In a bid to boost revenue squeezed by new regulations, lenders are turning to high-interest personal loans, a market in which they face stiff competition from upstart rivals.
This was the year that the UK’s 20 billion dollar FinTech baby broke through. People no longer say FinWhat?
Triton Research initiated research coverage on the upcoming IPO for LendingClub with a 8.06 rating, which is substantially higher than the firm’s average rating of 6.58.
There were search engines before Google, social networks before Facebook, and lending platforms before Lending Club. So how did these latecomers win? I find the answer interesting. One word: Execution.
In search of a more sophisticated measure of risk.
But make sure you pay close attention to the possible risks.
As small businesses continue to have trouble attracting attention from big banks, many have turned to online alternative lenders who charge higher fees and subject companies to a social-media smell test.
When it comes to disruptive companies, it’s getting harder to separate genuine disrupter from the pretenders. The listing later this year of Lending Club does look like the real thing, with long-term disruption of the banks as its aim.