Tagged: milestone

SuperMoney Milestone: Surpasses  $1 Billion in Financing Requests

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

Lendio Milestone: Tops $1 Billion in Business Loans Facilitated Through Online Marketplace

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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

Money App Yolt New Milestone: Surpasses 500,000 in Customer Sign Ups

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

Tipatli Milestones: Surpasses $5 Billion in Annual Transactions & 3 Million Suppliers on Payable Platform; Announces New CFO

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

Online Lending Platform CrowdOut Capital Surpasses $100 Million in Loans to Middle Market Companies

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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

N26 Milestone: Reaches More Than €1 Billion in Monthly Transaction Volume; Over 1 Million Customers

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 Milestone: Celebrates Record Month For Loan Origination

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 Milestone: Funds One Billion in Loans

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

Santander’s Changemaker Fund Surpasses £1 Million in Matched Funding

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

Cross River Milestone: Surpasses $600 Million in Monthly Loan Originations

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

Lending Works Surpasses £100 Million in Online Lending

UK-based peer-to-peer lender Lending Works announced this week it surpassed £100 million in online lending. According to Lending Works, the milestone comes just a little over a year after the platform surpassed £50 million. The lender also reported that 20,000 customers (over 16,000 borrowers and nearly 4,000 lenders)… Read More

SoFi Surpasses 500,000 Members & Appoints Michelle Gill As New CFO

On Monday, new CEO of SoFi, Anthony Noto, announced on Twitter that the online lender has surpassed 500,000 in members. This news comes less than a month after Noto assumed his new role at the online lender’s team. Noto confirmed the exciting membership growth news by… Read More

Assetz Capital Reaches Manual Lending Milestone

On Friday, Assetz Capital announced it has reached a record number of loans available to investors using our Manual Lending Account (MLA), with well over 200 live loans with loan parts available for immediate investment on the secondary market. According to the online lender, the MLA allows hands-on… Read More

Elevate Milestone: Customers Have Saved More Than $3 Billion Over PayDay Loan Alternatives

Elevate Credit, Inc. (Elevate), a tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, announced on Monday its customers have saved more than $3 billion to date, versus what they would have paid for payday loans. $1.3 billion was saved in 2017… Read More

Real Estate Marketplace Roofstock Hits $1 Billion in Transactions & Upsized Series Funding Round to $42 Million

On Thursday, real estate marketplace Roofstock announced it has surpassed $1 billion in property transactions since the launching of its marketplace in 2016. The online lender also revealed it has upsized its Series C funding round to $42 million, which represents a 20% increase over the initial… Read More

Money360 Milestone: Surpasses $500 Million in Commercial Real Estate Loans Closed; M360 Advisors Hits $300 Million in Assets

Real estate marketplace lender Money360 announced on Wednesday it has surpassed $500 million in commercial real estate loans closed since inception, which includes $357 million in loans closed for 2017. According to Money360, the milestone comes on the heels of other recent successes, including the initiation of… Read More

Mortgage Marketplace Lender LendingHome Surpasses $2 Billion in Loan Originations

On Monday, mortgage marketplace lender LendingHome announced it has originated more than $2 billion in mortgage loans for homeowners and real estate investors. The online lender revealed that the first billion of originations occurred over the course of 30 months, while it took just 12 months for the… Read More

YieldStreet Hits $200 Million in Originations Milestone & Appoints Two New Members to Leadership Team

YieldStreet, an online marketplace for a diverse array of asset-backed investments, recently announced it has surpassed $200 million in originations. This news comes just six months after the investment platform achieved its $100 million in origination milestone. As previously reported, YieldStreet launched in 2015 and is… Read More

South African Crowdfunding Platform BackaBuddy Hits R50 Million Milestone

South African crowdfunding platform BackaBuddy recently announced its campaign has successfully raised a total of R50 million since its launch from more than 70,000 donors. Founded in 2007, BackaBuddy revealed that its online fundraising functionality is designed to help individuals raise funds for causes they… Read More

SoFi Completes Largest Consumer Loan Securitization to Date

On Friday, SoFi announced it has completed a $727 million issuance of SoFi Consumer Loan Program 2017-6 (“SCLP 2017-6”) notes, making it the largest offering of securities backed by consumer loans and is SoFi’s 11th ABS transaction this year, bringing the lender’s total issuance for… Read More

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