Tagged: lending

European Lending Platform Mintos to Launch Notes on May 25

Rocket Launch 2

  Mintos is pleased to announce that Notes will be launching via the platform on 25 May 2022. In anticipation of the upcoming launch, Mintos has put together “some key information regarding the transition from the current set-up to investing in Notes.” As a licensed… Read More

ABC Fund Provides $3M to Microfinance Lending Initiatives in Colombia

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The Agri-Business Capital Fund (ABC Fund) recently revealed that it has finalized $3 million loan to Colombia-headquartered Finamiga, which mainly focuses on lending to small farmers as well as independent workers. As mentioned in the update, the lending brings the Fund’s total number of investments… Read More

Biz2Credit Small Business Lending Index Reports Approval Rates Inched Upward Last Month

Growth Money Up Higher Arrow

Small business loan approval percentages at big banks ($10m + in assets) “rose from 14.9% in March to 15.1% in April, and small banks’ approvals also increased from 20.6% in March to 20.8% this past month.” This, according to the latest Biz2Credit Small Business Lending… Read More

Worldline Teams Up with Fintech Algoan to Provide Credit Assessment Solution

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Worldline [Euronext: WLN], an international leader in payment services, and Algoan, a credit scoring provider, have announced a collaboration agreement “to jointly develop a next-level credit assessment solution to help lenders and services providers make better credit decisions.” This service is based on APIs &… Read More

European Investment Platform Lendermarket Triples Platform Growth, Welcomes Second Lending Group

Growth Grow Together Partner Collaborate

Lendermarket, which claims to be one of Europe’s fastest growing P2P investment platforms, recently announced that it is becoming “a multi-lender platform after signing an agreement with Credory, an Estonian SME-financing company.” The partnership “enables Lendermarket to appeal to investors looking for lower-risk loans and… Read More

Fintech iwoca SME Expert Index: 30% Brokers Say Lending Market Returned to Pre-pandemic Levels

Fintech UK

The small business lending market has has reportedly returned to pre-pandemic levels of activity. This, according to nearly a third of brokers (30%) surveyed in iwoca’s latest SME Expert Index. And nearly another third (31%) believe the market will “return within 6 months, based on… Read More

Lending Works Shares Latest Credit Risk Performance Update

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The team at Lending Works recently shared their Q1 2022 performance update on their stats page, and they also released their Outcome Statement for 2021. During Q1 2022, Lending Works claims that it focused on “understanding the impact of cost-of-living challenges on [their] active loan… Read More

EstateGuru Financed €16.7M in Loans in March, Despite Macroeconomic Changes: Report

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As the EstateGuru team claims to have predicted, the total funded amount in March was “similar to February.” EstateGuru‘s management writes in a blog post that investors “financed €16.7M worth of loans and, despite macroeconomic changes, investor and borrower behavior remains stable.” During March, Estonia… Read More

Marketplace Lender Prosper Shares Performance Update for March 2022

Prosper Cooler

The team at Prosper has shared their platform’s Performance Update for March 2022. Haiyan Huang from Prosper notes that in March 2022, approximately 55% of loan originations “were rated AA- B, remaining stable month-over-month.” And the average loan size in March “decreased by approximately 4% month-over-month.”… Read More

UK’s Blend Network CEO Yann Murciano Shares Insights on Streamlining Business Processes

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Blend Network CEO Yann Murciano has discussed the challenges of building a property “power team.” Yann recently focused on the “all-important” challenge of simplifying and streamlining “overly time-consuming processes and operations.” When speaking with property developers, one of the “most common” complaints that Blend Network… Read More

P2P Investors Are Now Increasingly Focused on ESG: Report

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According to a recent Robo.cash survey, a quarter or 25% of P2P investors are “actively involved in the ESG trend.” At the same time, the survey by Robo.cash reveals that “most respondents take this criterion into account when choosing a P2P platform.” Over half of… Read More

SALT Introduces Cryptocurrency Lending as a Service, Announces Cion Digital as Partner

Salt Blockchain based loans

SALT and Cion Digital recently announced a strategic partnership “to bring SALT’s crypto-lending solutions to 5,000+ auto dealerships in the US.” The announcement marks “the launch of SALT’s Embedded Crypto Lending Service, which will enable financial service providers and fintech platforms to rapidly deploy crypto… Read More

Finastra Appoints Isabel Fernandez to Support Lending Business Growth

Isabel Fernandez

Finastra has confirmed the appointment of Isabel Fernandez, a “highly” regarded senior banking and technology executive, “to the role of EVP for the company’s Lending Business Unit, effective May 2022.” Isabel will be “part of Finastra’s recently expanded leadership team as the company pivots to… Read More

European Lender Bondora Introduces New App for its Go and Grow Account

Growth Grow Together Partner Collaborate

European lender Bondora notes that if you are looking to invest while you’re on the move, then they have an app just for that. The investment platform is introducing the Go & Grow app by Bondora. With the app, users have all they need at… Read More

UK’s Shawbrook Bank to Provide Lending Discount for Consumers Sharing Open Banking Data

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UK-based specialist lender Shawbrook Bank is reportedly using Open Banking tech from ClearScore in order to determine the creditworthiness of potential clients and offering a discount on loans for those who decide to share their data. Via ClearScore, Shawbrook aims to begin integrating Open Banking… Read More

Lithuania’s Debitum, a Borderless Financing Platform, Shares Platform Updates for March 2022

Azrieli Center Tel Aviv Israel

At the end of February, Debitum had introduced Asset-Backed Securities and by doing so, they reportedly became the first platform in all of Europe that has “managed to offer this kind of financial instrument to the retail market.” Therefore, the Debitum team will represent their… Read More

European Lender Bondora Reports New Highs for Collections, Recoveries in 2022

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European lender Bondora notes that the collection and recovery efforts in March 2022 set new “record highs” for 2022. The cash collected increased by 61.6% from February 2022, “totaling €1,249,637.” And 77,471 missed payments “were recovered, which is the highest number in Bondora’s history:” The… Read More

Financiera Contigo, a Mexican Lending Firm, Launches on Mintos

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Financiera Contigo (CEGE Capital), a lending firm doing business in Mexico,  will provide investment opportunities on Mintos with interest rates of “up to 12% per annum.” Financiera Contigo was founded in 2010 ​​by two brothers Allan and Emilio Cherem, who were “nominated by Forbes for… Read More

European Lender Bondora Expecting to Set New Record for Q1 Originations

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Even though working hard is their motto, Bondora also loves celebrating “big” moments, “small wins,” and all the “good stuff in between.” In March 2022, Bondora had celebrated 14 years of launching operations. They thank their clients and everyone who has been part of their… Read More

UK’s Sourced Capital Looks into Benefits of Alternative Property Investment

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The team at UK’s Sourced Capital notes that one of the “best” reasons for investing in property is the “potential” financial returns. However, what if you were not able to commit to “hands-on” investments? Sourced Capital has shared some of the alternative property investments. With… Read More

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