The term "online loans" refers to a broad category of lending services provided through digital platforms, rather than a specific company. These services allow consumers to apply for, get approved for, and receive funds without visiting a physical bank branch. Companies in this sector range from large, publicly-traded fintech firms (e.g., SoFi, Upstart) to smaller, specialized payday lenders. Their mission is typically to provide faster and more convenient access to credit using technology-driven underwriting processes.

Founded in

United States