Tagged: marketplace

Funding Societies Tops S$ 200 Million in SME Crowdfunded Loans

Singapore based Funding Societies, a leading peer-to-peer (P2P) lending platform in Southeast Asia, has topped S$ 200 million mark in total crowdfunded SME loans. Funding Societies notes that this accomplishment arrives just 6 months after crossing S$ 100 million in January of this year. The… Read More

Research: Marketplace Lending DOES Benefit Borrowers but Improving Credit Scores May Mean More Debt

There has been an ongoing debate regarding the benefits of marketplace lending when it comes to consumer loans.  A Federal Reserve study hammered peer to peer lending (ie marketplace lending) in late 2017 only to see the study pulled as industry advocates highlighted shortcomings in… Read More

LendingClub Q2 Earnings: Originations Increase 31% YoY, Net Revenue Rises 27%

LendingClub (NYSE:LC) is out with numbers for the second quarter of 2018 ending in June. According to a release, LendingClub delivered the following results: Record net revenue of $177.0 million, up 27% year-over-year Record originations of $2.8 billion, up 31% year-over-year Improved Contribution Margin to… Read More

Peer to Peer Lender Validus Capital Tops S$100 Million in Loans

Singapore based online lender Validus is reporting a milestone of having originated over S$ 100 million in loans to SMEs. Validus is claiming to the be Southeast Asia’s fastest growing SME lender. Validus is licensed by the Monetary Authority of Singapore (MAS) and is also… Read More

Milestone: Marketplace Lender Prosper Tops One Million Loans

Online lender Prosper announced a new milestone yesterday. The marketplace lending platform topped one million loans this past week representing over $13 billion in originations. The news, shared via a blog post, stated; “Since we launched in 2006 as the first peer-to-peer lending company in… Read More

Former Wells Fargo Executive Joins LendingClub as Chief Lending Officer

LendingClub (NYSE: LC), the largest US marketplace lender, has appointed Ronnie Momen to become their Chief Lending Officer. According to LendingClub, Momen will oversee company’s credit strategy including the use of credit data, analytics, and products. Momen started with LendingClub today and is reporting directly… Read More

P2P Lender CreditEase’s Fintech Investment Fund Ranked 3rd Globally

CreditEase, a China based peer to peer lending platform, has been recognized for its Fintech venture fund by a CB Insights report. According to the report, the CreditEase Fintech Investment Fund is number three in the world when it comes to ranking the most active… Read More

Belgian Lending Marketplace Look&Fin Partners with Insurer Atradius to Offer Retail Investors 100% Capital Guarantee


Today June 28, Belgium-based SME lending platform Look&Fin announced that it has partnered with credit insurer Atradius to offer a 100% guarantee on the capital lent to SMEs by its retail investors. The move is dramatically closing the gap between marketplace lending and bank lending…. Read More

Australian Fintech & Invoice Marketplace Timelio Announces $250 Million Milestone

Timelio, an Australia-based online marketplace for invoice and supply chain finance, announced on Tuesday it has surpassed $250 million in invoice funding. Founded in 2014, the fintech firm stated its purpose is to improve the financial well-being of business owners by improving cash flow for… Read More

Update: Finnish Software Provider Sharetribe Set to Close Invesdor Round With More than 950,000 in Funding

Sharetribe, a Finnish software provider, is set to close its equity crowdfunding round on Seedrs later this week. The campaign has successfully secured more than €950,000 from nearly 330 investors. As previously reported, Sharetribe was founded in 2011 and claims its platform is the “easiest” way to… Read More

LendingClub Reports 22% Revenue Growth While Net Loss Grows

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has just released their Q1 earnings report while providing guidance for the full year. According to LendingClub, revenue increased 22% to $151.7 for the quarter with originations growing 18%. Total lending has now topped… Read More

LendingClub Responds to FTC Complaint: “We do not agree and are very disappointed that it was not possible to resolve this matter constructively with the agency’s current leadership”

LendingClub (NYSE:LC), the largest marketplace lending platform in the US, has posted a response to a US Federal Trade Commission (FTC) complaint that was launched in 2016. In brief, LendingClub had this to say: “We do not agree and are very disappointed that it was… Read More

Overfunding: Finnish Software Provider Sharetribe Secures €500,000 Funding Target Within Two Days on Invesdor

Sharetribe, a Finnish software provider, launched an equity crowdfunding campaign on Invesdor and surpassed its minimum target of €500,000 within the first 48 hours. The funding round has now raised nearly €600,000 from more than 175 investors. Founded in 2011, Sharetribe claims its platform is the “easiest”… Read More

Online Lending in Risk On Mode: Unprecedented 21 Months of Non Stop Securitization Issuance

PeerIQ has just published their quarterly marketplace lending securitization tracker. The periodic report gauges activity in the online lending sector providing an interesting barometer of industry sentiment and investor activity. The most recent report stated that PeerIQ has observed an “unprecedented 21 months of non-stop… Read More

Mintos Marketplace Adds ID Finance Loans Issued in Kazakhstan

Mintos, an online marketplace that provides individuals with a simplified way to invest in loans originated by a variety of alternative lending companies, announced on Wednesday that fintech firm ID Finance has further diversified investment opportunities on the Mintos marketplace by launching personal loans listed in… Read More

Mambu Launches New Marketplace For Financial Institutions

Mambu, a Berlin-based SaaS banking platform provider, announced last week the launch of its new marketplace for financial institutions. According to Mambu, the marketplace offers a choice of global and localized solutions which can be seamlessly integrated with the SaaS engine to rapidly address evolving… Read More

Brazilian Marketplace FinanZero Secures $3.6 Million Through Series A Funding Round

FinanZero, a marketplace for consumer loans in Brazil, announced on Monday it raised $3.6 million through its Series A funding round, which was led by  Swedish publicly listed investment company, Vostok Emerging Finance, with participation by other Swedish investors, including Webrock Ventures and Zentro Founders. Founded in 2015 and launched in 2016, FinanZero describes… Read More

Challenger Bank TSB Announces Plans to Create Lending Marketplace For UK Small Businesses

UK-based challenger bank TSB announced this week it is preparing to launch a new lending marketplace with a mission help small businesses across the UK get the funding their need to continue growth. The bank is partnering with Funding Options to launch the marketplace this… Read More

Lawrence Summers Resigns from LendingClub Board, Leading Economist Susan Athey Steps In

Lawrence Summers has resigned from the Board of Directors of LendingClub (NYSE:LC), according to a release from the leading online lending platform. Summers is departing the Board at the conclusion of LendingClub’s annual shareholder meeting following a six year stint helping to guide the firms strategy. Summers… Read More

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