Marketplace lending

OnDeck sharply curtails lending as delinquencies mount


The online lender reported a hefty first-quarter loss on Thursday and said that a whopping 45% of its small-business loans are past due.


Funneling PPP money to the smallest businesses: A fintech exec's plan


John Pitts, policy lead for Plaid, has some ideas to ensure Paycheck Protection Program legislation set to be voted on this week targets the companies most in need of a cash infusion.


White House, Democrats close in on PPP deal; are small fries getting edged out?


The two sides say a deal to replenish the small business loan program may be reached for a Senate vote early this week; big restaurant chains said to edge out small firms for loans.


‘Leave room for the little guys’: Square's advice for PPP 2.0


Square Capital and other online lenders joined the Paycheck Protection Program just before it ran out of money. Now they’re ready and waiting for Congress to reload funds that could be better aimed at the smallest companies.


Fintechs OK'd to make emergency small-business loans


PayPal, Intuit QuickBooks Capital and Square Capital have been named direct lenders in the Paycheck Protection Program, and more await the OK. They could be crucial to reaching the smallest firms trying to survive the economic toll of the coronavirus pandemic.


Alternative lender rolls out contactless card amid pandemic


Upgrade's hybrid loan-card product can now be used without swiping as consumers and retail workers seek to minimize spread of novel coronavirus.


Kabbage finds a way to support emergency loan program


The online lender, which is looking to become a direct lender in the Paycheck Protection Program, has accepted 37,000 applications while working with an unnamed bank to fund businesses harmed by the coronavirus pandemic.


Online lenders seek to balance the needs of borrowers, investors


While LendingClub, Prosper, Avant and SoFi are giving existing borrowers breaks in the short term, they're considering tightening credit as the coronavirus outbreak threatens to drag the economy into a recession.


LendingClub-Radius deal faces high regulatory hurdles


Compliance, risk management and staffing will likely come under added scrutiny as regulators lay out a framework for future fintech-bank mergers.


Kabbage launches cash-flow dashboard for small businesses


The online lender's latest product shows business owners their cash flow over the past 90 days and how it is likely to change. The idea is to help borrowers save time.