Tagged: digital lending

May 28, 2021 @ 1:10 pm By Omar Faridi  |  

We recently connected with Yann Murciano, CEO at UK-based Blend Network, an online peer to peer (P2P) lender. Murciano talked extensively about the “unbundling” of banking and FinTech, and how now we are witnessing the “rebundling” of banking and FinTech again. He pointed out that… Read More

May 17, 2021 @ 10:52 pm By Omar Faridi  |  

Figure Securities, a division of the digital lending service provider Figure Technologies, has reportedly acquired approval from the US Securities and Exchange Commission (SEC) to serve as a broker-dealer and also operate as an SEC-registered Alternative Trading System for digital securities that are custodied on… Read More

May 11, 2021 @ 8:16 am By Samantha Hurst  |  

Roostify, a U.S.-based digital lending platform, announced on Monday it has appointed Bill Elderton as its new Chief Technology Officer. Roostify reported that Elderton will oversee the design, development, and execution of the company’s innovative technology roadmap. According to Roostify, Elderton previously was Senior Vice President of Development and… Read More

April 18, 2021 @ 12:43 pm By Omar Faridi  |  

Digital lending software provider Blend Labs, Inc. revealed on April 15, 2021, that it has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of its common stock. As… Read More

April 5, 2021 @ 7:40 am By Omar Faridi  |  

European online lender October reports its best quarter ever (during Q1 2021). Meilleur Q1 ever sur @October_EU : +126% en € versus 2020 et +181% en nombre de TPE & PME accompagnées (149 entreprises). Et un Q2 avec des innovations structurelles dès avril #staytuned 🇪🇺… Read More

March 29, 2021 @ 8:16 am By Omar Faridi  |  

European online lender October reveals that it works with firms from all industries so it can help them with financing the growth of their operations. The October team notes in a blog post that since 2016, they’ve been supporting companies and they offer them “the… Read More

March 23, 2021 @ 11:15 pm By Omar Faridi  |  

Online lending platform UpStart (UPST:NASDAQ) has noted that there are four levels of digital lending. Jeff Keltner, SVP of Business Development at UpStart, writes in a blog post that he has been thinking for some time now about the key trends he’s observing towards the… Read More

March 15, 2021 @ 10:10 am By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their performance data from the Prosper Portfolio for the month of February 2021. Key highlights from the report are as follows: In February 2021,… Read More

March 10, 2021 @ 10:34 pm By Omar Faridi  |  

Finch Capital, a venture capital firm, recently finalized a €150 million fund to invest in Series A and B deals across Europe. The firm with its Amsterdam and London offices currently has €85 million in capital that is ready to deploy for its “Europe III”… Read More

March 10, 2021 @ 9:45 pm By Omar Faridi  |  

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, suggests that service providers should make Fintech lending their identity, and not necessarily their “competition.” During the past few years, the digital… Read More

March 9, 2021 @ 10:31 pm By Omar Faridi  |  

LendingClub (NYSE:LC) notes that if you’ve been struggling to make ends meet, then you are definitely not alone. Amid the ongoing COVID-19 pandemic, nearly 30 million US residents are still facing unemployment, which has compounded existing struggles for workers who may have been living paycheck-to-paycheck… Read More

March 6, 2021 @ 6:12 pm By Omar Faridi  |  

The team at LendIt Fintech USA notes that if the last year has taught us anything, it’s that “innovation” in Fintech has only just started. LendIt Fintech is now challenging early-stage company founders to “”take a chance and compete in PitchIt.” PitchIt at LendIt Fintech… Read More

February 28, 2021 @ 5:12 pm By Omar Faridi  |  

UK-based peer-to-peer (P2P) lender JustUs says it aims to “disrupt” the lending landscape and become an established provider of crowdfunded financial products for consumers with the JustUs ISA. To undertake Peoples Mortgages, JustUs noted that it will be “required to gain regulatory approval which is… Read More

February 27, 2021 @ 7:02 pm By Omar Faridi  |  

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, notes that in the increasingly competitive lending sector, it’s now more important than ever to work with technology that provides your clients… Read More

February 17, 2021 @ 11:22 pm By Omar Faridi  |  

Bengaluru-based Fintech lending firm KreditBee has finalized a $75 million Series C equity round which included participation from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures (consisting of both primary and secondary investment). Madhusudan E, Co-Founder & CEO of KreditBee,… Read More

February 7, 2021 @ 9:28 pm By Omar Faridi  |  

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, recently shared key insights on “reframing relationship banking for an increasingly digital world.” Fintech firm Blend, which recently acquired $300 million in… Read More

February 1, 2021 @ 8:28 am By Omar Faridi  |  

Peer to peer lending marketplace Mintos has confirmed that the first update of its Mintos Risk Scores is now live and accessible. The European loan marketplace provider notes that it’s sharing the first quarterly Mintos Risk Score update “since this numerical model for evaluating risk… Read More

January 26, 2021 @ 9:45 am By Samantha Hurst  |  

Roostify, a U.S.-based digital lending platform, announced on Tuesday it raised $32 million through its Series C funding round, which was led by Ten Coves Capital with participation from Cota Capital, Mouro Capital, Colchis Capital, Point72 Ventures, and JPMorgan Chase. As previously reported, Roostify describes… Read More

January 21, 2021 @ 1:22 pm By Omar Faridi  |  

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, has shared insights on how to unlock better online lending development with their products. Blend acknowledges that creating useful financial products can… Read More

January 19, 2021 @ 11:07 pm By Omar Faridi  |  

Online balance sheet lender, Nucleus Commercial Finance, reports that it has secured a £200 million funding line, which should help with increasing the platform’s capacity or ability to support more UK-based businesses. The new funding line should help ensure that the lender is well-positioned to… Read More