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LendingClub’s Laplanche Starting New Online Lender

PYMNTS

LendingClub’s former CEO, Renaud Laplanche, who stepped down in May, sending shockwaves throughout the online lending industry, is gearing up to launch a new lender online called Upgrade. including Union Square Ventures, Ribbit Capital, Vy Capital and Silicon Valley Bank.

Online 100
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Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. For example, Whole Foods managers went to a site in Utah that used to be a Kmart. Sources told Yahoo! that the company is visiting sites of now defunct retail spaces.

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Surprise Outcomes Edition: Cybercrime, Student Loans And CAN Capital

PYMNTS

The experts estimate that the United States government spent millions trying to enforce it and deprived the states of billions in tax revenue — all without managing to make any significant change in American alcohol consumption. server products, including Primavera project portfolio management software.”.

Capital 100
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98
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Funding Lands T&E Firm TripActions $4B Valuation

PYMNTS

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Lulalend lends directly to SMBs that can apply online, with an automated approval process accelerating access to capital.

Capital 108
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SoFi Officially Files For A Bank Charter Of Its Own

PYMNTS

Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. And though its mailing address will be in Salt Lake city, SoFi will continue to operate as it has since its inception — as an online-only institution, with no branches or deposit-taking ATMs. SoFi has confirmed the news.

FDIC 100
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Facing Tougher Times, Prosper Marketplace Is Making Deep Staff Cuts

PYMNTS

According to Wall Street Journal reports, the online lender is shedding 28 percent of its staff and rearranging its executive team. The biggest individual cut will be a Utah office dedicated to lending for medical procedures, but 14 percent of Prosper’s San Francisco- and Phoenix-based workforce is also on its way out the door.