Tagged: online lender

Overfunding: Assetz Capital Surpasses £1 Million Through Seedrs Funding Round

Just one week after launching its latest equity crowdfunding campaign on Seedrs, UK-based peer-to-peer lending platform Assetz Capital has successfully secured its initial £1 million funding target and is now nearing £1.3 million. The funding round comes less than two years after Assetz Capital raised more… Read More

Chinese Consumer Finance Platform LexinFintech Announces First Quarter 2019 Unaudited Financial Results

China-based consumer finance platform LexinFintech announced on Friday its first quarter 2019 unaudited financial results, which ended on March 31st. According to LixinFintech, Operational Highlights include: Total outstanding principal balance of loans1 reached RMB35.0 billion as of March 31, 2019, representing an increase of 64.7%… Read More

Following Delay of Financial Reports to NYSE, China Rapid Finance Announces Business Operations & Board of Directors Changes

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Friday changes in its business operations and to its board of directors. The lender revealed that it has acknowledged its inability to file its annual report on Form 20-F in a… Read More

Assetz Capital Now Seeking £1 Million on Seedrs

UK-based peer-to-peer lending platform Assetz Capital is now seeking £1 million through its new equity crowdfunding campaign on Seedrs. Founded in 2012, Assetz Capital describes itself as a provider of alternative funding sources to SMEs and Property Developers and is one of the fastest-growing peer-to-peer… Read More

OnDeck Announces First Quarter 2019 Financial Results

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Thursday its 2019 first quarter financial results. According to OnDeck, net income of $5.9 million, Adjusted Net Income of $8.3 million and gross revenue of $110.2 million. “Net income was $5.9 million, or $0.07 per diluted share, and decreased from the… Read More

Proplend Makes Property Funding Solutions Available to Individual Commercial Property Owners

Online platform Proplend announced on Wednesday it is making its property funding solutions available to individual owners of commercial property, as well as continuing to provide commercial investment finance solutions to corporate vehicles. According to Proplend, the Proplend loans are available to invest in manually… Read More

Brazilian Marketplace FinanZero Secures $11 Million Through Series B Funding Round

FinanZero, a marketplace for consumer loans in Brazil, announced on Thursday it secured $11 million through its Series B funding round. Participants of the round were Atlant Fonder, Dunross & Co, and Vostok Emerging Finance. As previously reported, FinanZero describes itself as an independent broker… Read More

SoFi Reportedly Seeks $500 Million From Qatar Investment Authority

Fintech unicorn SoFi is reportedly seeking to raise $500 million from the Qatar Investment Authority. The company, which has a valuation of $4.3 billion, has previously raised $2 billion from investors, which includes Manhattan Venture Partners, RSC Capital, SoftBank, Silver Lake Partners, and DCM Ventures. Founded… Read More

Online Lender CrowdProperty Set to Close Seedrs Campaign After Surpassing £1 Million in Funding

Peer-to-peer property lender CrowdProperty will be closing its Seedrs funding round after surpassing £1 million in funding from close to 550 investors. As previously reported, CrowdPropert describes itself as a platform that promotes investments that return up to 8% per annum noting that, to date,… Read More

SoFi Releases SoFi Select 500 (SFY) and SoFi Next 500 (SFYX) Exchange-Trade Funds

Online lending platform SoFi announced on Thursday the availability of two new exchange-traded funds (ETFs), the SoFi Select 500 ETF (NYSE: SFY) and the SoFi Next 500 ETF (NYSE: SFYX). According to SoFi, both funds have fee waivers in place that lower total fund expenses… Read More

Credibly Announces Investment Grade Senior Debt Offering

Less than six months after announcing the first rated securitization of its receivables portfolio, Credibly, a small and medium-sized business lending platform, announced the next phase in its balance sheet growth strategy by launching a $10 million investment grade-rated senior debt offering. The transaction closed late… Read More

Update: P2P Lender CrowdProperty Surpasses £900,000 During the Final Days on Seedrs

Peer-to-peer property lender CrowdProperty is set to close its equity crowdfunding campaign on Seedrs with more than £900,000 in funding from over 500 investors. The campaign, which launched last month,  quickly topped the minimum target of £600,000 for a 3.68% equity stake in the platform…. Read More

Online Lender Upstart Secures $50 Million & Announces New Bank Partnerships

Online lending platform UpStart announced on Monday it secured a $50 million equity investment from Progressive Investment Company Inc., Healthcare of Ontario Pension Plan, and First National Bank of Omaha. Founded in 2012 by ex-Googlers, Upstart is described as a lending platform that leverages artificial intelligence… Read More

Kabbage Completes $700 Million Securitization

Global financial service platform Kabbage announced on Monday it has closed a $700 million securitization. The company claimed it was the largest asset-back securitization (ABS) by a small business online lending platform to date. According to Kabbage, the oversubscribed transaction saw strong demand from both new… Read More

OnDeck Now Offering Same Day Funding For Small Businesses

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Friday it will offer to fund and debit customer bank accounts with Same Day ACH transfers. According to OnDeck, same Day ACH transfers will provide qualified OnDeck Term Loan and Line of Credit customers… Read More

P2P Lender SoLo Funds Announces Mastercard Integration to Expand Access to Affordable Loans

SoLo Funds, a peer-to-peer lending platform that provides instant affordable access to loans,  announced on Thursday its new Mastercard integration, which enables users to link their debit bank accounts to the lender’s platform enabling faster, more seamless lending transactions under $1,000. SoLo Funds reported that… Read More

OnDeck Completes Transaction Combining OnDeck Canada With Evolocity Financial Group

OnDeck (NYSE: ONDK), a small business online lending platform, announced earlier this week it has completed the transaction combining its Canadian operations with Evolocity Financial Group (Evolocity), a Montréal-based online small business lender. According to OnDeck, the transaction combines the local operations, technology and Canadian… Read More

LendingHome Announces First Issuance & Closing of $219 Million Revolving Asset-Backed Securitization

Mortgage marketplace lender LendingHome announced on Tuesday it has completed its first syndicated, revolving securitization of residential transition loans, issuing approximately $208 million of non-rated, asset-backed securities. According to LendingHome, the transaction totaled approximately $219 million in aggregate and was structured with a two-year revolving… Read More

Chinese P2P Lender Lufax’s Valuation Goes Up to $39.4 Billion Following 1.3 Billion Series C Funding Round

Following its Series C funding round, which secured $1.3 million, Chinese peer-to-peer lending platform Lufax Holding has reportedly increased its total estimated valuation to $39.4 billion. Launched in 2012, Lufax provides professional investment and financial services for SMEs and individual customers. The platform is also… Read More

OnDeck Announces Extension of Two Revolving Credit Facilities With Credit Suisse & Deutsche Bank

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday extensions to its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms.  According to OnDeck, the amended facilities provide an aggregate of $360 million of committed funding capacity and are… Read More

Send this to a friend