Tagged: lending

CrowdOut Provides Multi-Million Dollar Term Loan to Shale Support

Private lending syndication platform CrowdOut Capital announced on Wednesday the completion of a multi-million dollar term loan to Shale Support, a provider of frac sand and logistical solutions to the oil and gas proppant market. According to CrowdOut, the loan will support the acquisition of two… Read More

Canadian Fintech Progressa Secures $84 Million Through Latest Equity Funding Round Led By Canaccord Genuity & Gravitas

Progressa, a Vancouver-based financial technology company focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it secured $84 million through its latest equity funding round, which was led by Canaccord Genuity and Gravitas with participation from Eight Capital and Paradigm… Read More

Irish P2P Lender Linked Finance Hit €10 Million Loans Record During Second Quarter 2018

Linked Finance, an Ireland-based peer-to-peer lending platform, recently announced it facilitated more than €10.1 million to Irish SMEs during the second quarter of 2018, which ended in June. The lender reported the second quarter success follows a strong start to the year, with totaling lending for… Read More

Kabbage Across America: Providing More than $5B in Funding to SMEs

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, reports its 145,000-plus small business customers accessed over 300,000 loans during non-banking hours, reaching a record total of more than $1 billion in funding. In total, Kabbage has now provided access to… Read More

Kabbage Survey Says: Most Successful SMB Owners Turn Profit within First Four Years of Business

Kabbage, Inc., a global financial services, technology and data platform serving small businesses headquartered in Atlanta, released survey data that uncovers insights from 500 established small businesses and the key moments that triggered their growth. The results offer entrepreneurs applicable lessons from experienced business owners… Read More

Signed, Sealed & Delivered: ThinCats Loans £1M ‘Agile Finance Facility’ to Firtitudo

ThinCats has reportedly delivered a £1M ‘agile finance facility’ to fund MBO and contract win for Firtitudo Ltd. The transaction enabled the managing director of Firtitudo Ltd and database for business limited (dbfb) to acquire the remaining 45 per cent of secure communications specialist dbfb and… Read More

Downing Crowd Energizes UK Crowdfunding with New P.A. Reserve Power Bond

Investment manager Downing LLP has launched of a new bond on its crowdfunding platform, Downing Crowd, paying 7.6% p.a. interest to investors by lending £10M to projects across the UK’s reserve power market. [clickToTweet tweet=”.@Downingcrowd Reserve Power Bond will enable investment of up to £10M in… Read More

Challenger Bank TSB Announces Plans to Create Lending Marketplace For UK Small Businesses

UK-based challenger bank TSB announced this week it is preparing to launch a new lending marketplace with a mission help small businesses across the UK get the funding their need to continue growth. The bank is partnering with Funding Options to launch the marketplace this… Read More

Lendr Partners With MidCap Financial Trust to Close $25 Million Senior Credit Facility

Lendr, a provider of flexible working capital to small- and medium-sized businesses, specializing in business finance and factoring solutions, announced on Thursday the closing of its $25 million senior credit facility. MidCap Financial Trust served as the Administrative Agent for the transaction. According to to duo,… Read More

Attention Larger Businesses: Kabbage Ups Credit Line to $250K

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, now offers lines of credit of up to $250,000. The expanded Kabbage product aims to provide larger businesses with greater purchasing power for longer-term investments. $250,000 is reportedly the largest credit line… Read More

Magilla Loans Platform Milestone: Surpasses $4.5 Billion in Loan Origination

Magilla Loans, a search engine for loans that connects borrowers to banks without requesting personal information, announced on Tuesday it has surpassed $4.5 billion in aggregated loans from top banks across the U.S. Founded in 2015, Magilla Loans claims it is a “first-of-its-kind” loan matching… Read More

LendInvest Grows 104% in 2017, Tops $1 Billion in Lending Capital & Looks Ahead to 2018

LendInvest, a leading UK online marketplace platform for property finance, has reported a record-breaking year of capital raising. Since the start of 2017, LendInvest’s lending capital base has grown by 104% to £765 million ($1.03 billion). LendInvest’s diversified investor base includes global banks, pension and infrastructure… Read More

BFS Capital’s Into Money: Extends Over $1.7 Billion to SMEs Since 2002

Marking its 15th anniversary year, BFS Capital, a small business financing platform, has extended over $1.7 billion in financing since funding its first deal in 2002. The company also reported that over 75 percent of its originations have occurred in the last five years and more… Read More

Orchard Platform Initiates Analysis: Severe Weather’s Effect on U.S. Unsecured Consumer Lending Industry

That this past hurricane season wreaked economic havoc on metropolitan Houston, southern Texas, Louisiana, southern Georgia and Florida is not surprising (Hurricane Maria’s effects on Puerto Rico were not covered in this analysis); in a recent blog, Orchard Platform posted initial research how much Hurricanes Harvey… Read More

PeerStreet Launches Lender Platform Powered By HouseCanary Data

Real estate crowdfunding platform PeerStreet announced on Monday the launch of its new lender platform. According to the company, lenders may now access detailed Property Valuation Reports that allow them to analyze property data and adjust property details to generate highly accurate valuations that reflect current or… Read More

Canadian Small Business Lender Lendified Secures $60 Million Credit Facility From ClearFlow

Lendified, a Canada-based lender who provides small business loans online has entered into an agreement with ClearFlow Commercial Finance to increase its lending capacity. According to the lending platform, through the agreement, ClearFlow is providing it with a $60 million credit facility to fund loans… Read More

Kabbage & ING Extend Strategic Partnership to Italy & France

Kabbage Inc., a global financial services, tech and data platform serving small businesses, and ING, a leading global bank, are expanding their strategic partnership into France and Italy to provide small businesses with real-time access to working capital. Building on ING’s successful launch in Spain… Read More

Student Lender Climb Credit Enters in $130 Million Loan Purchase Agreements

Online student lending platform, Climb Credit, announced this week it has entered into agreements with investors to purchase $130 million of student loans originated on its website. According to the lender, this new transaction will enable it to continue expanding its student loan programs beyond its current network… Read More

LendingHome Expands: Opens New Office in Pittsburgh

Marketplace lending platform LendingHome announced on Wednesday it has expanded operations by opening its new office in Pittsburgh. The online lender revealed it plans to bring a total of 50 well-paying financial technology jobs to Pittsburgh over the next year.  Co-Founder and CEO Matt Humphrey, who is Pittsburgh native… Read More

MarketInvoice Celebrates New Varengold Partnership & £1.5B Funding Milestone

Big news for business finance company MarketInvoice who not only is celebrating a £1.5b funding milestone but has also signed an agreement with Varengold Bank AG to provide £45m funding annually on its invoice finance platform, funding working capital solutions for businesses across the UK. “Institutions… Read More

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