In News Roundup

Each week we take a look at the biggest stories in fintech. Here’s our latest roundup!

Top Stories

PayPal Makes $1 Billion in Small Business Loans in First Two Years
PayPal Holdings Inc. (PYPL.O), the online payment processor, announced on Tuesday that it has processed $1 billion loans in the first two years of the launch of its small business lending program, doubling loan growth in that span.

Seven Experts Weigh In On How A Fed Rate Hike Would Affect Peer Lending
LendingRobot takes a close look at the potential effects of an interest rate hike from the Federal Reserve would have on marketplace lending with seven of the industry’s leading experts.

Here’s What Really Happened at that Company That Set a $70,000 Minimum Wage
Dan Price decided to pay all 120 employees at least $70,000. Grown men cried. Profits soared. Then things got really crazy.

Credibly Launches Fintech Fireside Series with Orchard
Credibly launched a new webseries, Fintech Fireside, in which CEO Glenn Goldman sits down with industry innovators to discuss news and trends affecting the industry. In the first episode Orchard’s CEO Matt Burton joins Goldman to debunk some of the industry’s most commonly cited myths.

Upcoming Events

American Banker’s Marketplace Lending + Investing
New York Hilton Midtown
1335 Avenue of the Americas
New York, NY

We’re excited to exhibit at next week’s Marketplace Lending + Investing Conference in New York City, hosted by American Banker. Make sure to come chat with Team Herio at Booth 111!

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