Tagged: lending

December 26, 2021 @ 1:17 pm By Omar Faridi  |  

The team at European online lender EstateGuru notes that during 2021, they have primarily focused on developing their loan origination tech and hiring new loan managers and credit analysts. This has helped them to support the relatively high volume of loan projects while maintaining a… Read More

December 23, 2021 @ 8:13 am By Omar Faridi  |  

Ibancar, the asset based consumer credit platform, has signed its first institutional debt facility “up to an amount of €10m.” The business is scaling quickly in Spain and intends to expand its activity to Mexico as well as introduce other auto-related credit products, according to… Read More

December 23, 2021 @ 1:54 am By Omar Faridi  |  

AI-enhanced credit decision platform provider, Scienaptic AI announced that Ascendus has selected its AI-powered underwriting platform to augment its lending process and “make advanced loan decisions for small and medium sized businesses.” As mentioned in the announcement, Ascendus is a New York-headquartered online business lender… Read More

December 20, 2021 @ 2:32 pm By Omar Faridi  |  

Croatian P2P lender Robo.cash has provided an update on payment dates for long-term loans issued via their platform. Starting from December 16, 2021 (inclusive), investors who have purchased long-term loans “for a period of 90 days and longer will be receiving monthly interest payments every… Read More

December 19, 2021 @ 11:54 pm By Omar Faridi  |  

After two months of declining, Secondary Market activity on Bondora has reportedly picked up again, albeit “with a very slight 2%.” As mentioned in an update from Bondora, a total of €257,149’s worth of transactions “took place in November, compared to €252,126 in October.” Bondora… Read More

December 19, 2021 @ 10:58 pm By Omar Faridi  |  

The British Business Bank has announced an increase to business lender Simply’s ENABLE Funding facility. In total, the facility will reportedly offer £300 million of funding to SMEs across the United Kingdom. This is notably the largest facility under the British Business Bank’s ENABLE Funding… Read More

December 19, 2021 @ 11:41 am By Omar Faridi  |  

Mintos says it’s introducing a “responsible” investing requirement for all automated investments “in line with MiFID II.” The company notes that as investors will be able to invest in Notes in a regulated environment on Mintos, they are introducing “a responsible investing requirement for all… Read More

December 18, 2021 @ 3:30 pm By Omar Faridi  |  

We recently caught up with Roxana Mohammadian-Molina, Chief Strategy Officer at UK’s Blend Network, a specialist development finance lender. Blend Network‘s Roxana Mohammadian-Molina talked about some of the landmark projects that they’ve helped out this year. She also commented on what her team is doing… Read More

December 16, 2021 @ 11:43 pm By Omar Faridi  |  

Haiyan Huang from marketplace lender Prosper has shared performance data from the Prosper Portfolio for November 2021. Here are the key highlights (shared by Prosper) from the report. Performance Update In November 2021, around 62% of loan originations “were rated AA-B.” Average loan size “decreased… Read More

December 14, 2021 @ 9:46 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, has confirmed that KAF, a diversified financial services conglomerate in Malaysia, has chosen the Temenos Banking Cloud to introduce a digital lending business. KAF will reportedly be using Temenos Banking Services for handling retail loans and Islamic financing… Read More

December 14, 2021 @ 8:43 pm By Omar Faridi  |  

SME lending Fintech Tradeplus24 Australia has restructured $25 million of its debt facilities to underpin “the execution of a material debt transaction of over $100 million and reduce its cost of funding by 4%,” according to a note shared with CI. iPartners has secured the… Read More

December 13, 2021 @ 3:28 pm By Omar Faridi  |  

The end of the year 2021 has seen a surge in peer-to-peer investment activity, according to an update from Croatian P2P lender Robo.cash. Robo.cash analysts write in a blog post that the past 3 months of the year “tend to increase P2P investors’ activity.” The… Read More

December 13, 2021 @ 8:02 am By Omar Faridi  |  

European marketplace lender October has reportedly acquired a €30 million commitment from the European Investment Fund (EIF) and the Dutch impact investor Invest-NL in the context of the European Guarantee Fund (EGF) and the Dutch Alternative Credit Instrument mandates. As noted in an update from… Read More

December 13, 2021 @ 8:00 am By Omar Faridi  |  

As we head towards the end of 2021, EstateGuru’s Head of Global sales, Mihhail Onohhov reflects back over the activities of the past year, and he also tries to look ahead to what he expects from 2022. As the person tasked with EstateGuru‘s sales strategy,… Read More

December 12, 2021 @ 2:09 pm By Omar Faridi  |  

UK’s P2P lender Blend Network notes that as we approach the year-end, they wanted to do a “throwback to some of the landmark projects we funded in 2021.” The Blend Network team writes in a blog post that they have shared some of the schemes… Read More

December 8, 2021 @ 2:57 pm By Omar Faridi  |  

Zirtue, the relationship-based lending app with a goal to promote financial inclusion, has  announced the launch of their Alternative Payment Solution for businesses. As mentioned in a release, the solution allows businesses to “utilize Zirtue as a payment option for their customers to pay bills… Read More

December 6, 2021 @ 9:36 pm By Omar Faridi  |  

PeopleFund (CEO Joey Kim), South Korea’s online lending platform focused on consumer loans, announced recently the completion of a KRW75.9 billion (appr. $6.45 million) Series C round of funding raising from international financial institutions – which includes Bain Capital, Lending Ark Asia Secured Private Debt… Read More

December 6, 2021 @ 9:49 am By Omar Faridi  |  

ForwardAI, a Fintech offering aggregated access to accounting & business data and analysis, collaborated with LendIt Fintech, which is focused on innovation in lending and virtual banking, in order to release a whitepaper/survey on how direct data access “improves small business lending.” The report highlights… Read More

December 5, 2021 @ 1:24 pm By Omar Faridi  |  

Croatian P2P lender Robocash has shared the key results for the month of November 2021. Robo.cash writes in a blog post that less than a month before Christmas, they are “pleased to share the platform’s news for November.” The lending platform noted that loans worth… Read More

December 3, 2021 @ 11:51 am By Omar Faridi  |  

Zest AI, a key provider of software for AI-driven lending, has announced that Blue Federal Credit Union has selected Zest in order to help it deliver faster and more accurate loan decisions “across the credit union’s auto, credit card, and personal loan portfolios.” As mentioned… Read More