“No hidden fees” fintech lender settles with CFPB for, amongst other things,...
LendUp CEO Sasha Orloff tells me they’re giving the startup time to build a long-standing brand in finance “the right way”, rather than squeezing as much profit as possible from its customers in the...
View ArticleLendUp: playing with people’s lives
A few years ago, Marc Andreessen and Ben Horowitz, the founders of venture capital firm Andreessen Horowitz, were interviewed by Fortune and talked about why they were different to the venture...
View ArticleWho’s afraid of Goldman’s Marcus?
For those of you keeping score in the (phoney) war between fintech disruptors and the big banks, last week the lumbering giants of finance came out on top. While Goldman Sachs launched its new personal...
View ArticleChina’s Beijing Kunlun sells back investment in UK lender LendInvest
Last year, Chinese gaming billionaire Zhou Yahui invested £22m in LendInvest, a UK online lender specialising in the property market. The Series A investment from his firm Beijing Kunlun Technology was...
View ArticleMoody’s rains on the online lending parade
There has been a lot of excitement recently in online lending circles in the UK over a speech. Specifically a speech by Lord Adair Turner, the former financial services authority chairman who famously...
View ArticleGive thanks for passive P2P investors
Funding Circle is hiking rates on its riskiest loans by as much as 380 basis points Continue reading: Give thanks for passive P2P investors
View ArticleWhat’s the Peer-to-Peer Finance Association hiding?
Why is the P2PFA now offering less transparent data than it did in the past? We don't know. Continue reading: What’s the Peer-to-Peer Finance Association hiding?
View ArticleP2P will destroy the world, and soon
A new report on UK "peer-to-peer" lending predicts, among other things, a greater reliance on open ended funds. Which sounds like it'll work out just fine Continue reading: P2P will destroy the world,...
View ArticleWake me up when online lenders are done turning into banks
Ratesetter has changed its model to deal with fragility in its fund designed to protect investors from losses. In the process, it has revealed just how bank like some "peer-to-peer" lenders have...
View ArticleSun, sand and leveraged peer-to-peer lending
Here's a simple rule: whatever you think the phrase "peer-to-peer lending" means, a peer-to-peer lender somewhere has done the exact opposite. Continue reading: Sun, sand and leveraged peer-to-peer...
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