Tagged: marlette funding

February 4, 2021 @ 3:05 pm By Samantha Hurst  |  

Marlette Funding, LLC, an online consumer lending platform, service provider, announced on Thursday it is expanding its Best Egg suite of lending products, including the addition of a new credit card program in 2021. According to Marlette Funding, the new Visa credit card will offer… Read More

April 9, 2018 @ 12:50 pm By Samantha Hurst  |  

Marlette Funding, LLC, the owner of consumer lending platform Best Egg, announced on Monday the year-end results and key accomplishments for first quarter 2017. According to Marlette Funding, during the past year, Best Egg experienced origination growth of 66%, significantly reduced its customer acquisition costs,… Read More

January 29, 2018 @ 11:55 am By Samantha Hurst  |  

Marlette Funding, LLC, an online consumer lending platform, service provider, and the parent company of Best Egg, announced on Monday it closed its fifth proprietary “MFT” securitization.  According to the company, approximately $495 million of Best Egg loans were financed via $464.3 million of MFT 2018-1 Notes with four… Read More

July 7, 2017 @ 11:23 am By JD Alois  |  

Marlette Funding, LLC, an online consumer lending platform and service provider, has closed its third securitization from its proprietary “MFT” shelf. Marlette states that approximately $369 million of BestEgg unsecured personal loan collateral was financed via three classes of Notes and one class of Certificates with… Read More

March 24, 2017 @ 3:42 pm By Samantha Hurst  |  

Online consumer lending platforms and services, Marlette Funding, announced on Friday it completed its second proprietary “MFT” securitization. The lender reported that approximately $333 million of Best Egg collateral was financed through the transaction. According to Marlette Funding, the transaction was significantly oversubscribed and successfully… 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

August 3, 2016 @ 1:37 pm By Samantha Hurst  |  

On Wednesday, marketplace lending platform, Marlette Funding, announced the closing of its first proprietary “MFT” securitization. The company reported that approximately $205 million of Best Egg collateral was financed through three classes of notes and one class of certificates with the loan sellers retaining a portion… Read More

May 6, 2016 @ 9:16 am By Samantha Hurst  |  

Marlette Funding, LLC, a marketplace for Best Egg unsecured personal loans, announced this week that it has appointed Prosper’s former COO and CRO, Josh Tonderys, as its new president. Prior to joining Prosper, Tonderys worked at Barclaycard US where he led their open market credit card… Read More

September 28, 2015 @ 11:58 am By Samantha Hurst  |  

Crowdnetic, a provider of technology and market data solutions to the marketplace lending industry, today announced the launch of “Marketplace Lending Gateway” (“Gateway”), a centralized technology platform that connects loan applicants from banks and retailers to alternative funding sources through a real-time matching and allocation… Read More

July 21, 2015 @ 2:43 pm By Samantha Hurst  |  

Marlette Funding, LLC, a marketplace for Best Egg unsecured personal loans, recently announced that it raised $75 million in equity funding to accelerate growth, further its partnership agenda and begin putting loans on its own balance sheet. The round was led by Invus Opportunities, a diversified… Read More