Tagged: online lender

LendInvest Announces Multiple Hires in Capital Markets & Treasury Teams

UK-based marketplace lending platform LendInvest announced last week it has expanded both of its capital markets and treasury team with four new hires. According to the online lender,the hires are part of an effort to continue to build up LendInvest’s in-house capital markets capabilities, as… Read More

CrowdOut Provides $30 Million Credit Facility to Support Personiv’s Growth

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Private lending syndication platform CrowdOut Capital announced on Wednesday the completion of a $30 million credit facility to Personiv. According to CrowdOut, the borrower is a business process outsourcer that employs over 2,500 employees in 3 different countries and the proceeds from the loan will be… Read More

Dealstruck Restructures: CEO Addresses Shut Down Rumors

Just a little over two years after reportedly shutting down its online lending operations, DealStruck has emerged restructured after the lender’s platform was acquired by what it claims to be a group of fintech experts. According to DealStruck, the restructure will it to expand its mission… Read More

Update: WiseAlpha’s Crowdfunding Round Nears 2.7 Million During the Final Days on Crowdcube.

UK online lending platform WiseAlpha is set to close its latest equity crowdfunding round on Crowdcube with nearly £2.6 million in funding. The round has attracted more than 1460 investors. As previously reported, WiseAlpha aims to give retail investors and corporates access to senior secured and high yield bond… Read More

ApplePie Capital Milestone: Surpasses $300 Million in Franchise Business Loans

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

Online Lending Platform CrowdOut Capital Secures $2.5 Million Through Latest Funding Round

Private lending syndication platform CrowdOut Capital announced on Thursday it secured $2.5 million in growth capital through its latest funding round, which was led by co-founder and CEO, Alexander Schoenbaum, and other members of CrowdOut’s investor network for debt offerings. As previously reported, CrowdOut was founded in 2015… Read More

SME Online Lender Creditshelf Names Fabian Brügmann New CFO

Creditshelf Aktiengesellschaft, a Germany based online lender, announced on Wednesday it has appointed Fabian Brügmann as its new CFO, effective on January 15, 2019. The lender reported that this appointment continues its planned expansion of its management team and in the newly formed position, Brügmann… Read More

Update: WiseAlpha Surpasses £2 Million Through Latest Crowdcube Funding Round

Less than two weeks after launching its latest equity crowdfunding campaign on Crowdcube, UK online lending platform WiseAlpha has now surpassed £2 million from more than 980 investors. The funding round quickly secured its initial £1 million.  As previously reported, WiseAlpha’s online lending platform aims to give retail investors… Read More

PNC Bank Announces New Partnership With OnDeck to Launch Digital Business Lending Platform in 2019

U.S.-based banking firm PNC Bank announced on Monday it has partnered with online lender OnDeck to create a new digital business lending platform, which is set to launch in 2019. According to the banking group, the lending portal will offer fully digital business lines of… Read More

Overfunding: WiseAlpha Quickly Surpasses £1 Million Funding Target Through Latest Crowdcube Round

Just a little over a year after securing more than £1.2 million through its second equity crowdfunding campaign on Crowdcube, UK online lending platform WiseAlpha has returned to the funding portal and quickly surpassed its initial £1 million funding target. The round is now nearing… Read More

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

LendInvest Update: Accelerates BTL Production Application Volume Thanks to Rate Reductions

UK-based online lender LendInvest announced last week it has reduced rates and product fees across its Buy-to-Let product range. According to LendInvest, the pay rate for its five year fixed rate product has dropped to 3.60%, with the ICR calculation at a pay rate of 3.60%…. Read More

Roostify Now Offers Integration With Ellie Mae’s Encompass Digital Mortgage Lending Platform

Roostify, a U.S.-based digital lending platform provider, announced on Tuesday its platform now offers a bidirectional integration with Ellie Mae’s Encompass digital mortgage lending platform. According to Roostify, the integration allows lenders to easily pass information between the two systems, driving quality and efficiency in the loan origination… Read More

E-Commerce Platform KinerjaPay Launches P2P Lending Platform “KFUND”

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced on the launch of its new peer-to-peer (P2P) lending platform, KFUND. According to Kinerjapay, PT. Kinerja Simpan Pinjam has been officially registered and will manage KFUND brand as an online lender that focuses on micro-lending activities. Kinerjapay… Read More

OnDeck Milestone: Small Business Online Lending Tops $10 Billion

Online lending platform OnDeck (NYSE: ONDK) announced on Wednesday it has surpassed $10 billion in total loan originated to small businesses. According to OnDeck, the latest milestone is the latest indication that small businesses increasingly prefer to seek financing online. OnDeck reported that it provided its first… Read More

P2P Lender Welendus Launches HMRC-Approved Innovative Finance ISA

UK-based peer-to-peer lending platform Welendus announced on Thursday the launch of an industry-first; it’s HMRC-approved Innovative Finance ISA (IFISA), which is set to allow investors to invest their annual ISA allowance in a flexible high return investment product, with no income tax on the interest… Read More

CAN Capital Announces New Facility of Up to $287Million to Enhance Capital Capacity With Alternative Asset Manager Varadero Capital

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CAN Capital, an online lender in the SME lending space, announced on Wednesday it has agreed to a financing transaction of up to $287 million to enhance its capital capacity with Varadero Capital, L.P., a New York-based alternative asset manager. This news comes just a couple… Read More

P2P Lender CrowdProperty Milestone: Surpasses £20 Million in Funding For Property Projects

Peer to peer property lender CrowdProperty announced on Wednesday it not only funded the 47th project, it also surpassed £20 million in funding for the property projects on its platform. The online lender revealed has a 100% track record in repaying lenders’ capital and interest. Across 23 projects,… Read More

SocietyOne Celebrates Sixth Anniversary; Total Lending Now Approaching $500 Million

Australia-based marketplace lender SocietyOne announced it celebrated its sixth anniversary of operations as total lending since inception approaches $500 million. Founded in 2012, SocietyOne reported its key mission to provide a better deal for borrowers and lenders. The lending platform claims it has been at the forefront… Read More

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