Tagged: marketplace lending

Stable Growth, Multiple Awards: China Rapid Finance Named to Hurun Report

Zane Wang

China Rapid Finance Limited, a large Chinese consumer lending marketplace launched in 2001, added to its recent haul of awards and recognitions by being named to Hurun Report’s “2017 China New Finance Top 50.” CRF’s inclusion on the list reflects the company’s stable growth in consumer… Read More

dv01 Forms Collaboration With Experian to Bring Additional Transparency to Marketplace Lending

Handshake

On Thursday, reporting and analytics platform dv01 announced it is collaborating with Experian to bring transparency to marketplace lending. The companies stated that the collaboration would provide dv01 clients with access to richer borrower credit attributes while they conduct performance analysis using dv01’s online tools. Perry Rahbar,… Read More

Ask Us: LendIt’s Peter Renton and Crowdfund Insider’s Andrew Dix Discuss Marketplace Lending in Upcoming Webinar

andrew-dix-peter-renton

Mark your calendars, log on and learn! LendIt, the world’s largest lending and fintech conference, is hosting two free webinars on January 11 and 18. LendIt Forums offer a series of free, intensive (and interactive) learning events for Asset Managers, Real Estate Investors, Financial Advisors, Commercial Bankers, Lending Innovators, Venture Capitalists and the Media…. Read More

Money360 Announcement: Closes $35.6 Million in Loans During December 2016

evan gentry

Commercial real estate marketplace lending platform, Money360, announced on Monday it closed a record $35.6 million in commercial real estate loans in December 2016. The marketplace lender revealed that December’s transactions reflect short-term bridge loans for a mix of property types, including retail, office and… Read More

Funding Circle to Receive An Extra £40 Million From British Business Bank For Small Business Lending

Funding Circle Founders UK

Funding Circle announced on Thursday that government-owned British Business Bank would begin lending a further £40 million directly to small businesses through the marketplace lending platform. The website confirmed that this news comes less than two years after an initial £40 million investment by the British Business… Read More

Karen Mills, Harvard: Regulate, But Allow Online Lending Market Space to Innovate

Karen Mills and Barack Obama

Senior Fellow at Harvard Business School Karen Gordon Mills along with VP of Strategy at Fundera, Brayden McCarthy, have recently posted a working paper on SME lending. Mills is also the former Administrator of the Small Business Administration – a post she held during the Obama administration just… Read More

PeerIQ & TransUnion Join Forces to Bring Data Transparency Solutions to Marketplace Lending

Money

PeerIQ, a data and analytics provider in the marketplace lending sector, and TransUnion (NYSE: TRU), a global information solutions provider, today announced a strategic partnership to bring enhanced transparency and insight to alternative lending markets. “Our partnership with TransUnion is a significant milestone for us, and… Read More

Brief: Money360 Provides Multi-Million Dollar Bridge Loan for Southern California Real Estate

Gary Bechtel

Money360, a commercial real estate marketplace lending platform, announced today that it has provided a $10.5 million bridge loan for a fully occupied, single-tenant suburban office complex in the Southern California coastal community of Signal Hill, California. “This was an attractive investment for several reasons,”… Read More

Maples Fund Services Targets Marketplace Lending for Growth

Tyler Kim

Maples Fund Services, a global fund services provider, has extended its fund administration offering to the marketplace lending sector. Maples explained; “…increased regulation and tightening credit conditions at traditional banks force borrowers to seek out alternative channels, marketplace lending has gained popularity. Given demand for… Read More

Brief: Versara Lending Acquires P2P Marketplace Lender Peerform

mikael-rapaport

NYC-based Consumer lender Versara Lending has acquired the personal loan marketplace lender Peerform aiming to grow its prominence in the consumer lending space. Peerform will now operate out of the Versara Lending offices.  At this writing, specific details of the deal are unavailable. “This acquisition allows Versara… Read More

Canadian Marketplace Lender Vault Circle Receives New License

marcel-schroder

Canadian fintech company Lendified Holdings Inc. and its subsidiary and direct lender, Lendified Inc. announced today that their subsidiary Vault Circle Inc. has received an exempt market dealer license from the Ontario Securities Commission (OSC) for its investment business. This marks the achievement of a significant milestone not… Read More

Beyond Bank Snags A$1.5M SocietyOne Equity, Moves into Fintech

wayne-matters

Beyond Bank Australia has announced its equity stake in SocietyOne, reported Australian Broker, having acquired A$1.5 million worth of shares in marketplace lender, as well as agreeing to increase its funding arrangement to A$10M. Earlier this year, SocietyOne raised A$25M capital from traditional financial firms G&C Mutual Bank and the Maritime, Mining… Read More

P2Binvestor Closes $10M Asset-Backed Credit Facility With Urban Lending Solutions

Krista Morgan

Marketplace lender P2Binvestor (P2Bi) announced on Tuesday the closing of a $10 million credit facility with Urban Settlement Solutions, LLC (DBA Urban Lending Solutions). The company revealed that the facility with Urban Lending Solutions does not include any equity, warrants, or convertible features. Urban Lending Solutions and its… Read More

Brief: CFPB Quashes So-Called Tribal Lender Western Sky, US District Court Calls CashCall “True Lender”

California Flag

In a decision filed in the U.S. District Court for the Central District of California, U.S. District Judge John Walter ruled in favor of the Consumer Financial Protection Bureau when he determined that the Californian online loan platform CashCall Inc. was the “true lender” behind the transactions… Read More

Prosper Unveils Its Own Guide to Investing in Marketplace Lending

Marketplace LendingJPG

This week, Prosper unveiled its very own guide to investing in marketplace lending. This news comes just days after announcing the launch of its new retail investor experience. The Prosper team revealed: “In today’s volatile economy, people are increasingly shying away from the stock market and seeking… Read More

Zopa CEO Jaidev Janardana: Leading UK P2P Lending with Superior Service, Transparency and Cutting-Edge Fintech

Zopa Sketch Jaidev-Janardana

Armed with an undergraduate degree in Electronics from Dharmsinh Desai University and MBAs from both the Indian Institute of Management, Bangalore and McGill University, Jaidev Janardana spent 12 years with Capital One, in the US and the UK. He was the CMO for Capital One UK, responsible… Read More

Prosper Puts Limitations on New Borrowers, Blogs about Transparency’s Importance

Aaron Vermut

Online lender Prosper Marketplace has put its relationships with the loan referral websites LendingTree and Credit Karma on hold, according to The Wall Street Journal, signifying the platform’s own lending slowdown as it tries to shore up new deals with investors to buy loans. Earlier this week, LendingClub raised… Read More

US Treasury White Paper on Marketplace Lending: Opportunities & Challenges

United States Treasury

  As expected, the US Treasury Department has published a white paper addressing the emerging marketplace lending sector of finance. Entiteled “Opportunities and Challenges in Online Marketplace Lending”, the document follows a “Request for Information” from 2015 where approximatley 100 different platforms and industry observers… Read More

Orchard: There are Two Sides to the Marketplace Lending Slowdown

David Snitkof Deep Dive Consumer Lending

    The first quarter of 2016 saw the US economy slip into a bit of a funk. Lingering questions regarding the sustainability of the economic recovery were buffeted by geopolitical tensions. The marketplace lending industry was in no way immune to the shifting winds… Read More