Digital Lenders Taking Marketshare From Banks in SMB Lending
The largest online small business lender in the US is now PayPal having done $4 billion in loans in 2018; OnDeck, Kabbage, Square and Amazon ...
A Wave of Consolidation in Payments Continues
In the last 18 months there has been a wave of consolidation in the payments sector and that trend looks to continue; the market ...
Comparing Acquisition Costs of Online Lenders
GreenSky noted in their end of the year earnings call that their acquisition costs were among the best in the market; during the call GreenSky ...
Jackie Reses Discusses Square’s Lending Business
Speaking on CNBC with Jim Cramer on Mad Money, Reses shared that Square is capitalizing on the lack of access to traditional financing for small ...
Rate Rise Uncertainty, Fintech News and Securitization Update
In this week’s PeerIQ Industry Update they cover the uncertainty from the recent Fed meeting about whether or not there will be a rate ...
Community Activists Submit Letter to Oppose Square’s ILC Application
A group of 37 community groups sent a joint letter to the FDIC opposing the ILC application for the fintech firm Square; they are ...
Square’s ILC Charter Application Finds Broad Support
When Square initially filed for an ILC charter there were many in fintech who though the payments firm was doomed like Walmart was more ...
Online Small Business Lending Platforms Helped to Fuel Economic Growth
When banks pulled back from lending to any small business perceived as risky in the wake of the financial crisis there was a new group ...
Fintechs Might See ILC Charters as the Way Forward
There is uncertainty surrounding the OCC fintech charter because the Fed is rumored to not fully support the idea; that now puts the industrial ...
Square Launches Debit Card for Business Owners
Square continues their push into banking by offering a new debit card to business owners; “We now offer all sellers who use our point ...