#Credit & Lending

Habito, the digital mortgage broker, will begin direct lending via its own mortgages
Steve O'Hear

Habito, the London startup that has spent the last three years dragging the mortgage process online, is to begin direct lending via its own range of mortgages. Starting with ‘buy to let’ mortgages, the move represents the first time the fintech startup has expanded beyond brokerage after it received regulatory approval to become a mortgage […]

Summer wants to vanquish student loans for borrowers, and now has $10M to do it
Danny Crichton

$1.5 trillion. That’s the amount of outstanding student loan debt held by American citizens according to the New York Fed. It is an astronomical sum, and has led to much hand-wringing about whether there is a coming bubble in U.S. higher education. What’s even worse than the scale of the debt load though is the […]

Credit Sesame, a platform for managing loans and credit scores, picks up $43M en route to IPO
Ingrid Lunden

Household debt in the US continues to rise and as of this year now stands at nearly $14 billion. Now, one of the startups that’s building tools to help consumers better cope with that is announcing a round of funding and plans for an IPO — signs of the demand for its services, and its […]

Student loan refinancing startup Splash Financial raises $4.3 million
Jonathan Shieber

Splash Financial, a Cleveland-based startup that has partnered with the Pentagon Federal Credit Union to refinance student loans, has raised $4.3 million in a round of venture financing. The round was led by CUNA Mutual Group, a PenFed partner, and Northwestern Mutual Future Ventures, the corporate investment arm of Northwestern Mutual. As student loan debt […]

Apple Card will make credit card fraud a lot more difficult
Zack Whittaker

Apple’s new credit card has a curious security feature that will make it much more difficult to carry out credit card fraud. The aptly named Apple Card is a new credit card, built into your iPhone Wallet app, which the company says will help customers live a “healthier” financial lifestyle. The card is designed to […]