Tagged: marketplace

Zopa to Launch Innovative Finance ISA in June. Other Investment Options Updated

Zopa has announced that it will launch its Innovative Finance ISAs or IFSA in June pending HMRC approval. Zopa believes demand for the new ISA will be high and said it will give priority access to existing customers. In advance of the IFISA, Zopa is… Read More

Alternative Lending Index Unveils European Cross-Border Lending Opportunities

Twino, one of the leading Baltic lending marketplace, has produced in conjunction with KPMG Baltics a report called Alternative Lending Index which assesses the potential of alternative finance in 23 European countries based on a set of economic credit data. While the report does not… Read More

LendingHome Hires New CFO. Also Receives Fannie Mae Approval to Expand Home Loans

LendingHome says it is ready to ratchet up platform growth. The marketplace lending platform that finances residential mortgages has made two announcements today. First, the online lender has announced that former Nationstar Mortgage CFO, Robert Stiles, has been appointed to become LendingHome’s CFO. Simultaneously, LendingHome… Read More

LendingClub Appoints Former PayPal Exec Steve Allocca as President

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has announced the appointment of Steve Allocca as President of the online lending company. Allocca will start at LendingClub on May 22, 2017 and will report directly to LendingClub CEO Scott Sanborn. Allocca will… Read More

Contrarian Lending Marketplace Younited Credit Crosses €500 million Milestone

Since it opened for business in 2012, French lending startup Younited Credit has thrived by implementing strategic choices that ran contrary to common practice among lending marketplaces. It was the first of its kind (and still is the only one so far) to get a… Read More

RealtyShares Appoints Former CEO of Cushman & Wakefield Edward Forst As New Board of Directors Member

Real estate marketplace lending platform RealtyShares announced on Thursday that Edward Forst, former president and CEO of Cushman & Wakefield, was named the newest member of the company’s board of directors. According to RealtyShares, Forst oversaw 16,000 real estate professionals in 60 countries at Cushman & Wakefield. He joined… Read More

Prosper Report: System Error Overstates Return on Loans

Prosper Marketplace, one of the largest online lending platforms in the US, has apparently been overstating annual investment returns on loans due to an error in their systems. Bloomberg reported yesterday that investors were being notified of the error and that the issue has been… Read More

VPC Specialty Lending Investments Annual Results Continues to Disappoint

VPC Specialty Lending Investments PLC (LSE:VSL.L) released 2016 annual results last week and according to Chairman Andrew Adcock, results continue to disappoint. Shares in the fund that invests in various online lending assets continue to trade at a significant discount to the net asset value per share. As… Read More

Orchard Explains How Consumer Online Lending Gets its Mojo Back

After years of rapid growth and promising predictions from the Fintech sector, consumer online lending stumbled in 2016. The one-two punch of fast money running for the doors and a jittery economy pulled the rug out from under the entire sector. Some industry followers responded… Read More

Overfunding: Online Food & Beverage Marketplace TheFoodMarket Surpasses £200,000 Funding Target on Crowdcube

With less than two weeks until its equity crowdfunding campaign on Crowdcube comes to an end, food and beverage online marketplace, TheFoodMarket has successfully sur passed its initial £200,000 funding target thanks to more than 320 investors. The company reported that through this latest funding round… Read More

Growth Street Reports Rapid Growth as 600 Investors Sign Up in Just 5 Months

Peer to peer lender Growth Street is reporting solid growth. The online lender said it has captured over 600 investors since platform launch at the end of 2016. Growth Street is a platform that provides online financing options for UK SMEs. The company also touted its… Read More

Lendix Now Offering Loans to Italian SMEs

European marketplace lending platform Lendix has opened its platform to Italian SMEs. As of today, Italian businesses may borrow from €30,000 to €2 million directly financed by international investors. Lendix called the operation “a new step towards a true European credit market.” For Italian businesses to list a… Read More

Success: Floom Finishes Crowdcube Round With £520,000 in Funding

Online florist marketplace, Floom, successfully completed its equity crowdfunding campaign on Crowdcube. The platform successfully secured its initial £390,000 funding target last week and finished the round with £520,000 from 343 investors. Floom, which was founded by Lana Elie, is designed to solve the problem… Read More

College Ave Student Loans Secures $30 Million During Fourth Equity Round

Student loan marketplace, College Ave Student Loans, announced on Thursday it secured $30 million during its fourth equity round. Investors of the funding round included new and existing participants, which included Comcast Ventures and Leading Edge Ventures. Speaking about the funding, Joe DePaulo, College Ave… Read More

Australian Property Lending Platform LendEx Appoints Two New Board Members

LendEx, a leading Australian peer-to-peer lending platform for direct commercial property lending, has appointed two new prominent board members as non-executive directors. LendEx has added Brian Benger and Kim Jenkins to help guide the growing online lender. Benger said he was delighted to join the LendEx… Read More

MoolahSense Adds Invoice Financing to List of Services

Singapore-based MoolahSense, a marketplace lending platform, has added invoice financing as a new product line. The new service will allow SMEs to access financing to address short-term capital needs of up to $15,000. For investors, a nominal interest rate of up to 12% may be earned…. Read More

LendingRobot Gives Investors a “One Stop Solution” for Alternative Lending Investing

LendingRobot Says Strong Demand Takes Robo-fund Beyond Individual Investors LendingRobot and its relatively new offering “LendingRobot Series“, has announced a product specifically for institutional investors labeled, “LendingRobot Professional”. The new Robo-fund for alternative lending was created “based on significant interest” from wealth managers and family… Read More

Back in the Game: Renaud Laplanche Launches Upgrade, a Consumer Credit Platform [u]

Renaud Laplanche, the founding CEO of Lending Club, has announced the launch of a new consumer credit platform aptly entitled Upgrade.  The online lender was described as a new iteration of online lending that combines the best of marketplace lending and consumer services such as… Read More