Tagged: marketplace lender

New Record for Lenders on October Platform: 5,672 Private Investors from France, Spain, Italy, the Netherlands lent to Sandaya Initiative

Camille David from European online lender October reveals that 5,672 private investors from all across Europe have reportedly financed the Sandaya project via the October platform – which is notably a new record. Claire Juliard, who leads October Connect, confirmed that this is in fact… Read More

SME Lender October Confirms that French Government has Extended State-Guaranteed Loans Program to June 2021

European online lender October notes that in March 2020, the French State had announced a package of €300 billion in State-guaranteed loans (PGE) in order to support small and medium-sized enterprises during the COVID-19 pandemic. Following the amendment voted on in April 2020, lending marketplaces… Read More

UK based Marketplace Lender Growth Street Says All its Platform Investors to Get their Money Back, as Company Winds Down Operations

UK-based marketplace lender Growth Street revealed on Tuesday (January 12, 2020) that all of its platform investors would be getting their funds back, as the company continues to wind down its operations (while still being solvent).  Kim Goetzke, COO at Growth Street, noted that returning… Read More

Australian Consumer Marketplace Lender SocietyOne Announces Warehouse Facility & $15 Million Investment

Australia-based marketplace lender SocietyOne announced on Monday it has established a warehouse facility arranged by NAB, alongside securing $15 million through its recent equity raise, to support growth. According to SocietyOne, the warehouse facility is also scalable to support the lender’s continued growth, as borrowers… Read More

Funding Circle Announces Completion of $198 Million ABS Securitization

Marketplace lending company Funding Circle (LSE:FCH) announced on Wednesday it has completed its first asset-backed securitization (ABS) of US small business loans originated through its platform. According to Funding Circle, a total of $198 million was raised through the securitization, which marks “the debut of… Read More

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

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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

CrowdStreet Now Raising $25 Million Through First Blended Portfolio

Commercial property investment marketplace CrowdStreet announced on Wednesday it is now raising $25 million for the company’s first CrowdStreet Blended Portfolio investment offering. The investment platform revealed that in order to provide individual investors and registered investment advisors another way to diversify their investments with commercial… Read More

China Rapid Finance Debuts Up to $20 Million Share Repurchase Program

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced earlier this week the launch of its new share repurchase program, which allows the lender to authorized the repurchase of its ordinary shares in the form of American depositary shares with an aggregate… Read More

creditshelf to Now Offer Loans With Terms Up to Five Years; Maximum Loan Size Will Be Doubled

On Tuesday, German marketplace lender for SMEs, creditshelf, announced it is extending the maximum term of its arranged loans from 36 to 60 months. The online lending platform also reported that the maximum loan amount will double from previous €2.5 million to €5 million with… Read More

Is Kabbage Buying Out Rival OnDeck?

Current State of Affairs Small business lender Kabbage announced earlier this month that it would begin selling over $525 million worth of loans to investors, which will in turn increase its lending capacity to over $2.7 billion. In contrast, Kabbage’s competitor OnDeck, has seen its share… Read More

dv01 Forms Collaboration With Experian to Bring Additional Transparency to Marketplace Lending

On Thursday, reporting and analytics platform dv01 announced it is collaborating with Experian to bring transparency to marketplace lending. The companies stated that the collaboration would provide dv01 clients with access to richer borrower credit attributes while they conduct performance analysis using dv01’s online tools. Perry Rahbar,… Read More

Brief: German Marketplace Lender Smava Nabs $34M Funding, Runa Capital Leads Round

Smava, the German marketplace lender, has secured a $34M in a funding round led by Runa Capital, with additional participation from the Scandinavian private equity firm Verdane Capital, mojo.capital and existing investors, reported AltFi News. Runs, an active investor in the alternative finance sector, has also invested in… Read More

Anthony Fratiani Joins DriverUp Team as CTO

DriverUp, an online marketplace for automotive financing, today announced that tech industry veteran Anthony Fratiani has joined its executive team as Chief Technology Officer.  In this newly created position, Fratiani will oversee the continued build out of DriverUp’s consumer-facing side of the business. “We are thrilled about Tony… Read More

Brief: DRB Completes Fourth Securitization of Refinanced Student Loans

DRB, a bank and marketplace lender that has reached $1 billion in student loan refinancings, announced this week that it has closed its fourth securitization. This securitization brings total issuance in excess of $928.2 million. The $332.5 million in senior notes were rated A2 to… Read More

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