Tagged: lending

January 14, 2016 @ 6:09 am By Erin Hobey  |  

Funding Circle posed the question on its blog, “Did You Help 146 Businesses Access Finance Last Week?” While many readers were still on holiday, during the week of 4 – 8 January, it was back to business for fintech and the crowdfunding sectors!  Funding Circle investors… Read More

November 24, 2015 @ 10:39 am By Samantha Hurst  |  

On Tuesday, small business lending platforms Dealstruck and Lendio, announced the release of their joint eBook, “Small Business Lending in the Digital Age,” which focuses on strengths, weaknesses, and projections regarding the online small business lending industry. Ethan Senturia, CEO of Dealstruck, stated: “Small businesses are the backbone of… Read More

November 23, 2015 @ 2:40 pm By Samantha Hurst  |  

Fundera, an online marketplace for small business loans, announced on Monday the release of its new report on the State of Online Small Business Lending. The platform believes that this new document shows its dedication to transparency in the alternative lending sector. The report was… Read More

November 13, 2015 @ 11:36 am By Samantha Hurst  |  

Biz2Credit, an online platform for small business funding, released its October small business lending index that showed the highest spike in big bank lending since the Great Recession. The company shared the monthly analysis of 1,000 loan applications revealed continued growth for institutional lenders and big banks,… Read More

October 21, 2015 @ 1:42 pm By Samantha Hurst  |  

Lend Academy Holdings, a media, conference and technology business focused on the global online lending industry, recently announced it has launched LendBase, an information tool for the peer-to-peer and online lending community. LendBase is a free, open database containing valuable information about nearly every aspect… Read More

October 21, 2015 @ 11:16 am By Samantha Hurst  |  

This week, Platform Black announced it has funded over £100 million in invoices for UK SMEs. The provider of alternative finance has reached this milestone in just three years since the company’s inception, an achievement which highlights the soaring demand from UK businesses for access to… Read More

September 17, 2015 @ 2:03 pm By Samantha Hurst  |  

Avant, a fast-growing marketplace lending platform, announced on Thursday that it is expanding to Canada, the company’s newest international market. Headquartered in Chicago, Avant has empowered more than 300,000 consumers in the United States and United Kingdom. The recent launch of AvantCredit in Canada will bring… Read More

September 17, 2015 @ 10:12 am By Samantha Hurst  |  

Intuit Inc. (NASDAQ:INTU) is partnering with OnDeck  (NYSE: ONDK), a leading platform for small business loans, to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans. This first-of-its-kind financing solution enables small businesses to use their QuickBooks… Read More

August 13, 2015 @ 10:24 am By Samantha Hurst  |  

Small business loan approval rates through institutional investors and alternative lenders remained higher than any other category in July 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications on Biz2Credit.com. Both categories approved approximately 61% of Biz2Credit’s total… Read More

August 11, 2015 @ 11:17 am By Erin Hobey  |  

  Ablrate, a UK peer-to-peer lending platform that offers investors access to asset-backed loans against aircraft transactions, has announced a partnership with The Just Loans Group PLC to provide commercial property-backed investment options on the Ablrate platform. “This collaboration represents a fantastic way for Ablrate’s… Read More

July 23, 2015 @ 10:12 am By Erin Hobey  |  

Capify, formerly AUSvance, will serve as an international conglomerate provider of unsecured alternative finance solutions to SMEs. Capify,  powered by a proprietary technology and analytics platform, today announced its global rebrand aiming to become the most diverse, worldwide alternative SME financing platform. Headquartered in the… Read More

June 12, 2015 @ 8:14 am By JD Alois  |  

The Moneywise Custome Service Awards 2015 took place this week.  Described as the “authoritative stamp of approval by the UK consumer” recognition is given to financial service firms for providing exemplary service to their customers.  In recent years as finance has altered direction and moved… Read More

May 28, 2015 @ 7:00 am By Erin Hobey  |  

LendKey Grand Slam: Hits 35,000 Customers, Expands Management Team, $8M venture debt line from Silicon Valley Bank and Raises Additional $125M Commitment From Network of Credit Unions LendKey, the Lending-as-a-Service platform that connects borrowers with credit unions and banks, today announced several key growth milestones. The… Read More

April 2, 2015 @ 3:15 pm By Erin Hobey  |  

Regulation has provided the injection the Peer-to-Peer (P2P) industry needed to take off, according to RateSetter CEO, Rhydian Lewis. As the P2P platform celebrates almost £122 million in loans during Q1 and a year as “number one,” RateSetter cites regulation as a crucial turning point for… Read More

March 20, 2015 @ 10:00 am By Samantha Hurst  |  

Research and Markets has announced the addition of the “US Alternative Lending Market Report: Peer-to-Peer (P2P) and Online Platform-based Business (OPB) Lending” report to their offering. The future of alternative lending is looking bright in the US. Non-traditional alternative lending has grown rapidly in the last few… Read More

January 27, 2015 @ 7:18 am By Midori Yoshimura  |  

A “last-minute business opportunity” is why an 18-karat white gold bracelet, diamond weight approximately 19 carats, was taken off its owner’s wrist and housed in a highly secure vault or with Citibank or Malca-Amit—temporarily. But jewelry and diamonds are only one type of high-class goods… Read More

November 21, 2014 @ 2:07 pm By Samantha Hurst  |  

RateSetter is celebrating yet another huge milestone! The UK-based peer to peer lender announced this week that it has officially hit £400M. The platform, which launched in September 2010, enables lenders to get fair returns while cutting the cost of borrowing. Capital is at risk. Lenders and… Read More

November 10, 2014 @ 5:08 pm By Samantha Hurst  |  

Miami-based advisory firm, Ethos Private Wealth, announced that it has partnered with online peer lending platforms and industry executives to launch the Treasury Income Strategy. This turnkey marketplace lending platform is built for banks seeking low duration instruments with attractive yields for their excess treasury cash…. Read More

April 14, 2014 @ 2:02 pm By Charles Luzar  |  

Lending Club CEO Renaud Laplanche spoke with The Street recently about Lending Club’s growth and long-term goals as a platform. He didn’t shy away from the platform’s ultimate goal, which is to disrupt and bring increased efficiency to the banking sector. He also spoke briefly… Read More

April 7, 2014 @ 10:44 am By Charles Luzar  |  

Lending Club will make a change to their platform that will result in the removal of daily loan origination data across the platform. They’ll instead opt to share data on a quarterly basis. The announcement came via Lending Club’s blog… Instead of posting new issuance… Read More