Tagged: lending

June 21, 2022 @ 10:19 am By Omar Faridi  |  

Lithuania’s borderless financing platform Debitum recently shared its annual financial report. The team at Debitum noted that they are happy that the number of registrations “reached 8360 at the end of 2021.” This means “an increase of 41%,” the company revealed while adding that it… Read More

June 21, 2022 @ 8:37 am By Omar Faridi  |  

European lender EstateGuru notes that their investors backed nearly €20.0 million worth of loans in May of 2022. The “best-performing” market was Estonia (€7.0M), “followed by Lithuania (€5.0M) and Finland (€3.6M).” As EstateGuru predicted last month, repayments “improved during May.” Their borrowers “paid back €14.6M… Read More

June 15, 2022 @ 10:50 pm By Omar Faridi  |  

The team at Prosper recently shared their performance data from the Prosper Portfolio for May 2022. Highlights from the Prosper Performance Update – May 2022 are as follows: In May, approximately 58% of loan originations “were rated AA- B, remaining stable month-over-month.” Average loan size… Read More

June 15, 2022 @ 8:44 am By Omar Faridi  |  

2021 was the year of considerable growth for PeerBerry, the company claims. The platform has “almost tripled within the previous year.” PeerBerry’s loan portfolio “grew 2,77 times or 177% exceeding EUR 85,43 million at the end of the year 2021.” Last year, through the PeerBerry… Read More

June 10, 2022 @ 7:45 am By Omar Faridi  |  

Satago, a provider of invoice financing and Lending as a Service software solutions, has signed a LOI “to enter into a three-way partnership with Sage and Lloyds Bank.” The partnership will formalize plans “to create an embedded finance solution within Sage, the leader in accounting,… Read More

June 8, 2022 @ 9:25 am By Omar Faridi  |  

After carefully watching the number of new investors every month, Bondora is pleased to confirm that there are now over 200,000 investor accounts on their platform. Bondora notes that they are quite pleased that more and more people are choosing to invest with them. Their… Read More

June 8, 2022 @ 7:21 am By Omar Faridi  |  

Mintos notes in its Mintos Insight update that for certain investment products, regulation happens from the get-go, but for others, they might “not fall into a regulatory framework straight away.” While sharing other key takeaways from the Mintos Insight report, the team noted that new… Read More

June 2, 2022 @ 7:47 pm By Omar Faridi  |  

ZoodPay, the digital lending platform for e-commerce in the Middle East and Central Asia, has entered Pakistan by fully “acquiring Karachi headquartered Tez Financial Services (Tez).” Backed by investors including Planet N, Flourish Ventures and Accion, Tez reportedly became “the first Fintech in Pakistan to… Read More

May 28, 2022 @ 10:45 pm By Omar Faridi  |  

Even though Bondora‘s cash recoveries declined in April 2022, the number of recovered loans increased considerably. Across all countries, recovered missed payments “increased by 2.3% to 79,281.” This means they have “a new record for the most missed payments recovered.” In March, Bondora claims it… Read More

May 28, 2022 @ 9:26 pm By Omar Faridi  |  

European lender EstateGuru reports that €14,7M worth of loans were financed during April of 2022. New loans in Estonia “contributed nearly 50% of the volume, followed by Germany and Latvia.” During the past month, EstateGuru reports it has “seen a rise in investor activity and… Read More

May 28, 2022 @ 7:37 pm By Omar Faridi  |  

The team at Prosper recently shared their performance data from the Prosper Portfolio for April 2022. Highlights from the Prosper Performance Update – April 2022 are as follows: In April, approximately 56% of loan originations “were rated AA- B, remaining stable month-over-month.” Average loan size in… Read More

May 28, 2022 @ 2:58 pm By Omar Faridi  |  

Capital provider Bloom Group S.A. has secured £300 million in capital via a round led by Credo Capital Partners and funds managed by Fortress Investment Group LLC (Fortress), making the company “the highest-funded revenue-based lending business in Europe.” It will drive the company’s ambition “to… Read More

May 24, 2022 @ 8:37 pm By Omar Faridi  |  

yourCom, a provider of corporate lending, has embraced Enigio’s trace:original in combination with Signicat’s solution for digital identity and electronic signing “to launch a fully digital lending process.” By integrating trace:original, yourCom will be able “to offer its clients the creation and management of fully… Read More

May 23, 2022 @ 8:24 am By Omar Faridi  |  

In April 2022, both originations and investment funding grew “strong” and set new highs for the year, according to an extensive update from Bondora. The European lender noted that loan originations “increased by 7.2% to €15,697,955 and investments by 7.3% to €15,548,882.” As mentioned in… Read More

May 23, 2022 @ 1:41 am By Omar Faridi  |  

The partnership will leverage the platform’s machine learning capabilities “to deploy new funding to UK small businesses over a two-year period.” Funding Circle, which claims to be the UK’s largest small business loan platform, and Waterfall, an institutional asset manager, recently announced their lending partnership… Read More

May 22, 2022 @ 11:47 pm By Omar Faridi  |  

ForwardAI, a Fintech providing aggregated access to accounting & business data and analysis, announced its partnership with Fifo Capital, a provider of business finance solutions in Australia. Through the partnership, Fifo Capital will be “enhancing its business loan underwriting process using accounting, financial and cash-flow… Read More

May 22, 2022 @ 10:37 pm By Omar Faridi  |  

P2P consumer lending platforms are the “most stable” in their growth, while the business segment is “increasing faster than the others,” the team at Croatian lender Robo.cash claims. Geographically, sustainable development is “mainly shown” by Croatian and Italian platforms, the Robo.cash writes in a blog… Read More

May 21, 2022 @ 12:54 pm By Omar Faridi  |  

Uplinq, the global credit assessment platform for small and medium sized business lenders, strengthens its global reach with Ranqx, a digital SMB loan origination, decisioning and monitoring platform “for lenders and banks.” With the help of Uplinq’s advanced technology, New Zealand based Ranqx will be… Read More

May 21, 2022 @ 3:07 am By Omar Faridi  |  

MarketFinance, the Fintech credit and payments firm, recently announced a debt raise from Deutsche Bank which the company will use to part “fund up to £100m of lending to support strong, well-managed SME businesses with their investment and working capital needs.” The announcement comes at… Read More

May 20, 2022 @ 2:42 am By Omar Faridi  |  

Ophelos, the technology firm building “fairer” debt resolution for businesses and their customers, announces it has partnered with Plend, an “ethical” consumer lender using Open Banking “to provide affordable loans to those struggling with access to credit.” Both pending B-corporations, Plend and Ophelos are closely… Read More