Tagged: alternative lending

Brief: UK Alternative Lender Growth Street Taps Millennial Investors

UK alternative lender Growth Street has revealed that 37.4% of its investors are under the age of 35, contradicting public figures who have chastised millennials for not thinking about saving and investment. Growth Street’s news follows comments made by property mogul Tim Gurner earlier this month…. Read More

UK Fintecher Platform Black Rebrands as Sancus Finance Limited

UK-headquartered Platform Black Limited announced that it has rebranded as Sancus Finance Limited with immediate effect. The move comes as part of a strategic review of operations by Platform Black’s owners, GLI Finance Limited. The strategic review, designed to simplify GLI’s structure, included a transfer of its holdings… Read More

Biz2Credit Small Business Index: Good News for Small Banks, Negative Trend Continues for Alternative Lenders (Infographic)

Loan approval rates at big banks ($10 billion+ in assets) and institutional lenders finished the year strong, improving to post-recession highs in December 2016, according to the most recent Biz2Credit Small Business Lending Index™, the monthly analysis of more than 1,000 small business loan applications on… Read More

Biz2Credit Reports: Loan Approval Rates Drop at Big Banks and Alternative Lenders in July 2016

On Tuesday, Biz2Credit unveiled the findings of its recent small business lending index, which revealed that loan approval rates at big banks (over $10 billion in assets), alternative lenders, and credit union dipped in July 2016. CEO of Biz2Credit and who oversaw the research, Rohit… Read More

About Face: Chinese Insurer Ping An Introduces Face Recognition Tech

China’s Ping An group has its eye on becoming the fasting lending platform in China, planning to incorporate face recognition technology into its wealth management and other services which would require only six minutes to complete a loan application, according to a statement. The inhouse-developed technology… Read More

LendKey Deploys $1 Billion in Lending Capital to Borrowers

LendKey, a leading fintech company in the lending ecosystem, announced today the successful underwriting, origination, and deployment of more than $1 billion in lender capital to borrowers.  Private student loan and student refinancing opportunities contributed the lion’s share of deployment to LendKey, as borrowers accessed… Read More

DriverUp Auto Financing Platform Revved Up & Ready to Go: Secures $20 Million in Series B Funding

DriverUp, an online marketplace for automotive financing, announced its $20 million Series B round closing. The DriverUp marketplace gives accredited investors an opportunity to enter the $1 trillion auto lending industry and provides dealers with an expedited, streamlined credit process.  New investor SF Capital Group led the round joined by… Read More

Fintech Innovation and Alternative Lending Companies on the Rise in India; LoanCircle, Instapaisa & Instakash Lead the Way

In late August, India’s banking industry came together for the FICCI’s FIBAC 2015 Conference, discussing regulation in the country’s burgeoning online finance space,  particularly within crowdfunding and peer to peer lending.  SS Mundra, Deputy Governor of the Reserve Bank of India, called for more regulations in the Economic… Read More

Australian’s SocietyOne Hits $200M in Applications, Targeting Bank Customers with Competitive Risk-based Pricing

SocietyOne co-founder Matt Symons said yesterday there was a strong correlation between the lender’s $200 million in loan ­applications and traffic on the get­creditscore.com website — a partnership with the nation’s leading credit bureau, Veda, reported The Australian‘s Richard Gluyas. More than 75,000 people have used the… Read More

Merchant Cash & Capital Originates $115M+ in 2Q 2015 Business Financing: Moves Ahead 79% from Q2 2014

Small business alternative lending company Merchant Cash and Capital (MCC) and its family of companies, including the newly launched Bizfi, announced the origination of more than $115 million in business financing in the second quarter of 2015. This represents a 79 percent increase from Q2 2014 and a more… Read More