Tagged: lending

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

January 14, 2022 @ 1:22 pm By Omar Faridi  |  

European lender Mintos writes in an extensive update that the Internet connections in Kazakhstan has now been restored, and the restrictions on international payments “were lifted.” The team at Mintos also mentioned that they’ve received proof of payment from all their lending firms from Kazakhstan…. Read More

January 13, 2022 @ 10:19 am By Omar Faridi  |  

Tandem Bank has reportedly acquired consumer lending platform Oplo. The strategic acquisition has formed a combined business with £1.2 billion of total assets, £1 billion of funding and 171,000 clients being serviced by a UK-headquartered team of 500 professionals. Tandem was established back in 2014… Read More

January 13, 2022 @ 8:13 am By Omar Faridi  |  

Fiduciam, the institutionally-funded short-term lender to housebuilders and entrepreneurs, is planning an expansion of its operations in Scotland for 2022. A new Scottish team has been formed with a nationwide lending appetite and a target to achieve £55 million of lending this year. Fiduciam is… Read More

January 7, 2022 @ 7:59 am By Omar Faridi  |  

The team at UK’s Blend Network, a specialist development finance lender, notes that as 2022 gets underway, they’ve reflected on the “strength” and “resilience” of the UK property market. With property prices and rents surging to double digit growth in some areas of the UK,… Read More

January 7, 2022 @ 1:27 am By Omar Faridi  |  

The team at Mintos, an investment firm that claims to be the leading alternative investment platform in the European Union, says they’ve made “big things” happen at Mintos in 2021, resulting in “a lot of transformative change.” According to Mintos, the loans asset class (for… Read More

January 7, 2022 @ 12:53 am By Omar Faridi  |  

Landbay, the buy-to-let mortgage market that leverages the latest Fintech and claims to be one of the fastest-growing tech firm in Europe, notes that 2021 started in the middle of a lockdown and at that time, no one would have “wanted to bet on prospects… Read More

January 6, 2022 @ 2:22 am By Omar Faridi  |  

European lender Bondora notes that the secondary market ended 2021 with a relatively slow December. Bondora writes in an update, dated January 4, 2021, that after picking up slightly again in November, Secondary Market transactions “fell to €250,404” in December 2021. According to Bondora, this… Read More

January 5, 2022 @ 11:19 pm By Omar Faridi  |  

Croatian P2P lender Robo.cash writes that while you’re busy summing up the results of the year, they’ve taken a look back on what December 2021 could be most remembered for. Robo.cash notes that last month, their investors “funded €18 M loans.” The platform’s investor base was… Read More

January 5, 2022 @ 3:15 am By Omar Faridi  |  

AS Mintos Marketplace (Mintos) has shared an update from Lime Zaim, a cooperation partner of Mintos that provides investment opportunities via Mintos.com. On 22 December 2021, Lime Zaim reportedly placed its debut bonds on the Moscow Exchange (MOEX) in the “amount of 300 million rubles.”… Read More

January 4, 2022 @ 11:17 pm By Omar Faridi  |  

David Snitkof, Head of Analytics at Ocrolus, which claims to be the leading document automation platform in financial services, powering the digital lending ecosystem, notes that just over a year ago, he had commented on the state of the automotive lending markets in the US…. Read More

January 2, 2022 @ 4:40 am By Omar Faridi  |  

Kuflink, a P2P UK property investment platform, where they invest with you,  introduced new features and improvements to their platform throughout 2021, doing their best to make your Kuflink experience is “as efficient, and as easy, as possible,” the company wrote in a blog post…. Read More

January 2, 2022 @ 12:13 am By Omar Faridi  |  

The CEOs and team at European online lender October have thanked all their retail lenders and institutional investors, as they closed out 2021. The company has been focused on lending everyday to European SMEs. October writes in a blog post that in 2021, platform users… Read More

January 1, 2022 @ 10:19 pm By Omar Faridi  |  

The team at European lender Bondora notes that 2021 was another “unexpected” year as they’ve learned to “adapt to a new normal.” But from change “comes growth,” Bondora writes in a blog post while adding that they’d like to take the a moment to highlight… Read More

December 30, 2021 @ 11:10 am By Omar Faridi  |  

Earlier this month, the team at digital bank Zopa made an important update regarding the future of their peer-to-peer business. After 16 years of handling P2P investments at Zopa, the team has taken the decision to close down their retail investing business (something similar to… Read More

December 29, 2021 @ 3:55 pm By Omar Faridi  |  

Anil Stocker, CEO at UK-based MarketFinance, a leading online lender that raised £280 million in debt and equity (earlier this year) and was approved for flex loans, notes that for most businesses in the United Kingdom, 2021 presented both opportunities and challenges (and that was… Read More

December 29, 2021 @ 10:56 am By Omar Faridi  |  

Nicholas Harding, Co-founder and CEO at Lending Works, noted that he established the firm with help from Matthew Powell,  Co-founder and CFO, back in 2014. Harding explains that they believed that technology could “transform customer experience in financial services.” Their aim was to “deliver this… Read More

December 29, 2021 @ 6:02 am By Omar Faridi  |  

The team at Fintech Blend notes that as humans, we can’t help but to “celebrate and feel positive in the moments when we finish a task productively.” And yet, for many consumers (and lenders), the completion of the mortgage journey “can still feel somewhat underwhelming,”… Read More