Tagged: lending

February 18, 2022 @ 7:54 am By Omar Faridi  |  

Ararat Yuzbashyan, CTO at EstateGuru, has explained how he aims to improve the lives of his colleagues. Ararat also talked about the advice he would give to talented professionals who are thinking of joining EstateGuru. Ararat has been working at EstateGuru for around 10 years…. Read More

February 18, 2022 @ 2:37 am By Omar Faridi  |  

The peer-to-peer market is expected to grow by around 20% this year, according to a report from Croatian lender Robo.cash. Robocash analysts noted that the optimistic scenario for 2022 is being supported by the general development trend from last year. Industry experts are also betting… Read More

February 17, 2022 @ 8:49 am By Omar Faridi  |  

European lender Bondora reveals that 2022 is off to a solid start, as the annual return rate for 2021 outperforms the target rate by 5.5%. The quarterly performance has also improved from December 2021, with all four quarters of 2021 “performing above their target rates.”… Read More

February 16, 2022 @ 8:31 am By Omar Faridi  |  

The team at European lender Mintos has shared updates about the latest actions taken in the case of GetBucks Botswana, GetBucks Zambia, and their guarantor – Luxembourg-headquartered firm MyBucks SA. GetBucks Botswana (Cashcorp Proprietary Limited, Firstcred Limited, TU Employee Benefits Proprietary Limited) and GetBucks Zambia… Read More

February 14, 2022 @ 12:14 am By Omar Faridi  |  

Peer-to-peer lending provides investors and borrowers various advantages over more traditional forms of finance. However, there’s a potential downside as well. EstateGuru has taken a detailed look at the pros and cons of this form of funding, and the ways in which their platform aims… Read More

February 13, 2022 @ 3:02 pm By Omar Faridi  |  

At specialist development finance lender, Blend Network, the team prides itself on being by their client’s side, assisting them with borrowing funds for their initiatives. Even at the heights of the COVID-19 crisis, the team reports that they continued lending and deploying capital into projects… Read More

February 9, 2022 @ 11:06 pm By Omar Faridi  |  

Consumer lending Fintech Selina Finance has finalized a £150 million Series B round that included equity and debt financing. Selina Finance acquired $115 million in debt funding from Goldman Sachs and GGC and $35 million in equity financing led by Lightrock along with existing investors…. Read More

February 9, 2022 @ 1:27 am By Omar Faridi  |  

The team at European lender Bondora notes that they have kicked off the new year with many investors joining their platform. Originations and investments fell a bit, as they did during the month of December, but managed to maintain solid numbers when compared to January… Read More

February 8, 2022 @ 8:21 pm By Omar Faridi  |  

Newt Corporation, an integrated platform for digital financial services, announced that it has entered into a service agreement with Belvo Open Banking API Platform to service its lending-as-a-service (LaaS) offering across North America. Under the terms of the Agreement, Belvo offers Newt with a tech… Read More

February 8, 2022 @ 2:39 pm By Omar Faridi  |  

Lending Works recently released their Q4 2021 performance update on their statistics page. As noted by Lending Works in a blog post, the expected annual returns and expected annual loss rates have “remained relatively stable compared to our Q3 2021 update.” The announcement from Lending… Read More

February 8, 2022 @ 8:49 am By Omar Faridi  |  

The team at Mintos has published the latest edition of Mintos Insight, which is their monthly publication that offers an overview of what’s been going on (on their platform), including commentary from their experts, recent investor activity, educational topics, and other updates. Key insights from… Read More

February 3, 2022 @ 10:22 am By Omar Faridi  |  

Fast-growing enterprise adoption of business finance technology has helped Sonovate to report “record” funding volume in December of last year, “capping an overall record-breaking year for the UK lender.” Sonovate, a Fintech lender that offers finance and tech services to businesses that engage contractors and… Read More

January 30, 2022 @ 9:14 pm By Omar Faridi  |  

PeerBerry shareholders have reportedly set deadlines to introduce the crowdfunding platform As noted in an update, the license to operate a crowdfunding business across the European Union has been provided by the Bank of Lithuania, which is considered to be one of the most progressive… Read More

January 30, 2022 @ 4:34 pm By Omar Faridi  |  

European lender Bondora notes that Go & Grow is their investors’ favorite or most preferred way to invest in their wealth. Bondora writes in a blog post that they have more than 158,000 “satisfied” Go & Grow investors. And there’s a solid reason why it’s… Read More

January 24, 2022 @ 8:39 am By Omar Faridi  |  

Earlier this month, the team at European lender Mintos had released their extensive Insight Report. Mintos noted that their monthly publication offers an overview of what’s been happening on their platform, including commentary from their team of experts, recent investor activity, educational topics, and other… Read More

January 24, 2022 @ 8:27 am By Omar Faridi  |  

Earlier this month, the team at marketplace lender October had shared an open letter with their community. October wrote in its open letter that last year, they had committed to working hard, “with enthusiasm and curiosity.” They had promised to lend more efficiently to businesses,… Read More

January 23, 2022 @ 6:10 pm By Omar Faridi  |  

We recently connected with Mark Fiebig, Founder at The Closing Docs, a firm offering automated income verification for property managers and lenders. As explained by the company’s management, The Closing Docs provides an automated income verification tool that positions property managers and lenders to “make… Read More

January 21, 2022 @ 6:37 pm By Omar Faridi  |  

SaaS banking platform Mambu and an international provider of Cloud payments and financial messaging solutions, Volante Technologies, announced a collaboration to assist banks and lenders with streamlining their banking and payment infrastructures. The partnership should enable joint clients to “speed delivery of innovative payment products… Read More

January 21, 2022 @ 12:38 pm By Omar Faridi  |  

Timothy Li, CEO at Alchemy and Lecturer at USC, notes that his firm is pleased and “fortunate” to extend their Fintech capabilities across the globe. https://twitter.com/SuddenlyTime/status/1484376585419427845?s=20 Timothy Li, who’s also a Senior Contributor at Crowdfund Insider, points out that during the past year, Alchemy has doubled… Read More

January 20, 2022 @ 2:07 am By Omar Faridi  |  

Thincats, a UK-based lending platform, explains that their expertise in SME lending is the product of “a detailed manual underwriting process combined with market-leading data.” Because of their sharp focus on mid-sized SMEs, ThinCats claims that they have “continually invested in making sure [they] have… Read More