Articles tagged “loans”

Uplift Raises $123 Million to Broaden Its Travel Loan Services

Uplift Raises $123 Million to Broaden Its Travel Loan Services

Sean O'Neill, Skift

The old idea of payments in monthly installments is seeing new life in the U.S. online travel sector. Uplift is one of the leading tech vendors powering loans to travelers for buying from airlines such as Spirit and search sites like Kayak. Expect a lot of marketing around this in 2019.

7 months ago

Uber Wants to Bypass Banks for a $1.25 Billion Investor Loan

Uber Wants to Bypass Banks for a $1.25 Billion Investor Loan

Lisa Lee and Sally Bakewell, Bloomberg

Uber said it has a $10 billion liquidity position yet it is seeking a $1.25 billion loan from institutional investors. It seems as though that projected 2019 initial public offering can't come soon enough.

1 year ago

Travel Companies Start Lending Consumers Money to Book Trips

Travel Companies Start Lending Consumers Money to Book Trips

Sean O'Neill, Skift

Companies ought to carry out adequate checks on the ability of borrowers to repay travel loans on time. Otherwise, a surprise disruption such as an Icelandic volcano or an economic downturn could prompt defaults.

2 years ago