Tag: loans

Point raises $122 million to extend equity financing to homeowners and buyers

Point, a Palo Alto startup that extends equity financing to homeowners and homebuyers, today announced that it has secured $122 million in new financing, $22 million of which was raised in a series B equity funding led by Prudential Financial and DAG Ventures, with contributions from new investors Financial Venture Studio and Enterprise Community Partners […]

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As Interest Rates and New Vehicle Prices Rise, Loan Terms and Payments Reach for the Sky

Image, for a moment, that the trailer pictured above is filled with debt. It’s a good representation of the average new vehicle purchase. Looking at last month’s stats, you’d have to go back to the safe and comfortable pre-Twitter era to find a January in which fewer people got their hands on a zero percent […]

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LoanSnap raises $4.3 million for its AI-driven lending tool

LoanSnap, the self-styled “smart loan” company backed by billionaire Virgin Group founder Richard Branson and former NFL quarterback Joe Montana, is kicking butt and taking names. The San Francisco startup raised $8 million in July 2018 for its artificially intelligent (AI) platform that matches loan options with buyers, and in November it rolled out a bespoke […]

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Millennials in China Are Using Nudes to Secure Loans

This article originally appeared on VICE Australia. Microloan systems have revolutionized the way we shop. Desperate for the latest, very slightly updated iPhone? Sign up for a month-to-month plan and break that price tag down into manageable morsels. Always wanted a jacuzzi but too cash poor to pay for it? Sign up to Afterpay and […]

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Tally brings its app for credit card debt payments to Android

Credit card debt can be crippling. In 2016, the average cardholder had about $16,000 in credit card debt, which amounted to about 11.7 percent of their total household debt. With an interest rate of 17 percent and a minimum monthly payment of $250, it’d take 11 years to wipe that off the books. That’s where […]

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