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.
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.
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.
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.
The startup, which offers borrowers and lenders better interest rates than banks, is angling to become a publicly traded company.
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.
On today's episode of The 404 Podcast, hosts Jeff Bakalar, Wilson G. Tang, and Justin Yu welcome MoneyWatch financial decoder Jill Schlesinger to answer listener-submitted financial questions.
For £400, this new MP3 player from B&O needs to rock the house. We're expecting ridiculously good audio quality. But will that be enough to sell one of the most expensive MP3 players in the world?
New service from the real estate site links borrowers with lenders but protects anonymity and opens quotes for all to see.