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Online lending startup Amount raises $81M in round led by Goldman

American Banker

The tech firm spun off by Avant, which licenses its lending software to banks, has now raised $140 million this year.

Lending 50
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The messaging tool that let Happy State Bank take its lending online

American Banker

The Texas bank is leaning on solutions from Lightico and MANTL to quickly set up accounts and handle loans when customers can’t sign documents in person because of the coronavirus emergency.

Texas 90
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Banks and Credit Unions View Fintech Partnerships a Key Growth Strategy for 2020

Gonzobanker

Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. In What’s Going On In Banking 2020: Outlook for a New Decade , 65% of banks and 76% of credit unions say these partnerships will be an important part of their business strategies this year.

Strategy 140
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Online lender Upstart launches auto loan platform

American Banker

Upstart, which specializes in the use of alternative data and AI in credit decisions, will make car loans directly and sell its technology to banks and other lenders.

Online 88
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Why Amex is buying Kabbage

Payments Source

American Express isn't acquiring any loans in its deal for the online small-business lender. Here's what it is getting.

Online 145
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Why OnDeck is being sold on the cheap

American Banker

The pioneering online lender had long struggled to live up to the hype that drove its early growth, even before the pandemic pushed it to the brink.

Online 80
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Why Amex is buying Kabbage

American Banker

American Express isn't acquiring any loans in its deal for the online small-business lender. Here's what it is getting.

Online 94