues to Be a Magnet for Capital
As consumer and business debt levels climb, investors pour money into online lending firms.
Navient Buys Online Lender for $155M
“Together, we will create and deliver consumer-centric education credit products for the digital age," Navient's CEO says.
LendingTree Snaps up Small Business Lender
The acquisition of startup SnapCap will help LendingTree to "scale and accelerate our small business channel."
Square Applies for Charter to Form Bank
The payments firm wants to offer a one-stop shop for financial needs by operating Square Financial Services under an industrial loan company charter.
OnDeck Capital Narrows Q2 Loss to $1.49M
CEO Noah Breslow calls the quarter "transformative," saying the online lender made "solid progress" toward achieving its financial objectives.
Prosper’s Loss Increases to $118M in 2016
The online lender's revenue fell 33% as it struggled to obtain loan funding from investors.
Online Lender Avant Cuts 7% of Workforce
The layoffs are another sign of upheaval in the online lending sector as investors have turned negative on funding firms.
Marketplace Lending ‘Untested’: Treasury
How will online lenders fare in an adverse credit environment? More transparency on loans and securitization markets is needed, says Treasury.
Online Lender SoFi Launches Hedge Fund
The startup aims to attract investors that don’t want to buy its whole loans or asset-backed securities directly.
Chinese P2P Lender Accused of $7B Ponzi Scheme
The Ezubao online lending platform allegedly bilked nearly one million investors, raising concerns over confidence in the security of such investments.