Tagged: marketplace lending

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

October Rallies €255 Billion Worth of Corporate Support to Promote Crowdlending

October (formerly Lendix), the newly rebranded European SME lending marketplace made a splash today with what is probably the most creative promotional campaign in the history of crowdlending. To date, the October platform has facilitated more than €240 million worth of loans to 500 small… Read More

ApplePie Capital Milestone: Surpasses $300 Million in Franchise Business Loans

ApplePie Capital announced on Monday it recently surpassed $300 million in loans originated to franchise entrepreneurs opening or expanding their businesses. Founded in 2014, ApplePie Capital described itself as an innovative financial solutions provider dedicated to the franchise industry. The company reported that it provides a wealth of… Read More

HSBC Canada Forms New Partnership With Biz2Credit to Give Canadian Small Business Owners Financing Quicker & Easier

Biz2Credit announced on Monday it is working with HSBC Bank Canada to give Canadian small business owners quicker and easier access to apply for business financing through HSBC eCredit. According to the duo, HSBC eCredit is a digital-first approach to lending, which will allow small business… 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

Lendio Milestone: Tops $1 Billion in Business Loans Facilitated Through Online Marketplace

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Online small business lender Lendio announced on Monday it has facilitated $1 billion in financing to more than 51,000 small businesses across the U.S. since its inception in 2011. The lending platform reported that its small business clients have burgeoned, generating an estimated $3.8 billion in… Read More

LendingHome Milestone: Mortgage Marketplace Lender Tops $3 Billion in Loan Originations

Mortgage marketplace lender LendingHome announced on Tuesday it surpassed $3 million in loan originations. The milestone news comes just little over eight months after the online lender surpassed $2 billion in loan originations. Founded in 2013 and began lending in mid-2014, LendingHome states it has the online… Read More

SocietyOne Celebrates Sixth Anniversary; Total Lending Now Approaching $500 Million

Australia-based marketplace lender SocietyOne announced it celebrated its sixth anniversary of operations as total lending since inception approaches $500 million. Founded in 2012, SocietyOne reported its key mission to provide a better deal for borrowers and lenders. The lending platform claims it has been at the forefront… Read More

LendingClub to Issue 30 Million New Shares as Part of Equity Incentive / Employee Stock Purchase Plan

LendingClub (NYSE:LC) issued a Form S-8 today which was filed with the Securities and Exchange Commission. The filing is related to a registration statement for the issuance of up to 30,365,114 shares of common stock in the online lending firm. According to LendingClub, the issuance… 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

Prosper Releases 2018 Second Quarter Results

Online lender Prosper announced earlier this week the release of its 2018 second quarter results. According to Prosper, year-over-year loan originations increased 12% to $867 million, Net Loss decreased 70% to ($12.6) million and Adjusted EBITDA has also increased 31% to $8.8 million. Highlights of the… Read More

LendInvest Product Changes: Removes Debenture & Reduces ICR Assessment Rates For Buy-to-Let Loans

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

LendInvest Update: BTL Index Reveals Transaction Volumes Dip as Remortgage Deals Spike

Marketplace platform for mortgages, LendInvest, announced on Tuesday the release of its latest LendingInvest Buy-to-Let Index report, which ranks 105 postcode areas around England and Wales based on the combination of four critical metrics, capital value growth, transaction volumes, rental yields, and rental price growth…. Read More

LendInvest’s 2017 Financial Year Results Report Strong Growth & Remains Profitable

UK marketplace platform for mortgages, LendInvest, announced on Tuesday its 2017 financial results, with the year ending on March 31st. The platform reported that the results revealed strong growth across all key metrics. LendInvest revealed that it currently manages more than  £820 million ($1.1 billion) on… Read More

P2Binvestor Secures Over $17 Million Through Latest Funding Round to Extend Bank Partnership Program

Marketplace lender P2Binvestor (P2Bi) announced on Thursday it secured more than $17 million in funding from over 20 participants to expand its bank partnership program. ACcording to P2Bi, this was its fourth round of funding and, with the combination of debt and equity, brings its total equity… Read More

Singapore Fintech Association Launches Marketplace Lending Committee to Help Unify Online Lenders

The Singapore Fintech Association (SFA) has announced the creation of a Marketplace Lending committee and website. This is in response to the rapid growth in the sector, according to the SFA. The subcommittee will be dedicated to ensuring the local online lending industry is a trusted,… Read More

SocietyOne Names G&C Mutual Bank CEO Dave Taylor As Non-Executive Director

Australia-based marketplace lender SocietyOne recently announced it has appointed G&C Mutual Bank CEO, Dave Taylor, as a new non-executive director. According to SocietyOne, Taylor has more than 25 years of experience in financial services. His board experience notably has included directorships of mutual institutions, industry superannuation funds… Read More

Airbnb Now Features RealtyShares as First Multifamily Financing Solution

  RealtyShares, a leading online marketplace for commercial real estate investing, today announced it is featured by Airbnb as a financing resource in its Multifamily Properties Toolkit, which is described as a website that gives owners, operators, and developers of multifamily buildings resources to support long-term… Read More

Mintos Announces First Loan Originator From the UK Launches on P2P Platform

Mintos, an online marketplace that provides individuals with a simplified way to invest in loans originated by a variety of alternative lending companies around the world, announced on Tuesday it has welcomed its first loan originator from the UK. This news comes less than two… Read More

ArborCrowd Now Offering Investors Equity in New Multifamily Real Estate Deal in Mobile, Alabama

Commercial real estate crowdfunding platform ArborCrowd announced its latest offering for investors to own an equity interest in a multifamily property with tremendous upside potential. Tower on Ryan Park (the Property) is a 141-unit, high-rise property located in downtown Mobile, AL. According to ArborCrowd, the total capitalization of the… Read More

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