Tagged: marketplace lending

February 7, 2016 @ 7:05 pm By JD Alois  |  

Don’t Bank. SoFi. The marketplace lender doesn’t want to change the banking industry. It wants to eliminate it completely. Having raised a mere billion dollars last year, SoFi has decided to spend a few dimes on promoting its message around the country. And what better… Read More

January 28, 2016 @ 2:56 pm By Samantha Hurst  |  

On Thursday,  marketplace lender College Ave Student Loans announced it secured $20 million in financing from Comcast Ventures, the venture capital affiliate of Comcast NBCUniversal, with participation from Fenway Summer Ventures (headed by former CFPB Deputy Director Raj Date), DW Partners, former SLM Corp. CEO… Read More

January 21, 2016 @ 4:20 am By Erin Hobey  |  

Fresh from its October 2015 investment in US marketplace lender Kabbage, Dutch bank ING has taken a stake in WeLab, a non-bank provider of consumer loans in China and Hong Kong. ING participated in a Series B $160 million (RMB1 billion) fundraising in the three-year old… Read More

January 15, 2016 @ 3:18 pm By Samantha Hurst  |  

Marketplace lending platform Open Energy announced the closing of a loan totaling $1.2 million to SunLight General Solar Fund III. The New York City-based investment fund invests in distributed generation solar projects. The SunLight investment fund received a hybrid term and construction loan for four commercial solar… Read More

January 14, 2016 @ 6:09 am By Erin Hobey  |  

Funding Circle posed the question on its blog, “Did You Help 146 Businesses Access Finance Last Week?” While many readers were still on holiday, during the week of 4 – 8 January, it was back to business for fintech and the crowdfunding sectors!  Funding Circle investors… Read More

January 4, 2016 @ 3:36 pm By JD Alois  |  

Orchard platform has revealed its Originator Database grew 400% in 2015.  Announced towards the end of 2014, the online application launched with 30 online lenders.  Today the database numbers 150 originators and continues to grow. Orchard is the digital service that connects marketplace lending platforms with… Read More

December 31, 2015 @ 9:34 am By Samantha Hurst  |  

Weijinsuo, a Beijing-based peer-to-peer (P2P) lending platform, announced on Thursday that it has raised $46 million (RMB300 million) during its series A lending round, which was led by HNA Capital. According to the China Money Network, Weijinsuo was founded in 2013 and currently has 700,000… Read More

December 29, 2015 @ 4:21 pm By Samantha Hurst  |  

Last week, marketplace lending platform Prosper announced the winners of the #MyProsperStory contest. This was an opportunity for borrowers to have their loan paid in full free of charge. The contest was simple: Create a short video (3 minutes max) and tell your story. Email it off… Read More

December 23, 2015 @ 1:45 pm By Samantha Hurst  |  

On Tuesday, Kiva Zip’s Jonny Price announced the lending platform’s numbers from November 2011 (its launch) to December 2015 (present).   Kiva Zip is a program from Kiva where people may make loans directly to entrepreneurs for as little as $5. It has three goals: Help… Read More

December 18, 2015 @ 9:58 am By Samantha Hurst  |  

On Friday, marketplace lending platform Prosper announced that it has appointed former Capital One executive, Kunal Kaul, as executive vice president of operations. Kaul led Capital One’s Home Loans Originations Operations Excellence. At Prosper, Kaul will be responsible for developing all aspects of the company’s operations, including… Read More

December 17, 2015 @ 1:27 pm By Samantha Hurst  |  

On Thursday, Queensland-based Auswide Bank announced it has offered $60 million in funding to peer-to-peer lender, MoneyPlace. MoneyPlace, which was launched in October, provides loans of $5000 to $35,000 through its P2P platform. The new partnership between Auswide and MoneyPlace will have a 5-year deal to fund up… Read More

December 17, 2015 @ 12:42 pm By Samantha Hurst  |  

BondMason, an online savings and investments platform that sources investments from across the peer-to-peer (P2P) market for its clients, announced on Thursday that in its latest report that P2P lending has doubled to £2.3bn in 2015 The company revealed that P2P platforms are fast becoming the popular… Read More

December 17, 2015 @ 11:08 am By Samantha Hurst  |  

SoFi, a marketplace lender for financially responsible consumers, announced on Thursday it has surpassed $6 billion in funded loans across mortgages, personal loans, and student loan refinancing. Founded in the Fall of 2011, SoFi is the first marketplace lender to have reached Founded in the Fall… 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

December 9, 2015 @ 10:13 am By Samantha Hurst  |  

Backed, a new marketplace lending platform that seeks to lower borrowing costs for young adults by mitigating traditional co-signing risks, announced on Wednesday that it has raised $1.5 million in seed funding from angel investors, iAngels, and Cyhawk Ventures. Co-CEO and founder of Backed, George… Read More

December 9, 2015 @ 9:00 am By Samantha Hurst  |  

Following its $10 million Series A financing in September, Credible (credible.com), the multi-lender marketplace, today announced its expansion into personal loans. Credible’s marketplace for personal loans will include several of the leading online lending companies including Prosper, Lending Club, Avant, Upstart and Pave. Stephen Dash,… Read More

December 8, 2015 @ 9:11 am By Samantha Hurst  |  

Income&, a marketplace investing platform based in San Francisco, announced on Tuesday that it has secured $2.9 million in combined seed funding and capital committed to support company operations. The company is the creator of PRIMO, a low-risk, superior-yielding fixed income product backed by high-quality,… Read More

December 4, 2015 @ 11:24 am By Erin Hobey  |  

P2P-Banking.com’s Claus Lehmann posted a comprehensive interview this morning with Alejandro Cosentino, the CEO of Afluenta.  Afluenta, a leading marketplace lending company in Latin America (LatAm) that connects creditworthy borrowers with investors, to create more convenient loans and better investment opportunities, provides an innovative investment alternative for individuals… Read More

December 2, 2015 @ 10:09 am By Samantha Hurst  |  

AltFi, a media outlet for alternative finance, announced this week details about the inaugural AltFi Australasian Summit 2016 in Sydney, which is set to be held next February 29th in Sydney. This event will provide attendees with a deep dive into the inner workings of… Read More

December 1, 2015 @ 1:11 pm By Erin Hobey  |  

Five years ago, fintech trailblazer Peter Renton launched Social Lending Network which rebranded to Lend Academy in 2012. On his blog Renton reflects on industry changes during the half-decade. “Back in November 2010, Lending Club had issued less than $200 million in total loans and was focused primarily on retail… Read More