Marketplace lending

Online lender Upstart eyes expansion after latest funding round


The San Francisco fintech, which uses artificial intelligence to make consumer credit decisions, has raised an additional $50 million. It also announced new partnerships with lenders and plans for a credit card.


John Mack, Mary Meeker leaving LendingClub board


The San Francisco-based online lender said that the departures of two prominent board members are not the result of any disagreement with the company.


'If the product is good, it should sell itself': A Q&A with Earnest's CEO


Susan Ehrlich, the fintech lender's new chief, discusses what she learned working at Amazon and Simple and how her firm is approaching consumer loans differently.


Direct lenders ready to step in where Brexit makes banks retreat


Direct lenders are gearing up for more business in the U.K. as they see banks shrinking their sterling corporate loan books in the wake of Brexit-linked volatility and slower economic growth.


Madden lawsuit nears end, but online lenders still seek fix from regulators


The online lending industry has turned to the courts, Congress and now federal banking agencies in an effort, thus far fruitless, to blunt the impact of a 2015 appeals court ruling.


Can Citi and Chase beat fintechs at their own game?


The upstart lenders have been chipping away at credit cards’ consumer-lending dominance by offering fixed-rate loans with predictable repayment plans. Now the card giants are fighting back.


From SBA chief to fintech backer


Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks.


GreenSky teaming with Amex to offer home improvement loans


The Atlanta company, which reported fourth-quarter results Tuesday, will test the partnership in five cities as part of an ongoing effort to add new sources of revenue.


HSBC: Fintech deal will provide access to midsize businesses in U.S.


Neptune Financial, an online business lender, will help the global bank reach commercial customers it was missing before and could ultimately be a $1.5 trillion opportunity, an HSBC executive says.


Banks fall further behind fintechs in personal lending


Personal loan balances hit an all-time high in 2018, while fintech lenders widened their market share lead over banks and credit unions, according to new data from TransUnion.