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
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
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
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
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
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
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
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 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, 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 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, 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
On Thursday, BBVA announced it has teamed up with Indra to complete its first global corporate loan transaction using blockchain technology. According to BBVA, the pilot enabled the closing of a €75 million loan using a solution it developed based on distributed ledger technology (DLT). For… Read More
Mintos, an online marketplace that provides individuals with a simplified way to invest in loans originated by a variety of alternative lending companies, announced on Wednesday that fintech firm ID Finance has further diversified investment opportunities on the Mintos marketplace by launching personal loans listed in… Read More
dv01, the data management, reporting, and analytics platform that offers institutional investors transparency and insight into lending markets, announced on Friday it participated in its first mortgage securitization and acted as loan data agent for CSMC 2018-RPL2, a securitization of $275 million re-performing loans serviced by… Read More
On Thursday, fintech startup SuperMoney announced its loan offer engine has processed more than $500 million in loan requests since its launch in April 2017. The company, which was founded in 2013, states it is making personal finance “fun and accessible” by building a community… Read More
BBVA Compass, the U.S. subsidiary of the global financial services group BBVA, announced on Monday it is now offering near-instantaneous decisioning and potential same day funding for both customers and non-customers with the footprint wide opening of the fully digital BBVA Compass Express Personal Loan. The company… Read More
Elevate Credit, Inc. (Elevate), a tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, announced on Monday its customers have saved more than $3 billion to date, versus what they would have paid for payday loans. $1.3 billion was saved in 2017… Read More
ID Finance, the emerging markets fintech firm, announced on Tuesday it is incorporating behavioral biometrics into its AI-based fraud scoring engine to eliminate fraud while boosting loan approvals and reduce the incidence of non-performing loans. According to the company, the behavioral biometrics system studies the unique typing… Read More
On Tuesday, Biz2Credit announced the results of its latest small business lending index, which revealed that business loan approval rates for big banks (25.3%) hit another new high last month, with big banks (assets of $10 billion+) granting more than one-quarter of the small business… Read More
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