With a focus on connecting lenders and borrowers with access to loans under $1000, mobile short-term lending company SoLo is moving its headquarters to the Los Angeles area, joining such fintech companies as Acorns, Tala, Dave.com, and ZestFinance. The company also announced Jon Blackwell is
Alternative business lending market company BlueVine secured $60 million in equity funding in a Series E round led by Menlo Ventures, and included new investor SVB Capital as well as major existing investors. Founded in 2013, BlueVine strives to be one of the leading fintech players
Kabbage, Inc., a global financial services, technology, and data platform serving small businesses, entered into a definitive agreement to acquire Orchard, a pioneer in developing technology and analytics for online lending and financial services. The acquisition will allow Kabbage to integrate Orchard’s technology platform for
OnDeck, an online lending platform for small businesses, closed a $100 million asset-backed revolving credit facility with Pioneers Gate LLC, a lending vehicle of a leading life insurance company managed by 20 Gates Management. It provides the longest revolving funding period and the lowest interest
Roostify, a leading digital lending platform provider, today announced the completion of a $25 million Series B round of financing. The round included new investments from Cota Capital, Point72 Ventures, and Santander Innoventures, and the venture capital arm of Banco Santander. Additional funding came from
Consumer lending company LendingPoint today announced that it has acquired LoanHero, a fintech platform for point-of-sale finance. Terms of the deal were not disclosed. In combination with LendingPoint’s industry-leading credit underwriting and risk management expertise, LoanHero will help accelerate LendingPoint’s expansion into point-of-need and point-of-sale financing.
White label loan origination and investing platform provider Insikt brought in $50 million in Series D financing, led by Coppel Capital, with participation from FirstMark Capital, Revolution Ventures, and Colchis Capital. By working directly with partner businesses, Insikt is on a mission to provide underserved individuals,
Applied Data Finance (AFD) raised $20 million in financing from Redpoint Capital Group. The company’s personal loan underwriting system draws on and analyzes a set of over 10,000 data points to “learn on itself” – meaning that the more loans ADF makes, the more precise they
Financial technology company Kabbage completed $200 million in financing from Credit Suisse. Kabbage is an automated technology and data platform that provides direct access to funding for small businesses and powers lending for large global banks. The company currently operates in North America and Europe, with
Insurance technology startup Matic Insurance Services announced it has secured $7 million in Series A financing. Mr. Cooper, Nationwide Mutual Insurance, Anthemis Group, ManchesterStory Group, and National General Insurance participated in the funding. Matic is a technology-driven insurance agency focused on helping lenders and loan