Tagged: marketplace

June 24, 2015 @ 9:51 pm By JD Alois  |  

Credibly has signed an agreement with a syndicate of banks to help expand their loan products. Credibly is the reincarnation of RetailCapital, a company that is an emerging FinTech portal that uses big data to provide a better lending experience. Credibly is another entrant in the… Read More

June 24, 2015 @ 2:35 pm By JD Alois  |  

Peer to peer lender LendInvest has received an SQ1 Servicer Quality rating with a stable outlook from ARC ratings. According to ARC the rating was based on the following criteria: General: The primary servicer rating reflects LendI General: nvest’s robust internal controls/systems, servicing experience in the… Read More

June 22, 2015 @ 11:53 pm By JD Alois  |  

Irish peer to peer lender Linked Finance has topped € 10 million in lending to small businesses.  Linked Finance expects to increase this number to € 20 million by the end of this year. The first p2p lender in Ireland has been running a series of ads… Read More

June 20, 2015 @ 2:16 pm By JD Alois  |  

Bricks Financial, founded in 2014, has opened up operations in Exeter as they seek to offer investors the opportunity to “high quality projects” in the region for borrowers who are  “local businesses, individuals and friends where banks are unable or unwilling to help”.  The new peer… Read More

June 18, 2015 @ 8:58 pm By JD Alois  |  

VPC Specialty Lending Investments PLC, a listed fund that invests in peer to peer lending assets, has confirmed that the companies shares qualify for ISA inclusion. HM Revenue & Customs have announced that commending July 1, 2o15, savers may take advantage of this new asset… Read More

June 18, 2015 @ 3:33 pm By JD Alois  |  

Bond Street Marketplace,  a direct lender for small business, has closed an equity / debt financing round in the amount of $110 million led by Spark Capital and Jefferies. New participants include Slow Ventures, Eagle Cliff, Nathan Blecharczyk (Co-Founder of Airbnb), David Chang (Chef and founder of… Read More

June 18, 2015 @ 10:30 am By Midori Yoshimura  |  

  At the helm of Avant, a Chicago-based consumer loan program named to Forbes’ 2015 list of America’s Most Promising Companies, is founder and CEO Al Goldstein. A serial entrepreneur in technology, consumer services and real estate, Al co-founded Avant with John Sun, now the… Read More

June 17, 2015 @ 3:16 pm By Bill Ullman  |  

On Thursday, June 11, RiverNorth Marketplace Lending Corporation filed an N-2 with the US Securities and Exchange Commission.  RiverNorth is a Chicago-based investment management firm founded in 2000 that specializes in opportunistic investment strategies.   Many of RiverNorth’s investment products are structured as Closed End… Read More

June 17, 2015 @ 8:07 am By JD Alois  |  

SoFi, a four year old direct lender that is dominating the student loan refinance space, has stated it expects to do over $1 billion in securitization in Q3 alone.  SoFi has completed 5 previous securitization’s with a total volume of $1.55 billion so this will… Read More

June 16, 2015 @ 2:00 pm By JD Alois  |  

The New York Times Dealbook section published an article yesterday about Goldman Sachs entering the peer to peer, or marketplace lending space. This was really old news as Quartz had covered it soon after Harit Talwar announced his departure from Discover in April.  Shelly Banjo… Read More

June 15, 2015 @ 11:15 pm By JD Alois  |  

Leading peer to peer lending site LendInvest has received a £22 million investment from Chinese internet firm Beijing Kunlun. This is according to an article in the FT but was also referenced in a Board Meeting release from earlier this week. Christian Faes, co-founder and… Read More

June 15, 2015 @ 8:34 am By JD Alois  |  

Leading peer to peer lending platform, Lending Club, has formed a partnership with the Opportunity Fund, an entity that targets community based lending.  Announced that the Clinton Global Initiative (CGI America), the agreement is designed to help provide capital for small businesses in California. Former… Read More

June 15, 2015 @ 8:11 am By JD Alois  |  

Money360, a commercial real estate peer to peer lending platform, has hire Laura Catalino as a Senior VP to manage investor relations. “Online marketplace lenders such as Money360 are providing commercial real estate borrowers with more loan options than ever, while also offering investors a… Read More

June 14, 2015 @ 10:51 pm By JD Alois  |  

With new rules pending, the peer to peer lending market is jostling for position.  CreditEase, the first P2P lender in China, recently cemented an agreement with China Guanfa Bank as part of a push to assure investors their money is safe. According to a report… Read More

June 12, 2015 @ 8:14 am By JD Alois  |  

The Moneywise Custome Service Awards 2015 took place this week.  Described as the “authoritative stamp of approval by the UK consumer” recognition is given to financial service firms for providing exemplary service to their customers.  In recent years as finance has altered direction and moved… Read More

June 11, 2015 @ 1:11 pm By Samantha Hurst  |  

Lending Loop, a new business lending marketplace, has opened its doors to businesses across Canada, aiming to be the first platform that connects businesses seeking capital with Canadian lenders. The financial technology start-up received its first round of financing from the Kirsh Group, and intends on… Read More

June 11, 2015 @ 12:23 pm By JD Alois  |  

LendingRobot, an automated investment platform for peer to peer / marketplace lending investors, has launched secondary trading for Lending Club loans. The Seattle, Washington, based company raised $3 million in a Series A funding round earlier this year to help finance the new service. LendingRobot allows… Read More

June 11, 2015 @ 11:55 am By JD Alois  |  

Biz2Credit, an online direct lender, has partnered with Univision Enterprises, a media company serving Hispanic America. The agreement is to provide Latino business owners with a broad set of small business finance solutions with a branded platform: Empresitio. “We are thrilled to partner with Univision and… Read More

June 11, 2015 @ 8:37 am By JD Alois  |  

Receives “Investment Grade” Rating from Moody’s & DBRS It was not that long ago that ratings agencies looked askance at marketplace lending platforms.  Yesterday CommonBond, a marketplace lending platform that targets the student loan refinancing space, received a solid review from both Moody’s and DBRS.  Moody’s delivered… Read More

June 10, 2015 @ 2:39 pm By Stephen Sheinbaum  |  

  Trends in the Use of Technology in Alternative Finance Calendar makers divide the general world’s timeline into “Common Era” and “before the Common Era”. For financial technology, the timeline should be divided into “Before PayPal” and the sea change which has happened since. When… Read More