Tagged: consumer loans

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

India’s MobiKwik Opens Mobile Wallet to Include Short-Term Consumer Loans

India-based mobile wallet company MobiKwik has entered the short-term consumer loan segment, claiming to be the first wallet company in India to roll out this service, according to the release. Users may also register themselves for EMIs. The approval for each loan request will be done within thirty… Read More

Zopa CEO Jaidev Janardana: Leading UK P2P Lending with Superior Service, Transparency and Cutting-Edge Fintech

Armed with an undergraduate degree in Electronics from Dharmsinh Desai University and MBAs from both the Indian Institute of Management, Bangalore and McGill University, Jaidev Janardana spent 12 years with Capital One, in the US and the UK. He was the CMO for Capital One UK, responsible… Read More

Three Month Old Basix Loan Services Makes Millions: ZestFinance Secures $150M Debt Financing Deal with Fortress Investment Group

Not yet a toddler, the three month old loan service Basix has hit some enviable milestones. California-based online lending startup, ZestFinance, has secured a $150 million debt financing deal with global investment giant Fortress Investment Group for Basix. Founded in 2009 by former Google CIO Douglas Merrill, ZestFinance… Read More

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