Tagged: lending

November 22, 2021 @ 3:43 pm By Omar Faridi  |  

European P2P lender Bondora notes that after a “booming” September, where the platform managed to recover over €2.3 million in missed payments, these figures “subsided” during the month of October 2021. As mentioned in a report from Bondora, there was a total of €977,354 that… Read More

November 22, 2021 @ 8:04 am By Omar Faridi  |  

Peru’s Fintech sector has been expanding at a steady pace during the past few years. There are at least 171 Fintechs operating in the country, as of September 2021. These numbers represent a sizable 16% increase from last year, as well as a yearly growth… Read More

November 21, 2021 @ 9:32 pm By Omar Faridi  |  

Southeast Asia-based online financing platform Funding Societies announced earlier this week that it teamed up with MUFG Bank Malaysia, which operates as a subsidiary of Mitsubishi UFJ Financial Group, in order to introduce a Referral Scheme Program exclusively for the banking institution’s corporate customers in… Read More

November 21, 2021 @ 4:07 pm By Omar Faridi  |  

As with any investment, it’s vital to know the different risks involved in peer-to-peer lending before you put up your cash. Equally important is how platforms evaluate, manage, and “present those risks,” according to a blog post published by EstateGuru. As noted by EstateGuru, P2P… Read More

November 20, 2021 @ 1:29 pm By Omar Faridi  |  

Croatian peer-to-peer lender Robo.cash says that P2P loans increase competition with traditional banking. Robo.cash writes in a blog post that European nations with stable and developed economies are leading “in terms of consumer and business lending.” The complete digitalization of the financing process “becomes one… Read More

November 20, 2021 @ 11:30 am By Omar Faridi  |  

IuteCredit has shared its unaudited results for 9M 2021. The firm has released its operational, strategic, and financial highlights along with comments from the company CEO. These details were provided to the AS Mintos Marketplace by IuteCredit, a cooperation partner of Mintos that provides investment… Read More

November 20, 2021 @ 10:30 am By Omar Faridi  |  

European online marketplace lender October notes in a recent blog post that as part of the economic support plan following the Covid-19 outbreak, Bpifrance introduced the digital Prêt Rebond (Rebound Loan) back in in April 2020, in partnership with the French Regions, allowing SMEs of… Read More

November 18, 2021 @ 10:23 am By Omar Faridi  |  

Online lending platform, NewDay, has introduced an instant access digital credit account with flexible repayment terms which are aimed at protecting its business from the competition from Buy Now, Pay Later or BNPL providers. Newpay provides clients with a credit limit of £5,000, which may… Read More

November 15, 2021 @ 9:53 pm By Omar Faridi  |  

The team at UK-based Blend Network has noted that we should focus on getting Britain moving again by improving lending services. UK Prime Minister Boris Johnson’s pledge (a commitment to “Get Britain moving again”) had been made following the end of the first lockdown in… Read More

November 15, 2021 @ 10:50 am By Omar Faridi  |  

European P2P lending platform Bondora notes that for the second straight month, the Secondary Market transactions via the platform have decreased. Bondora wrote in a blog post dated November 15, 2021 that while a total of €311,848 was transacted on the Secondary Market in September… Read More

November 15, 2021 @ 8:55 am By Omar Faridi  |  

Croatian peer-to-peer lender Robo.cash has shared corporate statistics, which highlight the social and geographic shifts of investors and their response to the growing market potential. The Robo.cash platform has “significantly expanded its active investor base in 2021, representing a more than 70% growth,” the company… Read More

November 14, 2021 @ 1:50 pm By Omar Faridi  |  

The team at European online lender October recently revealed that Lot61 had borrowed €465,000 in order to finance an acquisition of part of their business. As mentioned in a blog post, October spoke to the company’s Australian founder Adam Craig about entrepreneurship, growth and “the… Read More

November 14, 2021 @ 10:57 am By Omar Faridi  |  

EstateGuru, an online investment marketplace that matches borrowers to investors with secured debt securities, notes that in October 2021, their investors financed a total of 104 loans, “valued at €16.9M.” Germany, which is EstateGuru’s largest market, “contributed €4.1M, while the largest volume was in Estonia (€6.1M),”… Read More

November 10, 2021 @ 12:08 pm By Omar Faridi  |  

Wing, which is Ontology’s cross-chain DeFi lending platform, has officially gone live on Binance Smart Chain (BSC). Following the integration, millions of decentralized finance users should be able to access modern financial services. As mentioned in an update shared with CI: “Showcasing its status as… Read More

November 9, 2021 @ 8:03 pm By Omar Faridi  |  

SimpleNexus, developer of the homeownership platform for loan officers, borrowers, real estate agents and settlement agents, has announced the launch of Nexus Bilingual, a feature that makes the loan process more accessible to homebuyers who want to communicate in Spanish by obtaining  loan information in… Read More

November 7, 2021 @ 1:21 pm By Omar Faridi  |  

Croatian P2P lender Robo.cash has shared the performance of its loan originators for Q3 2021. The Robo.cash team writes in a blog post, dated November 2, 2021, that today, they’re updating clients on the results of the Robo.cash loan originators in Q3. UnaPay, the Philippines… Read More

November 4, 2021 @ 2:50 pm By Omar Faridi  |  

Online lending platform Jaja Finance Ltd reveals that a consortium of investors, who are led by shareholder KKR and including entities owned by investment funds being managed by TDR Capital LLP, have entered an agreement with Jaja to become majority shareholders of the business. This… Read More

October 31, 2021 @ 5:22 pm By Omar Faridi  |  

Asset managers are set to deploy capital at an accelerated rate, according to an update from European online lender October. Despite the global 2020 Covid-19 outbreak and resulting socioeconomic uncertainty, the asset management sector is going strong, if not stronger, the team at October reveals…. Read More

October 29, 2021 @ 7:25 am By Omar Faridi  |  

After their initial announcement of GoCredit going live on Mintos on August 13, 2021, the team is pleased to confirm that Mintos has “finalized” the Master Trust structure with the lending firm. GoCredit is reportedly the second firm on Mintos (along with Alivio Capital) to… Read More

October 25, 2021 @ 9:42 pm By Omar Faridi  |  

FIS and Money.Jo have teamed up to adapt to significant changes in consumer behavior in the MENA region. Less than a year after establishing business operations in Jordan, Money.Jo (also called Money for Finance) became the nation’s leading consumer loan provider, with €3.9 million in… Read More