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Blog Online Lending Weekly_snapshot

Weekly Online Lending Snapshot – July 21, 2017

This week, it was reported that Upgrade, an online lender founded by Renaud Laplanche, the former CEO of LendingClub, is growing loan volume and has hired about 100 new employees. In international lending news, FinLeap, the fintech incubation startup platform...

catherine pargeter

Building the Diverse Workforce of the Future, Today (Part 1)

Interested in joining the conversation? Join Orchard, Commonbond, Bond Street and LendIt at our Ladies in Fintech (LiFT) event on Thursday, July 27 2017. Event details and RSVP here: https://splashthat.com/sites/view/summer2017liftevent.splashthat.com   It’s true—and sure, a bit of a cliché at this...

Online Lending Weekly_snapshot

Weekly Online Lending Snapshot – July 14, 2017

This week, there is a lot of news from the Asia-Pacific region. Hong Kong-based CompareAsiaGroup announced that it raised $50 million in funding from Alibaba and the IFC. CompareAsiaGroup helps people in seven Asian Pacific countries compare and buy financial...

Online Lending Weekly_snapshot

Weekly Online Lending Snapshot – July 7, 2017

This week, SoFi announced plans to shut down Zenbank, an online bank that it recently acquired, as the company plans to launch its own online bank. SoFi has recently applied for a bank charter and intends to utilize Zenbank’s tech...

Orchard’s collaboration provides our clients with access to Experian’s depersonalized credit data

Today, Experian® issued a statement about our recent agreement to make their depersonalized consumer credit data available to clients on Orchard’s platform. Delivering greater transparency, high-quality data and analytical tools to the market is central to the mission of both...

Online Lending Weekly_snapshot

Weekly Online Lending Snapshot – June 30, 2017

The Wall Street Journal reported that Square will enter the consumer lending space by enabling their small business users to provide credit for their customer base. Customers who decide to participate in the program will have the option to finance...

Summer Intern Class of 2017

Welcome to Orchard’s Summer Intern Class of 2017!

Summer in NYC means a lot of things to different people. Trips to the beach. BBQs. A little vacation time. Rooftop cocktails. At Orchard, it also means a new class of interns!  And this year we’re excited that nine exceptional...

Fintech 250

Orchard Named to Fintech 250 List at Future of Fintech 2017

We’re honored that CB Insights named Orchard Platform to their Fintech 250 list, announced this morning to coincide with the beginning of  The Future of Fintech 2017 event, happening today and tomorrow (June 27-28) in NYC. “The financial services industry will see more change...

Consumer Credit

Mid-2017: Consumer Credit Reviewed in 14 Charts

As we near the halfway point of 2017—with the U.S. equity markets at-or-near record highs, volatility at all time lows, and the Fed having raised rates for the second time this year—I thought it might be an opportune time to take a closer...

Online Lending Weekly_snapshot

Weekly Online Lending Snapshot – June 23, 2017

In an interview with CNBC, Goldman Sachs CEO Lloyd Blankfein announced that Marcus, the online consumer lending business they launched last year, has already lent $1 billion and is on track to lend $2 billion by the end of 2017....