Tagged: lending

February 22, 2021 @ 11:45 pm By Omar Faridi  |  

EstateGuru, an Estonia-based peer-to-peer lender facilitating secured loans, notes that the first month of this year was a “successful” one for the platform’s borrowers and investors. EstateGuru revealed that they’ve financed a total of €14 million worth of loans. The P2P lender also confirmed that… Read More

February 22, 2021 @ 11:33 pm By Omar Faridi  |  

Peer-to-peer lending marketplace Mintos reveals that women now help make up 15% of the total number of investors on their platform, with a 43% year-over-year (YoY) growth during 2020. Mintos noted in a blog post that in total, women on the platform have managed to… Read More

February 22, 2021 @ 7:34 am By Omar Faridi  |  

Chris Macklin, Chief Risk Officer at Assetz Capital, a peer-to-peer lender that originates secured loans, has provided a loan book update. As noted in a blog post by Assetz Capital, Macklin explained how the platform managed the loan book during the COVID-19 pandemic and shared… Read More

February 21, 2021 @ 7:33 pm By Omar Faridi  |  

TransUnion (NYSE: TRU) confirmed that consumer credit activity keeps rising from the COVID-19 pandemic lows, but some areas like automobile loans (subprime) performance have lagged. As noted in an update published on February 18, 2021, by TransUnion, the company’s Q4 2020 Industry Insights report looks… Read More

February 20, 2021 @ 7:48 pm By Omar Faridi  |  

European online lender October notes that in March 2020, the French State had announced a package of €300 billion in State-guaranteed loans (PGE) in order to support small and medium-sized enterprises during the COVID-19 pandemic. Following the amendment voted on in April 2020, lending marketplaces… Read More

February 18, 2021 @ 11:45 pm By Omar Faridi  |  

Bondora, a European peer to peer lender, notes that if you’re new to their platform and haven’t had the chance to verify your identity yet, then you should know that your (true) identity is “vital” to the authentication process, as the information you provide helps… 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 14, 2021 @ 7:29 pm By Omar Faridi  |  

The global micro-lending market is projected to reach a valuation of $343.84 billion by 2027, according to a new report. The expected increase in adoption of microlending in developing countries may improve consumers’ lifestyle or standard of living. The anticipated shift from traditional lending to… Read More

February 14, 2021 @ 5:28 pm By Omar Faridi  |  

India-based consumer lending firm MoneyTap has reportedly decided to expand its business operations to include Buy Now, Pay Later (BNPL) services. MoneyTap said its new BNPL solutions will aim to provide more accessible, affordable, and 0% (equated monthly installments) EMI options to Indian consumers. MoneyTap… Read More

February 14, 2021 @ 12:21 pm By Omar Faridi  |  

Auxmoney, a marketplace lending platform that serves both private and institutional investors, recently hired Carsten Höltkemeyer, the former CEO of Barclaycard Germany, in order to serve as the lender’s board chairperson. This move has come as part of a shake-up of Auxmoney’s senior management. Auxmoney,… Read More

February 13, 2021 @ 10:39 pm By Omar Faridi  |  

European online lender October notes that on February 8, 2020, they got a very good surprise when they found out that they had been ranked in the French Tech Next40 2021 ranking. October had also been recognized for its services in 2020, but claims it… Read More

February 13, 2021 @ 2:35 pm By Omar Faridi  |  

Croatian peer to peer lender Robo.cash has revealed that it’s offering new interest rates “up to 12.7%” and has also updated its secondary market. The Robo.cash team confirmed that they’re offering a new product line with rates “ranging from 11% to 12.7%.” The P2P platform’s… Read More

February 12, 2021 @ 10:28 am By Omar Faridi  |  

CapitalRise, a UK-based prime property lending platform, has reportedly advanced a £6.7 million loan to local property developer Elleric. The loan was provided for the acquisition and development of an office building into eight luxury residential apartments located at Breams Buildings in Holborn (in central… Read More

February 10, 2021 @ 2:50 pm By Samantha Hurst  |  

Hong Kong-based Crypto.com announced on Wednesday its Exchange Lending users may now secure a BTC loan by borrowing against their crypto and access a loan-to-value (LTV) ratio of up to 50%. According to Crypto.com, Lending allows users to monetize their cryptocurrency assets without any need of… Read More

February 10, 2021 @ 8:28 am By Omar Faridi  |  

Trade Ledger, which provides a Lending-as-a-Service (LaaS) platform, has secured £13.5 million in capital through a Series A round that was led by Point72 Ventures. Foundation Capital, Court Lorenzini, and Hambro Perks also took part in the round. Trade Ledger aims to assist lenders with… Read More

February 9, 2021 @ 11:20 am By Omar Faridi  |  

We recently connected with Yann Murciano, CEO at online peer to peer lender Blend Network, who had previously explained in an interview with CI last year that we’re witnessing the “democratization of property investing” in the 21st century. As covered in December 2020, the Blend… 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 7, 2021 @ 10:53 am By Omar Faridi  |  

European online lender October recently alerted consumers about the money muling fraud. The company explained what usually takes place when bad actors carry out these fraudulent activities and shares tips to avoid getting scammed. October notes that if you’re being offered “opportunities” to make easy… Read More

February 4, 2021 @ 3:05 pm By Samantha Hurst  |  

Marlette Funding, LLC, an online consumer lending platform, service provider, announced on Thursday it is expanding its Best Egg suite of lending products, including the addition of a new credit card program in 2021. According to Marlette Funding, the new Visa credit card will offer… Read More

February 2, 2021 @ 9:45 pm By Omar Faridi  |  

Peer to peer lending marketplace Robo.cash has noted that the volumes of alternative lending in developing nations have been “growing yearly by 25% since 2017.” The Robo.cash team confirms in an update that funding from European investors has been “an important contributor” to the rise… Read More