PersonalLoans

Robinhood Sets Sights on Becoming Your Go-To Bank Beyond Meme Stocks

8 days ago

In a significant pivot from its initial reputation as a platform primarily for trading meme stocks, Robinhood is now aiming to establish itself as a comprehensive banking solution. The company has announced ambitious plans to expand its financial product offerings, venturing into areas traditionally dominated by conventional banks.

Block’s Cash App Borrow Secures FDIC Approval, Expanding Lending Services

21 days ago

In a significant development for financial services, Block Inc., the parent company of Cash App, has obtained approval from the Federal Deposit Insurance Corporation (FDIC) for its new subsidiary, enabling Cash App to offer loan services. This regulatory nod opens the door for Cash App to launch its 'Cash App Borrow' feature, aimed at providing customers with personal loans. The approval represents a critical step in Block's strategy to enhance its financial ecosystem and compete more aggressively in the personal finance sector.

SoFi Partners with Blue Owl to Launch $5 Billion Personal Loan Initiative

21 days ago

In a groundbreaking collaboration, SoFi Technologies Inc. has entered into an agreement with Blue Owl Capital, marking a significant move in the personal loan sector. This partnership aims to facilitate the distribution of up to $5 billion in personal loans, positioning both companies to capitalize on the growing demand for accessible financial solutions.

SoFi Partners with Fortress to Expand Personal Loan Offerings by $2 Billion

6 months ago

In a significant development within the financial services sector, SoFi Technologies Inc., a prominent player in the online lending market, has announced a groundbreaking partnership with Fortress Investment Group. This collaboration is set to bolster SoFi's personal loan capabilities with an infusion of up to $2 billion. This strategic move not only enhances SoFi's loan portfolio but also positions the company to cater to a growing consumer base looking for flexible financing solutions.