April 10, 2018 @ 12:19 pm By JD Alois  |  

LendIt returned to San Francisco this year as it continues with its annual conference which is one of the largest Fintech focused events in the US. This year’s event is a bit different for several reasons. First of all, more traditional banks showed up in… Read More

December 12, 2017 @ 9:15 am By JD Alois  |  

Affirm, a Fintech that provides point of transaction access to credit, has been received Unicorn status, according to multiple reports. Affirm is the creation of Max Levchin, a PayPal co-founder, who knows a thing or two about finance. According to a report in Bloomberg last… Read More

February 21, 2017 @ 9:40 am By Samantha Hurst  |  

Consumer Financial Data Rights Group (CFDR), a new organization that was created to defend consumers’ access to their data and fuels innovation in the fintech industry, announced on Tuesday it has submitted a response to the Consumer Financial Protection Bureau’s (CFPB) request for information (RFI) in regards… Read More

January 20, 2017 @ 11:56 am By Samantha Hurst  |  

 A group of fintech companies announced on Thursday they have come together to create the Consumer Financial Data Rights (CFDR) group. This organization will notably defend consumers’ access to their data and fuels innovation in the fintech industry. Founders of the CFDR group includes leaders from Affirm, Betterment,… Read More

October 14, 2016 @ 10:32 am By JD Alois  |  

Affirm has received a $100 million lending facility from Morgan Stanley. Affirm will use the new capital to expand its Point of Sale (PoS) financing to more retailers. The company stated it expects to triple its loan volume for the year. Affirm was launched by… Read More

May 1, 2016 @ 8:36 pm By JD Alois  |  

Perpetual television news magazine 60 Minutes has finally gotten around to addressing the Fintech movement. 6o Minutes has been on the air since before most of the people reading this were born (1968). The doyenne of the show, Leslie Stahl, tackles the Fintech topic that… Read More

November 15, 2015 @ 9:10 pm By JD Alois  |  

Direct lending platform Bread announced completion of a Series A funding  round last week led by Bessemer Ventures Partners.  Bessemer was an early investor in trailblazing P2P platform Zopa.  The funding raised $14.3 to help the young platform grow, fund initial loans, and compete with credit… Read More

August 5, 2015 @ 11:00 am By JD Alois  |  

Affirm, a FinTech startup that provides credit at the point of sale, has acquired LendLayer, an internet finance platform that provides financing options to students.  In what may be a sign of industry consolidation, Affirm announced it had “acquired [the] talent behind education lender LendLayer”…. Read More

November 29, 2014 @ 1:27 pm By JD Alois  |  

Founded by one of the PayPal creators, Max Levchin, Affirm is another company that sees opportunity in confronting the monolithic banking industry. Affirm wants to hook up with consumers at the point of purchase. Instead of purchasers buying products using a credit, a process that… Read More

October 21, 2014 @ 1:51 pm By Erin Hobey  |  

Orchard, the Marketplace Lending Platform backed by Spark Capital, Canaan Partners, and industry veterans, secures $14.7M in total investments Founded in NYC 2013, Orchard Platform, an investment and analytics platform focused on the global marketplace lending market, today announced it has raised $12 million in Series A… Read More