Tagged: marketplace

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

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