Tagged: loans

Biz2Credit’s Latest Small Business Lending Index Reveals: Big Banks’ Small Business Loan Approvals Continue to Rise By Reaching New Record High in November 2019

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Biz2Credit announced on Tuesday the release of its latest Biz2Credit Small Business Lending Index, which revealed that the approval percentage fo small business loan applications at big banks (which are $10 billion+ in assets) inched up one-tenth of a percent to reach 28.1% in November… Read More

PeerStreet’s New Milestone: Achieves $3 Billion In Loan Transactions

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PeerStreet, a leading platform for investing in real estate backed loans, announced last week that more than $3 billion in loans have been transacted through its marketplace portal since its launch. The latest milestone comes just one month after PeerStreet secured $60 million through its… Read More

Celsius Network is Using Fireblocks’ Enterprise Platform to Secure Over $400 Million in Digital Assets

Fireblocks, an enterprise platform for securing crypto-assets “in transit,” revealed on November 19 that, Celsius Network, an established provider of interest income and cryptocurrency-based loans in more than 150 jurisdictions, is using Fireblocks, in order to safeguard more than $400 million in assets and 49,000… Read More

Update: CreditSpring Completes Seedrs Round With More Than £1.5 Million Secured

Creditspring, a UK-based subscription-based loan membership platform, has officially closed its equity crowdfunding campaign on Seedrs. The company completed the funding round with a total of £1,571,666 secured. Through the initiative, which was launched in August, CreditSpring offered 13.30% in equity at a £9,780,000 pre-money… Read More

Kiva Deploys $1 Billion to Female Entrepreneurs Around the World; Partners With PepsiCo Foundation to Call on New & Existing Lenders To Build On Progress

Kiva, a crowdfunding platform dedicated to connecting people through lending, announced on Monday it has deployed $1 billion in loans to female entrepreneurs around the globe. Kiva reported that its goal is to create a more connected and inclusive financial system that empowers all individuals… Read More

Overfunding: Subscription-Based Loan Membership Platform Creditspring Surpasses £1.5 Million Funding Target on Seedrs

Creditspring, a UK-based subscription-based loan membership platform, has successfully secured its initial £1.5 funding target through its equity crowdfunding campaign on Seedrs. The funding round was launched in August, with the company offering 13.30% in equity at a £9,780,000 pre-money valuation. As previously reported, Creditspring’s… Read More

LendingPoint Completes $178 Million Inaugural Personal Loan Securitization

LendingPoint announced on Wednesday it has closed its inaugural securitization of consumer loans. The company reported that the securitization, LendingPoint Receivables Trust 2019-1 (LDPT2019) issued a total of  $177.85 million of notes backed by a pool of $187.22 million of direct-to-consumer loans originated on the… Read More

MPOWER Financing Secures $100 Million Loan Facility From Goldman Sachs

MPOWER Financing, a U.S. fintech that provides educational loans to international and DACA students, announced on Tuesday it secured a $100 million loan facility from Goldman Sachs. According to MPOWER, the latest facility brings the total loan financial capital to $200 million. Founded in 2014,… Read More

Monzo Announces Launch of Flexible Loans

UK challenger bank Monzo announced on Thursday the launch of its flexible loans. The startup reported that over the past nine months it has gradually been offering loans to more and more of its customers to make sure its system was to “get it right.”… Read More

Celsius Network to Now Offer Loans in Euro & Stablecoins to Spain-Based Users

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Tuesday it started offering cash and stablecoin loans to users in Spain. Accoridng to the platform, the loans are starting at just 4.95% per year and are claimed to represent the lowest cost available anywhere… Read More

Subscription-Based Loan Membership Platform Creditspring Now Seeking £1.5 Million Through Equity Crowdfunding Round on Seedrs

Creditspring, a UK-based subscription-based loan membership platform, is now seeking £1. 5 million through its equity crowdfunding campaign on Seedrs. Founded in 2016, Creditspring’s goal is to empower hardworking people to transform their lives through access to responsible credit. “40% of the UK population has… Read More

College Ave Student Loans Is Now Offering Special Graduation Loan For Harvard Law School Students

Student loan marketplace, College Ave Student Loans, announced on Monday it is offering a special graduate loan for Harvard Law School students through its new program, College Ave Harvard Law Program, which offers one low fixed rate (5.695% APR). “The College Ave Harvard Law Program loan… Read More

Funding Circle Partners With Aviva Finans AB to Pledge €50 Million Towards Funding Loans For German & Dutch Small Businesses

Online lending platform Funding Circle announced last week it has partnered with Aviva Finans AB to pledge €50 million towards funding loans for German and Dutch small businesses. According to Funding Circle, the investment agreement facilitates the initial €50 million in small business loans over… Read More

SALT Teams up With NODE40 To Offer Fiat Loans For Masternode Owners

SALT, a crypto-collateralized online lending platform, announced on Wednesday it has formed a new partnership with NODE40, a blockchain masternode hosting and monitoring provider. SALT reported that through the collaboration it will provide expanded loan options for DASH masternode owners in tandem with the Dash community’s… Read More

Fintech Startup EarnUp Surpasses $10 Billion in Loans Manage Platform

EarnUp, a fintech startup that offers a consumer-first platform for automating loan payments, announced on Wednesday it has surpassed $10 billion in loans managed through its platform.  Launched in 2017, EarnUp Revealed it is looking to help consumers stay on track in making loan payments… Read More

Real Estate Crowdfunding Platform PeerStreet Expands Product Line By Launching Residential for Rent Loans

Real estate investment platform PeerStreet announced on Wednesday the launch of a new loan product for private lenders: Residential for Rent loans. According to PeerStreet, Residential for Rent loans have a 30-year term so borrowers can secure long-term financing for residential rental properties.  PeerStreet reported that… Read More

RealtyMogul Sells Machine Learning & Artificial Intelligence Loan Underwriting Tool to Hunt Real Estate Capital

Real estate crowdfunding platform RealtyMogul announced on Monday it has sold a machine learning and artificial intelligence loan underwriting tool to Hunt Real Estate Capital. According to RealtyMogul, Hunt Real Estate Capital plans to deploy the tool across its commercial real estate lending business. While sharing details… Read More

Lendio Provides More Than 5,000 Kiva Loans to Support Women-Owned Businesses (Infographic)

U.S.-based online lending platform Lendio announced on Wednesday it has donated more than $130,000 to underserved business owners nearly 80 countries through Kiva microloans. According to Lendio, the donations were given through continued efforts to support business growth around the world, the Lendio Gives program has funded more than 5,000… Read More

CommonBond Completes Another AAA Securitization of $399.2 Million In Total Loans

CommonBond, an online lending platform servicing the student loan market,  announced on Thursday it has completed another securitization of $399.2 million in total loans. According to CommonBond, the securitization received AAA ratings from Moody’s and DBRS. The transaction was the lender’s eighth and brings its total securitized loan… Read More

OnDeck to Offer Equipment Finance Loans to Select U.S. Small Businesses

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday it is set to offer equipment finance loans to select U.S. small businesses next year, bringing its technology and digital lending expertise to what it believes has traditionally been a slow-moving, opaque, and… Read More

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