Tagged: marketplace

April 4, 2017 @ 4:15 pm By Samantha Hurst  |  

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

April 3, 2017 @ 11:46 am By JD Alois  |  

PeerIQ is reporting on the Q1 2017 alternative lending markets and, according to their numbers, marketplace lending securitization is a “bright spot” in the ABS market with total issuance topping $2.9 billion this quarter. PeerIQ says that deal sizes continue to grow and all deals… Read More

April 3, 2017 @ 8:45 am By JD Alois  |  

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

April 3, 2017 @ 8:03 am By JD Alois  |  

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

April 2, 2017 @ 10:44 am By JD Alois  |  

  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

April 1, 2017 @ 10:13 am By Samantha Hurst  |  

Just a few months after announcing Zopa is creating the next generation challenger bank at AltFi Europe, CEO of the peer-to-peer lending platform, Jaidev Janaradana, revealed more details about the bank’s creation at the AltFi Europe Summit last month. While sharing details about the bank progress,… Read More

March 29, 2017 @ 12:42 pm By JD Alois  |  

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

March 27, 2017 @ 9:00 am By Samantha Hurst  |  

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

March 27, 2017 @ 7:33 am By JD Alois  |  

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

March 22, 2017 @ 2:29 pm By JD Alois  |  

Acts of fraud have been around since the dawning of time. How fraud occurs is a never-ending, shape-shifting challenge for individuals, companies and public authorities. There will always be a new scam. There will always be another Ponzi or Madoff looking to separate hard-earned money… Read More

March 22, 2017 @ 10:12 am By JD Alois  |  

Xero has announced a series of new agreements to integrate a handful of online lending platforms. Xero has added MarketInvoice, iwoca, and DueCourse to its software platform. Xero is an online accounting software designed for small business and their advisors. The company currently has over… Read More

March 21, 2017 @ 7:47 am By JD Alois  |  

UK based Madiston has shared that FinBee, the first licensed peer to peer lender for SMEs in Lithuania, has launched using Madiston tech. FinBee has already been in operation providing consumer loans using the Madiston platform. The company is extending the arrangement to move into… Read More

March 20, 2017 @ 4:17 pm By JD Alois  |  

Fitch Ratings has taken the following rating actions on Citi Held for Asset Issuance 2016-PM1 (CHAI 2016-PM1), which is backed by marketplace loans originated via the Prosper platform: Class A upgraded to ‘Asf’ from ‘A-sf’; Outlook Stable; Class B upgraded to ‘BBBsf’ from ‘BBB-sf’; Outlook… Read More

March 16, 2017 @ 8:54 am By JD Alois  |  

Yirendai Ltd. (NYSE:YRD), a prominent online lender in China, announced its unaudited financial results for the quarter and full year ended December 31, 2016. Folowing the release, shares moved lower in pre-market trading. In Q4 of 2016, Yirendai reported it had facilitated 194,505 investors with total… Read More

March 15, 2017 @ 8:39 am By JD Alois  |  

Lendix has opened its platform to Italian investors. Following the launch in Spain, Lendix, a leading online lender targeting the SME sector, expects to issue its first loans in Q2 of 2017.   Yes, we are open ! Sì, siamo aperti ! Oui, nous sommes… Read More

March 14, 2017 @ 12:08 pm By Spencer Li  |  

One of the fundamental differences between Chinese and US lending platforms can be found just by examining the home pages of their websites. Most, if not all, US platforms’ landing pages are targeted at borrowers and exhibit mainly information around borrowing whereas, on those of… Read More

March 14, 2017 @ 5:00 am By JD Alois  |  

ID Finance has integrated with Blackmoon and is now executing investment transactions via the Russian online lending platform. ID Finance is a data science, credit scoring and “nonbank digital lending as an application” provider. ID Finance has is currently operating in Russia, Kazakhstan, Georgia, Poland, Spain and Brazil…. Read More

March 7, 2017 @ 2:33 pm By Samantha Hurst  |  

New York-based fintech startup StackSource launched its real estate loan marketplace product during the 2017 LendIt conference, as part of the PitchIt @ LendIt competition. The company revealed: “StackSource’s new marketplace product lets commercial real estate owners and developers easily connect with bank and non-bank lenders…. Read More

March 6, 2017 @ 4:54 pm By JD Alois  |  

Ron Suber, the President of Prosper and a perennial keynote speaker at the annual LendIt conference, delivered a rousing update on the status of marketplace lending.  Directly addressing the challenges that impacted all online lenders in the past year, Suber stated; “Success this past year required… Read More

March 3, 2017 @ 4:40 pm By JD Alois  |  

Orchard’s platform published their quarterly report a few days back covering Q4 of 2016. According to Orchard, loan volume increased in Q4 reversing a trend that began in Q4 of 2015.  While originations ticked up in Q4 versus Q3, they are still nowhere close to where… Read More