Remove 2007 Remove Capital Remove Lending Remove Millennials
article thumbnail

A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

Lending 148
article thumbnail

Consumer Credit Update for 2Q 2023

South State Correspondent

Capital rotation is to HELOCs and away from autos. Within autos, the capital rotation is for new cars over used cars. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders. Gen Z and Millennials are now using credit on their cards which was not seen before 2020.

Trends 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Don't Bank. SoFi

Jeff For Banks

After its most recent capital raise in September, SoFi, a marketplace lender that focuses on millennials, has raised nearly $1.5 billion in equity capital since its founding in 2011. billion in equity capital, with a market capitalization close to book value. By comparison, over 100 year old and $7.7

article thumbnail

OnDeck Adds New Small Business Lending Options

Fintech Labs Insights

.” Pictured (left to right): Miranda Lanzillotti, Marketing Communications Manager, and Pamela Rice, Senior Vice President of Technology, for OnDeck, discussing lending APIs at FinDEVr 2014. And last month, the company teamed up with Intuit to launch a $100 million lending fund for small businesses.

Lending 12
article thumbnail

From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

article thumbnail

Zopa Surpasses £2 Billion Loan Mark

Fintech Labs Insights

“Over the last 12 years, we’re proud to say we’ve helped over a third of a million people get better interest rates for both borrowing and lending.” Both individuals and businesses (as long as they are not lenders themselves) are allowed to lend money through Zopa for investment purposes.

article thumbnail

Mortgage Tech 101: What It Is & Why It’s Taking Off Now

CB Insights

Banks have receded from mortgage lending for a host of reasons, principally because the cost of complying with strict regulation from the Consumer Financial Protection Bureau on loan qualification and capital requirements has made the business more expensive. In 2016, non-bank lenders like Quicken Loans accounted for six of the top 10.