Tagged: lending

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

January 19, 2022 @ 11:26 am By Omar Faridi  |  

EstateGuru notes that 2021 ended “strongly” for their platform, with their investors financing €18.6M worth of loans in December 2021. As mentioned in the update from EstateGuru, the total funded amount for the year was €2028M. In December, Estonia, Lithuania and Germany all “contributed over… Read More

January 19, 2022 @ 10:47 am By Omar Faridi  |  

UK’s Blend Network, a specialist development finance lender, has responded to “growing demand for light refurbishment projects.” As mentioned in an update shared with CI, specialist development finance lender Blend Network has announced today the launch of a new Light Refurbishment Plus product range “specifically… Read More

January 19, 2022 @ 8:56 am By Omar Faridi  |  

Today, the team at digital bank Zopa is “incredibly proud” to announce that their customers have trusted them with over £1 billion of their “hard-earned” savings. In an update shared with Crowdfund Insider, Zopa‘s management noted that their award-winning Zopa Fixed Term Savings Account offers… Read More

January 19, 2022 @ 1:24 am By Omar Faridi  |  

Bank North, a Fintech-enabled bank, which will combine cloud-native tech with the trust of face-to-face relationship banking with the “aim of disrupting the £150bn UK SME lending market,” has secured 114% (£1,552,134) of its £1,350,000 target from 486 investors (at the time of writing) with… Read More

January 18, 2022 @ 8:19 am By Omar Faridi  |  

Digital lending software provider Blend (NYSE:BLND) reveals that they helping to increase homeownership opportunities by leveraging data and automation. Blend explains how their integration with Fannie Mae supports borrower rent payment history, which helps “expand opportunities for first-time homeownership.” Traditionally, credit has served a key… Read More

January 17, 2022 @ 11:19 pm By Omar Faridi  |  

LendInvest, a leading digital financing platform for the UK market, has commented on the importance of their plans to adopt better lending technology in 2022. The team has looked ahead to their business plans this year with their VP of Technology, Peter Wallis. Peter Wallis… Read More

January 17, 2022 @ 1:46 am By Omar Faridi  |  

In December 2021, online lender Bondora reports having a “stable” month in terms of investments, despite declines from November. As noted in an update from Bondora, €16,511,772 was invested “across the platform—an 18.6% drop from November.” This is, however, the third-highest amount invested in 2021,… Read More

January 17, 2022 @ 12:56 am By Omar Faridi  |  

European SME lender October reveals that 2021 was an “intense year” for their platform. October notes that not only was it their best lending year so far on record, with more initiatives financed than the past 3 years combined, but also “the one of multiple… Read More

January 16, 2022 @ 11:57 pm By Omar Faridi  |  

F88, Vietnam’s secured lending provider and insurance distributor, has reportedly finalized a $10M senior secured loan facility from Lendable Inc, an emerging market Fintech focused on offering debt financing. As mentioned in the announcement, this facility is the first transaction for Lendable in Vietnam and… Read More

January 16, 2022 @ 7:00 pm By Omar Faridi  |  

Haiyan Huang from marketplace lender Prosper has shared the platform’s latest performance data from the Prosper Portfolio for December 2021. In an update from Prosper, dated January 15, 2021, the firm has shared key highlights from the report as follows: Performance Update In December 2021,… Read More

January 16, 2022 @ 4:08 pm By Omar Faridi  |  

PeerBerry, an alternative investment marketplace, claims that its operations grew almost three times in 2021. According to an extensive update from PeerBerry, 2021 was “the year of outstanding growth” for their platform. They almost tripled the scope of their business operations within the previous year…. Read More

January 14, 2022 @ 1:45 pm By Omar Faridi  |  

The team at UK’s Blend Network, a specialist development finance lender, notes that they’ve recently been quite vocal about why development finance lenders “need to show more commitment towards Net Zero and sustainable house building.” Blend Network has explained why and how specialist lenders like… Read More