Tagged: lending

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

August 24, 2021 @ 2:21 pm By Omar Faridi  |  

Avalanche lending protocol BENQI has reached $1 billion in total value locked (TVL) only a few days after its launch. BENQI, an algorithmic liquidity market protocol, has managed to attract more than $1 billion in total assets to its “decentralized” platform since its launch on… Read More

August 23, 2021 @ 8:17 am By Omar Faridi  |  

European peer-to-peer lender Bondora reports that July brought “yet another month of increased investment” via the platform. Investors that are active on Bondora have “flooded” the platform with €11,628,988 in investments. This is “a steady 7.5% growth rate compared to June,” the company reveals while… Read More

August 21, 2021 @ 11:01 am By Omar Faridi  |  

The team at Robo.cash, a Croatian peer-to-peer lender, has shared insights on different investment approaches. In a new blog post, Robo.cash talks about the liquidity strategy. As explained by the P2P lender,  liquidity is one of the “significant factors” that make assets appealing to investors…. Read More

August 21, 2021 @ 9:55 am By Omar Faridi  |  

The bridging finance sector has changed quite a bit during the past 2 decades. Bridging has gone mainstream and is “constantly growing,” according to an update from Assetz Capital. UK-based Assetz Capital, a marketplace lending platform originating secured loans, notes that in the current  economy, after… Read More

August 20, 2021 @ 3:19 pm By Omar Faridi  |  

Teslar Software, a provider of portfolio management tools that aggregate and automate the lending process and deposit operations for community financial institutions, reveals that it has teamed up with Citizens Bank & Trust in order to enhance lending processes from “beginning to end.” This should… Read More

August 20, 2021 @ 12:00 pm By Omar Faridi  |  

The art and collectible markets are considerably more “liquidity-starved” when compared to the global equity, gold markets, and other assets. And this problem is even more prevalent in the NFT market, which is its early stages of development. It might take a long time to… Read More

August 15, 2021 @ 11:02 pm By Omar Faridi  |  

In June 2021, the team at Bondora, a leading P2P lending platform, had celebrated Go & Grow’s success with more than €10 million invested. And this month in August, they’re celebrating another key milestone: Bondora now has more than 170,000 investors active on its platform…. Read More

August 15, 2021 @ 8:09 pm By Omar Faridi  |  

Prosper, a peer-to-peer 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 July 2021. As noted in the report prepared by Haiyan Huang from Prosper, dated August 13,… Read More