Tagged: loans

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

Money360 Milestone: Surpasses $1 billion in Loans Originated & Closed

Money Benjamin Dollars 100

Real estate marketplace lender Money360 announced on Monday it has surpassed $1 billion in loans originated and closed since inception. The announcement comes just 11 months after the lending platform revealed it had hit $500 million. Launched in 2014, Money360 is described as a vertically-integrated, nationwide… Read More

Blockchain-Backed Loans Provider SALT Adds Litecoin to Platform

SALT, a U.S.-based Blockchain-Backed Loans provider for cryptocurrency holders, announced on Thursday it has updated its platform to include peer-to-peer cryptocurrency, Litecoin. This news comes just days after SFOX added the crypto to its cryptocurrency prime dealer platform.  Founded in 2016, SALT launched its lending platform in… Read More

SoFi Forms New Partnership With Kukun to Help Homeowners Understand the Remodeling Cost

On Tuesday, online lending platform SoFi announced it has formed a new partnership with home improvement platform Kukun to offer advanced new tools to help homeowners gain a greater understanding of how much their home improvement project could cost and how it can affect the resale value of… Read More

Russia’s Sberbank Now Offering Loans Without Proof of Income Through New Pilot Project

Russian bank Sberbank announced last week the launch of its new pilot project that will allow loans to be issued without proof of income. The bank reported that up to RUB 300,000 will be given per loan. Speaking about the project, Sergey Shirokov, Managing Director… Read More

Robo.cash Founder Sergey Sedov: 26M Euro Loan Milestone, New Research P2P Lending & Peer-to-Portfolio Update

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Over 26 million euro loans were financed through the European P2P platform Robo.cash in first eight months in 2018, notably 223% more than in the same period a year earlier. Operating according to the ‘peer-to-portfolio’ model, Robo.cash seeks to bring together private investors and legal… Read More

SolarisBank Teams Up With CrossLend For Fully Automated Loan Securitization

Germany-based banking platform SolarisBank announced on Tuesday it has formed a strategic partnership with digital marketplace for European loans CrossLend for fully automated loan securitization. According to SolarisBank, the partnership will allow the bank group to establish a so-called ‘Balance Sheet Light’ model, with loans being generated in… Read More

Starling Bank Debuts First Personal Loan Products Offering Up to £5,000

Digital challenger bank Starling Bank announced on Thursday the launch of its first personal products. This news comes just after Starling Bank launched its Banking-as-a-Platform APIs to allow businesses to offer their own unique retail banking payments services, including card issuing as an API. According… Read More

LendInvest Product Changes: Removes Debenture & Reduces ICR Assessment Rates For Buy-to-Let Loans

UK-based marketplace platform for mortgages LendInvest recently announced it has removed its debenture and floating charge to its Buy-to-Let (BTL) loan product. The online lender reported that it will no longer require a debenture or floating charge on limited company applications. According to LendInvest, as part of its… Read More

Harmonic Fund Services Goes Live With Finastra For Loan Servicing

Harmonic Fund Services has gone live with Finastra’s Fusion Loan IQ solution. The independent fund administration and alternative asset fund servicing firm will reportedly leverage Finastra’s platform to provide a new loan administration and agency service to its diverse alternative investment funds client base. While sharing… Read More

Lending Express Opens Shop in Silicon Valley & Adds Moshe Kazimirsky to Team

Lending Express, an AI-powered marketplace for business loans, has opened a new Silicon Valley office in San Mateo, as well as the appointment of Moshe Kazimirsky to VP of Strategic Partnerships and Business Development to support the West Coast team. The announcement comes on the… Read More

Sberbank Offers More Than RUB 535 Billion in Loans to Russian SMEs Since Start of 2018

Sberbank announced on Thursday it has extended more than ₽535 billion in loans to SMEs since the start of 2018. The bank reported that over the first four months of 2018, lending to SMEs increased by 74.4% vs. the same period in 2017. “Sberbank has… Read More

PeerStreet Milestone: Funds One Billion in Loans

PeerStreet, an online platform for investing in real estate backed loans, announced on Wednesday that one billion in loans have been funded through its marketplace since launch. This announcement comes after the investment portal announced the close of its $30 million Series B last month. PeerStreet reported that… Read More

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