Tagged: circleback lending

October 16, 2016 @ 10:29 am By JD Alois  |  

CircleBack Lending has stopped making loans. This is according to a report by Bloomberg. The online lender said that funding had vaporized as some borrowers failed to repay their loans.  CircleBack provides unsecured consumer credit for loans from $3000 to $35,000. Michael Solomon, CEO and co-founder… Read More

September 15, 2015 @ 1:38 pm By Samantha Hurst  |  

CircleBack Lending, Inc., a marketplace lending platform, has completed a $17.4 Million Series A round of equity financing led by Pine River Capital Management, a global alternative asset manager with over $15 billion under management. Wicklow Capital, an early investor in CircleBack, also participated with… Read More

July 21, 2015 @ 5:48 pm By JD Alois  |  

CircleBack Lending has raised $17.5 million in funding according to information provided by Owler. CircleBack retweeted the information late last week. Owler places the total raised to date at $23.9 million with the most recent funding topping previous rounds. No further details have been made… Read More

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

September 24, 2014 @ 9:19 pm By JD Alois  |  

Boca Raton-based CircleBack Lending has entered into a partnership with Jefferies according to a release by the company.  The agreement is to facilitate the sale and securitization of up to $500 million aggregate principle amount of consumer loans. CircleBack was founded in 2013 and states… Read More

January 10, 2014 @ 11:39 am By Charles Luzar  |  

Peer-to-peer lending platform CircleBack Lending has closed a $1.9 million equity funding round. Led by GETCO LLC founders Daniel Tierney and Stephen Schuler, the round will help CircleBack to prepare for nationwide expansion. GETCO is an electronic securities trading firm that merged with Knight Capital Group earlier… Read More