Tagged: lending

March 14, 2022 @ 1:26 am By Omar Faridi  |  

For the most part, February 2022 had “similar figures” to January, making for quite a stable start to the year, the team at European lender Bondora noted. The firm added that during a time when life can “feel uncertain,” they aim to be “a constant… Read More

March 14, 2022 @ 12:30 am By Omar Faridi  |  

Croatian P2P lender Robo.cash recently commented on whether peer-to-peer investors are equal when it comes to “taxing their income.” To address the question, Robo.cash has assessed the European legislative framework. Robocash writes in a blog post that the national legislations of European countries “generally have… Read More

March 12, 2022 @ 2:53 pm By Omar Faridi  |  

Stilt, the provider of financial services for immigrants, announced that it has secured $14 million via a Series A round that was led by Link Ventures, along with contributions from Petrushka Investments, Hillsven Capital, Gokul Rajaram, Claire Hughes Johnson (COO, Stripe), Ott Kaukver (CTO, Checkout.com),… Read More

March 10, 2022 @ 8:51 pm By Omar Faridi  |  

We recently connected with Mikkel Velin, Co-CEO, YouLend, which works with digital commerce platforms (inc. eBay and Shopify) in order to offer merchants access to fast and reliable funding. During a discussion with CI,  YouLend‘s management noted that the UK government’s Help to Grow scheme… Read More

March 9, 2022 @ 7:13 am By Omar Faridi  |  

Blend Network recently released its first annual Predictions in Development Finance report. Set out in this report is an analysis of “the challenges and obstacles, but also the opportunities within the market,” the team at Blend Network noted in a blog psst. The development finance… Read More

March 7, 2022 @ 8:25 am By Omar Faridi  |  

PeerBerry business partner – real estate developer SIB Group – has “successfully closed the real estate project “Bukčiai” in Vilnius, the capital of Lithuania.” The real estate loan of €2 million plus interest rate €199,746 (total amount €2,199,746) was “repaid to PeerBerry investors on March… Read More

March 4, 2022 @ 11:26 pm By Omar Faridi  |  

Pärtel Tomberg, CEO at European lender Bondora, notes that the news of the Russian invasion of Ukraine has “sent shock waves around the world.” Bondora‘s CEO writes in a blog post that their thoughts “go out to everyone who is affected, and [they’re] committed to… Read More

March 4, 2022 @ 9:26 am By Omar Faridi  |  

After closing the month of February 2022, the team at Robo.cash has shared their latest platform updates, as well as some of their recent results. Robocash noted in an update: Plarform investors funded loans worth 15M euro. 685 people started investing via Robocash. Investors earned… Read More

February 28, 2022 @ 10:42 pm By Omar Faridi  |  

Digital lending software provider Blend (NYSE:BLND) notes that the financial services sector is changing, and ensuring loyalty is “increasingly difficult.” Blend writes in a blog post that clients are now looking for all-digital experiences that are fast, easy, as well as more efficient. And they… Read More

February 28, 2022 @ 2:52 pm By Omar Faridi  |  

The UK government’s Help to Grow scheme has seen “painfully slow” uptake from small businesses – “despite the current economic landscape leaving many of them in desperate need of support,” according to an update shared with CI. Mikkel Velin, Co-CEO of B2B embedded lending provider… Read More

February 28, 2022 @ 3:27 am By Omar Faridi  |  

European marketplace lender October recently commented on the French state-guaranteed loans. On March 2020, the French State announced an “exceptional package of €300Bn state-guaranteed loans (PGE) to support SMEs during the Covid-19 crisis.” Since the launch of this first state-guaranteed loan via the October platform… Read More

February 26, 2022 @ 5:21 pm By Omar Faridi  |  

European lender Mintos notes that they will be monitoring RUB currency dynamics on a daily basis, “closing positions at the end of the working day to prevent the risk of negative exposure.” The team at Minto wrote in a blog post that based on the assessment… Read More

February 25, 2022 @ 6:10 pm By Omar Faridi  |  

Croatian P2P lender Robo.cash turned 5 years old, according to an update posted on February 22, 2022. As mentioned in a blog post by Robocash: “During this seemingly not so long period we have managed a lot. And there is more ahead of us.” CEO… Read More

February 23, 2022 @ 5:04 pm By Omar Faridi  |  

Private debt managers secured $191.2 billion last year, representing a 12.1% YoY gain and the second-highest annual tally on record, according to an update from Pitchbook. As noted in a report from Pitchbook, investors continued piling into these funds “despite the puzzling macroeconomic environment.” This… Read More

February 23, 2022 @ 8:32 am By Omar Faridi  |  

The team at European lender Bondora notes that the collection and recovery team started 2022 on “a high note.” The number of loans issued via the platform and the total amount of debt recovered increased when compared to the last month. As noted by Bondora,… Read More

February 23, 2022 @ 8:29 am By Omar Faridi  |  

The first month of this year saw €16.3M in loans originated via EstateGuru with Estonia and Germany together contributing more than half the total amount of funding. Due to seasonality, repayments came in at a “modest” at €2.5M, accounting for 23 loans with “an average… Read More

February 21, 2022 @ 7:12 pm By Omar Faridi  |  

Sydney-headquartered Fintech firm Lumi has acquired an additional $10 million in funding from existing investors Arbel Fund and Melbourne’s Perennial Partners in order to capitalize on the faster than anticipated growth in certain market segments. The SME lender has acquired a total of $30 million… Read More

February 18, 2022 @ 3:53 pm By Omar Faridi  |  

Much has been made of embedded lending during the past couple years. With the COVID-19 crisis shuttering businesses and forcing a major shift to online and all-digital services, you could say that this was inevitable. Now, large Fintechs like Klarna, Stripe and PayPal have shown… Read More

February 18, 2022 @ 12:09 pm By Omar Faridi  |  

Digital lending software provider Blend (NYSE:BLND) notes that the rise of connected consumers driving product development and reshaping the trajectory of industries across the board has “proven that finance can be lightning fast, mobile-friendly, and customer-centric.” Blend writes in a blog post that the changed… Read More

February 18, 2022 @ 8:01 am By Omar Faridi  |  

The team at Prosper has shared their platform’s Performance Update for January 2022. Haiyan Huang from Prosper notes that in January 2022, approximately 57% of loan originations “were rated AA-B.” The company further noted that the average loan size in January “increased by 4% month-over-month.”… Read More