Tagged: loans

February 6, 2018 @ 3:20 pm By Samantha Hurst  |  

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

January 16, 2018 @ 3:48 pm By Samantha Hurst  |  

Magilla Loans, a search engine for loans that connects borrowers to banks without requesting personal information, announced on Tuesday it has surpassed $4.5 billion in aggregated loans from top banks across the U.S. Founded in 2015, Magilla Loans claims it is a “first-of-its-kind” loan matching… Read More

November 29, 2017 @ 11:42 am By Samantha Hurst  |  

Elevate Credit, Inc., a tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, announced on Wednesday its RISE product has surpassed $300 million in total outstandings, with more than 130,000 open accounts. According to Elevate, RISE is a state-licensed online lender offering… Read More

November 6, 2017 @ 1:34 pm By Samantha Hurst  |  

Commercial real estate lending platform CommLoan announced on Monday it has successfully processed more than $680 million in loans since its launch in 2014. The lender, which is headquartered in Scottsdale, Arizona, revealed it has developed a commercial mortgage lending technology platform called CUPID, which matches borrowers… Read More

October 16, 2017 @ 9:50 am By Samantha Hurst  |  

SoFi announced on Friday the closing of a $776.7 million offering of SoFi Professional Loan Program 2017-E notes, which has been dubbed the lending platform’s largest loan securitization. According to the online lender, SoFi 2017-E marks the company’s largest asset-backed securities issue to date and its 10th ABS… Read More

October 11, 2017 @ 8:36 am By Samantha Hurst  |  

On Tuesday, Biz2Credit announced the release of its latest monthly analysis, which revealed that Business loan approval rates at big banks ($10 billion-plus in assets) hit another post-recession high in September 2017. According to the report, Small business loan approval rates at big banks improved two-tenths of… Read More

August 24, 2017 @ 2:30 pm By Samantha Hurst  |  

Latvian peer-to-peer lending platform TWINO has reportedly added a second Russian originator to its platform since its December 2016 launch. According to P2P Finance News, over 40% of TWINO’s investors have funded Russian loans. While sharing more details about its Russian expansion,  Jevgenijs Kazanins, P2P… Read More

August 11, 2017 @ 4:13 pm By Samantha Hurst  |  

On Friday, online lender Zopa announced an update on its loan sale pricing. The lending platform reported that it has made some changes to how it works out the value of loans for more accurate pricing. But, due to technical issues, some investors may have paid… Read More

July 27, 2017 @ 8:00 am By Samantha Hurst  |  

Lendio announced on Thursday it surpassed $500 million in business loans to over 21,000 small businesses across the U.S. through its marketplace lending platform.The growth milestone comes after a 141 percent increase in loans originated through the lender in the last fiscal year. The marketplace… Read More

July 26, 2017 @ 9:26 am By Samantha Hurst  |  

Peer-to-peer lender Funding Circle has reportedly joined forces with UK-based Just Eat to provide takeaway restaurants with discounted business loans. Funding Circle will now offer nearly 30,000 restaurants that use Just Eat the discounted loans. The takeaway businesses will now be able to borrow up to £60,000… Read More

July 20, 2017 @ 11:51 am By Erin Hobey  |  

Medici Ventures, a major blockchain tech investor, completed its strategic investment in Symbiont. As part of the new relationship, the two companies will collaborate on strategic projects involving both Medici Ventures and its parent company, Overstock.com Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform… Read More

July 6, 2017 @ 8:46 am By Samantha Hurst  |  

The recently launched peer-to-peer lending platform, Flender, announced on Thursday it is celebrating the successful funding of its first batch of SME loans. According to the online lender, companies that received their requested funding include one of Europe’s fastest growing lingerie retailers, a café, and… Read More

June 22, 2017 @ 8:46 am By Samantha Hurst  |  

Mumbai-based fintech startup Kissht announced this week that it has secured $2 million from early-stage venture capital firm Endiya Partners and Ventureast. Launched in 2015, Kissht’s app now allows users to purchase items on EMI without using a credit card through collateral-free loans. The service… Read More

June 12, 2017 @ 7:49 am By Samantha Hurst  |  

Online lending platform SoFi recently announced it has formed a partnership with airline company JetBlue to help customers manage their student loans while also earning travel rewards. The companies claimed this is the first partnership between a direct lender for student loans and an airliner…. Read More

May 9, 2017 @ 2:17 pm By Samantha Hurst  |  

On Tuesday, Biz2Credit released its latest small business lending index which revealed loan approval rates at big banks ($10 billion-plus in assets) rebounded in April 2017 after a setback month. The company reported that small business loan approval rates at big banks increased by two-tenths of… Read More

April 20, 2017 @ 12:00 pm By Samantha Hurst  |  

YieldStreet, an online marketplace for a diverse array of asset-backed investments, announced on Wednesday it surpassed $100 million in loan originations in less than eight quarters from accredited investors and single family offices. The online lender also reported it had a strong 2016, growing its monthly investor… Read More

March 16, 2017 @ 8:56 am By Erin Hobey  |  

Launched only 19 months ago, Silver Bullion Pte Ltd‘s bullion has secured P2P loan platform has matched 1000 loans. While it took roughly 13 months to match its first500 loans, it took only another 6 months for Silver Bullion to reach 1000 loans. One of… Read More

February 8, 2017 @ 4:05 pm By Samantha Hurst  |  

Promontory Interfinancial Network, LLC announced on Wednesday it has teamed up with SoFi for a new program to enable community banks to purchase super-prime student loans originated by the online lender. According to Promontory, the program will help community banks gain access to SoFi’s high quality… Read More

January 12, 2017 @ 7:22 am By Erin Hobey  |  

Loan approval rates at big banks ($10 billion+ in assets) and institutional lenders finished the year strong, improving to post-recession highs in December 2016, according to the most recent Biz2Credit Small Business Lending Index™, the monthly analysis of more than 1,000 small business loan applications on… Read More

December 22, 2016 @ 5:02 pm By Samantha Hurst  |  

Earlier this week, CEO of online lender SoFi, Mike Cagney, sat down with Caroline Hyde on “Bloomberg Technology” to discuss the platform’s plans for 2017 along with revealing details about the lender’s competitors. SoFi, which was founded in 2011, currently offers various types of lending options…. Read More