Fintech firms hitting some of the same problems as finance-industry giants. Shares in On Deck Capital Inc. plunged 20%, after the online lender said it would grow more slowly this year than expected.
The comments highlighted how a new wave of financial-technology companies are hitting some of the same doldrums plaguing the industry’s giant incumbents. In addition, concerns about the economy are making it harder to sell the loans, and a growing number of competitors are squeezing margins. The swoon...
http://www.wsj.com/articles/online-lender-on-decks-stock-sinks-as-growth-ebbs-1456274938
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