Tagged: webbank

January 25, 2024 @ 6:03 pm By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping assistant, announced its entry into the subscription service model with the launch of Klarna Plus, issued by WebBank, now available to eligible US consumers through the Klarna app “for a monthly fee of $7.99.” Klarna Plus… Read More

October 26, 2022 @ 3:55 pm By Omar Faridi  |  

BNPL firm Zip Co (ASX: ZIP) announced the availability of Zip Card, issued by WebBank, the newest buy now, pay later product “offered through its portfolio.” As consumers look for BNPL options in brick-and-mortar retail, the Zip Card “extends the ‘Pay-in-4*’ functionality offline in a… Read More

August 17, 2022 @ 3:17 pm By Omar Faridi  |  

WebBank has announced an agreement with American Express (NYSE: AXP) “to become a card issuer and participant in the American Express network.” The collaboration allows WebBank “to issue credit card and payment solutions that include American Express benefits.” American Express selected WebBank “as one of… Read More

July 17, 2022 @ 8:47 pm By Omar Faridi  |  

WebBank recently announced that it has committed to invest up to $250 million in the obligations of a securitization structure supported by Avant that are “secured by credit card receivables.” The investment will be used “to meet the continuing demand and growth of the Avant®… Read More

April 16, 2022 @ 11:51 am By Omar Faridi  |  

Gemini, a digital currency platform to buy, sell, earn, and store crypto, recently announced that the Gemini Credit CardTM is now available “in all 50 U.S. states.” Cardholders can “earn up to 3% crypto back on dining+, 2% crypto back on groceries, and 1% crypto… Read More

January 9, 2022 @ 7:00 am By JD Alois  |  

Last week, Petal, a credit card startup that issues cards in partnership with WebBank, announced a Series D funding round of $140 million led by Tarsadia Investments. In a blog post, Petal shared that new and existing investors in the round included Valar Ventures, CUNA… Read More

November 6, 2021 @ 12:05 pm By Omar Faridi  |  

DigniFi, a Fintech platform for the automotive sector, recently confirmed that Neeraj Mehta has been named CEO, replacing Richard Counihan whose guidance and expertise were “instrumental in significantly growing the company during his five-year tenure by expanding to 32 states, launching a revolving line of… Read More

March 3, 2021 @ 9:54 pm By Omar Faridi  |  

Forward Financing, a Fintech firm that aims to offer “flexible” and revenue-based financing to SMBs, revealed recently that it has provided $1 billion in funding since its inception back in 2012. According to Forward Financing, the majority of this funding has been allocated towards  “underserved”… Read More

April 6, 2017 @ 10:31 am By JD Alois  |  

Renaud Laplanche, the founding CEO of Lending Club, has announced the launch of a new consumer credit platform aptly entitled Upgrade.  The online lender was described as a new iteration of online lending that combines the best of marketplace lending and consumer services such as… Read More

April 19, 2016 @ 1:32 pm By Erin Hobey  |  

  Online lending platform Avant announced today it has recruited the key technical teams of two local technology startups, StudyCloud and TempoIQ, to support the company’s next phase of growth. Avant recently surpassed $3 billion in loan originations and as growth continues for 2016, acqui-hires have become… Read More

June 24, 2015 @ 9:51 pm By JD Alois  |  

Credibly has signed an agreement with a syndicate of banks to help expand their loan products. Credibly is the reincarnation of RetailCapital, a company that is an emerging FinTech portal that uses big data to provide a better lending experience. Credibly is another entrant in the… Read More

April 14, 2015 @ 9:37 am By Samantha Hurst  |  

Lending Club (NYSE: LC), the largest online marketplace connecting borrowers and investors, and Citi  (NYSE: C) are launching a pioneering new partnership with Varadero Capital L.P., an alternative management firm focused on specialized credit investments, to facilitate up to $150 million in loans designed to provide more affordable credit to underserved… Read More

November 19, 2014 @ 11:24 am By Erin Hobey  |  

Lending Club, the world’s largest online marketplace connecting borrowers and investors, today launched a new “SuperPrime” loan product offering that expands the options available to borrowers with the highest credit quality.This new product line provides a two-year AA term loan for $10,000 or less (with… Read More