Tagged: alternative lending

January 24, 2023 @ 8:03 am By Omar Faridi  |  

The team at ThinCats are pleased to announce that they provided £302 million of funding to businesses in 2022. In total, ThinCats has “lent more than £1.3bn to businesses across the UK while assets under management stand at a record £675m.” Despite a challenging economic… Read More

November 13, 2022 @ 11:17 pm By Omar Faridi  |  

The team at Mintos has shared their latest Insight report, which looks at the alternative lending market of Mintos’ home country: Latvia. Forming part of Northern Europe’s Baltic region, Latvia is “a relatively small EU country with a modest population of 1.9 million.” As a… Read More

July 6, 2022 @ 9:37 am By Omar Faridi  |  

ThinCats, which claims to be the “leading” alternative finance provider to SMEs, recently  announced the appointment of Richard Newman, Senior Director, Transaction Management to manage its Midlands transaction team. Richard reportedly has over 20 years of corporate finance experience occupying senior roles at HSBC, RBS… Read More

May 26, 2022 @ 2:17 pm By Omar Faridi  |  

Viola Credit, a global alternative credit asset manager providing customized credit solutions to technology companies and Fintech lenders, announced the final closing of the Viola Credit Alternative Lending Income Fund II (ALF II) “with $700 million of investable capital including its flagship fund and related… Read More

September 19, 2021 @ 11:43 am By Omar Faridi  |  

Over 70% of UK SMEs claim that they’re beginning to bounce back following the COVID-19 outbreak, according to a survey performed by Capify, a small business lender backed by Goldman Sachs (NYSE:GS). The Capify survey, released earlier this week, found that the United Kingdom’s small… Read More

July 18, 2021 @ 9:58 am By Omar Faridi  |  

Philippines-based Netbank has now partnered with several alternative lenders so that the lending platforms can expand their operations without having to acquire additional funding. Netbank, the first Southeast Asia-based banking as a service (BaaS) platform operating via a bank license, is reportedly working closely with… Read More

June 27, 2021 @ 10:21 pm By Omar Faridi  |  

UK-based Assetz Capital, a peer-to-peer lender that originates secured loans, notes that it’s pleased to be offering a summer rate “reduction of 0.45%” across all of its loan products to borrowers until July 31, 2021. As mentioned in a blog post by the Assetz Capital… Read More

May 28, 2021 @ 1:10 pm By Omar Faridi  |  

We recently connected with Yann Murciano, CEO at UK-based Blend Network, an online peer to peer (P2P) lender. Murciano talked extensively about the “unbundling” of banking and FinTech, and how now we are witnessing the “rebundling” of banking and FinTech again. He pointed out that… Read More

May 27, 2021 @ 8:26 am By Omar Faridi  |  

Gregoire de Lestapis, CEO of October (Spain), a European online lender, recently noted that Spain is a country with many SMEs. Gregoire revealed during a recent interview that Spanish SMEs “account for 99% of the total companies in the country, and 70% of employment and… Read More

May 26, 2021 @ 10:59 am By Omar Faridi  |  

UK-based Assetz Capital, a peer-to-peer lender that originates secured loans, notes that even during the COVID-19 pandemic, typical capital raise has not been impacted in a “seemingly” large way. According to a blog post from Assetz Capital, businesses are currently looking for funding and there… Read More

March 11, 2021 @ 7:32 am By Omar Faridi  |  

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, has reported reaching profitability as it returns a record start to the year. The Fintech business lender has reportedly started the year off with a considerable increase in lending volumes. MarketFinance has disbursed… Read More

March 3, 2021 @ 9:54 pm By Omar Faridi  |  

Forward Financing, a Fintech firm that aims to offer “flexible” and revenue-based financing to SMBs, revealed recently that it has provided $1 billion in funding since its inception back in 2012. According to Forward Financing, the majority of this funding has been allocated towards  “underserved”… Read More

February 28, 2021 @ 5:12 pm By Omar Faridi  |  

UK-based peer-to-peer (P2P) lender JustUs says it aims to “disrupt” the lending landscape and become an established provider of crowdfunded financial products for consumers with the JustUs ISA. To undertake Peoples Mortgages, JustUs noted that it will be “required to gain regulatory approval which is… Read More

December 27, 2020 @ 10:10 pm By Omar Faridi  |  

Dutch banking challenger Bunq has reportedly managed to grow its mortgage portfolio by 400% within six months. Bunq began offering mortgages to Dutch clients in July 2020. The digital bank has teamed up with third-party broker, asset manager NN IP, in order to provide these… Read More

November 12, 2020 @ 9:53 am By Omar Faridi  |  

iwoca, a European alternative lender for small businesses, is reportedly planning to lend more than £200 million to small businesses before the Coronavirus Business Interruption Loan Scheme (CBILS) applications close in January 2021. iwoca recently surpassed £100 million in CBILS lending. The platform now plans… Read More

October 1, 2020 @ 1:54 pm By Omar Faridi  |  

Alternative lending platform Greensill has reportedly hired Tracy Clarke, who has been serving as CEO of Europe, the Americas, and Global at Standard Chartered, as a non-executive director. Clarke will be joining Greensill’s board of directors in 2021 after her planned retirement from Standard Chartered… Read More

October 1, 2020 @ 7:44 am By Omar Faridi  |  

David Goldin, CEO and founder at Capify, a small business lender backed by Goldman Sachs (NYSE:GS), believes that the demand for new loans will rise again after the Australian government announced changes to lending laws and requirements. Capify confirmed that it will start issuing more… Read More

September 18, 2020 @ 7:33 pm By Omar Faridi  |  

Lizzie Chapman, CEO and co-founder at ZestMoney, which claims to be one of the largest and fastest-growing Fintech firms in India, recently discussed what she considers the future of lending in a post COVID world. She acknowledges that this has been one of the most… Read More

July 16, 2020 @ 10:55 pm By Omar Faridi  |  

Robo.cash has revealed that peer-to-peer (P2P) investors on its platform have increased the size of their initial investments despite the COVID-19 outbreak and resulting economic challenges. The European P2P lending platform has reported that the first investment made by investors increased from £822 to €909… Read More

August 17, 2018 @ 8:57 am By Samantha Hurst  |  

Biz2Credit recently announced the results of its latest small business lending index, which revealed that small business loan approval rates for big banks reached another high point in July 2018. The index notably examines more than 1,000 credit applications made by small businesses through Biz2Credit’s online lending platform. According… Read More