Like General Motors extending credit to car dealers, Google will use Lending Club to finance resellers, service providers, and consultants in its supply chain while putting to work a portion of the tech giant s cash war chest.
Marketplace lending and investment firm Direct Lending Investments (DLI) recently announced a $250 million investment in small business marketplace lender Biz2Credit.
The Long Tail model suggests that there is a lot of potential value in future crowdfunding platforms.
Seven months have ticked by since hedge fund Marshall Wace spun out P2P Global, an investment trust focused on lending through peer-to-peer lending platforms.
The largest ten banks hold 75 percent of U.S. banking assets, and by expanding that list of the largest 25 banks, that figure increases to 94 percent.
“Alejandro believes that the way to go for banks interested in taking a shot to this market is through a model where they act as an online trading agent, going from lead generation to a more stronger partnership where they can direct their own institutional investments through the P2P platform. An Argentinean insurance company for […]
Online marketplace lending platforms are filling real needs. But few banks participate in this booming niche, reflecting the industry s risk aversion and regulatory concerns as well as resistance to change.
Having trouble getting a bank loan for your small business? You’re not alone: Just 21.1% of small business loan requests were approved at big banks in December 2014.