Tagged: lending

December 30, 2020 @ 11:44 pm By Omar Faridi  |  

Peer to peer lending platform Bondora has shared its top highlights for this year. The P2P lender notes that 2020 has turned out “quite differently than many of us expected.” While we all faced many different challenges due to COVID-19, Bondora says it has had… Read More

December 30, 2020 @ 9:47 pm By Omar Faridi  |  

The team at Blend Network, an online peer to peer (P2P) property lending platform, notes in its latest monthly market pulse report that one of the very few, seemingly positive headlines of this year is Britain becoming the first country to license a “fully tested”… Read More

December 30, 2020 @ 8:53 am 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 their performance data from the Prosper Portfolio for November 2020. Last month, around 84% of originations were “rated AA-B compared to 86% in the… Read More

December 30, 2020 @ 1:19 am By Omar Faridi  |  

Qudian Inc. (NYSE: QD), an established technology platform that aims to improve the online consumer finance experience for Chinese consumers, recently released its unaudited financial results for the quarter ending on September 30, 2020. Qudian’s management noted that the total number of registered users “as… Read More

December 29, 2020 @ 11:13 pm By Omar Faridi  |  

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, notes that the standard origination tech stack includes too many tools and systems, “anchored by mortgage loan origination software.” According to Blend,… Read More

December 28, 2020 @ 8:23 am By Omar Faridi  |  

Demand for Fintech services and loans have surged in India this year, according to local news outlet Live Mint. The credit flows of Fintechs and Big-tech firms have increased significantly during the past few years in highly developed countries. Commercial banks have emerged as leaders… Read More

December 27, 2020 @ 9:12 pm By Omar Faridi  |  

Brian Bartaby, CEO at Proplend, a UK-based peer to peer (P2P) lender, has stated that he’s “cautiously optimistic” about how the platform will perform in 2021 after almost managing to reach profitability this year despite COVID-19 related challenges. Bartaby added that Proplend, which mainly focuses… Read More

December 27, 2020 @ 12:43 pm By Omar Faridi  |  

Zopa, formerly a peer to peer lender and now a regulated digital bank, is planning to generate sizable profits in 2021. Jaidev Janardana, CEO at Zopa, will aim to leverage his 15 years+ of experience working in the lending sector to give the platform a… Read More

December 26, 2020 @ 10:00 pm By Omar Faridi  |  

CapitalRise, an online platform for prime property lending and investing, confirmed that it has issued £92 million in loans and is now on track to hit its £100 million lending milestone at some point early next year. This, after seeing a significant increase in demand… Read More

December 20, 2020 @ 11:34 pm By Omar Faridi  |  

Europe-based online SME lender October noted that this year the Christmas holidays will be quite different for everyone. The digital lending platform pointed out that isolation and social distancing will limit the celebrations this holiday season. October also mentioned that for many small businesses, the… Read More

December 19, 2020 @ 5:59 pm By Omar Faridi  |  

Brazilian lending firm Creditas has secured $255 million in capital as Fintech startups across Latin and South America continue to attract large investments. Creditas’ credit portfolio has reportedly surpassed 1 billion reals (appr. $196.66 million) and this latest funding round will value the firm at… Read More

December 18, 2020 @ 8:06 am By Omar Faridi  |  

Peer to peer lending platform Bondora notes in an update post on December 17, 2020 that the normal trend for portfolio returns is to decline over a period of time as more origination payments are missed slightly. But in November 2020, Bondora portfolio returns were… Read More

December 10, 2020 @ 9:26 pm By Omar Faridi  |  

High-performance blockchain platform Ontology has introduced an “Inclusive Pool” – which is the platform’s first (decentralized finance) DeFi product based on OScore. Since recently launching OScore, the “decentralized” credit system implemented on Ontology’s DeID, the team at Ontology has been working towards adding a new… Read More

December 9, 2020 @ 10:30 pm By Omar Faridi  |  

Mexico-based digital bank albo has secured $45 million in capital through an investment round in order to expand its operations into lending and insurance services. Several investors took part in albo’s latest round, including Valar Ventures, Greyhound Capital, Mountain Nazca and Flourish Ventures. The digital… Read More

December 1, 2020 @ 5:00 pm By Omar Faridi  |  

Peer to peer lending platform Bondora notes that getting rich or financially secure might be a goal for everyone, but asks whether your bank account savings can help you achieve your financial goals. Bondora, which claims that over 143,000 individuals have invested more than €391M… Read More

November 29, 2020 @ 11:20 pm By Omar Faridi  |  

Vietnam’s Fintech startup ecosystem has grown significantly between 2017 and 2020, according to a new report. There were 44 Fintech-related startups in the country in 2017 and now there are at least 123 financial technology firms, Fintech News Singapore confirmed. The number of Fintechs operating… Read More

November 26, 2020 @ 4:27 pm By Omar Faridi  |  

Alibaba founder Jack Ma’s plans to establish Fintech companies like Ant Group and launch IPOs in China were recently put on hold when the country’s regulators decided to make updates to regulatory requirements. As reported recently, Daniel Zhang, Chairman of Alibaba Group Holding (NYSE:BABA), noted… Read More

November 26, 2020 @ 3:24 pm By Omar Faridi  |  

SoftBank-backed Fintech firm OakNorth claims that it has been issuing loans at record levels following the COVID-19 outbreak. Established in 2015, OakNorth was recently valued at $2.8 billion and has managed to achieve profitability. This is not too common for many of the firms or… Read More

November 25, 2020 @ 7:29 am By Omar Faridi  |  

Germany-based CrossLend, a platform that provides a digital debt marketplace with a goal to make the global lending and investment ecosystem more efficient, transparent and profitable, is reportedly offering its Europe-based lenders access to its data analytics software free of cost. CrossLend said the tools… Read More

November 23, 2020 @ 8:08 am By Omar Faridi  |  

Four peer to peer lending platforms were recently ranked among the United Kingdom’s fastest-growing tech firms. Big Four auditing company Deloitte’s UK Fast 50 list ranks tech companies based on their overall revenue growth over the last 4 years. As stated on the accounting firm’s… Read More