Tagged: marketplace

November 15, 2016 @ 8:29 am By JD Alois  |  

Peer to peer lender ArchOver has announced it will extend its exclusive partnership with international credit insurer and collections company Coface by a further three years. The 2-year old secured business lender states it has not experienced any borrower defaults, late payments or losses, to… Read More

November 15, 2016 @ 8:12 am By JD Alois  |  

OFF3R has launched an independent Index designed to outline performance of equity crowdfunding and peer to peer lending platforms.  OFF3R is a platform aggregator allowing investors a single site or App in which to select and invest. The index is said to analyze major UK… Read More

November 15, 2016 @ 6:00 am By JD Alois  |  

P2Binvestor (P2Bi), a marketplace lender that provides working capital through a crowdfunding model, has raised $7.7 Million in Series A1 funding led by Rockies Venture Club (RVC), the largest angel investor network in Colorado and Future Venture Capital Co, Ltd. (FVC), a Japanese venture capital… Read More

November 14, 2016 @ 10:17 pm By JD Alois  |  

LendingHome is a niche online lender that is focused on the mortgage market. In a relatively short period of time, LendingHome has gone from zero to well over $700 million in residential mortgages. The mortgage market is huge. FBR& Co. recently estimated that $1.9 trillion… Read More

November 11, 2016 @ 8:29 am By JD Alois  |  

LendInvest, a leading online mortgage lender in the UK, has announced the speaker line-up for the inaugural Property Development Academy course, scheduled for today and tomorrow (November 11th & 12th).  LendInvest announced this new initiative this past fall as a way to help small developers… Read More

November 11, 2016 @ 8:07 am By JD Alois  |  

MoolahSense , a P2P lender, has received a full Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS).  The CMS license, issued today, was for “dealing in securities”.  MoolahSense reports that is is the “first marketplace lending platform in Singapore to be granted… Read More

November 11, 2016 @ 7:53 am By JD Alois  |  

Peer to peer lender Assetz Capital has reported that investors have now earned £15 million in gross interest since platform launch in 2013.  The P2P lender has focused on provide access to capital for UK SMEs while give investors a viable investment alternative. Assetz Capital… Read More

November 9, 2016 @ 11:16 am By JD Alois  |  

Trade Me (ASX:TME) has purchased $670,000 woth of shares in New Zealand based P2P lender Harmoney. The investment was said to be designed to hold its stake at 14.4%. Harmoney also operates in Australia. According to a report in NBR, Trade Me purchased 1.3 million… Read More

November 8, 2016 @ 12:59 pm By JD Alois  |  

Bitbond is one of the most interesting SME lenders around today. Launched in 2013, the online lender eschewed dollars and euros to focus on digital currencies, specifically Bitcoin. The global peer to peer lender provides access to capital for small business around the world. As… Read More

November 8, 2016 @ 8:50 am By JD Alois  |  

Stacking is a significant challenge for the online lending industry. While most consumers are responsible individuals who only want to borrower what they can afford, there is a segment of society who are challenged to manage their finances. The advent of online lending has made… Read More

November 7, 2016 @ 7:32 am By JD Alois  |  

Lending Club (NYSE:LC),the largest  marketplace lending platform in the US, is out with Q3 results.  Lending Club reported a net loss of $36.5 million for the Q3 of 2016, an improvement vs. the net loss of $81.4 million reported in Q2 of 2016. Meanwhile originations… Read More

November 7, 2016 @ 7:14 am By JD Alois  |  

Lending Club (NYSE:LC) has announced a significant partnership with the National Bank of Canada and its US subsidiary Credigy.  The agreement calls for Credigy, a firm that specializeds in consumer finance investment,  to invest up to $1.3 billion over the next 12 months. Scott Sanborn,… Read More

November 1, 2016 @ 6:06 pm By JD Alois  |  

As part of their Q3 review, VPC Specialty Lending Investments (LSE:VSL) announced it was shifting away from purchasing whole loans to balance sheet investments in the online lending sector.  VPC said continued softness in certain whole loans in their portfolio were offset by a one… Read More

October 31, 2016 @ 7:45 am By JD Alois  |  

Archover‘s first loan ever has been paid back in full.  The SME lender said the 24 month loan for £100,000 to TruTac Limited has successfully cleared the books. Terry Ramsey, TruTac’s managing director, labeled the entire process hassle free. “Although having our first ever loan successfully… Read More

October 31, 2016 @ 7:38 am By JD Alois  |  

P2P Lender Tops £200 million in Loans ThinCats has announced that Damon Walford has been appointed Chief Development Officer.  Walford will be working directly with ThinCats CEO John Mould to boost loan originations and increase the network of sponsors in the UK.  The announcement comes… Read More

October 30, 2016 @ 6:04 pm By JD Alois  |  

Ron Suber has been pounding the table as of late on the benefits of marketplace lending and the future potential of Fintech in a series of presentations. His future is, of course, tightly intertwined with an industry that has taken a beating in past months…. Read More

October 28, 2016 @ 5:16 pm By JD Alois  |  

Orchard Platform is out with their weekly report and they are reporting that “things appear to be getting back on track” as money is flowing back into the online lending sector.  New loan issuance is being led by platforms like SoFi and Avant. If this… Read More

October 25, 2016 @ 4:20 pm By Samantha Hurst  |  

Social marketplace for bicycle sharing, Cycle.Land, has successfully secured its initial £100,000 funding target on Seedrs. The platform launched its equity crowdfunding campaign earlier this month seeking the funds to make its debut in five additional cities across the UK, which are Brighton, Bristol, Cambridge, Edinburgh,… Read More

October 25, 2016 @ 1:35 pm By JD Alois  |  

Loan matching platform Lendio has raised $20 million led by Comcast Ventures and Stereo Capital.  The investment will be utilized to expand lending options for SMEs and to boost marketing.  The announcement was delivered at the Money20/20 conference taking place in Las Vegas this week…. Read More

October 25, 2016 @ 7:32 am By JD Alois  |  

Lending Club (NYSE:LC) has entered a new credit vertical with the launch of an auto loan refinancing product. The marketplace lending platform pointed to the fact that for most consumers an auto purchase is their second largest following their home. Initially only residents of California will… Read More