Tagged: lending

Brief: Spotcap, German Fintech Startup, Locks In €31.5M To Support Its Online SMB Lending Platform

Spotcap-Toby-Triebel

German online lending platform Spotcap has successfully closed its third financing round, according to the company’s recent press release. The Berlin-based financial technology company raised EUR 31.5 million in new funding led by international private equity firm, Finstar Financial Group, with participation from previous investor Holtzbrinck Ventures…. Read More

Brief: J. P. Morgan Chase Agrees to Aquire Nearly $1B Personal Loans Arranged by Lending Club

jp morgan wall street

J.P. Morgan Chase & Co. has agreed to acquire nearly $1 billion worth of personal loans arranged by LendingClub Corp., people familiar with the deal reported Nasdaq’s Telis Demos. The portfolio, worth just over $900 million and comprising loans made to consumers with an average FICO… Read More

Capitalia Broadens its AltFi Services for SMEs to include Estonia

capitalia

Capitalia, represented in NASDAQ Riga stock exchange, is the leading alternative financing provider for small and medium enterprises in Latvia and Lithuania.  This January Capitalia  obtained necessary permits to broaden its services to the Estonian market. Citing the current financial conditions that cause banks to be more cautious when financing… Read More

Moody’s: Securitization Provides Alternative Financial Solutions for Indian and Chinese Financial Systems

Courtesy ptmoney.com

Moody’s Investors Service avers that the development of domestic securitization markets will help India and China achieve their common goal of building inclusive financial systems that will ultimately bring affordable credit to the underprivileged segments of their societies and which are usually excluded from the conventional banking… Read More

ING Lead Investor in $160M in Series B Funding for Consumer Loan Provider WeLab: Aims to Improve Consumer Experience

China Lion

Fresh from its October 2015 investment in US marketplace lender Kabbage, Dutch bank ING has taken a stake in WeLab, a non-bank provider of consumer loans in China and Hong Kong. ING participated in a Series B $160 million (RMB1 billion) fundraising in the three-year old… Read More

Cashfloat Designs FCA-Compliant Lender Affordability Model, Parameters Support Lending Decisions

cashfloat

Cashfloat’s data-modelling scientists have developed an advanced affordability model, designed to generate a clearer picture of the client’s affordability. This enables the Cashfloat team to make decisions about lending, better aligned with the FCA compliance framework. Western Circle Ltd, a London-based lending company trading as Cashfloat.co.uk, confirmed that… Read More

Funding Circle Update: Did You Help 146 Businesses Access Finance Last Week?

Funding Circle and Zencap founders

Funding Circle posed the question on its blog, “Did You Help 146 Businesses Access Finance Last Week?” While many readers were still on holiday, during the week of 4 – 8 January, it was back to business for fintech and the crowdfunding sectors!  Funding Circle investors… Read More

Dealstruck Teams Up With Lendio to Release Joint eBook: “Small Business Lending in the Digital Age”

Dealstruck Lendio

On Tuesday, small business lending platforms Dealstruck and Lendio, announced the release of their joint eBook, “Small Business Lending in the Digital Age,” which focuses on strengths, weaknesses, and projections regarding the online small business lending industry. Ethan Senturia, CEO of Dealstruck, stated: “Small businesses are the backbone of… Read More

Fundera Releases New Report on the State of Online Small Business Lending

Jared Hecht

Fundera, an online marketplace for small business loans, announced on Monday the release of its new report on the State of Online Small Business Lending. The platform believes that this new document shows its dedication to transparency in the alternative lending sector. The report was… Read More

Brief: Biz2Credit’s October Small Business Lending Index Reports Highest Spike in Big Bank Lending Since the Great Recession

biz2credit

Biz2Credit, an online platform for small business funding, released its October small business lending index that showed the highest spike in big bank lending since the Great Recession. The company shared the monthly analysis of 1,000 loan applications revealed continued growth for institutional lenders and big banks,… Read More

Brief: Lend Academy Announces the Launch of Online Lending Community “LendBase”

Peter Renton

Lend Academy Holdings, a media, conference and technology business focused on the global online lending industry, recently announced it has launched LendBase, an information tool for the peer-to-peer and online lending community. LendBase is a free, open database containing valuable information about nearly every aspect… Read More

Brief: Platform Black Hits £100M Funding Milestone in Invoices for UK SMEs

John Regan

This week, Platform Black announced it has funded over £100 million in invoices for UK SMEs. The provider of alternative finance has reached this milestone in just three years since the company’s inception, an achievement which highlights the soaring demand from UK businesses for access to… Read More

Marketplace Lending Platform Avant Continues Global Expansion with Canada Launch; Reaches 300,000 Customers

Canada Flag

Avant, a fast-growing marketplace lending platform, announced on Thursday that it is expanding to Canada, the company’s newest international market. Headquartered in Chicago, Avant has empowered more than 300,000 consumers in the United States and United Kingdom. The recent launch of AvantCredit in Canada will bring… Read More

Intuit Teams Up With OnDeck to Launch $100M Small Business Lending Fund

small-business-saturday

Intuit Inc. (NASDAQ:INTU) is partnering with OnDeck  (NYSE: ONDK), a leading platform for small business loans, to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans. This first-of-its-kind financing solution enables small businesses to use their QuickBooks… Read More

Biz2Credit’s July Small Business Lending Index Reveals Institutional Investors Dominating Market

Rohit Arora

Small business loan approval rates through institutional investors and alternative lenders remained higher than any other category in July 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications on Biz2Credit.com. Both categories approved approximately 61% of Biz2Credit’s total… Read More

Ablrate Partners with The Just Loans Group PLC: Offers Instant P2P Lending Diversification

ablrate

  Ablrate, a UK peer-to-peer lending platform that offers investors access to asset-backed loans against aircraft transactions, has announced a partnership with The Just Loans Group PLC to provide commercial property-backed investment options on the Ablrate platform. “This collaboration represents a fantastic way for Ablrate’s… Read More

Capify: AUSvance Rebrands, Forms Partnership with Alibaba.com, Lends Capital to Australian SMEs

capify

Capify, formerly AUSvance, will serve as an international conglomerate provider of unsecured alternative finance solutions to SMEs. Capify,  powered by a proprietary technology and analytics platform, today announced its global rebrand aiming to become the most diverse, worldwide alternative SME financing platform. Headquartered in the… Read More

Brief: RateSetter & Zopa Take Top Customer Service Awards

First Place Prize Trophy

The Moneywise Custome Service Awards 2015 took place this week.  Described as the “authoritative stamp of approval by the UK consumer” recognition is given to financial service firms for providing exemplary service to their customers.  In recent years as finance has altered direction and moved… Read More

LendKey Announces $8M Venture Debt Line from Silicon Valley Bank & $125M Commitment from Credit Union Network

lendkey

LendKey Grand Slam: Hits 35,000 Customers, Expands Management Team, $8M venture debt line from Silicon Valley Bank and Raises Additional $125M Commitment From Network of Credit Unions LendKey, the Lending-as-a-Service platform that connects borrowers with credit unions and banks, today announced several key growth milestones. The… Read More

RateSetter CEO Rhydian Lewis Celebrates Nearly £122M in Q1 Loans & Reflects on “Watershed” Regulation

euros money

Regulation has provided the injection the Peer-to-Peer (P2P) industry needed to take off, according to RateSetter CEO, Rhydian Lewis. As the P2P platform celebrates almost £122 million in loans during Q1 and a year as “number one,” RateSetter cites regulation as a crucial turning point for… Read More