Tagged: webbank

WebBank, American Express to Expand Credit Card Issuing

WebBank has announced an agreement with American Express (NYSE: AXP) “to become a card issuer and participant in the American Express network.” The collaboration allows WebBank “to issue credit card and payment solutions that include American Express benefits.” American Express selected WebBank “as one of… Read More

WebBank Invests $250M in Avant to Support Credit Card Program

WebBank recently announced that it has committed to invest up to $250 million in the obligations of a securitization structure supported by Avant that are “secured by credit card receivables.” The investment will be used “to meet the continuing demand and growth of the Avant®… Read More

Gemini Crypto Rewards Credit Card Now Available in the US

Gemini, a digital currency platform to buy, sell, earn, and store crypto, recently announced that the Gemini Credit CardTM is now available “in all 50 U.S. states.” Cardholders can “earn up to 3% crypto back on dining+, 2% crypto back on groceries, and 1% crypto… Read More

Credit Card Fintech Petal Raises More Money in $140 Million Series D

Last week, Petal, a credit card startup that issues cards in partnership with WebBank, announced a Series D funding round of $140 million led by Tarsadia Investments. In a blog post, Petal shared that new and existing investors in the round included Valar Ventures, CUNA… Read More

Fintech Firm DigniFi, a Financial Services Platform for Automotive Sector, Appoints Neeraj Mehta CEO

DigniFi, a Fintech platform for the automotive sector, recently confirmed that Neeraj Mehta has been named CEO, replacing Richard Counihan whose guidance and expertise were “instrumental in significantly growing the company during his five-year tenure by expanding to 32 states, launching a revolving line of… Read More

Fintech Lenders: Boston’s Forward Financing has Now Provided $1B in SME Funding, as Capital On Tap Enters US Markets

Forward Financing, a Fintech firm that aims to offer “flexible” and revenue-based financing to SMBs, revealed recently that it has provided $1 billion in funding since its inception back in 2012. According to Forward Financing, the majority of this funding has been allocated towards  “underserved”… Read More

Back in the Game: Renaud Laplanche Launches Upgrade, a Consumer Credit Platform [u]

Renaud Laplanche, the founding CEO of Lending Club, has announced the launch of a new consumer credit platform aptly entitled Upgrade.  The online lender was described as a new iteration of online lending that combines the best of marketplace lending and consumer services such as… Read More

Avant Taps StudyCloud and TempoIQ for its Next Growth Stage

  Online lending platform Avant announced today it has recruited the key technical teams of two local technology startups, StudyCloud and TempoIQ, to support the company’s next phase of growth. Avant recently surpassed $3 billion in loan originations and as growth continues for 2016, acqui-hires have become… Read More

Credibly, formerly RetailCapital, Has Established Credit Facility with Three Different Banks

Credibly has signed an agreement with a syndicate of banks to help expand their loan products. Credibly is the reincarnation of RetailCapital, a company that is an emerging FinTech portal that uses big data to provide a better lending experience. Credibly is another entrant in the… Read More

Lending Club Announces New Partnership With Citibank For Community Lending

Lending Club (NYSE: LC), the largest online marketplace connecting borrowers and investors, and Citi  (NYSE: C) are launching a pioneering new partnership with Varadero Capital L.P., an alternative management firm focused on specialized credit investments, to facilitate up to $150 million in loans designed to provide more affordable credit to underserved… Read More

Lending Club Launches AA Super Prime Loans: Offers Expanded Options and Lower Rates

Lending Club, the world’s largest online marketplace connecting borrowers and investors, today launched a new “SuperPrime” loan product offering that expands the options available to borrowers with the highest credit quality.This new product line provides a two-year AA term loan for $10,000 or less (with… Read More

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