Tagged: frank rotman

LendUp Names Capital One Co-Founder Nigel Morris As Board Chair & QED investors Co-Founder Frank Rotman As Board Members

LendUp, a socially responsible online lender on a mission to redefine financial services for the emerging middle class, announced on Thursday it has appointed Capital One co-founder Nigel Morris joined as board chair, and Frank Rotman, an early Capital One employee and its longtime Chief Credit Officer, joined… Read More

Fifth Third Bancorp Partners with QED Investors on Fintech Strategy

Fifth Third Bancorp (Nasdaq: FITB) announced last week that it had engaged QED Investors to assist and help formulate a Fintech Strategy.  Fifth Third, like many traditional financial firms, is waking up to a new world where financial services are changing. The bank is pretty… Read More

ApplePie Inks Big $180 Million Loan Agreement. Closes $16.5 Million Series B

ApplePie Capital has signed a $180 million loan purchase agreement with TowerBrook Capital while simultaneously announcing the closing of a $16.5 million Series B funding round. The TowerBrook funding will come from its Structured Opportunities Fund and a credit facility provided by SunTrust Banks, Inc…. Read More

Does Online Lending Create Less Systemic Risk than Traditional Credit? It Depends…

One of the frequently touted benefits of peer to peer/marketplace lending is the heightened transparency associated with loan originations processed online.  The financial crisis of the last decade was in part fueled by the disconnect between lender and borrower. As mortgages were securitized, sliced and… Read More

Will Marketplace Lenders Feel the Squeeze as Interest Rates Rise?

As most Fed followers expected, the FOMC decided to increase interest rates nudging up rates by 25 basis points. The last time the Fed raised rates was almost 10 years ago. The back and forth chatter regarding when the Fed would act has been a… Read More

MMKT Secures $5.9M During Recent Funding Round

MMKT Exchange LLC (“MMKT” or the “Company”),  a secure digital exchange that introduces efficiency, liquidity and transparency to the outdated middle market loan syndication process while increasing accessibility to a broader base of purchasers, announced on Wednesday that it has launched its loan syndication platform and closed… Read More

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