Small Businesses Turning Far More Often to Online Lenders

In a short span of two years, the rate of small-business owners applying to an online lender has increased from 19% in 2016 to 32% in 2018. There are many reasons why small-business owners would choose online lenders over traditional banks, such as online lending platforms provide convenience and saves time for borrowers. Learn more … Read More

Funding Circle US Hits $2bn Milestone

This article is astonishing and positive news for the peer-to-peer lending industry. One point of note in the article is: “If [Funding Circle] were a bank it would be among the 50 largest small business commercial and industrial loan portfolios in the US, according to the latest FDIC data available, cited by Funding Circle”. This … Read More

Fintech Predictions for 2019

Prime Meridian would like to share a great article from our friends at Lend Academy about their fintech predictions for 2019.  The article lists 9 insightful predictions for 2019 while also reviewing how well their 2018 predictions fared.  Peter Renton is one of the most knowledgeable people in the fintech industry so we always enjoy … Read More