Tagged: lending

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

May 6, 2021 @ 9:27 pm By Omar Faridi  |  

Croatia’s Robo.cash, a peer-to-peer lending marketplace, reveals that it has wrapped up another successful month for the platform. The Robo.cash team has shared key highlights from last month’s performance (April 2021). The P2P lender reveals that loans worth €8.8 million were funded via its platform… Read More

May 3, 2021 @ 11:45 pm By Omar Faridi  |  

China-based MYbank, an online private commercial bank and an affiliate of the Ant Group with a special focus on working with rural areas and SMEs, has revealed that it will be doubling the number of rural counties it serves in the coming years. MYbank and… Read More

May 2, 2021 @ 10:07 pm By Omar Faridi  |  

Hong Kong-based digital banking challenger ZA Bank has revealed that it’s providing a financing guarantee facility of as much as HKD 18 million (appr. $2.32 million). The plan is referred to as the “ZME $18M Loan.” The new product is described as a business revolving… Read More

April 30, 2021 @ 11:07 am By Omar Faridi  |  

Proptech platform LendInvest notes that its founders began operations in response to a UK mortgage market that’s “fundamentally broken.” The LendInvest team points out that for many years, it’s been a market mostly dominated by banking institutions, and acquiring a mortgage can be one of… Read More

April 27, 2021 @ 7:05 am By Omar Faridi  |  

European peer-to-peer lending platform Bondora recently shared details regarding its 2020 portfolio performance. The Bondora team notes that after remaining quite steady at 17.4% for two straight months, the 2020 return rate for originations increased “ever so slightly to 17.5% in March.” The P2P lender… Read More

April 27, 2021 @ 6:59 am By Omar Faridi  |  

UK-based Blend Network, an online P2P lender, reveals that the average UK house prices “grew by 5.7% year-on-year in March.” Blend Network added in its latest property market report that activity has slowed down from December 2020’s 6-year high growth of 7.3% year-on-year. But price… Read More

April 25, 2021 @ 6:15 pm By Omar Faridi  |  

Blaine Malone, Senior Security Engineer at digital asset firm Kraken, notes that he joined Gemini in March 2020 when New York had closed due to the COVID-19 outbreak. Malone adds that luckily, he got the chance to spend a day in the office, however, he’s… Read More

April 25, 2021 @ 2:26 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, reveals that March 2021 was a “challenging” month for the platform but the team still reportedly managed to achieve several key milestones. Debitum writes in a blog post update that at the end of March 2021, the… Read More

April 23, 2021 @ 6:06 pm By Omar Faridi  |  

Philippines-based Uploan, an established provider of salary-linked financial services, has reportedly acquired a senior secured loan of $15 million from UK’s Lendable, a provider of debt to Fintech firms in emerging or developing markets. The long-term facility should help Uploan with expanding its existing loan… Read More

April 23, 2021 @ 8:04 am By Omar Faridi  |  

UK-based Fintech company Fintern has secured £32 million in funding in order to expand access to affordable loans in the United Kingdom. On the back of their official launch last month, the London-headquartered startup has confirmed that it raised £32 million in equity and debt… Read More

April 23, 2021 @ 7:56 am By Omar Faridi  |  

European online lender  October says its always looking for and finding ways to empower businesses by simplifying and “democratizing” their funding. Since 2014, October has been helping SMEs in five different countries, becoming one of the leading small business lending platforms in Europe. October confirms… Read More

April 20, 2021 @ 8:23 am By Samantha Hurst  |  

  Bespoke Financial, a U.S.-based fintech that provides debt financing to cannabis companies, announced on Tuesday it raised $8 million through its Series A funding round, bringing the company’s total funding to date to over $28 million. According to Bespoke, the investment round was led… Read More

April 19, 2021 @ 6:32 pm By Omar Faridi  |  

Decentralized finance (DeFi) requires a more reliable credit scoring system, however, we need to be cautious, according to Ontology (ONT) Founder, Li Jun. Jun explains that credit scores have been “a cornerstone of risk evaluation in the global banking systems for decades.” He adds that… Read More

April 18, 2021 @ 12:43 pm By Omar Faridi  |  

Digital lending software provider Blend Labs, Inc. revealed on April 15, 2021, that it has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of its common stock. As… Read More

April 15, 2021 @ 7:04 am By Omar Faridi  |  

March 2021 was an “incredibly” successful month for recoveries at peer to peer lending platform Bondora. The European lender managed to reach a record-level of “cash recovered on the month: €1,255,538.” This is reportedly the first time that Bondora has passed the €1M mark. Bondora… Read More

April 13, 2021 @ 8:48 am By Samantha Hurst  |  

LenderClose, a U.S.-based proprietary, real estate and home equity-focused lending platform, announced on Tuesday it has appointed Stefanie Rupert to its Board of Directors. LenderClose reported that Rupert will serve on LenderClose’s board of directors alongside Jordan and Samantha Paxson, Chief Experience Officer at CO-OP Financial Services; Nick… Read More

April 12, 2021 @ 10:39 pm By Omar Faridi  |  

Just six months into its launch, Maybank SME Digital Financing has reportedly cleared RM1 billion (appr. $240 million) worth of financing, serving over 8,200 SMEs, of which around 85% or 6,950 are startups and micro-enterprises based in Malaysia. Maybank stated that all applications that were… Read More

April 12, 2021 @ 8:43 am By Omar Faridi  |  

EstateGuru, an Estonia-based peer-to-peer lender facilitating secured loans, notes that in March 2021, their investors were able to finance €21.5M worth of loans which is “a new record” on their platform. The German market was notably the largest contributor with €8,3M, followed by Estonia with… Read More