Tagged: marketplace

Overfunding: Estonian P2P lender Investly Secures £500,000 Through Seedrs Campaign

Estonian peer-to-peer (P2P) lending platform Investly has successfully secured its initial £500,000 funding target through Seedrs. The equity crowdfunding round has so far attracted more than 375 investors.  As previously reported, Investly reportedly provides an invoice finance platform that allows users to upload invoices and get them paid with… Read More

California Fintech Credible Appoints Chris Bishko as New Chief Financial Officer

Credible, a very promising early stage fintech marketplace, announced on Monday it has appointed Chris Bishko as its new chief financial officer (CFO). According to the company, Bishko has more than 20 years of experience in technology and financial services as an investor and investment… Read More

LendingClub Increases Interest Rates on Loans, Files 8K on Change [u]

Marketplace lending platform LendingClub (NYSE:LC) has filed an 8K with the Securities and Exchange Commission regarding interest rate changes. For most industry followers this shift should come as no surprise. With the Federal Reserve increasing their benchmark rates, with several increases expected in 2018, it… Read More

PeerIQ and Cross River Bank Form Data Partnership

PeerIQ, a leading data and analytics platform operating in the online lending sector, has formed a new partnership with Cross River Bank. The news was disseminated in a press release on Friday. The objective of the partnership is to boost the relationship between small bank… Read More

SME Lender Lendix Ups the Ante for Continental European Leadership

After France, Spain and Italy, Lendix is launching operations in Germany and the Netherlands. The company reaffirms its strategy to be first to market with a pan-European strategy, leveraging its marketplace business model through the addition of local teams. “We’re not pivoting. We’re remaining true… Read More

Banco BNI Europa and Funding Circle Form Partnership to Provide Financing to German SMEs

Banco BNI Europa and Funding Circle have entered into a partnership to provide access to capital for small and medium-sized businesses in Germany, according to the bank. Banco BNI Europa is a digital challenger bank based in Portugal. As part of the agreement, Banco BNI… Read More

Update: Investly’s Seedrs Campaign Surpasses £300,000 in Funding; Company appoints Calum Cameron As New COO

Just days after launching its equity crowdfunding campaign on Seedrs, Estonian peer-to-peer (P2P) lending platform Investly has already secured more than £300,000 in funding from nearly 170 investors. The round is currently seeking to raise £500,000. As previously reported, Investly was founded in 2013 and provides an… Read More

Oval Money Completes Crowdcube Round With 58% Above Target From More Than 1000 Investors

Crowd invest marketplace Oval Money recently closed its equity crowdfunding campaign on Crowdcube with a total of £788,340 from 1050 investors. The campaign was launched in mid-January and quickly secured its initial £500,000 funding target. After achieving the funds it needed, the company announced it was closing the campaign… Read More

Pan-European Marketplace Investly Now Seeking £500,000 on Seedrs

Investly, an Estonian peer-to-peer (P2P) lending platform, is now seeking £500,000 through its equity crowdfunding campaign on Seedrs. Founded in 2013, Investly provides an invoice finance platform that allows users to upload invoices and get them paid with the best rates at a faster pace. The company… Read More

Update: Oval Money Nears £700,000 During the Final Days on Crowdcube

With its Crowdcube campaign set to close this Monday, crowd invest marketplace Oval Money has raised nearly £700,000 and has attracted more than 875 investors through the funding round. The company launched the campaign less than two weeks ago, quickly secured its initial £500,000 funding target… Read More

LendingClub Files 8K on $200 Million Warehouse Agreement

LendingClub (NYSE:LC), the largest marketplace lending platform in the US, has just posted an 8K regarding a warehouse funding agreement with certain lenders. LendingClub has enlisted the assistance of JPMorgan Chase Bank, N.A. as administrative agent, and Wilmington Trust, National Association as collateral trustee. The warehouse… Read More

Update: Oval Money Set to Close Crowdcube Early After Quickly Securing 500,000 Funding Target

Just after its Crowdcube round successfully secured its initial 500,000 in less than a week, crowd invest marketplace Oval Money announced it will close the equity crowdfunding campaign sooner than originally planned. The company revealed in its latest update: “Thank you everyone who has sustained… Read More

PeerIQ CEO Ram Ahluwalia: 2017 Saw a Resurgence of Growth in Online Lending

  There are several people in the online lending industry, inclusive of marketplace and balance sheet lending, that truly know just about everything going on in this evolving sector of finance. Ram Ahluwalia, CEO and co-founder of PeerIQ is one of these persons. His company… Read More

Update: Crowd Invest Marketplace Oval Money Quickly Surpasses £500,000 Funding Target on Crowdcube

Just days after launching its equity crowdfunding campaign on Crowdcube, UK-based automated saving and crowd investing marketplace Oval Money successfully secured its initial £500,000 thanks to more than 450 investors. As previously reported, Oval Money was founded in 2016 and provides easy to read, readily available… Read More

Lending Marketplace Lendix Raises €200 Million Institutional Financing to Trailblaze European Alternative SME Finance

Lendix’s historical investors are renewing their trust in the Paris-based European SME marketplace lender. The European Investment Bank Group (EIB), CNP Assurances, Eiffel IM, Groupama, Zencap AM, Matmut and Decaux Frères Investissements are among the first investors joining to finance Lendix’s latest investment vehicle to… Read More

Online Lender Lendix Shares What to Expect in 2018

Lendix, one of the premier peer to peer lending platforms in continental Europe, published a letter last week sharing what to expect in 2018 and reflecting on the past year. Their third Open Letter first tackled promises from the year prior. According to their recollection, Lendix… Read More

Crowd Invest Marketplace Oval Money Now Seeking £500,000 on Crowdcube

Oval Money, a UK-based automated saving and crowd investing marketplace, has launched an equity crowdfunding campaign on Crowdcube, seeking £500,000. Founded in 2016, Oval stated it provides easy to read, readily available information on everyday expenses. It is backed by private investors including Gruppo Bertoldi, Docomo Digital,… Read More

Focusing on Growth in 2018, Online Lender Lendix Adds Three New Executives to Management Team

Leading online lender Lendix is out with a note saying they have hired three new recruits to support its 2018 growth targets. The peer to peer lender currently operates in France, Spain and Italy, but will open up in two additional countries soon. To help… Read More

India-Based Online Marketplace Wishfin Seeks to Raise Up to $50 Million During Upcoming Finance Round

Wishfin, an India-based online marketplace, announced it is seeking to raise up to $50 million during its upcoming funding round. Founded in 2016, Wishfin is a platform that’s run by Mywish Marketplaces Private Limited (MMPL), which has notably creased financial marketplaces in India. It has more… Read More

Looking at 2018: A Discussion with Ron Suber

  Ron Suber is one of the best known names in the marketplace lending world and a staunch champion of the future of online lending. For many years, Suber was President of Prosper – a leading platform that targets the consumer lending sector – mainly… Read More