Tagged: marketplace lending

Online Marketplace Lender Nav Facilitated More Than 20,000 Small Business credit Approvals in 2017

Nav, a small business marketplace lending platform, announced this week it has facilitated more than 20,000 small business credit approvals in 2017. Founded in 2012, Nav described itself as an early-stage fintech company that uses data to help business owners get more funding, lower their costs,… Read More

Money360 Milestone: Surpasses $500 Million in Commercial Real Estate Loans Closed; M360 Advisors Hits $300 Million in Assets

Real estate marketplace lender Money360 announced on Wednesday it has surpassed $500 million in commercial real estate loans closed since inception, which includes $357 million in loans closed for 2017. According to Money360, the milestone comes on the heels of other recent successes, including the initiation of… Read More

Success: LoanBook Completes Crowdcube Round With More Than £735,000 in Funding From Nearly 300 investors

Spanish marketplace lending platform, LoanBook, closed its equity crowdfunding campaign on Crowdcube with a total of £737,450 from 297 investors. The funding round was launched in November and looked to raise £650,000. As previously reported, LoanBook was founded in 2013 and claims to be Spain’s… Read More

LoanBook Shares Latest Milestone; One Day Remains on Crowdcube Equity Crowdfunding Campaign

LoanBook, a Spanish marketplace lending platform, having easily surpassed its initial £650,000 last week is, is heading toward the home stretch having raised over £721,200 for 6.40% equity with the help of more than 253 Crowdcube investors. £340,000 of this investment sum comes from current shareholders, local Business… Read More

Overfunding: Spanish Marketplace Lending Platform LoanBook Secures £650,000 Funding Target on Crowdcube

LoanBook, a Spanish marketplace lending platform, has successfully secured its initial £650,000 funding target from more than 200 investors through equity crowdfunding platform Crowdcube. Founded in 2013, LoanBook claims to be Spain’s largest marketplace lending platform, with a 4-year track record of working capital lending to Spanish… Read More

Prosper Releases Third Quarter 2017 Results: Loan Originations Up 164% Year-Over-Year

On Monday, leading peer-to-peer lending platform for consumer loans, Prosper, reported growth in both transaction revenue and loan originations for the third quarter of 2017. The online lender claimed that the continued demand for personal loan product resulted in $822 million in loan originations through its… Read More

CommonLoan Marketplace Milestone: Over $680 Million in Loans Processed

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

PeerStreet Announces New Affiliate Blogger Program

Marketplace lending platform PeerStreet announced on Monday the launch of its new affiliate blogger program. According to PeerStreet, the newly launched program will allow the lender to partner with the personal finance community to better serve both current and future investors. While sharing more details about… Read More

New Milestone: SocietyOne Achieves $350 Million in Total Loan Originations

Australia-based online lender SocietyOne announced on Tuesday it has secured $350 million in total originations. This news comes less than two months after the lending platform celebrated its fifth birthday. According to SocietyOne, the company topping $350 million as the current loan book also reached $200 million… Read More

Money360 Completes Over $100 Million in Loans in 2017’s Third Quarter

Real estate marketplace lender Money360 announced on Monday it completed more than $100 million in loans during the third quarter of 2017. The platform revealed that the amount brings its total loan closings to over $450 million, with a target of $600 million in transactions… Read More

RateSetter Milestone: Investors Fund £2 Billion of Loans & Have Earned More Than £76 Million in Interest

RateSetter recently announced its lenders have now delivered more than £2 billion in loans to people and businesses across the UK and in doing so have earned over £76 million in interest. According to the online lender, 94% of its lenders are individuals looking for… Read More

Money360 Marks Record-Breaking Quarter By Closing $143 Million in Commercial Real Estate Loans

Marketplace lender Money360 announced on Monday it  closed $143 million in loans in the second quarter, marking the lender’s best quarter to date. The online lender reported it has now closed more than $350 million in total loans, is on pace to close more than… Read More

auxmoney & Digital Challenger Bank N26 Partner to Provide Credit to Users

N26, a digital only challenger bank, has expanded its range of consumer loans through a partnership with auxmoney, an online lender serving Continental Europe.  As with all other products of N26 customers can access credit with just a few clicks directly on the N26. In… Read More

Catching Up with Michael Koenitzer of Global Debt Registry: Shedding Light on Loan Validation, Blockchain, Regulations & Future of Fintech

Last month Michael Koenitzer joined Global Debt Registry (GDR) as its Director of Business Development in the new New York office.  Since joining the GDR team he has focused on building and supporting customer relationships with key investor accounts and senior lenders. Koenitzer joined GDR with… Read More

Chief Deputy Whip Patrick McHenry & Congressman Gregory Meeks Introduce Bill Addressing Madden v. Midland Case

Chief Deputy Whip Patrick McHenry, the Vice Chairman of the House Financial Services Committee has partnered with Congressman Gregory Meeks to introduce HR 3299 entitled, “Protecting Consumers’ Access to Credit Act of 2017“. This bill is designed to “restore consistency to our nation’s lending laws… Read More

Zopa’s Home Improvement Index Reveals: Kitchen Is the Heart of the Home & A New One Can Deliver Homeowners Over 50% Return on Investment

On Wednesday, peer-to-peer lender Zopa released its latest Home Improvement Index that indicated a quart of British homeowners looking to improve their homes this summer are choosing to renovate their kitchens and are seeing a 51% return on investment as a result. According to research, 25% of… Read More

LENDonate Enables Nonprofits to Source Loans & Donations Simultaneously

LENDonate, an Oakland-based fintech company, launched a hybrid online lending platform for 501(c)(3) nonprofits. The hybrid platform enables nonprofits to source loans and donations simultaneously. LENDonate aims to unite nonprofits with lenders, including financial institutions, philanthropic organizations, and accredited investors for quick funding of high-quality, low… Read More

Kroll Bond Rating Agency Assigns Preliminary Ratings to Marlette Funding Trust 2017-2

Kroll Bond Rating Agency (KBRA) announced on Monday it has assigned preliminary ratings to three classes of notes issued by Marlette Funding Trust 2017-2. This is a $322.7 million consumer loan ABS transaction that is expected to close on June 29th. Marlette, which was founded… Read More

Singapore Marketplace Lender Capital Match Facilitates S$40M+ in Cumulative Origination

Capital Match announced that it has facilitated over S$40 million in cumulative origination since the start of its operations in 2015. The company claims itself as the largest pure marketplace platform in Singapore and greater Southeast Asia offering invoice financing and secured lending products. Accredited… Read More

Brief: Prosper CFO Usama Ashraf Comments on Closing First Securitization from PMIT 2017-1

As expected, Prosper, the SF-based marketplace lending platform for consumer loans, announced the closing of the first securitization from the Prosper Marketplace Issuance Trust, Series 2017-1, “PMIT 2017-1.” “We are very pleased with the execution of this transaction, which was not only upsized based on… Read More