The last week has signified an interesting turn in the relatively young history of the alternative lending industry. In particular, online lending took a hit and perpetuated a wave of skepticism around it. The event to contribute to it is related to one of the largest alternative lenders – Lending Club – whose shares plummeted significantly in less than a week. In the period between May 6 and 10, Lending Club’s share prices went from $7.09 to $4.10 with the lowest point at $3.98 per share. Overall, Lending Club’s share prices were reported to drop by 35%. Investigations around the quality of loans didn’t particularly help the situation. By Sofia (letstalkpayments.com) Read more on Lending Club casehere SL ...
Enthusiasm for certain fintech investments is said to be cooling among venture capitalists and private-equity firms already. So the natural question is, how can enterprising startups survive, much less grow? Read more on “Survival tips for fintech startups” Here SL ...
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