Tagged: lending

May 27, 2021 @ 10:25 pm By Omar Faridi  |  

A lot has changed in the United Kingdom’s mortgage market during the past few months, the team at Landbay. an online finance platform for buy to let mortgages, has noted in a blog post. These changes have had a significant impact on all parties involved,… Read More

May 27, 2021 @ 9:32 pm By Omar Faridi  |  

ThinCats, a UK-based lending platform, had published a blog post earlier this month asking whether historically low insolvency rates are “disguising the real financial health of mid-sized businesses.” The ThinCats team has carefully examined insolvency rates across over 400,000 mid-sized SMEs as part of their… Read More

May 27, 2021 @ 8:57 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, recently shared performance data from the Prosper Portfolio for April 2021. Prosper Performance Update – April 2021: Highlights from the report include: In April, “approximately 78%… Read More

May 27, 2021 @ 8:26 am By Omar Faridi  |  

Gregoire de Lestapis, CEO of October (Spain), a European online lender, recently noted that Spain is a country with many SMEs. Gregoire revealed during a recent interview that Spanish SMEs “account for 99% of the total companies in the country, and 70% of employment and… Read More

May 27, 2021 @ 6:56 am By Omar Faridi  |  

UK-based Blend Network, an online P2P lender, reveals that April 2021 saw the largest monthly rise in United Kingdom’s house prices since February 2004. According to the Nationwide House Price Index, average UK house prices increased by 2.1% in April compared to March after the… Read More

May 25, 2021 @ 11:53 pm By Omar Faridi  |  

Peer to peer lending marketplace Mintos has revealed that they’ve managed to hit a new milestone of 400 000 registered users on the platform during this quarter. For firms worldwide, the past year brought “three new time-frames by which business results are now being classified… Read More

May 25, 2021 @ 7:11 am By Omar Faridi  |  

Despite an unprecedented year in the global financial markets, European peer-to-peer lender Bondora is reporting its 4th straight year of profitability. Some of the main highlights for the Bondora platform during the past year are as follows: Revenue “increased by 5% to €21.4M” Net profit… Read More

May 25, 2021 @ 7:09 am By Omar Faridi  |  

Andres Luts, Chief Credit Officer at EstateGuru, an online lending platform that offers retail investors the ability to back loans secured by property, is responsible for managing the platform’s credit policy across several different European nations. Luis recently talked about EstateGuru’s enforcement proceedings that are… Read More

May 23, 2021 @ 10:38 pm By Omar Faridi  |  

Adam Turman, Developer Support Engineer at Kava Labs, which is focused on “democratizing” financial services and making them more accessible to “anyone, anywhere” across the globe, notes that when Hard Money Market V2 was introduced on April 8, 2021, Binance USD (BUSD) had been the… Read More

May 20, 2021 @ 10:00 am By Omar Faridi  |  

Figure Technologies, Inc., which aims to transform financial services by leveraging the power of blockchain tech, has finalized a $200 million Series D round at a $3.2 billion valuation. 10T Holdings and Morgan Creek Digital have reportedly co-led the investment round. They’ve been joined by… Read More

May 20, 2021 @ 2:12 am By Omar Faridi  |  

Informed.IQ, a tech firm helping financial institutions with instantly and accurately verifying income, assets, residence, and other loan origination data and documents, has reportedly acquired $20 million through a Series A round. The fund raised from the investment round should help Informed.IQ to better address… Read More

May 18, 2021 @ 12:00 pm By Omar Faridi  |  

James Wang, an experienced crypto analyst who says that Ethereum (ETH) could be the “last investment of your life,” points out that the world’s largest smart contract platform isn’t merely a cryptocurrency. Wang explains that Ethereum is a complete software platform with a rapidly increasing… Read More

May 17, 2021 @ 10:52 pm By Omar Faridi  |  

Figure Securities, a division of the digital lending service provider Figure Technologies, has reportedly acquired approval from the US Securities and Exchange Commission (SEC) to serve as a broker-dealer and also operate as an SEC-registered Alternative Trading System for digital securities that are custodied on… Read More

May 16, 2021 @ 7:09 pm By Omar Faridi  |  

LendInvest, a property finance Fintech, notes that embedding technology throughout their lending process has been “key to making your deals complete quicker and more efficiently.” During the past few months, LendInvest has been working on bringing its clients a broker portal that will see the… Read More

May 15, 2021 @ 10:37 am By Omar Faridi  |  

The lending firms on P2P marketplace Mintos are preparing (or have already prepared) and posted their consolidated financial performance reports from last year. The Mintos team notes in a detailed blog post (dated May 13, 2021) that they’re bringing to attention the lending firms, as… Read More

May 14, 2021 @ 7:54 am By Omar Faridi  |  

EstateGuru, a Lithuania-based debt crowdfunding platform, has published its Loan Portfolio Overview Report for April 2021. The report, released on May 14, 2021, notes that April’s financing volume was more than €14 million and the German market has become the primary contributor of new projects… Read More

May 10, 2021 @ 10:57 pm By Omar Faridi  |  

EML Payments Ltd (ASX: EML) (S&P/ASX 200) reports that it remains focused on its evolution as a diversified payments and digital banking enabler. EML supports Fupay’s cash flow management and Millennial credit product (based in Australia). EML has now decided to transition to the next… Read More

May 9, 2021 @ 11:18 pm By Omar Faridi  |  

European peer-to-peer lending platform Bondora recently revealed that it has issued more than €9 million in loans in April 2021, which is reportedly “the highest in 1 year.” The Bondora team writes in a blog post (published on May 6, 2021) that this month, loan… Read More

May 9, 2021 @ 2:17 pm By Omar Faridi  |  

Peer to peer (P2P) lending has been a relatively popular or widely-adopted business model and it has seen many new platforms attempting to offer these types of services, the Debitum team writes in a blog post. However, Debitum, a Lithuanian platform offering borderless SME financing,… Read More

May 6, 2021 @ 10:17 pm By Omar Faridi  |  

Peer to peer lending marketplace Mintos reports that in November 2020, Kviku introduced Forward Flow in Euro on Mintos. Now, the company is pleased to announce that it’s offering Forward Flow also in RUB (the Russian ruble). As noted by Mintos: “Forward Flow is a… Read More