Afterpay, an Australia-based digital platform that offers interest-free installment plans for online purchases, announced on Monday it has hit one million customers in the U.S. As previously reported, Afterpay was founded in 2015 and reported its platform has grown to include more than 14,000 Australian… Read More
Global Payables Platform Tipalti announced on Tuesday it surpassed $6.5 billion in annual transactions. The company reported that this milestone was reached as it has more than doubled new customer and business bookings in the second half of 2018 compared to the second half of 2017… Read More
PayPal Holdings, Inc. (NASDAQ: PYPL) announced on Monday its credit transaction volume has reached $50 billion. The company reported that since 2008, PayPal Credit, with eight years prior to that with BillMeLater, has surpassed the milestone in the U.S. PayPal reported that in 2018 alone, PayPal Credit… Read More
Peer to peer lender Lending Works announced on Tuesday it has surpassed £150 million in successful loans to households and firms. The online lending platform reported it has so far helped more than 25,000 people to get a better value personal loan since its launch in January… Read More
CrediFi, a fintech and commercial real estate finance platform, on Wednesday it has raised an additional $6 million in funding. This funding comes on the heels of the $13 million previously raised in Series B funding. The company reported that the total amount it has… Read More
UK based peer-to-peer lender RateSetter announced on Tuesday it has surpassed £3 billion in online lending. RateSetter reported that the milestone follows a successful year, with the lender originating more than £700 million of new lending and active loans under management grew to £820 million…. Read More
PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Monday it has surpassed $1 billion in processed funds for timely earned wage access to the underserved and underbanked workforce. Speaking about the milestone, Safwan Shah, Founder and CEO of PayActiv, stated: “Financial stress is at… Read More
Real estate marketplace lender Money360 announced on Monday it has surpassed $1 billion in loans originated and closed since inception. The announcement comes just 11 months after the lending platform revealed it had hit $500 million. Launched in 2014, Money360 is described as a vertically-integrated, nationwide… Read More
Less than six months after surpassing £40 million in online lending, UK based peer to peer lender in the property space, Proplend, announced on Monday it has now reached £50 million in online lending. According to the lender, all loans are commercial property backed, comprising a… Read More
ApplePie Capital announced on Monday it recently surpassed $300 million in loans originated to franchise entrepreneurs opening or expanding their businesses. Founded in 2014, ApplePie Capital described itself as an innovative financial solutions provider dedicated to the franchise industry. The company reported that it provides a wealth of… Read More
U.S. fintech startup SuperMoney announced on Thursday it has processed more than $1 billion in loan requests since launching in April of 2017. SuperMoney reported that in the past six months it has doubled the financing request volume generated in the previous year. Founded in 2013,… Read More
Online small business lender Lendio announced on Monday it has facilitated $1 billion in financing to more than 51,000 small businesses across the U.S. since its inception in 2011. The lending platform reported that its small business clients have burgeoned, generating an estimated $3.8 billion in… Read More
Yolt, an ING created smart thinking money app, has hit a new milestone. The fintech startup reportedly now has 500,000 users signed up for its services. Launched in the UK last year, Yolt is on a mission to innovate and collaborate in order to give… Read More
Tipalti, a global payables platform announced on Tuesday it surpassed $5 billion in annual transactions, with over 3 million suppliers onboard on the platform. According to the company, these milestones follow its more than doubled new business bookings in Q2 2018 versus Q2 2017 and became… Read More
On Wednesday, private lending syndication platform CrowdOut Capital announced it has funded more than $112 million in loans in less than two years. The online lender reported that accredited investors choose from its vetted loan offerings on a deal-by-deal basis. Alexander Schoenbaum, CEO of CrowdOut… Read More
German mobile bank N26 recently announced it serves more than one million customers across the European continent. The company reported that it has doubled its customer base over the last nine months. According to N26, the monthly transaction volume exceeds €1 billion, signaling high levels of… Read More
LendingCrowd, one of the UK’s fastest-growing alternative finance lenders to the SME market, announced on Friday it is on course for continued expansion after completing loan deals totaling to more than £3 million during May, marking the p2p lending platform’s best month ever. The company also reported… Read More
PeerStreet, an online platform for investing in real estate backed loans, announced on Wednesday that one billion in loans have been funded through its marketplace since launch. This announcement comes after the investment portal announced the close of its $30 million Series B last month. PeerStreet reported that… Read More
On Tuesday, Santander announced its Changemaker Fund has surpassed £1 million in matched funding and support from the crowd for charities, social enterprises, and community projects across the UK. According to the bank firm, The Fund, which is in partnership with Crowdfunder, supports organizations looking to deliver social… Read More
Earlier this week, Cross River announced it set a new monthly loan origination record of more than $600 million in April. The company reported that this loan origination achievement puts its growth into “impressive context” due to the fact that the April 2018 volume represents approximately 60%… Read More
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