Tagged: loan

White Label Loan Origination Platform Insikt Completes $26 million Social Bond Securitization With Amalgamated Bank

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INSIKT (pronounced “in-seekt”), a Lending as a Service (LaaS) company, announced on Thursday it has closed a private social impact bond issuance of $26 million as part of its mission to accelerate financial inclusion in America and invest capital into its low-income communities. Insikt reported that… Read More

Wefunder Crowd Pours Funding into Oakland’s Crooked City Cider Campaign

Oakland’s first cider since the prohibition,  has linked with Wefunder to raise a minimum of $100K; to date over 117 investors have poured in more than $52,900 into the campaign; the company has planned a special cider to celebrate the milestone. Every investor who invests… Read More

No Cone-endrum Here: Boardwalk Hospitality Scoops the Wefunder Crowd to Open Venice Beach Ben&Jerry’s

I scream, you scream, we all scream for Ben & Jerry’s. Make mine Chunky Monkey with chocolate sprinkles in a sugar cone. Wait, there isn’t a Ben & Jerry’s on Venice Beach Boardwalk yet?  Cone-endrum solved: Boardwalk Hospitality will fill the void, given the Wefunder crowd overwhelming… Read More

FINRA Approved Funding Wonder Announces First Loan Offering

Online lending crowdfunding portal Funding Wonder announced on Thursday the launch of its first loan offering which is dedicated for Annapolis, Maryland Dental Fix Rx franchisee, Ryan Clark. This news comes just a few months after the platform was approved by the Financial Industry Regulatory… Read More

Money360 Funds $8.3 Million Bridge Loan for Jacksonville, Illinois Retail Center

Commerical real estate marketplace lending platform, Money360, announced on Wednesday it has provided a bridge loan to the owner of a retail center in Jacksonville, Illinois. According to Money360, the $8.3 million loan is allowing the borrower to pay off a maturing loan on the Lincoln… Read More

Brief: Money360 Provides $6M Permanent Loan to Texan Property

Real estate marketplace lending platform Money360 announced earlier this week it has provided a $6 million permanent loan for the refinancing of a single-tenant industrial building that is located in Bryan, Texas. According to the lending portal, the new permanent loan will allow the borrower to… Read More

Singapore’s Silver Bullion Debuts One-Month Bullion Secured P2P Loans

On Wednesday, Singapore-based bullion retailer, Silver Bullion Pte Ltd., announced the launch of its 1-month bullion secured peer-to-peer(P2P) loans. Silver Bullion previously offered loan durations of 6 months, 12 months and 24 months secured by physical gold and silver collateral stored in its vault, The Safe… Read More

On Hold: Online Lender Elevate Postpones IPO Pricing Due to Difficult Market Conditions

Online lender Elevate Credit Inc. has postponed its initial public stock offering due to difficult market conditions, reported the Wall Street Journal. The firm was slated to price its initial public stock offering Thursday. Based in Fort Worth, Texas, Elevate Credit makes unsecured personal loans to subprime borrowers. In 2014, Elevate was spun out… Read More

The Next Unicorn On The Horizon: SalaryFinance, According To Former UK Head Of Google Founder

Former UK head of Google, Dan Cobley, sees a unicorn–a $1.5 billion-turnover success story–in his co-founded startup SalaryFinance, for which he left Google last year. According to Business Insider, Cobley said that SalaryFinance would “be talked about in some of the same sentences as unicorn businesses over… Read More

Open Energy Announces Launch of New Solar Loan Web Platform

Open Energy, a debt finance firm that provides solar project loans to solar developers and project owners through its unique marketplace lending model, today announced the launch of its new online platform, designed to streamline the loan application process. This is considered the first comprehensive… Read More

Singapore’s Silver Bullion Launches Bullion-Backed P2P Loan Platform, Among World’s First

    Would a “Safe Room,” a storage facility filled with 80 tonnes of silver and a tonne of gold, worth about S$120 million total, increase your confidence about participating in a peer-to-peer loan platform? Silver Bullion, a Singapore-based bullion retailer, is counting on it. The company just launched… Read More

Caregiver Mortgage Helps Relatives Crowdfund Home Equity Lines of Credit

A new type of mortgage launched by National Family Mortgage, a Massachusetts-based marketplace for peer-to-peer loans, is offering a homeowner’s own family, rather than a bank, the chance to receive tax-free cash borrowed against a home equity line of credit (HELOC), according to a recent story in the Washington Post…. Read More

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