Gonzobanker
AUGUST 11, 2020
It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. Among ICE’s assets are the New York Stock Exchange. They primarily support – don’t compete with – federally insured bank lending.
Fintech Labs Insights
MAY 16, 2017
Less than a month after announcing its new $105 million SoFi Prime Income Fund to help raise funds to issue loans, online lending innovator SoFi is making headlines again with the launch of SoFi Wealth. The new initiative, the company’s first digital wealth management offering, will allow investors in the U.S.
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Fintech Labs Insights
AUGUST 24, 2016
Next month at FinovateFall in New York, we’re going to see some things that, compared to 2007, seem like the way the Jetsons would manage their finances. This, combined with increased demand for alternative lending, makes lending a prime space for disruption. Status quo is no longer an option. Collaboration.
Fintech Labs Insights
JULY 12, 2016
HQ: New York City. HQ: New York City. HQ: New York City. HQ: New York City. Alt-lending. Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing. Total raised: Unknown. HQ: Austin, Texas. Source: Crunchbase. Lease-to-own financing platform. Latest round: $12.5
Tefkin
MARCH 12, 2014
In the last years, most of the focus on innovation in financial services has been, it seems, on banking (investing and lending) and payment. In an insurance world, there is a conflict between the requirements of the underwriting algorithm for being able to price the premium and the optimal UX for users to be able to obtain a product.
Gonzobanker
DECEMBER 20, 2019
Even with worries around an allegedly discriminatory algorithm, Silicon Valley UX met big bank Wall Street money in slick onboarding that has our attention. New York Community Bancorp selected Fiserv DNA. THE VENDOR AWARDS. Core Deal of the Year. Nothing answers the question of “Yeah, but can it scale?”
Gonzobanker
DECEMBER 19, 2022
SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to MoneyLion for lots of obvious inappropriate behavior including violating the Military Lending Act regarding capped lending rates. The New Name for Community Award. Acquisition of the Year: The No Time to Breathe Award. Goes to CSI.
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