In one of largest seed rounds in Mexico´s history, Fintech minu has raised $6.5 million from QED Investors, Village Global, Next Billion Ventures and Mountain Nazca as well as multiple angel investors like PayU and Cornershop founders. Village Global is a Silicon Valley fund backed… Read More
Orchard co-founder Matt Burton has emailed industry members stating the previously announced acquisition of his company by SME lender Kabbage has formally closed. The purchase had been rumored for weeks with an official announcement hitting the press at the end of April. Burton stated; “In… Read More
Kabbage, Inc., a global financial services, technology and data platform serving small businesses, has entered into a definitive agreement to acquire substantially all of the assets of Orchard, a pioneer in developing technology and analytics for online lending and financial services. The acquisition will allow… Read More
Orchard Platform is being sold. This is according to a report in Bloomberg that cites individuals aware of the details regarding the pending transaction. Orchard is currently partnering with Bloomberg on online lending data. Kabbage is a leading online lender that has targeted the SME… Read More
Orchard Platform, a Fintech company that provides online lending data and insights, has formed a partnership with Bloomberg to make its content available to terminal subscribers. This is an important strategic shift for Orchard as it vastly scales its content and services to a… Read More
Orchard Platform has rolled out Deals, operated by Orchard Platform Markets, LLC, a wholly-owned subsidiary, SEC-registered broker-dealer, and member of FINRA and SIPC. Deals is a global market where loan originators may discover low cost financing and institutional investors can connect, evaluate, and move… Read More
Earlier this week there was note circulating the Orchard was in the midst of a pivot. Specifically, the report said Orchard was pivoting from a data/analytics platform to a loan trading platform. This was interesting as the secondary transaction platform for securities based on online loans… Read More
Orchard X, the secondary trading platform being created by Orchard platform, received coverage from NYTimes.com yesterday shedding some light on the delayed launch. The electronic trading platform for online lending assets was announced in April 2016 but since that date little has been said about a… Read More
OnDeck (NYSE: ONDK) and Orchard Platform have signed an agreement where Orchard will provide a scalable solution to manage the reporting for institutional investors purchasing loans via the OnDeck Marketplace. The agreement will also provide OnDeck with access to the entire Orchard for Originators product… Read More
Orchard Platform has launched a “Data Partner Program” that aggregates loan data from a range of leading online lending platforms. Via the Orchard Data Partner Program, originators will be able to gain the ability to analyze and compare their loan performance to that of their… Read More
Orchard has added a unique online lender to its Market Data product. ApplePie Capital, a company that provides access to capital for the franchise industry will now accept institutional investors via the Orchard service. ApplePie is the first online lender solely focused on the franchises…. Read More
Long-time Orchard Senior Advisor Bill Ullman has been appointed Chief Commercial Officer of the Fintech firm. Ullman has been providing his insight and perspective to Orchard since the firm was founded in 2013. Ullman, reporting directly to Orchard CEO Matt Burton, will now direct global… Read More
Orchard Platform will be holding its first Partner Forum designed to help shape the future of marketplace lending. The inaugural event will involve Orchard executives alongside industry executives such as Noah Breslow of OnDeck, Ron Suber of Prosper and Tom Glocer of Angelic Ventures. According… Read More
loanDepot has announced a new partnership with Orchard Platform – the company that is at the nexus of online lending and institutional participation. loanDepot will now be integrating its performance data into the Orchard U.S. Consumer Marketplace Lending Index and Market Data products. loanDepot states believes… Read More
As 2015 comes to a close, here are some highlights from WWF, the wonderful world of fintech. And what a year it’s been! At the close of last year, the world watched Lending Club’s astounding IPO. By this November, the firm surpassed $13B from borrowers since its 2006 launch. During… Read More
Orchard Platform has inked an agreement to partner with Bloomberg Professional service to provide the Orchard US Consumer Marketplace Lending Index. Orchard is a unique platform. It is the digital pipeline for institutional funds flowing into marketplace lending loans. This exchange of investors and borrowers… Read More
Last week, Mike Cagney, the CEO of SoFi, gave an interview in the San Francisco Business Journal in which he made some fairly controversial comments. It instantly made the rounds in the industry and has become a topic of much debate. I recommend reading the… Read More
Orchard, an important participant in the online lending world, benefits from a unique perspective. The company powers the digital pipes that channel billions of dollars of institutional money into marketplace lending platforms. As a valued partner in the P2P / Marketplace lending space, Orchard took… Read More
Despite a hot and rainy New York City morning, there was a great turn-out at LendTech Angels’ first LendLab event. Hosted by Kiran Lingam, managing director of LendTech Angels, the event gave aspiring marketplace lending startups an education in the regulatory landscape they are entering…. Read More
Orchard platform, the company that has become the internet pipes to funnel institutional funds into marketplace lending platforms, has raised more money. This time Orchard has received $30 million in a Series B Funding round led by some big names in finance. Already recognized as… Read More
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