Prosper Marketplace & Radius Bank Join Forces to Offer Personal Loans Through …
Prosper Marketplace, an online marketplace that connects borrowers and investors, today announced that Radius Bank, a full-service bank serving consumers nationwide through an industry-leading virtual banking platform, will now offer a new personal …
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Tencent’s WeChat App to Offer Personal Loans in Minutes
Tencent is the biggest shareholder of WeBank with a 30% stake, while Alibaba’s financial affiliate, Ant Financial Service Group, operates MYbank, an online bank that began its service in June. Using data collected from hundreds of millions of …
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Online Lender Prosper Diversifies With Purchase of Personal Finance App
Prosper Marketplace Inc., one of the largest online marketplace lenders, said on Thursday it would acquire the Israeli personal-finance security company Billguard Inc., becoming the first of the “peer-to-peer” lenders to expand its products beyond loans.
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For some Americans, getting a loan may get easier
For them traditional lenders are highly inefficient at originating and servicing loans, and lengthy, paper-based application processes take too much time. In recent years, online lending platforms, which include so-called “marketplace lenders” and …
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