Silicon Valley Bank's stranded deposits spread the pain from Tech Valley to Napa ValleySilicon Valley Bank, once a darling of the California financial system, fell swiftly on Friday, a day after investors and depositors tried ...
11 Mar, 2023, 11.11 PM IST
Thousands of fintech jobs are gone as companies cut costs for first timeFintechs boomed during the early days of the pandemic, ambitious to grow and driven by low interest rates and consumer hunger for debt.
11 Feb, 2023, 04.47 PM IST
How fast should P2P lending grow?This sector should grow in a calibrated way and not get caught in aggressive and no holds barred lending spree.
03 Oct, 2018, 03.43 PM IST
RBI keeps a watch, demands P2P lending only via bank accountsWhile P2P lenders in India are currently unregulated, the RBI recently issued a consultation paper on rules for the sector and sought sugge...
24 Jul, 2018, 10.40 AM IST
AYE Finance lands Rs 147 crore from CapitalG and othersThe NBFC will use the proceeds from the round to further increase its loan book, which stands at about Rs 525 crore, with a significant por...
11 Jun, 2018, 08.37 AM IST
PayPal's India Pay to open for business in a weekWith its new service in India, PayPal will act like a payment aggregator and work with banks to offer digital payment services to its custo...
02 Nov, 2017, 07.50 AM IST
The next crisis will start in Silicon ValleyCrowdfunding firms like Kickstarter and Lending Club have created new ways for companies and individuals to raise money from dispersed netw...
19 Sep, 2017, 09.55 AM IST
Chinese stock whose 4,555% rally baffled world faces Nasdaq bootNasdaq said Wins doesn’t meet regulations requiring it to have 300 shareholders who own 100 shares.
10 Aug, 2017, 03.53 PM IST
RentoMojo raises $10 million in Series-B fundingBain Capital Ventures, former Lending Club CEO Renaud Laplanche and existing investors Accel Partners & IDG Ventures also participated in r...
19 Jul, 2017, 08.51 AM IST
Instant lending made this college dropout a billionaireThe majority owner of GreenSky, David Zalik, has appeared on the media radar just as suddenly.
27 Sep, 2016, 10.08 AM IST
'Big Short's' Eisman assails 'clueless' Silicon Valley over online lending"When you go to Amazon and buy a book, you buy it and the transaction is over. But when you take out a loan, that is just the beginning of ...
20 Sep, 2016, 10.40 AM IST
Unicorn tag may be a trap for startupsHigh-profile troubles at LendingClub, which debuted at a hefty $5.4 billion valuation in late 2015 but has since sunk to $2.1 billion, have...
07 Sep, 2016, 12.46 PM IST
Strapped Indian startups now get support of global VCs with long-term view & domain expertiseNew York-based investment firm manages a corpus of $1.2 billion and has backed companies like BookMyShow & Bigbasket.
18 Jul, 2016, 06.57 AM IST
Some avenues for funding may prove cheaper than banksInnovation around various financial instruments that simplifies the borrowing and lending process and helps businesses achieve financial go...
16 May, 2015, 08.11 PM IST
11 PIOs in Forbes's list of best venture capitalistsThese VCs with the "Midas" touch are making big and early bets on the leading tech cos of tomorrow and earning outsized returns for their i...
26 Mar, 2015, 10.45 AM IST
Cheaper than banks: 5 platforms that fuel alternative finance marketPersonal loans are one of the most popular products on a P2P platform and sees active participation.
18 Feb, 2015, 01.03 PM IST
- Looking for a loan? Try peer-to-peer network
In P2P lending, people looking for a loan set the maximum interest rate they are willing to pay and lenders bid against one another. Busine...
28 Sep, 2008, 12.27 PM IST