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Weekly Online Lending Snapshot – April 13, 2018

Online Lending Weekly_snapshot

 

The LendIt Fintech USA conference occurred this past week, with fintech leaders discussing the state of fintech industry and recognizing top performers within the fintech space. Upgrade announced a new personal credit line product at the LendIt Fintech conference. Sofi stated it will start offering deposit accounts and debit cards to some customers next month. Regions Bank has invested and partnered with Lender Price, a fintech that provides a digital platform for mortgages and other consumer loans.

In other news, on top of the new product announcement this week, Sofi named Michelle Gill as its next chief financial officer. Delhi-based Namaste Credit, an Alt-credit scoring marketplace venture, raised $3.8 million. LendingUSA named “Emerging Lending Platform of the Year” at LendIt Fintech USA 2018. The U.S. Senate Banking Committee is planning to repeal the Consumer Financial Protection Bureau’s (CFPB) indirect auto lending and leveraged lending rules.

Note that this report is updated as of Thursday’s market close to ensure we can get it to you before the weekend. Please contact us with any feedback or suggestions you may have for future snapshots.

 

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