Tagged: lending

September 16, 2021 @ 2:26 pm By Omar Faridi  |  

Prosper, a marketplace lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of August 2021. As noted in the report prepared by Haiyan Huang from Prosper, dated September 15,… Read More

September 16, 2021 @ 7:54 am By Omar Faridi  |  

ForwardAI, a Fintech firm offering aggregated access to business and accounting data and analysis, has introduced PreciseMatch, which is described as an intelligent transaction mapping technology that “automatically cross-validates accounting systems with synced banking accounts, allowing for smarter, more efficient small business lending decisions.” Banking… Read More

September 13, 2021 @ 8:35 pm By Omar Faridi  |  

Egypt-based Kashat, a microloan services platform, has acquired $1.75 million in capital as part of a bridge round, according to a report from Magnitt. Kashat’s investment round has been led by VC fund Launch Africa Ventures, and also included contributions from regional investors, the report… Read More

September 13, 2021 @ 3:11 pm By Omar Faridi  |  

Hoard Exchange, which aims to facilitate “true ownership” of virtual game assets on Ethereum,  is a fast-growing non-fungible token (NFTs) marketplace that was introduced back in 2018. The platform was initially developed as a reliable blockchain or distributed ledger tech (DLT) network. The community members… Read More

September 13, 2021 @ 7:51 am By Omar Faridi  |  

Stockholm-headquartered Qred, a small business lending service provider, has reportedly received a substantial investment from Nordic Capital. Although the exact amount invested has not been shared publicly, Sweden’s Breakit.se reveals that Nordic Capital may have invested just over half a billion kronor (appr. €49 million)… Read More

September 12, 2021 @ 9:34 pm By Omar Faridi  |  

UK-based Kuflink, a platform that connects borrowers with lenders, by providing a steady flow of accessible finance and competitive interest rates, reveals that new features have been added for September 2021. The Kuflink technology team continued to work to bring updated features for September 2021… Read More

September 12, 2021 @ 8:30 pm By Omar Faridi  |  

The team at Lithuania’s Debitum, a borderless financing platform, has shared important information for their investors, the company’s Financial report Q2, 2021. As noted in a blog post by Debitum, the document presents the financial and business performance of the SIA DN Operator (the platform… Read More

September 12, 2021 @ 11:47 am By Omar Faridi  |  

European P2P lending service Bondora reveals that during the month of August 2021, there were 2,155 new investors that joined their platform, bringing the total number of investors to 172,809 individuals. More than €472M has now been invested via Bondora, and investors have earned over… Read More

September 7, 2021 @ 2:59 pm By Omar Faridi  |  

Trade Ledger, an international digital lending platform, has teamed up with ScotPac, Australia and New Zealand’s biggest non-bank SME lender, in order to develop an origination and underwriting experience for business funding. As mentioned in a release, the partnership demonstrates the scope of the Trade… Read More

September 7, 2021 @ 8:36 am By Omar Faridi  |  

European P2P lender Mintos reveals that it has reached another key milestone with EUR 7 billion of loans now funded via its platform. The Mintos team writes in a blog post, dated September 6, 2021, that it’s been a year of milestones for them, and… Read More

September 5, 2021 @ 5:21 pm By Omar Faridi  |  

During this month’s installment of “Did you know” by P2P lender Blend Network, they’re sharing some of the “secrets” of their due diligence and underwriting process so that you get to know more about the processes they go through to “ensure that you and hundreds… Read More

September 5, 2021 @ 9:13 am By Omar Faridi  |  

Lending platform RateSetter’s pre-tax losses have reportedly doubled in its last year operating as a P2P lending platform. This, according to the service provider’s annual accounts. The consumer lending business, which has been acquired by Metro Bank, noted that it recorded a £22.3 million lost… Read More

September 1, 2021 @ 8:25 pm By Omar Faridi  |  

Milo, a venture-backed Fintech company that offers direct lending mortgage solutions for foreign nationals, has unveiled a new broker channel for wholesale mortgage partners throughout the US. As mentioned in a release: “With a complete, online lending solution, Milo brings more than 50 years of… Read More

September 1, 2021 @ 5:20 pm By Omar Faridi  |  

Kava Labs, an open-source and non-custodial developer of financial products and services for decentralized finance (DeFi), reveals that it has launched its latest platform project, Kava Swap. As mentioned in a release, Kava Swap is a cross-chain Autonomous Market Making (AMM) protocol specifically developed to… Read More

August 29, 2021 @ 11:34 pm By Omar Faridi  |  

European P2P lender Bondora reveals that returns are holding steady. Investor returns via the platform for 2021 originations were “higher in July compared to June,” the company noted in a recent update. Here are the key takeaways for July 2021’s portfolio performance (as shared by… Read More

August 28, 2021 @ 2:48 pm By Omar Faridi  |  

Peer-to-peer lender Robo.cash notes that depending on the loan maturity, you can either stick to an “urgent liquidity strategy” or “wait for your passive income.” According to the Croatian P2P lending platform, a third option is also possible. For instance, you may divide an investment… Read More

August 27, 2021 @ 11:37 am By Omar Faridi  |  

i2c Inc., a provider of virtual payment and banking tech, reveals that it has teamed up with Credijusto, a technology-enabled SME lender in Mexico. Through the partnership, the firms will offer seamless credit services for the nation’s SMBs via the Covalto American Express credit card… Read More

August 26, 2021 @ 11:17 pm By Omar Faridi  |  

This month in August 2021, five years after issuing their very first loan to an SME borrower in Singapore, the Validus team reports reaching a notable milestone of cumulatively having financed over SGD 1 billion in SME loans via the Validus marketplace. As they look… Read More

August 26, 2021 @ 8:41 am By Omar Faridi  |  

BNPL Pay, a “decentralized” lending protocol that “puts credit in the hands of those who need it the most (users without capital), says that it aims to address the problems presented by uncollateralized borrowing through their “novel” design of “a decentralized network of banking nodes.”… Read More

August 24, 2021 @ 10:44 pm By Omar Faridi  |  

Global AI-enhanced credit decision platform provider, Scienaptic AI, has revealed that Cooperative Teachers Credit Union (CTCU) has chosen its AI-based platform, allowing the credit union to make “stronger, faster” credit decisions and provide improved financial options for its members. As noted by Scienaptic AI‘s developers:… Read More