Fintech Lenders Dial Back Marketing in Response to Softer Investor Demand
Posted April 10, 2016
Online lenders are scaling back efforts to attract new borrowers, as these upstarts contend with pressures from quality control to regulation that could dent their revenue growth.
Big Banks Cut Back on Small Business
Posted November 26, 2015
Small businesses get fewer loans from banks, turning to alternative lenders that charge significantly higher rates.
How to Profit From Peer-to-Peer Lending
Posted February 15, 2015
Some believed that peer-to-peer lending was just another here-today-gone-tomorrow Internet “thing”. But after the Lending Club’s IPO hit $1 billion late last year, the truth became clear to just about everyone — there is a new lending sheriff in town.
Lending Club to Float Today
Posted December 11, 2014
Lending Club has announced that it is pricing its IPO at $15 a share. This gives the company a valuation of $5.4 billion – higher than the range it released at the beginning of this week, $12 to $14, which was an increase of the original range of $10 to $12 a share.
Lending Club IPO rides easy money wave
Posted December 9, 2014
After months of anticipation, the investor roadshow for Lending Club’s initial public offering began on the first day of December. Five hours later, it was already a roaring success.
Peer-to-Peer Lending: Ready to Grow, Despite a Few Red Flags
Posted January 8, 2014
Peer-to-peer lending hit the headlines in early December when former Citigroup CEO Vikram Pandit invested in Orchard, a New York City-based startup that aims to create a secondary market for P2P loans. Pandit is part of a group including venture capital firms Canaan Partners and Spark Capital that is investing $2.7 million in Orchard.
Old Guard of Banking Sets Out to Disrupt It
Posted December 4, 2013
After a long career in mainstream finance, Vikram Pandit is going alternative. The former Citigroup Inc. chief executive is helping to fund an upstart in the peer-to-peer lending industry called the Orchard, whose seven employees share office space in downtown Manhattan with a company that teaches disc jockeying.
Petra Partners Launches P2P Hedge Fund
Posted September 3, 2013
While many others were off enjoying their vacations this summer, Petra Partners was busy preparing the launch of its latest fund for October 1, 2013. The fund will be credit-focused but will invest primarily in the burgeoning peer-to-peer (or “P2P”) lending space.