 | |
| Company type | Private company |
|---|---|
| Industry | Financial Technology |
| Founded | 2001 |
| Defunct | 2019 |
| Fate | Bankrupt |
| Headquarters | , |
| Products | Cortex |
Number of employees | 181 (2016) |
| Website | www |
Think Finance was an American company that provided technology, analytics, and marketing services to financial businesses in the consumer lending industry. [1] It operated from 2011 until it went bankrupt in 2019.
Think Finance was founded in 2001 in Fort Worth, Texas. [2] The company was last headed by Martin J. Wong, who served as the company’s Chief Executive Officer since May 2014. [3]
In 2014, Think Finance restructured its business by spinning off its consumer lending products portfolio into a new independent company, called Elevate. Following the restructuring, Think Finance’s business model changed to being a provider of analytics and technology services to third-party online lenders. [4]
In late 2019, Think Finance emerged from Chapter 11 bankruptcy proceedings and reorganized its company structure. The Think Finance name and company were dissolved. While its subsidiaries continue to operate, they are no longer under the umbrella of Think Finance.
Think Finance’s main product was Cortex, a suite of technology and services which helps lenders market, originate, service and manage online loans. [5]
In 2013, Think Finance was ranked #2 on the Forbes List of America’s Most Promising Companies. In its ranking, Forbes cited Think Finance’s innovation in "applying new technology to stagnant business models" resulting in growth that outperformed traditional banks. [6]
From 2010-2015, Think was an Honoree on the Inc. 5000 List of the Fastest Growing Companies. Inc. Magazine noted the company’s 3 year growth rate of 216%, as well as surpassing $687 million in revenue in 2013. Inc. describes Think Finance as a company that “develops next-generation products for under-served consumers using a technology and analytics platform to bridge the gap between payday loans and credit cards.” [7]
GE Capital was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one division of the company remained, GE Energy Financial Services, which was transferred to GE Vernova when General Electric was broken up.
LendingClub is a financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
eCapital, founded in 2006 and based in Miami, Florida, is a financial services company with operations spanning across Canada, the United Kingdom, and the United States. The company specializes in asset-based lending, freight factoring, invoice factoring, healthcare receivables financing, and payroll funding.
CRIF High Mark Credit Information Services Pvt. Ltd. is an RBI-approved credit bureau in India. It serves retail, agriculture and rural, MSME, commercial and microfinance.
OneMain Holdings, Inc. is an American financial services holding company headquartered in Evansville, Indiana, with central offices throughout the United States. The company wholly owns OneMain Finance Corporation and its subsidiaries, through which it operates in the consumer finance and insurance industries as OneMain Financial. Its business primarily focuses on providing personal loans and optional insurance products to customers with limited access to traditional lenders, such as banks and credit card companies.
Ftrans Corp. is an Atlanta, GA based provider of technology enabled collateral monitoring services to banks for monitoring their commercial and industrial loan portfolios. Founded in 2004, Ftrans provides commercial lending services to banks and receivables services to bank clients (borrowers) in the United States. Ftrans was listed on the Inc. 500 list of the fastest growing private companies in the United States in 2009 and on the Inc. 5000 list in 2010, and was ranked 13th in the Financial Services category after posting 718% growth in 2009.
GoodLeap, formerly Loanpal, is a finance technology company headquartered in Roseville, that provides financing options for the residential solar energy industry.
Black Knight, Inc. is an American corporation that provides integrated technology, services, data and analytics to the mortgage lending, servicing and real estate industries, as well as the capital and secondary markets. Black Knight is also known for its monthly benchmark data reports: Mortgage Monitor, a month-end analysis of mortgage performance statistics derived from Black Knight's loan-level database representing the majority of the national mortgage market; and Originations Market Monitor, the industry's earliest and most comprehensive view of single-family residential mortgage originations based on daily rate lock data from Black Knight's Optimal Blue PPE. In 2023, Intercontinental Exchange acquired the company for $11.7 billion.
Solar Mosaic is a clean energy fin-tech company based in Oakland, California. Founded in 2010, Mosaic created its initial business model using crowdfunding principals to offer loans for commercial solar development projects. After shifting its model in 2014, Mosaic is now focused on financing residential solar projects by leveraging third party capital partners. Through this model, the company aims to democratize the social and environmental benefits of clean energy.
SoFi Technologies, Inc. is an American personal finance and financial technology company. Founded in 2011 at Stanford University, it operates as a direct bank and supports other financial institutions through its technology platform. As of 2024, SoFi reports 9.4 million customers and 160 million platform accounts.
Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products, through Synchrony Bank, its wholly owned online bank subsidiary.
Avant, LLC, formerly AvantCredit, is a private Chicago, Illinois-based company in the financial technology industry. The company was established in 2012 by serial entrepreneur Albert "Al" Goldstein, John Sun, and Paul Zhang. Initially structured as a mid-prime lender, the company issued its first personal unsecured loan in early 2013 using its proprietary technology to determine an individual's creditworthiness.
CardCash is an American company headquartered in Brick, New Jersey, that operates an online gift card marketplace where users can buy and sell discounted gift cards. It was co-founded in 2009 by CEO Elliot Bohm and COO Marc Ackerman.
Digital Currency Group Inc. (DCG) is a venture capital company focusing on the digital currency market. It is located in Stamford, Connecticut. The company has the subsidiaries Foundry, Genesis, Grayscale Investments, and Luno. It also formerly owned CoinDesk.
OnDeck Capital is an American small business lending company with offices in Chicago, IL; New York, NY; Denver, CO, and South Jordan, UT. OnDeck provides its loans exclusively online and uses proprietary software to aggregate data about a business’ operations, which is processed by an algorithm that determines loan eligibility.
GreenSky, LLC is a financial technology company founded in 2006 based in Atlanta, Georgia. It provides technology to banks and merchants to make loans to consumers for home improvement, solar, healthcare and other purposes.
Booyami Inc. is a provider of automation tools and business intelligence software for small business accounting. The company was founded in 2011 by a former Microsoft employee James Walter and a former vice-president of Bank of America, Corey Ross. The synergy produced BBC Easy and Finagraph — two technological solutions for small business that offer strategic financial intelligence and streamline obtaining business loans. After Moody's acquisition of the stake in Booyami in May 2016, Booyami announced that it now intends to expand its Finagraph service to medium-size businesses.
SuperMoney is an online financial comparison platform that helps consumers evaluate financial services. It is headquartered in Santa Ana, California.
Affirm Holdings, Inc. is an American technology company that provides financial services for shoppers and merchants. Founded in 2012 by PayPal co-founder Max Levchin, it is the largest U.S. based buy now, pay later lender. As of 2024, Affirm reports 19.5 million users, processing $26.6 billion in payments annually.
Credible Labs Inc., commonly known as Credible, is a financial technology company headquartered in San Francisco. The company also does business through its subsidiary Credible Operations, Inc. Its online marketplace offers consumers the ability to compare and refinance loans, mortgages, and other financial products from lenders. Credible became a subsidiary of Fox Corporation in 2019. In December 2021, Credible acquired digital insurance platform Young Alfred, adding various kinds of insurance including home, auto, and pet to its platform.