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LendingClub’s Laplanche Starting New Online Lender

PYMNTS

LendingClub’s former CEO, Renaud Laplanche, who stepped down in May, sending shockwaves throughout the online lending industry, is gearing up to launch a new lender online called Upgrade. including Union Square Ventures, Ribbit Capital, Vy Capital and Silicon Valley Bank.

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Route AI Package Tracking Platform Raises $12M In Seed Funding

PYMNTS

The pre-seed funding was from Peak Venture Capital , which also led the new seed round, along with Album VC and strategic partner Pattern. . Using the Route App, users can visually track and protect online orders as well as resolve issues. Route+ offers retailers an end-to-end post-purchase experience. .

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Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. For example, Whole Foods managers went to a site in Utah that used to be a Kmart. Sources told Yahoo! that the company is visiting sites of now defunct retail spaces.

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Surprise Outcomes Edition: Cybercrime, Student Loans And CAN Capital

PYMNTS

But the world is full of unexpected costs — just ask the team at CAN Capital. CAN Capital, the small business online lender, has announced that its CEO is on a leave of absence. Watch Boardwalk Empire if you want to get a sense of how this all goes down. So, good news for borrowers — unexpectedly expensive news for taxpayers.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

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Top 18 Online Digital Corporate Credit Cards for Small Businesses (Oct 2024)

Fintech Labs Insights

Get Started Founded: 2016 | HQ: Utah | Funding: $418M Below is a list of the 17 challenger business credit cards currently active in the United States. The intelligent way to create and pay bills, send invoices, manage expenses, control budgets, and access the credit your business needs to grow—all on one platform.

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SoFi Officially Files For A Bank Charter Of Its Own

PYMNTS

Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. And though its mailing address will be in Salt Lake city, SoFi will continue to operate as it has since its inception — as an online-only institution, with no branches or deposit-taking ATMs. SoFi has confirmed the news.

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