Tagged: cross river bank

Consumer Lending Platform Upgrade Launches “Upgrade Card,” Offers Flexibility of a Credit Card at Lower Cost

Upgrade, an online consumer lending platform, has launched a new physical credit card labeled “Upgrade Card.” The card is designed to provide the convenience of a credit card combined with lower interest rates associated with installment loans. According to a release, interest rates start at… Read More

Cross River Bank Nears Tenth Anniversary; Announces Key Growth & Hires

Cross River Bank announced on Monday as it approaches its 10th anniversary it has experienced a surge in growth and surpassing significant milestones as it grows its customer base, offerings and strategic partnerships designed to revolutionize the banking infrastructure. The company reported that in 2017,… Read More

Marlette Funding Closes $369 Million Securitization of Consumer Loans

Marlette Funding, LLC, an online consumer lending platform and service provider, has closed its third securitization from its proprietary “MFT” shelf. Marlette states that approximately $369 million of BestEgg unsecured personal loan collateral was financed via three classes of Notes and one class of Certificates with… Read More

Zopa, Funding Circle UK, Lemonade Among Winners of the 2017 LendIt Awards

LendIt, the global lending and fintech conference series, held its first annual awards on Tuesday in New York City. As previously reported, The organization stated out of hundreds of applicants worldwide; the selected finalists were placed in 18 categories, which notably celebrate fintech market leaders, emerging… Read More

Cross River Bank Applies Startup Model, Raises $28M in VC Funding

Cross River Bank raised $28 million from a number of investors in Silicon Valley. Investors included Battery Ventures, Andreessen Horowitz, and Ribbit Capital, which have invested in fintech startups. In addition to the deal, Battery General Partner Scott Tobin will become a member of Cross River’s… Read More

Cross River Bank, Marlette Funding Partner on $100 Million Securitization in Marketplace Lending Push

Cross River Bank, chartered in the state of New Jersey, has joined with Marlette Funding on a joint $100 million securitization transaction targeting the Marketplace Lending sector. This transaction is said to be the first completed jointly by an FDIC insured bank with a marketplace… Read More

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