Tagged: lending

Groundfloor Initiates Public Offering Using Reg A+ to Accelerate Growth

Groundfloor, a direct real estate investment platform, has launched an online public offering enabling any Groundfloor account holder to purchase stock directly from the company. The platform indicated that the online public offering aims to “level the cap table” so members of the public can… Read More

Crypto Lender BlockFi Welcomes Coinbase Ventures & Able Partners to List of Investors

Cryptoasset-to-USD lender BlockFi announced on Tuesday it has added Coinbase Ventures and Able Partners to its list of investors. This news comes just a little over a month after BlockFi secured $4 million in convertible debt investments led by Akuna Capital with participation from Susquehanna Government Products, LLLP,… Read More

Lending Express Celebrates $100M Lending Milestone & California’s Golden Opportunities

Lending Express, an Israeli tech company dedicated to creating a better world of funding for SMBs, has surpassed $100 million in financing facilitated between small and medium business owners and online lenders. Lending Express also obtained state permission to open for business in California. The… Read More

Fintech Business Lender MarketInvoice Nabs £26M in Series-B Round Led by Barclays & Santander InnoVentures

UK fintech business lender MarketInvoice has raised £26M in new equity funding during a Series-B funding round led by Barclays and Santander’s $200M fintech fund InnoVentures with significant participation from European venture fund Northzone, an existing investor in the company. Technology credit fund Viola Credit, who… Read More

INSIKT Raises $210 Million Through Its Social Bond Securitization Program in 2018

INSIKT (pronounced “in-seekt”), a Lending as a Service (LaaS) company, announced on Monday it has raised $210 million through its social bond securitization program in 2018, which was backed by 174,447 of its responsible, credit-building consumer loans.  According to INSIKT, this has propelled the total securitization volume… Read More

Kabbage Shares Research & Celebrates Milestone: Daily $10M Access for SMEs

Kabbage, Inc., a global financial services, technology and data platform serving SMEs, is now extending access to more than $10 million per day to small businesses via its automated lending platform. The milestone is underscored by the addition of nearly 30,000 new customers in 2018,… Read More

Robo.cash Founder Sergey Sedov: 26M Euro Loan Milestone, New Research P2P Lending & Peer-to-Portfolio Update

robo.cash

Over 26 million euro loans were financed through the European P2P platform Robo.cash in first eight months in 2018, notably 223% more than in the same period a year earlier. Operating according to the ‘peer-to-portfolio’ model, Robo.cash seeks to bring together private investors and legal… Read More

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=”[email protected] 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

Money Benjamin Dollars 100

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

Send this to a friend