PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Attorney Alex Tse. “We The Response.

P2P 54

P2P Origination Underwriting Returns 54

Fintech Labs Insights

JULY 30, 2024

Lendio FAB Score = 124 (up 16) – HQ: Salt Lake City, Utah – Founded: 2011 (originally founded in 2006 as FundingUtah). IOU Financial FAB Score = 23 (up 7) – HQ: Atlanta – Founded: 2011 – Raised: $132M (including $200k in 2021) ( Crunchbase ) – Market cap: $22M (19 July 2023), up $9M since 16 May 2023 (taken private in Sep 2023) – $1.5B

Small Business 29

Small Business NOV Acquirers Origination 29

PYMNTS

JANUARY 20, 2017

Bitcoin’s current estimated market cap is over $14.5 If Coinbase is allowed to intervene, the bitcoin exchange will supplement Berns’ original case with additional arguments. The past few days have seen bitcoin rising at a similar rate seen in late December and into early 2017. percent from the day’s open of $884.25.

Bitcoin 41

Bitcoin IRS Digital Currency Central Bank 41

CB Insights

SEPTEMBER 10, 2019

Simple, an early contender founded in 2009, floundered following its 2011 launch before ultimately being bought by Spanish banking giant BBVA in 2014. users in under 2 years on its way to being acquired by Intuit in 2009 for $170M. Acorns has grown with its original target audience and now offers 3 product packages.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

CB Insights

OCTOBER 16, 2018

The online bookseller didn’t turn a profit for six years — today, it’s the second publicly traded company ever to hit a $1T market cap. 2009: Focus on inputs — the outputs will take care of themselves. Day 1 represents originality, enthusiasm, and an eagerness to delight customers.

Innovation 78

Innovation Product Risk Technology 78

PYMNTS

AUGUST 21, 2017

Over Labor Day weekend in 1995, Pierre Omidyar wrote the original code in his living room for the company that would later become known as eBay. Zulily, founded in 2009, became a favorite platform for moms who wanted to buy stuff for their kids and loved the surprise of seeing new selections and flash sale options every day.

PayPal 51

PayPal Push-to-Card Consumer Acquirers 51

CB Insights

SEPTEMBER 5, 2018

The main driver of this recent boom in funding has been the rise of the dockless system, which originated in China with traditional bikes back in 2016 but has since spread to the US for traditional bikes, e-bikes, and electric scooters. This decision could set a precedent for firms looking to expand to new markets going forward.

P2P 78

P2P On-Demand Regulations Governance 78