Tagged: loans

March 31, 2016 @ 3:58 pm By Samantha Hurst  |  

Real Estate Investors Funding Association (REIFA), a Texas nonprofit, recently launched a crowdfunding campaign on Indiegogo to raise $150,000 for its real estate startup application, “FundingFinder.” FundingFinder is described as a web-based application works by matching real estate deals with the right lenders. REIFA states that the application has… Read More

March 22, 2016 @ 3:26 pm By Samantha Hurst  |  

Biz2Credit, a small business financial technology platform, announced on Tuesday that it has formed a partnership with transportation finance firm and provider of equipment financing/leasing solutions, Advantage Funding. Biz2Credit revealed that through the partnership, Advantage Funding will utilize the acquisition channels on the small business lending marketplace… Read More

March 21, 2016 @ 10:51 am By Samantha Hurst  |  

Direct lender, Credibly, announced on Monday that it has unveiled its first extended-term business expansion loan offering. The product reportedly features rates ranging from 9.99% to 36%, terms of 18 and 24 months, with multiple payment options. While sharing details about the offering, Glenn Goldman, CEO of Credibly,… Read More

March 4, 2016 @ 10:28 am By Samantha Hurst  |  

This week, Swedish crowdfunding platform, FundedByMe, announced it has received approval from the FSA for its loan making process. FundedByMe revealed: “In light of the material FSA has received, in the request, judges FSA to FundedByMe Crowdfunding Sweden Aktiebolag [does not] need to take any… Read More

February 25, 2016 @ 12:43 pm By Samantha Hurst  |  

Real estate crowdfunding platform, Sharestates, announced on Wednesday that an east coast private equity firm has selected the portal for the purchase of loans with a 2016 target of $60 million. According to Sharestates, this new partnership reinforces institutional recognition of its underwriting excellence, while… Read More

January 23, 2016 @ 2:14 pm By Samantha Hurst  |  

This week, online marketplace for commercial property loans, Proplend, asked an important question: Is it time to let go on buy to let? The website stated in its blog: “In our article on 26th November 2015, just after the Autumn Statement, we briefly summarised the… Read More

January 14, 2016 @ 1:39 am By Midori Yoshimura  |  

Based in Jakarta, Indonesia, a new marketplace for peer-to-peer (P2P) lending officially launched today to give Indonesia’s small and medium enterprises (SMEs) greater access to funding by means of loans pooled from crowdfunding, according to a story in the JakartaGlobe. Modalku offers companies quick access to non-collateral loans with interest rates between… Read More

January 11, 2016 @ 1:48 pm By Samantha Hurst  |  

On Monday, direct lender loanDepot announced that it is heading into 2016 after a record-breaking 2015. This is due to the fact that the company added 125,000 new consumers to its community of borrowers over the past twelve months and has increased year-over-year fundings by… Read More

December 22, 2015 @ 8:21 am By Erin Hobey  |  

It’s the most wonderful time of the year as Crowdfund Insider keeps tabs on global platforms as quarterly and year end reviews are announced. Just in, Arboribus, a leading Spanish P2P lending platform co-founded by Josep Nebot, released some highlights from 2015.  The platform has continued growing this year, and has… Read More

December 10, 2015 @ 1:55 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform Lending Works released a new report that revealed a large proportion (27%) of its customers didn’t know how much interest they were paying on their debt before taking out a debt consolidation loan with the peer-to-peer lender. Of those respondents that were… Read More

October 28, 2015 @ 11:37 am By Samantha Hurst  |  

Dealstruck, an online direct lender, announced on Wednesday the completion of over $100 million in loans to small and medium-sized businesses (SMBs) nationally. Since inception, in October 2013, the firm has been committed to providing fast-growing and profitable SMBs with flexible, affordable and transparent financing…. Read More

October 6, 2015 @ 11:01 am By Erin Hobey  |  

Not yet a toddler, the three month old loan service Basix has hit some enviable milestones. California-based online lending startup, ZestFinance, has secured a $150 million debt financing deal with global investment giant Fortress Investment Group for Basix. Founded in 2009 by former Google CIO Douglas Merrill, ZestFinance… Read More

September 30, 2015 @ 10:06 am By Samantha Hurst  |  

LendInvest, an online lender for bridging finance, has appointed Matthew Tooth as the company’s first Head of Distribution. The platform, which spun out of Montello, the short-term mortgage finance specialist, in 2013, has originated close to £400 million of loans for borrowers seeking finance deals… Read More

September 17, 2015 @ 10:12 am By Samantha Hurst  |  

Intuit Inc. (NASDAQ:INTU) is partnering with OnDeck  (NYSE: ONDK), a leading platform for small business loans, to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans. This first-of-its-kind financing solution enables small businesses to use their QuickBooks… Read More

September 10, 2015 @ 11:15 am By Erin Hobey  |  

The Biz2Credit Small Business Lending Index announced August’s findings: the Index dropped by 0.1 points for both large and small banks,  indicating that the SBA budget scare effected growth in loan demand. The monthly analysis of 1,000 loan applications from Biz2Credit.com also noted “that credit unions continued to… Read More

August 14, 2015 @ 11:43 am By Samantha Hurst  |  

EdAid, a financial technical startup, recently announced that it is launching its own crowdfunding platform to help students with college expenses. According to CityAM, the new platform, which is pending approval by the Financial Conduct Authority, is set to launch next month and will offer… Read More

June 4, 2015 @ 7:19 am By Erin Hobey  |  

“We’re delighted to announce this strategic partnership with Catena Investments while The Funding Network continues to grow and mature. As our monthly transaction volume exceeds $35 million it is right that we keep pushing for more professionalism,” said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. “With Catena on… Read More

December 18, 2014 @ 3:02 pm By Samantha Hurst  |  

With 2015 just around corner, RateSetter announced on Thursday (December 18th) that it has taken on the loan book of GraduRates, a fellow peer-to-peer (P2P) lender which helps students finance their education, funding loans for postgraduate study. GraduRates, which launched in 2010, has decided to… Read More

June 17, 2014 @ 4:24 pm By Samantha Hurst  |  

As the cost of college continues to rise, families are looking to a variety of strategies to help them save. Twenty-right percent of parents saving for college report that they plan to ask friends and family to consider contributing to their child’s college savings fund… Read More

February 8, 2014 @ 1:40 pm By Charles Luzar  |  

Lending Club has announced the addition of two new statistical charts aimed at helping their investors understand trends in returns. Notably, both charts seem to actively encourage investors on Lending Club to have at least 100 notes in their portfolio for the purposes of diversification…. Read More