Tagged: consumer loans

Marketplace Lender Prosper Releases Latest Performance Update

The team at Prosper notes that they’re sharing performance data from the Prosper Portfolio for October 2022. Highlights from the Prosper Performance Update – October 2022: Dollar % of AA-B rated loan originations in October comprised approximately 63% of total loan originations, representing a 102… Read More

IDF Eurasia, a Lending Firm Focused on Consumer Loans, Introduces Cashback Campaign

IDF Eurasia, a lending company specializing in consumer loans, has reportedly introduced a new cashback campaign. For a limited time, users are able to “earn a cashback of up to 2% for investments in IDF Eurasia Notes.” For IDF Eurasia’s entity MFO FintechFinance LLP, you… Read More

Marketplace Lender Prosper Shares Latest Performance Update

The team at Prosper has shared their performance data from the Prosper Portfolio for July 2022. Highlights from the Prosper Performance Update – July 2022 are as follows: In July, approximately 59% of loan originations “were rated AA-B, increasing by approximately 1.6% month-over-month.” Average loan… Read More

Open Banking Fintech Nordigen Teams Up with Lenders to Optimize Loan Comparison Services

The team at Nordigen notes that they are pleased to announce their partnership with Lenders “to help with the further optimization of the loan comparison services.” Lenders is a globally-accessible consumer loan comparison platform. Their insightful analysis offers customers with quick, dependable and cost-effective loans… Read More

CUNA Mutual Group, WithClutch to Help Credit Unions Recapture, Refinance High-Interest Consumer Debt

CUNA Mutual Group has announced that it will work with WithClutch, a Fintech platform focused on allowing consumers “to refinance high interest consumer loans through a digitally-enabled and frictionless process.” The platform turns every member touchpoint into “a recapture-opportunity helping credit unions significantly increase share… Read More

Alto Teams Up With Prosper to Enable AltoIRA Clients to Invest in Consumer Loans

Alto Solutions, Inc., the self-directed IRA platform making it easy and affordable for individuals to invest in alternative assets via tax-advantaged retirement funds, has announced the company’s partnership with Prosper Marketplace, Inc., an online marketplace for consumer loans. Users of the Alto IRA platform may… Read More

Jordan based Money.Jo Partners with FIS to Launch IT Infrastructure Supporting Consumer Lending

FIS and Money.Jo have teamed up to adapt to significant changes in consumer behavior in the MENA region. Less than a year after establishing business operations in Jordan, Money.Jo (also called Money for Finance) became the nation’s leading consumer loan provider, with €3.9 million in… Read More

Mike Cagney’s Figure Inks Two Deals With Fintech Software Provider Sagent

Fintech software company Sagent, which modernizes mortgage and consumer loan servicing for American financial institutions, today announced two major strategic deals with digital lending and payments firm Figure. Sagent will power Figure’s mortgage servicing services, and the firms will partner to accelerate Figure’s blockchain vision…. Read More

London’s Fintech Startup Fintern Acquires £32M in Capital to Expand Access to Affordable Loans in UK Markets

UK-based Fintech company Fintern has secured £32 million in funding in order to expand access to affordable loans in the United Kingdom. On the back of their official launch last month, the London-headquartered startup has confirmed that it raised £32 million in equity and debt… Read More

U.S. Fintech Artis Announces New Bank Funding Partneship With Drummond Community Bank

Artis Technologies, a U.S.-based fintech that provides lending solutions for businesses, announced on Tuesday it has entered into a new bank funding partnership with Drummond Community Bank for its Artis Credit platform. According to Artis, the funding will fulfill consumer loans originating through the company’s… Read More

BBVA Teams Up With Telefónica to Offer Consumer Loans in Columbia

BBVA announced on Thursday it has teamed up with Telefónica to develop a consumer loan business, Movistar Money, in Columbia. The duo noted that Movistar Money will sell loans to more than 19 million Telefónica clients located in the country. “The new company will benefit… Read More

India’s Digital Lending Fintech RevFin Partners with EVI Technologies to Offer Financing to E-Rickshaw Users

RevFin, a digital lending Fintech startup, has teamed up with EVI Technologies in order to finance E-Rickshaw and E-Two wheelers in India. The funding will also go toward supporting swappable battery solutions offered by EVI Technologies. The initiative will mainly cover Indian states like Delhi-NCR,… Read More

Grab Financial Group Introduces Micro Investment Platform and Buy Now, Pay Later Options for Digital Commerce Sites

Southeastern Asian ride-hailing service, Grab, has extended its business into the financial services sector, by introducing a micro-investment platform, a third-party loan service, and also a “Buy Now, Pay Later” product for digital commerce sites. Introduced in August 2020, AutoInvest allows consumers based in Singapore… Read More

Latvia-headquartered Citadele Bank Contributes €10 Million to Fintech SME Finance, Offers Loan Relief to Clients during Coronavirus Pandemic

Latvia-headquartered Citadele Bank has teamed up with Baltics’ non-bank factoring provider, SME Finance, and has invested €10 million in the company. The bank also noted that it would be offering a loan relief program to clients who may have been affected by the coronavirus (COVID-19)… Read More

Bangalore and Mumbai had the Most Borrowers and Lenders Engaging in Transactions on P2P Platforms in India: LenDenClub Report

Unified Payments Interface (UPI), which is an instant and real-time payment system created by India’s National Payments Corporation for handling inter-bank transfers, is the most widely-used  loan repayment method, with 50% of such transactions using UPI.  ECS payments, which handle bulk transfer of funds from… Read More

LendUp Milestone: Surpasses $2 Billion in Consumer Loans

LendUp, a socially responsible online lender on a mission to redefine financial services for the emerging middle class, announced on Thursday it has surpassed $2 billion in consumer loans through its digital lending platform. The company reported that since 2012 it has provided more than… Read More

LendingPoint Completes $178 Million Inaugural Personal Loan Securitization

LendingPoint announced on Wednesday it has closed its inaugural securitization of consumer loans. The company reported that the securitization, LendingPoint Receivables Trust 2019-1 (LDPT2019) issued a total of  $177.85 million of notes backed by a pool of $187.22 million of direct-to-consumer loans originated on the… Read More

Milestone: Canadian Fintech iCASH Surpasses $100 Million in Consumer Loans Funded

iCASH, a Canada-based fintech platform, announced on Thursday after three years of lending operations, it has surpassed $100 million in consumer loans. Launched in 2016, iCASH stated it is focused on helping Canadian consumers “address their cash flow needs” by paying more attention to their… Read More

Brazilian Marketplace FinanZero Secures $3.6 Million Through Series A Funding Round

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FinanZero, a marketplace for consumer loans in Brazil, announced on Monday it raised $3.6 million through its Series A funding round, which was led by  Swedish publicly listed investment company, Vostok Emerging Finance, with participation by other Swedish investors, including Webrock Ventures and Zentro Founders. Founded in 2015 and launched in 2016, FinanZero describes… Read More

Brief: Lendico Halts New Consumer Loans Origination in German Market

Lendico has refrained from originating new consumer loans in Germany, according to P2P-Banking, directly linking consumers instead to Finanzcheck, a loan application tool. While new consumer loans origination has been halted, Lendico is continuing its business loan origination within Germany. In the last months Lendico has also stopped issuing consumer loans in the Netherlands,… Read More

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