General News

April 12, 2016 @ 9:52 am By Samantha Hurst  |  

On Tuesday, Boston University announced it has recently launched its very own crowdfunding platform for campus-based projects. According to BU Today, the university has developed the portal to help academic departments, student groups, and other members of the BU community raise funds for research, service trips, projects, events,… Read More

April 12, 2016 @ 9:26 am By Samantha Hurst  |  

On Monday, Lend Academy and Emerald Asset Management announced they have formed a strategic partnership to develop an investment management business to be focused on opportunities in the marketplace lending industry. Sharing details about the partnership, Emerald chairman and CEO, Joseph E. Besecker, explained: “We believe that… Read More

April 12, 2016 @ 8:21 am By Samantha Hurst  |  

On Monday, Kickstarter announced that a total of 19 of its funded films will be presented at the 2016 Tribeca Film Festival, which will be kicking off in New York City this weekend. The crowdfunding portal declared in a recent blog post that more than 31,000 backers pledged… Read More

April 11, 2016 @ 4:09 pm By Samantha Hurst  |  

On Monday, LendFoundry presented its very own fintech lending operating system at LendIt 2016, which was held in San Francisco. The company reportedly provides end-to-end lending solution that simplifies loan origination, marketing, acquisition, underwriting, servicing and beyond. Sharing details about the company’s system, Timothy Li, co-founder and… Read More

April 11, 2016 @ 3:46 pm By Samantha Hurst  |  

On Monday, marketplace lender P2Binvestor (P2Bi) announced it has formed a new partnership with MW Eaglewood Americas LLC, an SEC-registered investment adviser. P2Binvestor is a commercial lending platform for SMEs that states it offers a better (IE lower rates) line of credit for borrowers. The marketplace… Read More

April 11, 2016 @ 3:10 pm By Erin Hobey  |  

After getting historic approval from the U.S. Securities and Exchange Commission (SEC) in March, StreetShares will unveil what claims to be the US’ first publicly-accessible small business funding community at the LendIt USA 2016 Conference in San Francisco, according to a release. The StreetShares product will pay… Read More

April 11, 2016 @ 2:57 pm By Erin Hobey  |  

National Funding, a large private lenders of small business loans, today announced that Torrie Inouye has been named the company’s president. Inouye will report directly to Founder and CEO Dave Gilbert. “Torrie has played a critical role in our success to date, and her appointment as… Read More

April 11, 2016 @ 2:56 pm By Samantha Hurst  |  

LendingPoint, a fintech direct loan provider, announced on Monday its 2016’s first quarter showed it funded over $15 million in consumer loans and has processed more than 53,000 loan applications. The company reported its recent expansion into states like Ohio and California has resulted in a 100% increase in… Read More

April 11, 2016 @ 2:46 pm By Erin Hobey  |  

Able, a low-cost online lender in the nation for small businesses, averages a 10.7% interest rate – today announced its True Rate Calculator at LendIt USA. Starting today, small businesses owners across the country can discover the actual rate they are paying on high-interest short term loans… Read More

April 11, 2016 @ 2:02 pm By Samantha Hurst  |  

On Monday, organizers of the online lending conference, LendIt, announced the launch of LendIt China 2016, its inaugural Chinese conference, which will take place in Shanghai on July 17-18, 2016. According to LendIt, the event will bring together the marketplace lending platforms from all over the world… Read More

April 11, 2016 @ 12:24 pm By Erin Hobey  |  

Standard Chartered and SuperCharger announced the successful completion of Hong Kong’s first home-grown Financial Technology accelerator programme.  The programme was launched in October 2015 to find top FinTech start-ups to participate in a 12-week structured curriculum which aims to help them grow in Asia. “Standard… Read More

April 11, 2016 @ 12:22 pm By Samantha Hurst  |  

Sharestates announced on Monday that it has surpassed $300 million in total funds set aside for the purchase of loans. The investment portal that allows investors to participate in  pre-vetted real estate projects. The company stated that its recent growth was fueled by its partnerships with Colony American Finance and Prime Meridian… Read More

April 11, 2016 @ 11:58 am By Erin Hobey  |  

 Kickfurther, a leading inventory and invoice financing marketplace that connects companies and buyers seeking qualified short-term deal financing, and NSR Invest, a leading peer-to-peer investment management platform, announced a strategic partnership at LendIt USA 2016 to increase data-driven investment capabilities to the Kickfurther platform. “This partnership… Read More

April 11, 2016 @ 11:50 am By Samantha Hurst  |  

Biz2Credit, a small business financial technology platform, announced on Monday that it has partnered with financing portal, Tata Capital, to help give India’s small businesses access to online financing. According to Biz2Credit, Tata Capital will be utilizing the acquisition channels on its small business lending marketplace in India, thereby… Read More

April 11, 2016 @ 11:29 am By Erin Hobey  |  

Online business marketplace lender ThinCats Australia hopes to lend $100 million by the end of 2017 after a much needed debt injection of $10 million by UK fund ESF Capital, the new controlling shareholder of ThinCats UK, reported The Sydney Morning Herald. UK fund ESF Capital took a 74 per cent… Read More

April 11, 2016 @ 11:25 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), an online lending platform for small business, and Minor League Baseball, announced on Monday that they are renewed their partnership to help small business owners. OnDeck will reportedly serve as an “Official Partner of Minor League Baseball” and the “Proud Partner” of 15 minor league… Read More

April 11, 2016 @ 10:45 am By Erin Hobey  |  

The P2P lending platform Fellow Finance has announced that its platform is now open for borrowers in Poland. Polish customers may now apply for P2P loans with maturity from 1 to 3 years up to 12 000 PLN. This gives Fellow Finance investors an opportunity to diversify their investments geographically and… Read More

April 11, 2016 @ 10:20 am By JD Alois  |  

Despite a recent slowdown in the marketplace lending sector, a report authored by Wharton FinTech and Richards Kibbe & Orbe states that institutional investors remain optimistic. This optimism has been matched by increasing investment. The report based on a survey of 300 institutional investors states… Read More

April 11, 2016 @ 9:58 am By Samantha Hurst  |  

On Monday, mortgage marketplace, LendingHome, announced at LendIt 2016 that it has funded over $550 million in mortgage loans and grew loan originations six times in 2015 vs. 2014. LendingHome notably serves borrowers looking for financing to purchase or refinance residential real estate properties. At the same time, it serves… Read More

April 11, 2016 @ 8:58 am By Samantha Hurst  |  

Australian marketplace lender, DirectMoney (ASX:DM1), announced last week that there has been significant growth in new loan originations this past quarter, which ended on March 31st. DirectMoney revealed during the quarter $4.71 million of loans to 219 borrowers were settled, a 48% increase on the prior quarter…. Read More