Tagged: online lender

LendInvest Announces New Update Regarding BTL Payments Deferment During COVID-19 Outbreak

UK-based online lending platform LendInvest announced its latest update regarding the deferments of BTL payments during the COVID-19 outbreak. According to the online lender, landlords with a LendInvest mortgage who believe they will have genuine difficulties making their payments as a result of the COVID-19… Read More

Funding Circle Remains Open & Protecting Investors Returns During Coronavirus Outbreak

Marketplace lending company Funding Circle (LSE: FCH) announced on Thursday that despite the outbreak of COVID-19, it is reassuring investors that it is taking appropriate measures to respond to the situation and give them details on the various issues that are currently going on through… Read More

LendInvest Issues COVID-19 Operational Impact Statement

UK-based online lending platform LendInvest released more information about its operations during the COVID-19 outbreak. The online lender reported it has been monitoring the ongoing pandemic and so far it has not affected the its lending services. “All of our London-based staff are working remotely…. Read More

LendInvest Remains “Open For business” & Announces BTL Payments Deferment During Coronavirus Outbreak

Following the recent outbreak of COVID-19 in the UK, online lending platform LendInvest announced that its platform is still functioning and that it is still “Open for Business.” LendInvest reported that on Monday it instructed all London-based staff to work remotely, which followed the government’s… Read More

Celsius Network Teams Up With Prime Trust to Secure Depositor Funds & Offer Low-Cost Credit

Celsius Network, a cryptocurrency lending, and borrowing platform, announced on Monday it has formed a new partnership with Prime Trust, a custody and escrow platform providing services to both traditional and digital assets, to offer its retail and institutional clients custodial services from several global… Read More

LendInvest Joins Legal & General’s Lender Panel to Extend Buy-to-Let Product Distribution

LendInvest, a UK-based online marketplace for mortgages, announced on Thursday Legal & General Mortgage Club’s lender panel to extend distribution of its Buy-to-Let product to more brokers. According to LendInvest, The club’s member firms are now able to register with the online lender’s platform and… Read More

European Lending Platform October Hits New Milestone: €400 Million Has Been Borrowed By SMEs to Finance 800 Projects

October, a leading European online lender, announced on Tuesday it has reached new milestone. The lending platform revealed €400 million has been borrowed by SMEs on the platform to finance more than 800 projects. Ein weiterer Meilenstein in der Geschichte von October: mit dem heutigen… Read More

Lendio Secures $55 Million Through Series E Funding Round Led By Mercato Partners

U.S.-based online lending platform Lendio recently announced it secured $55 million through its Series E funding round, which reportedly included $31 million in equity led by Mercato Partners’ Traverse Fund and a $24 million debt facility from Signature Bank. The equity round was oversubscribed by existing… Read More

Lenderclose Secures Investment From Ascentra Credit Union

LenderClose, a U.S.-based proprietary, technology-focused lending platform, announced on Thursday that Ascentra Credit Union has offered up an undisclosed investment through LenderClose’s latest funding round. Founded in 2015, LenderClose stated it was established with the key belief that innovative technology would empower community credit unions… Read More

U.S. Fintech Numerate Announces Addition of Digital Account Opening, Credit Card Decision & More Features to Provide Banks With Digital Front End of Banking

Small business lending platform and fintech Numerated announced this week an expansion of its platform to support banks’ full suite of business banking products. The platform will now be offering pre-filled digital applications across business banking products, and a range of digital lending and account… Read More

OnDeck Appoints Linda Tan as New Head of Internal Audit

OnDeck (NYSE: ONDK), a small business online lending platform, recently announced he has appointed Linda Tan as its new Head of Internal Audit. OnDeck reported that Tan will oversee its Internal Audit team and deliver independent, objective assurance and advisory audit services that align with… Read More

Funding Circle Offering Support to Business Loan Transparency Law in California

Marketplace lending company Funding Circle (LSE: FCH) is reportedly supporting a U.S. business loan transparency law. According to P2PFinanceNews, the online lender is backing the California introduced law, which will require certain data to be disclosed in commercial credit agreements much like consumer loans. Head… Read More

Online Lender Kabbage Launches Access to Custom Loans for Kabbage Payment Customers

Global financial service platform Kabbage announced on Tuesday it has launched access to custom loans for Kabbage Payments customers. Kabbage reported the new lending product offers U.S. small businesses more control over short-term funding needs. Kabbage also revealed that with custom loans, Kabbage Payments customers choose any… Read More

LendUp Milestone: Surpasses $2 Billion in Consumer Loans

LendUp, a socially responsible online lender on a mission to redefine financial services for the emerging middle class, announced on Thursday it has surpassed $2 billion in consumer loans through its digital lending platform. The company reported that since 2012 it has provided more than… Read More

Funding Circle Names Oliver White As New CFO

Funding Circle lobby

Marketplace lending company Funding Circle (LSE: FCH) announced on Monday it has appointed Oliver White as its new Chief Financial Officer, following Sean Glithero’s decision to step down from his CFO role and from the Board. White will be joining Funding Circle from Vanquis Bank,… Read More

Applied Data Finance Appoints Capital One & JP Morgan Chase Vet Jimmy Cannon As First President

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, recently announced it has appointed Jimmy Cannon as its new/first President. According to ADF, Cannon has extensive senior management experience with a focus on leading organizations through transformational change and delivering P&L improvement, most… Read More

Australian Neo Lender Wisr Secures $33.5 Million Through Placement Round

Wiser (ASX: WZR), an Australia-based neo lending platform, announced on it has secured commitments to raise $33.5 million through a placement of approximately 181 million ordinary shares. According to Wisr, the placement was supposed and allocated to new and existing institutional investors. “The issue price… Read More

NatWest Joins Forces With Soldo to Boost SME Lending

UK banking group NatWest announced on Wednesday it has joined forces with Soldo, a pre-paid company card provider for small businesses, to expand its SME lending capabilities. NatWest reported that the partnership will allow two of its ventures, Esme Loans and Rapid Cash, to be… Read More

Biz2Credit’s Latest Small Business Lending Index Reveals: Big Banks’ Small Business Loan Approvals Continue to Rise By Reaching New Record High in November 2019

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Biz2Credit announced on Tuesday the release of its latest Biz2Credit Small Business Lending Index, which revealed that the approval percentage fo small business loan applications at big banks (which are $10 billion+ in assets) inched up one-tenth of a percent to reach 28.1% in November… Read More

Funding Circle Unveils £250 Million Securitization of SME Loans With Waterfall Asset Management

Funding Circle lobby

Marketplace lending company Funding Circle (LSE:FCH) recently unveiled its £250 million securitization of SME loans with Waterfall Asset Management. The duo reported that the portfolio brings the total amount of UK Funding Circle loans securitized to £1 billion and the deal will notably open up… Read More

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