Tagged: brian mcgrath

Brief: Prosper CFO Usama Ashraf Comments on Closing First Securitization from PMIT 2017-1

May 26, 2017 @ 5:01 am By Erin Hobey |

As expected, Prosper, the SF-based marketplace lending platform for consumer loans, announced the closing of the first securitization from the Prosper Marketplace Issuance Trust, Series 2017-1, “PMIT 2017-1.” “We are very pleased with the execution of this transaction, which was not only upsized based on… Read More

Read more in: Fintech, General News | Tagged brian mcgrath, kroll, marketplace lending, usama ashraf

CircleBack Securitizes $106 Million as Marketplace Lending Grows

June 30, 2015 @ 9:54 am By JD Alois |

CircleBack Lending has completed its first securitization of consumer loans. The company reported $106 million was completed by Jefferies, an investment banking firm. CircleBack revealed an agreement with Jefferies in 2014 to securitize up to $500 million in loans in the coming years. CircleBack stated… Read More