Marketplace lenders break into auto lending

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By Jennifer Kang
08 Apr 2021

Marketplace lenders are breaking into the auto loan industry, continuing to move far beyond the unsecured consumer loan products they began with. The move is driven by fintechs leveraging their technologies and client bases developed through their consumer loan products to open up new channels of income, sources say.

It is not news that fintech lenders have been aggressively adding new product offerings.

While they got their start with unsecured consumer lending, many marketplace lenders have dipped their toes into mortgages, small business loans and home improvement loans in the last few years. The list ...

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