lending

Citadel ID raises $3.5M for API-delivered income and employment verification

This morning Citadel ID announced a combined $3.5 million raise for its income and employment verification service. The startup provides an API to customer companies, allowing them to rapidly verify d

Stilt, a financial services provider for immigrants, raises $100 million debt facility from Silicon Valley Bank

Stilt, a provider of financial services for immigrants in the United States, announced today it has raised a $100 million warehouse facility from Silicon Valley Bank for lending to its customers. This

Google cracks down on personal loan apps in India following abuse and outcry

Google said on Thursday it has pulled some personal loan apps from Play Store in India and was implementing stronger measures to prevent abuse following reports that said several firms were targeting

Stilt, which provides financial services for immigrants, raises $7.5 million seed round

Stilt, a Y Combinator alum that provides financial services for immigrants without Social Security numbers or credit reports, announced today that it has closed a $7.5 million seed round. It also laun

Deliveroo, Graphcore and other big UK startups say they’re being cut out of COVID-19 lending relief

The U.K. government, like a number of other countries around the world such as the U.S., has stepped up its pace in providing relief in the form of loans for businesses being impacted by the coronavir

Robinhood has a glitch that’s letting users borrow far more than they should

A glitch in the stock trading app Robinhood is allowing users to trade stocks with excess borrowed funds, and the company doesn’t appear to have found a fix as of this writing. (Story updated on

Become scores $12.5M Series A for its business lending marketplace

Become, the Israeli startup that operates a business lending marketplace to give SMBs more funding options, has closed $10 million in Series A investment. In addition, the company — formerly kno

Hong Kong-based fintech startup Qupital raises $15M Series A to expand in mainland China

Qupital, a fintech startup that bills itself as Hong Kong’s largest trade financing platform for SMEs, has closed a $15 million Series A led by CreditEase FinTech Investment Fund (CEFIF), with parti

Lendix raises $37 million for its lending marketplace

French startup Lendix has raised a new funding round of $37 million (€32 million). With this new influx of cash, the startup has one goal in mind. It wants to become the leading lending marketplace

Intuit launches QuickBooks Capital, a small business lending service powered by AI

Intuit, the company behind products like QuickBooks and TurboTax, is getting into the small business lending space. With QuickBooks Capital, QuickBooks users can now get access to small business loans

Are employers the latest financial services disruptors?

Much like healthcare years ago, financial wellness is evolving into an essential employee benefit. Valuable to both employers and employees, this trend offers ripe opportunity for innovation.

Small business lending in Mexico gets a boost

Micro-lending and small business financing are a critical component of economic growth around the world, and the need for access to low-cost capital is especially important in developing countries. Th

Dharma wants to let anyone borrow a small amount of cryptocurrency

dApps, or decentralized apps, are open-source applications built on top of a blockchain. But here’s the thing – users usually can’t interact with these dApps unless they have tokens

Small business loan platform Kabbage nabs $250M from Softbank

Kabbage, a company with some 115,000 customers and $3.5 billion in loans that has built an automated platform for lending money to small businesses and individuals using a large set of data points to

Affirm now has 1,000 retail partners

Today Affirm has announced that it has more than 1,000 merchants signed up to offer its financing options at checkout, helping to reduce the friction around making large purchases and, by extension, i

Wealthfront has launched a lending product

Automated financial investment and advisory service provider Wealthfront is now getting into the lending business. It seems like a good way for the company to juice revenues through interest payments

Elevate Credit pulls off lending IPO

After postponing its IPO last year, Elevate Credit, the venture-backed lending company, went public on the New York Stock Exchange today. Elevate priced at $6.50 per share, closing the day up over 19

Amazon ends its student loan partnership with Wells Fargo, six weeks after launch

Amazon’s latest perk — discounted student loans, aimed at Amazon Prime Student customers — is no more, according to a report from Bloomberg, and confirmed by both companies. The p

How new tech can improve the loan process

Anyone who keeps up with the stock market is likely aware that Lending Club is in hot water. Anyone with professional lending experience is likely unphased by this. Even so, peer-to-peer services rema

Affirm secures $100M in Series D funding to expand beyond loans

Affirm, the alternative lending site started by PayPal co-founder Max Levchin, has raised a $100M Series D led by fellow PayPal co-founder Peter Thiel’s Founders Fund. The all equity round, whi
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