Online loans likely to lead to the payday debt spiral

Resorting to the mobile phone for a quick injection of cash is on the rise as more online lenders join the market, a trend likely to lead more Australians into a spiral of debt, says QUT poverty researcher Professor Greg ...

LendingClub, Alibaba ink deal on financing

US startup LendingClub, a leader in so-called peer-to-peer lending, announced a partnership Tuesday with China's Alibaba to be a source of credit for purchases at the online retailer.

Google takes stake in Lending Club

Internet giant Google said Thursday it has acquired a $125 million minority stake in peer-to-peer online loan company Lending Club.

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