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Yesterday, American Banker dissected Weemba’s loan listings since the startup launched four weeks ago. Here is the breakdown of 150 loans requested so far:
- Health care: 55% of loans
- Small business financing: 12%
- Automobile, motorcycle or other vehicle: 12%
- Mortgages and home improvement projects: 10%
- Student loans: 6%
- Other: 5%
To learn more about Weemba, watch its demo from FinovateFall 2011.
Geezeo signs three more referral engine clients.Earlier this week, American Banker described the science that FinTech companies use to learn the spending habits of consumers, the Payments Genome.
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Earlier today, Pageonce launched a mobile bill pay service that provides consumers more flexibility when paying bills:
“Now Pageonce gives users the option to pay immediately from their choice of accounts with a few taps on their smartphone. Pageonce makes paper bills, checks and stamps, and logging into several different websites for online bill pay, obsolete — helping users save time and avoid annoying late and overdraft fees.”
Here’s how it works:
Pageonce collects information about a user’s bills, including due date, amount due and itemized details, and presents them in an easy-to-read format on a smartphone. Before a bill is due, users get an alert that allows them to pay in three steps:
1. Select how to pay2. Enter the amount3. Tap Pay
This service is available on Apple and Android platforms for $4.99 per month.
South Florida Business Journal covers Weemba’s borrower-lender matching service.
- “Record September originations of $7.4 mil, up almost four-fold from $2.0 mil last year
- 11% compounded monthly growth rate over the last 12 months
- Currently, providing a 10.7% “seasoned return” to investors
- Actual annualized loss rate of 5.5%, beating forecast loss rate of 7.1%
- High credit-quality consumer loans: 737 average Experian Scorex PLUS credit score for first-time Prosper borrowers.”
After being acquired by Taulia, billFLO announces its services will be shutting down Dec 1, 2011.
Yesterday, TechCrunch covered BillGuard’s new round of funding:
“Khosla led the round, a $10 million series B. Other investors include Founders Fund, Eric Schmidt’s Innovation Endeavors, Bessemer, IA Ventures, Saul Klein, and Joe Lonsdale. The startup raised a $3 million series A in February, 2011.”
MyBankTracker.com covers the FinovateFall Best of Show videos.