Tagged: marketplace lending

October 15, 2015 @ 10:55 am By Erin Hobey  |  

“I don’t want to offend anyone, but there are only two countries in Europe where peer lending made a dent in the lending landscape: the UK and Estonia. In every other European country the volumes going through the marketplace lenders are negligible (to the point… Read More

October 13, 2015 @ 1:35 am By Midori Yoshimura  |  

Peer-to-peer lending platform Faircent has raised an undisclosed amount of funding from Aarin Capital, a fund led by Infosys’ former CFO and chairman of Manipal Global Education T.V. Mohandas Pai, according to the Economic Times’ ET Tech, citing people aware of the development. Pai will also join the… Read More

September 29, 2015 @ 4:36 pm By Samantha Hurst  |  

With less than a month away from its official launch at Money 20/20, marketplace platform for small business financing, Quote 2 Fund, announced on Tuesday Bank of the Internet co-founder, Mike Berengolts, will take the lead in programming and development for the San Diego-based small business… Read More

September 29, 2015 @ 3:41 pm By Samantha Hurst  |  

Lendio, an online marketplace platform for small business loans, announced on Tuesday that it continues to show signs of growth by funding over 500 small businesses in one month. In addition, business owners from all 50 states have now been funded through Lendio’s online loan marketplace. These… Read More

September 29, 2015 @ 11:10 am By Erin Hobey  |  

Thomson Reuters will begin tracking crowdfunding data on its Eikon desktop, as new research projects explosive growth in the UK’s alternative finance market.  Thomson Reuters partnered with Crowdnetic, a provider of real-time data and research to the global marketplace-lending and crowdfunded-startup industries for the new… Read More

September 23, 2015 @ 2:30 pm By Samantha Hurst  |  

Lendio, a lending marketplace for small business loans, recently released Lender Ratings and Reviews and Small Business Loan Calculators to assist business owners in their search for the best financing to fuel their dreams. These new tools provide a platform for borrowers to research a… Read More

September 17, 2015 @ 3:15 pm By Erin Hobey  |  

In late August, India’s banking industry came together for the FICCI’s FIBAC 2015 Conference, discussing regulation in the country’s burgeoning online finance space,  particularly within crowdfunding and peer to peer lending.  SS Mundra, Deputy Governor of the Reserve Bank of India, called for more regulations in the Economic… Read More

September 15, 2015 @ 4:28 pm By Samantha Hurst  |  

Open Energy, a debt finance firm that provides solar project loans to solar developers and project owners through its unique marketplace lending model, today announced the launch of its new online platform, designed to streamline the loan application process. This is considered the first comprehensive… Read More

September 14, 2015 @ 2:00 am By Candace Klein  |  

  SBA….MCA….APR….LOC…. Do these acronyms mean anything to you?  The small business financing landscape is full of them and you’ll need to understand them to make the best possible financing decisions for your business.  And to avoid wasting time or money. If you are like… Read More

September 11, 2015 @ 10:42 am By Samantha Hurst  |  

SoFi, the second largest marketplace lender, today announced Arthur Levitt, the longest-serving chairman of the US Securities and Exchange Commission (SEC), will become an advisor.  Levitt served at the SEC from 1993 to 2001. The firm also announced it has surpassed $4 billion in funded… Read More

September 11, 2015 @ 9:37 am By Georgia Quinn  |  

Despite a hot and rainy New York City morning, there was a great turn-out at LendTech Angels’ first LendLab event.  Hosted by Kiran Lingam, managing director of LendTech Angels, the event gave aspiring marketplace lending startups an education in the regulatory landscape they are entering…. Read More

September 10, 2015 @ 9:44 am By Samantha Hurst  |  

On Thursday, new lending marketplace, Twino, announced that it has seen €500,000 euros invested in its first four months of operation. Head of Marketing at Twino, Ieva Ozoliņa-Bērziņa, declared: “Twino’s observations show that the Latvian population’s creditworthiness is stable, as also demonstrated by studies carried out by… Read More

August 18, 2015 @ 4:30 pm By Samantha Hurst  |  

NSR Invest, a managed account investment platform that provides peer-to-peer (P2P) investment tools to financial advisors, today launched a new generation of software that will allow financial advisors to easily establish and manage separate Lending Club investment accounts on behalf of NSR Invest’s clients through… Read More

August 6, 2015 @ 11:37 am By Erin Hobey  |  

Funding Circle touted a record-breaking £47.5 million was lent to businesses across the UK through its marketplace in July. Currently 46 loan requests on the marketplace are available, including a property developer building 4 new homes in Wigan and a fundraising business looking to expand. The total value of new loans… Read More

August 6, 2015 @ 10:44 am By JD Alois  |  

Marketplace lending platforms have taken advantage of the fact that many were in attendance in DC for a gathering at the US Department of Treasury to publish a Small Business Borrowers’ Bill of Rights.  The coalition of signees included Funding Circle, Lending Club, Fundera and… Read More

August 4, 2015 @ 1:01 pm By JD Alois  |  

Renren, a Chinese social media platform and significant investor in disruptive finance, is going through a period of turmoil.  On July 31st acting Chief Financial Officer, Mr. Ashley Law Kwok Wai, resigned from his position at the company to “pursue another career opportunity”. Around the same time… Read More

July 30, 2015 @ 9:35 am By Samantha Hurst  |  

SoFi, a marketplace lender, announced it has priced a securitization of $417.6 million in refinanced student loans. It also announced SoFi was considered the first fintech company to receive an “AAA” rating from DBRS and an “AA2” from Moody’s for the senior notes, which equaled $387.3 million. Nino Fanlo, SoFi CFO/COO,… Read More

July 27, 2015 @ 3:12 pm By Samantha Hurst  |  

Research and Markets has announced the addition of the “The Disruptive Potential of Marketplace Lending in the U.S. Consumer Credit Market” report to its offering. 10 years ago, the concept of marketplace lending was a quirky idea that intrigued a few venture capitalists. Today, marketplace lenders are some of… Read More

July 21, 2015 @ 11:12 am By Samantha Hurst  |  

Maples Fund Services, an independent global fund services provider and division of MaplesFS, has announced the opening of its office in San Francisco, its first on the west coast. The expansion further solidifies the firm’s North American presence and bolsters its service offering for clients… Read More

June 23, 2015 @ 1:00 pm By Erin Hobey  |  

Cloud Lending Solutions, the industry’s only end-to-end lending solution built natively on the Salesforce.com platform, just tweeted its multiple product updates to its loan and marketplace solutions, empowering lenders to get to market faster and simplify and automate their loan processes to drive revenue growth…. Read More