Tagged: marketplace

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

Overfunding: Online Florist Marketplace Floom Secures £390,000 Funding Target on Crowdcube

With nearly one week until its equity crowdfunding campaign on Crowdcube comes to an end, online florist marketplace, Floom, has successfully secured its initial £390,000 funding target from nearly 240 investors.  As previously reported, Floom was founded by Lana Elie and is designed to solve… Read More

RateSetter Business Finance Adds Relationship Manager Amanda Sharp

  RateSetter has appointed Amanda Sharp as Regional Relationship Manager for London and the South East. Sharp previously spent 35 years with RBS Group. While at RBS, Sharp spent 20 years in the Business and Commercial division working with SMEs. Sharp has joined RateSetter to… Read More

Digital Financial Services Company Ally Launches New Online Auto Finance Marketplace Clearland

On Tuesday, digital financial services company Ally announced the launch of its new online auto finance marketplace, Clearlane. This new platform notably connects consumers with leading auto finance providers to finance or refinance their vehicles. According to Ally, the Clearlane network includes numerous national, regional and local providers,… Read More

Loan Validation Firm Global Debt Registry Adds Prosper to Network

Global Debt Registry (GDR), a loan validation platform for institutional investors, has added leading online lending platform, Prosper Marketplace to its verification network. GDR says the partnership will enable Prosper investors access to their due diligence tools to ensure loan data integrity. Prosper successfully piloted… Read More

Greg Carter Replaces James Sherwin-Smith as Growth Street CEO

Growth Street,  an online lender focusing on SME loans, has announced that founder Greg Carter has assumed the CEO position at the platform replacing James Sherwin-Smith. Carter has been Growth Street’s Chief Risk Officer since its launch. Carter founded Growth Street while working at Arts… Read More

Yo Shibata, Co-Founder of Crowdport, Updates on “Social Lending” Status in Japan

  According to a recent article in TechinAsia, 52% of Japan’s personal assets, or more than $15 trillion, are held as cash. That is incredible.  But it is also incredible in the fact that holding cash, when most current accounts pay less than inflation, means… Read More

Bond Street to be Featured in NerdWallet’s Small Business Lending Tool

Bond Street, an online lender for small businesses, and NerdWallet, have partnered to provide access to SME loans. As part of the partnership, Bond Street will be featured on NerdWallet’s Small Business Loan Tool, along with other lenders that provide capital to small businesses across the… Read More

ID Finance Joins Mintos Marketplace & Begins Placing Unsecured Loans Issued in Spain Under MoneyMan Brand

ID Finance, a data science and digital finance company, announced on Monday it has officially joined peer-to-peer lender Mintos and has already begun placing personal unsecured loans issued in Spain under its MoneyMan brand on the lending platform’s marketplace.  ID Finance shared it is joining Mintos just after… Read More

LendInvest Partners with Pepper UK to Service All Loans

LendInvest and Pepper UK have formed a partnership where Pepper UK will take all responsibility for servicing all new loans originated on the LendInvest platform. Effectively, LendInvest has outsourced its entire loan servicing part of the business. The agreement should allow LendInvest to focus more… Read More