Online lending platform for small business OnDeck announced last week the closing of a $100 million asset-backed revolving credit facility with Pioneers Gate LLC, a lending vehicle of a life insurance company managed by 20 Gates Management. According to OnDeck, the new facility provides the longest revolving funding… Read More
Digital asset-based lender InterNex Capital (InterNex) announced on Thursday it secured $3.95 million during its recent oversubscribed seed funding round. Founded in May 2015 by former GE Capital senior executives and fintech experts, InterNex’s digital lending platform notably offers small and mid-sized businesses an optimized… Read More
Ablrate, the online lender that specializes in asset-backed transactions, announced it has received full authorisation from the Financial Conduct Authority (FCA) and is beginning its expansion. Sharing details about the authorization, David Bradley-Ward, CEO at Ablrate, stated: “Full authorisation is something that the team has worked… Read More
YieldStreet is an online marketplace for a diverse array of asset-backed investments. The platform was founded by CEO Milind Mehere who previously launched Yodle; President Michael Weisz, who was formerly a Vice President of a New York City-based hedge fund; and Dennis Shields, Chairman of YieldStreet,… Read More
Alternative finance using asset-backed lending has hit a record high of £4.3 billion – up 22% versus year prior.Total asset-based finance hits £20.7 billion, another all-time high, as the Government Bank Referral Scheme kicks in. Nine of the UK’s biggest banks will be required to pass… Read More
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
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