Tagged: marketplace lending

RiverNorth Marketplace Lending Announces Final Results of Repurchase Offer

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Thursday the final results of its repurchase offer for up to 5%, or 349,075 of its outstanding common shares. RiverNorth reported that… Read More

RiverNorth Marketplace Lending Announces Monthly Distribution of $0.18 Per Share

Money Benjamin Dollars 100

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Tuesday its monthly distribution of $0.18 per common share for the months of October, November, and December 2019. According to RiverNorth, the… Read More

LendInvest Joins Brilliant Solutions’ Lender Panel For Buy-to-Let Mortgage Product Distribution

LendInvest, a UK-based online marketplace for mortgages, announced on Thursday it has joined mortgage club Brilliant Solutions’ lender panel in order to bring its Buy-to-Let (BTL) mortgage product distribution to a wider network of brokers.  LendInvest claims that Brilliant Solutions is an “industry expert” in… 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

Lendio Franchising Facilitates $50 Million to Small Businesses

Lendio Franchising, Lendio’s marketplace lending franchise program, announced on Tuesday it has facilitated $50 million in loans to over 1,800 small businesses around the U.S. According to Lendio, the  loans through the franchise provide a boost to small businesses in industries ranging from healthcare to… Read More

Prosper Unveils Second Quarter 2019 Financial Results

Leading marketplace lending platform Prosper announced on Tuesday the release of its Second Quarter 2019 Financial Results. Prosper reported that during the quarter personal loan originations increased 27% compared to the first quarter of 2019, and the online lender has now generated positive adjusted EBITDA… Read More

RiverNorth Marketplace Lending Announces Preferred Dividend

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Tuesday its 5.875% Series A Term Preferred Stock. The Board of Directors of RiverNorth Marketplace Lending Corporation has declared a Series A… Read More

LendInvest Announces Fifth Consecutive Year of Profitability as Growth Continues: More than £2 Billion in Cumulative Originations

LendInvest, an online marketplace for mortgages, announced on Tuesday it has reported a period of strong growth and significant operational and strategic progress for the year, ending on March 31st. The online lender revealed the following: Financial highlights: Platform revenue increased 36% to £72.7m (FY18:… Read More

Prosper Announces 2019 First Quarter Financial Results

Leading marketplace lending platform Prosper announced on Monday the release of the financial results for the first quarter of 2019. Prosper reported that during the quarter it closed its second warehouse facility with $300 million in commitments, providing the company with $500 million in total… Read More

RiverNorth Marketplace Lending Announces Preferred Dividend

Money Benjamin Dollars 100

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Tuesday it has declared a Series A Preferred Stock cash dividend for the second quarter of 2019 of $0.3672 per share of… Read More

German Lending Marketplace auxmoney Overtakes Midsize Banks in Consumer Loan Origination

Düsseldorf-based Fintech auxmoney has surpassed its targets in 2018. Loan volume increased by 74 percent compared to 2017. Raffael Johnen, Founder and CEO of auxmoney, commented: “While the major German banks are in crisis mode, the leading German fintechs are always setting new records. With… Read More

LendInvest Announces Multiple Hires in Capital Markets & Treasury Teams

UK-based marketplace lending platform LendInvest announced last week it has expanded both of its capital markets and treasury team with four new hires. According to the online lender,the hires are part of an effort to continue to build up LendInvest’s in-house capital markets capabilities, as… Read More

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

Money Benjamin Dollars 100

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

Money Benjamin Dollars 100

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

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