Tagged: online lender

College Ave Student Loans $65 Million Credit Facility from Guggenheim Investments

Student loan marketplace, College Ave Student Loans, announced on Thursday it secured a $65 million credit facility from Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners.  College Ave Student Loans claimed the credit facility is another marker for it as… Read More

RateSetter Reported ISA Exceeded Expectation in First Year By Attracting £175 Million of Subscriptions

UK-based peer-to-peer lender RateSetter recently announced its ISA has exceeded expectations in its first year, having attracted £175 million of subscriptions, and currently accounts for one-fifth of the platform’s £830 million funds under management. RateSetter unveiled its ISA in February 2018. It allows investments in peer-to-peer loans to… Read More

European Marketplace Lender October Surpasses €100 Million in Loan Repayment

October, the European lending marketplace formerly known as Lendix, announced on Wednesday it has surpassed €100 million in loan repayment. The online lender reported that since its launch more than €250 million has been lent to European companies and nearly 40% of this amount has already been… Read More

Zopa’s Latest Report Reveals 1 in 3 Brits in the Dark on Cash ISA Rate

Peer to peer lender Zopa announced on Wednesday its new research revealed that millions of people across the UK do not know the rate of interest on their Cash ISA, which means billions of pounds are potentially languishing in accounts earning little or no interest… Read More

Assetz Capital Surpasses £700 Million Lending Milestone

UK-based peer-to-peer lending platform Assetz Capital recently surpassed its £700 million lending milestone. According to AltFi, This news comes less than a year after the online lender surpassed £500 million in lending. Founded in 2012, Assetz Capital describes itself as a provider of alternative funding sources to SMEs… Read More

OnDeck Completes $85 Million Corporate Revolving Credit Facility

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Thursday the closing of its $85 million corporate revolving credit facility with a lender group, which included four banks. According to OnDeck, the new committed facility can be used for general corporate purposes and replaces OnDeck’s prior $30… Read More

Fellow Finance Facilitates €18.5 Million of Loans in January 2019

Finland based peer to peer lender Fellow Finance announced on Tuesday its platform hit a record-breaking milestone by facilitating €18.5 million of loans in January 2019. The online lender reported that the total number of investors also grew to 11,205. As previously reported, Fellow Finance was founded in… Read More

RateSetter Milestone: Online Lender Surpasses £3 Billion in Lending

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

LendingTree Acquires Certain Assets of Dubond Infotech Services

Online lending exchange LendingTree(NASDAQ: TREE) announced on Wednesday it has acquired certain assets of Dubond Infotech Services, LLP through a subsidiary after exercising its previously disclosed purchase option acquired in connection with its MagnifyMoney acquisition in June 2017. According to LendingTree, the Dubond transaction was completed on December 31,… Read More

Small Business Lending Software LendingFront Secures $4 Million Though Series A Funding Round Led By Information Venture Partners

LendingFront, a U.S.-based small business lending software provider, has raised $4 million through its Series A funding round, which was led by Information Venture Partners with participation from Newark Venture Partners, Revel Partners, Contour Venture Partners as well as existing investors Struck Capital, ValueStream Ventures… Read More

Chinese P2P Lender Hexindai Announces Funding Sources Partnership With Kunming Aotous

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Wednesday it has formed a funding sources partnership with Kunming Aotou Economic Information Consulting Co., Ltd. (Kunming Aotou).  Hexindai reported that through this agreement it will assess borrowers that are using its risk management and credit… Read More

PINTEC Forms New Partnership With Fullerton Financial to Expand Lending Business in China

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Tuesday it has formed a partnership with Fullerton Credit (FC) to expand digital lending solutions to the Chinese market.  According to PINTEC, FC provides operating and consumer loans for individuals, micro businesses and SMEs, with total cumulative loans disbursed exceeding more… Read More

CommonBond Completes Another AAA Securitization of $399.2 Million In Total Loans

CommonBond, an online lending platform servicing the student loan market,  announced on Thursday it has completed another securitization of $399.2 million in total loans. According to CommonBond, the securitization received AAA ratings from Moody’s and DBRS. The transaction was the lender’s eighth and brings its total securitized loan… Read More

OnDeck Partners With Evolocity Financial Group to Combine Canadian Operations

OnDeck (NYSE: ONDK), a small business online lending platform, announced last week it has entered into a definitive agreement to combine its Canadian lending operations with Evolocity Financial Group (Evolocity), a private Montréal-based online small business lender. According to OnDeck, The combined enterprise, to be branded OnDeck… Read More

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

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