The San Francisco startup, which connects borrowers and lenders, plans to use its new funds to expand -- just like its main rival.
The peer-to-peer lending startup had connected borrowers and sellers for personal loans up to $35,000, but now it's catering to small businesses with $100,000 loans.
Uber says each full-time driver brings in $100,000 in rides per year, so the company is using the cash flow to get cheaper car financing for its drivers.
Renaud Laplanche's business connecting lenders and borrowers is accelerating toward an IPO. In an interview, he scoffs at traditional banks and hints at what'll come of Google's $125 million investment.
The startup, which offers borrowers and lenders better interest rates than banks, is angling to become a publicly traded company.
Debt rating firm Moody's weighs in with its downgrade after Nokia warned its second-quarter financial performance would disappoint and that it would have to cut 10,000 jobs.
Beacon Power, a flywheel storage company that received a government loan guarantee, said its storage plant will continue to operate as it seeks new sources of capital.
In the wake of Beacon Power's bankruptcy, other clean-tech companies with loan guarantees could be in for trouble, too.
Wilson tells us how to avoid getting hit by a bus in Guangdong, China, and Aunt Jill answers your questions about refinancing a home, saving early for retirement, and what we can expect from the economy in 2011!
Wilson tells us how to avoid getting hit by a bus in Guangdong, China, and Aunt Jill answers your financial questions about refinancing a home, early saving for retirement, and what we can expect from the economy in 2011!