LendingClub launched LCX, a new digital marketplace platform - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.To get this story plus others to your inbox each day, hours before they're published on Business Insider, clickLendingClub, a marketplace lender that connects borrowers and investors, launched LCX, a new digital marketplace platform that connects institutional investors like banks, hedge funds, or asset managers, to its platform to fund loans.

Personal loans reached a record high of $138 billion in the US in 2018, per TransUnion. And there's increasing consumer demand: A record-high 19.1 million consumers took out personal loans in Q4 2018 — an increase of 2 million from a year earlier in Q4 2017. For its part, LendingClub sees around $1 billion in monthly loan volume.

Digital-first lenders also often have less restrictive loan approval criteria than banks do: They might take other factors into consideration like cash flow or employment history, whereas banks largely prioritize a prospective borrower's credit score. Further, to differentiate, lenders will offer concessions: Social Finance , for example, offers protection if a borrower becomes unemployed, allowing them to put their loan on hold while they look for a new job.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Inside Bustle Digital Group: staff cuts, diversity concerns, bad press - Business InsiderNearly two dozen current and former employees told Business Insider that Bustle Digital Group is undergoing massive changes in direction and values.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Apple is looking to become a studio - Business Insider - Business InsiderApple made two announcements that suggest it's seeking studio status, including a five-year content TV production deal with Alfonso Cuarón. For the time being apples cash rich advantage is offset by its reluctance to produce anything anyone wants to watch
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

New Vector: Series A pitch deck for Matrix, a WhatsApp competitor - Business InsiderNew Vector raised an $8.5 million Series A funding round to expand as it looks to take on competitors WhatsApp, Telegram, and Slack.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Uber, Lyft sue NYC over new congestion-fighting empty car rules - Business InsiderThe new rules were designed to ease congestion and reduce the number of empty ride-hailing cars circling city streets. What is next? Are we going to sue people for going on drives with no destination. What is people just want to get out the house and drive a little. New York City is a cesspool of restrictions and regulations.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

The founders of Birchbox and BarkBox on keeping your business relevant - Business InsiderThe subscription box industry is still booming — here are 4 ways the founders of Birchbox and BarkBox keep their businesses relevant (by jenni_gritters)
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »