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Online Lenders Make Attractive Buying Targets for Banks

Online Lenders Make Attractive Buying Targets for Banks

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FintechUSA
··1 min read

Online lenders have felt the brunt of the current crisis as many of the platforms operate on a marketplace model where investors buy the loans; when investor money dries up the platforms no longer have the capacity to lend; publicly traded lenders like OnDeck, LendingClub and GreenSky have all seen their stocks plummet since the beginning of 2020; an investment banker explains to the FT, “The banks don’t necessarily like the platforms as businesses because of the liability funding structure, but would look at them because of the technology — they look at them as a capex replacement or a lending engine.”; with values becoming more and more attractive by the day for potential buyers the question is who will be the first bought and can any survive long term? Financial Times

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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