Online Lending

Key Takeaways: Online loan facilitators Lufax and Qifu both reported year-on-year revenue declines in the second quarter Rival FinVolution posted a revenue gain for the quarter, as contributions from its overseas operations helped to offset sluggish performance at home By Warren Yang Winter is...

Online lender Affirm Holdings Inc. (NASDAQ: AFRM) has raised roughly $1.2 billion by pricing its initial public offering (IPO) at $49 per share, above the expected range of $41 to $44, the company announced Tuesday.  What Happened: Affirm is a fintech company providing...

Upstart Holdings Inc (NASDAQ: UPST) on Tuesday priced its initial public offering at $20 per share. What Happened: The California-headquartered company is issuing 9 million shares while existing investors offload 3 million shares. Some of the stockholders have granted underwriters a 30-...

LendingClub Corp (NYSE: LC) reported Tuesday first-quarter results that shows the company made "significant gains across all fronts" over the past three years, according to Wedbush. The Analyst Wedbush's Henry Coffey upgraded LendingClub from Neutral to Outperform with a price target...

Weeks after fintech personal lender Avant launched a business line to help banks build bespoke personal loan products, small business lender On Deck Capital Inc (NYSE: ONDK) announced it will roll out ODX, a separate company dedicated to helping banks build digital small business lending products....

The Benzinga Fintech Summit is a gathering of the top leaders in payments, lending, capital markets, blockchain and cryptocurrencies in San Francisco Nov. 14. Ahead of the Summit, Benzinga is profiling fintech thought leaders who are speaking at the event. For this installment, Benzinga interviewed...

The world of financial technology is growing at an exponential pace, with new markets being researched and developed every day. The total value of fintech investments in 2017 totalled $30 billion, while 2018 is on pace for $35 billion, according to a study by Statista.  Benzinga is hosting the...

Of the many informative and innovative sessions powering the 2018 Benzinga Global Fintech Awards, none may be as important to the future of lending as the fireside chat between Cornelius Hurley, Executive Director at Online Lending Policy Institute, Colin Darke, General Counsel at Rocket Loans, and...

LendingClub Corp (NYSE: LC) reported third quarter results after Tuesday's market close. Revenue of $154 million fell slightly short of the $156.7 million Wall Street expected and EBITDA of $21.0 million was in-line with expectations. Investors found fault with the company's...

LendingClub Corp (NYSE: LC), an online marketplace that connects borrowers and investors, has seen its share of controversy over the years. After a management shuffle which saw the ouster of ex-CEO Renaud Laplanche, investors will be looking for further signs of progress in the company's third-...

LendingClub Corp (NYSE: LC)'s earnings report marks "another step in the right direction" for the company, at least according to BTIG's Mark Palmer who maintains a Buy rating on LendingClub's stock with an unchanged $9 price target. Palmer commented in a research report on Friday LendingClub's loan...

Orchard Platform, a technology and data provider for the online lending space, publishes a weekly review of the online lending sector. Last week's report focused on several new entrants to the online lending space, including Cross River Bank, which received a $28 million investment from several...

Orchard Platform, a technology and data provider for the online lending space, publishes a weekly review of the online lending sector. Last week's report focused on all the notable new developments that occurred within the online industry throughout October and previewed several future events...

Orchard Platform, a technology and data provider for the online lending space, publishes a weekly review of the online lending sector. The latest report dated October 31 focused on some of the most notable events that occurred during the month. Last week's recap focused on the latest developments...