Tagged: loans

December 26, 2019 @ 8:17 am By Omar Faridi  |  

Banco de Brasil (BB), the third largest bank in Brazil, has teamed up with local Fintech firm Bom pra Crédito (BPC) (an acronym in Portuguese for “Good for Credit”). BPC provides a marketplace that displays and compares the different conditions for personal credit among 36… Read More

December 10, 2019 @ 12:00 pm By Samantha Hurst  |  

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

December 3, 2019 @ 2:35 pm By Samantha Hurst  |  

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

November 20, 2019 @ 7:23 am By Omar Faridi  |  

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

October 18, 2019 @ 4:02 pm By Samantha Hurst  |  

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

October 8, 2019 @ 2:29 pm By Samantha Hurst  |  

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

October 2, 2019 @ 9:05 am By Samantha Hurst  |  

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

September 4, 2019 @ 3:52 pm By Samantha Hurst  |  

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

August 20, 2019 @ 3:52 pm By Samantha Hurst  |  

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

August 15, 2019 @ 8:21 am By Samantha Hurst  |  

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

August 6, 2019 @ 2:43 pm By Samantha Hurst  |  

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

August 2, 2019 @ 2:22 pm By Samantha Hurst  |  

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

July 29, 2019 @ 3:55 pm By Samantha Hurst  |  

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

July 1, 2019 @ 10:55 am By Samantha Hurst  |  

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

June 26, 2019 @ 3:18 pm By Samantha Hurst  |  

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

June 12, 2019 @ 4:02 pm By Samantha Hurst  |  

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

March 20, 2019 @ 12:55 pm By Samantha Hurst  |  

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

February 25, 2019 @ 2:44 pm By Samantha Hurst  |  

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

January 24, 2019 @ 3:15 pm By Samantha Hurst  |  

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

December 20, 2018 @ 1:50 pm By Samantha Hurst  |  

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