Online near prime lender LendingPoint to boost expansion into point-of-sale with acquisition of LoanHero. Source
LongFin is a microcap stock which rose 2600% after it debuted last week; the company announced last week it bought Ziddu.com, a blockchain micro-lending solutions provider; the stock has had more than a dozen trading halts after the price gains; LongFin plans to offer services to importers and exporters on the blockchain with the acquisition. Source
Happy New Year everyone. Here is my annual predictions post where I review my previous years predictions and make some...
There is big news out of Prosper this morning. They have made their second acquisition this year (in January they...
This morning I just read this article on Reuters PE Hub. It claimed that Lending Club is also seeking a...
It’s not often we report on acquisitions in fintech. From my perspective this is because the industry is still relatively...
According to the Financial Times, SoFi had talks with various companies including Schwab earlier this year to sell the company; the discussions took place after an indicative offer of $6 billion from a foreign bank; the company subsequently held talks with other companies with a targeted price of between $8 - $10 billion; no acquirers were willing to match the price and SoFi decided to wait for an IPO. Source
Samir Desai, co-founder and CEO of Funding Circle, the world’s largest marketplace for small business loans, made a big announcement today at...
More big news from Prosper today and this story is very significant. Prosper has completed their first acquisition – American...
First, let me say this is not an April Fools joke. This announcement from Lending Club today is very big...
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