Tagged: lending

Online Lender iBAN Completes Seedrs Funding Round With More Than £110,000 in Funds

On Tuesday, iBAN completed its equity crowdfunding campaign on Seedrs with over £110,00 in funds.  The online lender was founded last year and launched the initiative in early January with a mission to raise £100,000 for its new crowdlending app, iBAN Wallet. According to the London-based lender,… Read More

Troubled: Canadian Mortgage Lender Home Trust Obtains $2B Loan Facility

Home Capital Group Inc. (TSX: HCG) announced that its subsidiary, Home Trust, has reached a non-binding agreement in principle with a non-disclosed institutional investor for a credit line in the amount of $2 billion. It is expected that a firm commitment will be agreed to later… Read More

LendKey Releases Student Loan Refinance Report: Delinquency Rates Dropped

LendKey, a leading lending-as-a-service provider for banks and credit unions, released its Student Loan Refinance Report, its second in a series that highlights borrower trends across banks and credit unions. This latest report focuses on the state of student refinancing including the borrower demographic, their… Read More

Overfunding: iBAN Surpasses £100,000 Funding Target on Seedrs

Online lending platform, iBAN, has successfully secured its initial £100,000 funding target through Seedrs. The lender, which was founded last year, launched the initiative in early January, seeking to raise funds for its new crowdlending app, iBAN Wallet. As previously reported, the London-based company stated its… Read More

Latest Biz2Credit Small Business Lending Index February 2017 Reports: Small Biz Lending Approval Rates Surge at Big Banks, Institutional Investors

On Wednesday, Biz2Credit announced its latest small business lending index revealed that loan approval rates at big banks ($10 billion+ in assets) improved to new post-recession highs in February 2017. The index also reported small banks and institutional investors also experienced an uptick in their loan approval… Read More

Landbay, Proplend, & FundingSecure Named Top Three UK Property P2P Lending Platforms

On Tuesday, 4thWay writer, Matthew Howard released his very own assessment on the top three property P2P lending platforms are in the UK. The three he selected were Landbay, Proplend, and FundingSecure. In his selection, Howard ranked the lenders based on their features and opportunities… Read More

Kiva Announces International Women’s Day Campaign “Be Bold For Change, Invest in Her”

Kiva, the crowdfunding platform dedicated to connecting people through lending, announced the launch of its International Women’s Day campaign, Invest in Her. While sharing details about the new campaign, the funding portal revealed it is looking to raise $3 million in loans to women by… Read More

Citi Report: Continue to Watch China & FinTech in 2017

Citi’s latest report, “Digital Disruption – Revisited: What FinTech VC Investments Tell Us About a Changing Industry”, explores the evolving fintech industry.  In exploring different regions around the world, the report concludes: China’s rapid digitalization and rise of the middle class — combined with declining… Read More

Lending Platform iBAN Now Seeking £100,000 on Seedrs to Create Crowdlending App iBAN Wallet

Online lending platform, iBAN, recently launched an equity crowdfunding campaign on Seedrs with a mission to raise £100,000 to create its new crowdlending app, iBAN Wallet. iBAN, which was founded last year, stated its team focuses on lending well while making credit decisions based on significant due diligence… Read More

Fintech Investment in India Picks Up After Demonetization Move

Over 25 startups in the online lending space have rapidly emerged over the past two years, according to TechCircle analysis.  Despite signs that global fintech investment was slowing in 2016, VCCircle‘s analysis for 2017 suggests that such investment may pick up again. Arti Singh and… Read More

Bizfi Announces Partnership With InterNex Capital

On Wednesday, Bizfi announced it has expanded its business lending capabilities with a new funding partnership with InterNex Capital, an asset-based digital lender. According to the company, this partnership will allow small to mid-sized businesses in manufacturing, wholesale, trucking, business and consulting services to apply for and… Read More

Biz2Credit Reports: Small Biz Loan Approval Rates at Big Banks and Institutional Lenders Continued to Surge in October

On Thursday, Biz2Credit announced its recent Small Business Lending Index report revealed that loan approval rates at big banks and institutional lenders improved to all-time highs in October 2016. The report stated that small business loan approval rates at big banks improved to 23.5% during… Read More

Brief: i2B Closes $4M Asset-Based Revolving Line of Credit+ with CFG Merchant Solutions

i2B Capital, a direct financing provider to niche-market financial entrepreneurs, is pleased to announce the closing of a $4 million asset-based revolving line of credit with an accordion to $6 million with CFG Merchant Solutions, a privately owned and operated specialty finance company focused on… Read More

PwC Studies German Risk Management, Utilizes Auxmoney to Determine Private Lending Market Potential

Credit marketplaces such as auxmoney ensure that up to 4.3 million more people get access to credit, as would be the case via conventional lenders like banks, according to a recent PricewaterhouseCoopers study. PwC investigated the effects of new forms of risk assessment with its complementary, digital… Read More

Marcus, Goldman Sachs’ Online Lender, Launches to Provide Affordable Consumer Loans

Goldman Sachs’  long-anticipated online lending platform labeled Marcus has launched for users who received a special code by mail.  The Fintech platform is poised to challenge established marketplace lending platforms such as Prosper and Lending Club by offering consumers a chance to refinance onerous credit… Read More

Ken DeGiglio Joins EquiLend Holdings as its First CIO

Ken DeGiglio has joined the securities lending platform EquiLend Holdings LLC as its first CIO, according to a release. Effective immediately, DeGiglio is responsible for aligning EquiLend’s technology vision with business strategy and integrating company processes with the appropriate technologies. He is also responsible for all aspects… Read More

Beyond Bank Snags A$1.5M SocietyOne Equity, Moves into Fintech

Beyond Bank Australia has announced its equity stake in SocietyOne, reported Australian Broker, having acquired A$1.5 million worth of shares in marketplace lender, as well as agreeing to increase its funding arrangement to A$10M. Earlier this year, SocietyOne raised A$25M capital from traditional financial firms G&C Mutual Bank and the Maritime, Mining… Read More

Financeit Taps Capital One Canada for New CFO, Ian Hanning

Financeit, a provider of home improvement financing solutions, has tapped Capital One Canada’s Ian Hanning as its new CFO to help lead the platform into its next stage of maturity, expanding its market share in the point-of-sale financing industry. “Fintech is still in its infancy stage in Canada but it… Read More

Lender AvantCredit Receives Full Authorization from FCA: Full Speed Ahead

AvantCredit has received full authorization by the Financial Conduct Authority (FCA) which covers all credit and lending operations and includes permissions for credit broking, debt collection and debt administration, according to a release. Since launching in the UK in October 2013, AvantCredit has issued more than 70,000… Read More