August 10, 2018 @ 8:51 am By Samantha Hurst  |  

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Friday it has further strengthened its risk control system to better protect investors throughout the entire process of borrower acquisition, risk-based pricing, post-loan management, and default risk coverage through its new comprehensive, stable and efficient asset… Read More

August 9, 2018 @ 9:54 am By Samantha Hurst  |  

Online lending platform OnDeck (NYSE: ONDK) announced on Wednesday it closed a $175 million asset-backed revolving credit facility that consisted of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, as well as funds managed by affiliates of Ares Management L.P. (NYSE: ARES). According to OnDeck,… Read More

July 6, 2018 @ 8:24 am By Samantha Hurst  |  

Online small business lender Lendio announced on Thursday it has helped facilitate nearly $120 million in growth capital through more than 5,0000 to small businesses in the state of California. The lending platform has reportedly funded more loans in California than in any other state… Read More

May 3, 2018 @ 8:53 am By Samantha Hurst  |  

Earlier this week, Lendio announced its third annual Top 10 States For Small Business Lending list. According to Lendio, the list’s results were based on lending data from its online lending platform, which matches businesses to nearly 80 lenders. Lendio reported that the key findings… Read More

May 1, 2018 @ 2:05 pm By Samantha Hurst  |  

On Tuesday, CommonBond, an online lending platform servicing the student loan market, released the results of one of the most comprehensive employee financial wellness benefits studies to date. According to the lender, the research revealed the extent to which student debt affects employees’ financial wellness, as well… Read More

February 1, 2018 @ 10:05 am By Samantha Hurst  |  

Earlier this week, online lending platform SoFi announced to its employees that, despite its successes in 2017, it will be laying off 65 employees (5% of its 1,300 workforce) in its mortgage-operations centers in Healdsburg, California and Cottonwood Heights, Utah. According to the Wall Street Journal,… Read More

January 9, 2018 @ 8:46 am By Samantha Hurst  |  

On Monday, online lending platform SoFi announced its 2018 class of SoFi Entrepreneurs. The lender revealed that the ten companies selected for the program stood out amongst the hundreds of applications it received by representing a “diverse set” of industries, backgrounds, and issues they’re trying… Read More

December 29, 2017 @ 10:29 am By Samantha Hurst  |  

Online lending platform for small businesses OnDeck (NYSE: ONDK), the leader in online lending for small business, announced today that a fund managed by an investment advisor subsidiary of BlackRock has joined OnDeck’s platform of financing partners as another committed source of capital to fund… Read More

December 7, 2017 @ 10:41 am By Samantha Hurst  |  

On Thursday, Chinese peer-to-peer lending platform Dianrong announced it has made a series of senior executive announcements. The online lender revealed Founder and former CEO, Soul Htite, has been named Executive Chairman, while Co-Founder and Co-CEO, Kevin Duo, was appointed Co-Chairman of the board. Former… Read More

November 24, 2017 @ 8:45 am By Samantha Hurst  |  

Online lending platform Funding Circle announced on Thursday that it is set to roll out its ISA on November 30th (next Thursday) to all current investors. The lender reported that the ISA launch means that investors will soon be able to earn “attractive, stable returns tax-free.” Funding… Read More

November 20, 2017 @ 10:19 am By Samantha Hurst  |  

Last week, peer-to-peer lender Landbay announced it will be offering up to 25-year mortgage terms starting in January 2018. The lending platform revealed in a blog post: “After listening to feedback from our network of specialist broker partners, and in light of our own industry knowledge… Read More

October 25, 2017 @ 3:51 pm By Samantha Hurst  |  

Lendified, a Canada-based lender who provides small business loans online has entered into an agreement with ClearFlow Commercial Finance to increase its lending capacity. According to the lending platform, through the agreement, ClearFlow is providing it with a $60 million credit facility to fund loans… Read More

October 18, 2017 @ 8:57 am By Samantha Hurst  |  

Online lending platform SoFi recently announced the launch of its Entrepreneur Program 2.0. The company reported that original program was launched four years ago and since then has helped four classes of 70 companies founded by the lender’s members to get off the ground with its… Read More

October 11, 2017 @ 3:29 pm By Samantha Hurst  |  

Marketplace lending platform LendingHome announced on Wednesday it has expanded operations by opening its new office in Pittsburgh. The online lender revealed it plans to bring a total of 50 well-paying financial technology jobs to Pittsburgh over the next year.  Co-Founder and CEO Matt Humphrey, who is Pittsburgh native… Read More

July 31, 2017 @ 10:30 am By Samantha Hurst  |  

LandlordInvest, the peer-to-peer lending platform for residential and commercial mortgages, announced on Monday it has completed a £740,741 bridging loan secured over a residential investment property in Wembley, Middlesex for a professional landlord with a substantial real estate portfolio. This transaction is notably the online lender’s… Read More

November 4, 2016 @ 9:47 am By Samantha Hurst  |  

On Thursday, online lender for small business OnDeck (NYSE: ONDK) released its 2016 third quarter results. The platform shared that the report revealed its Loans Under Management saw an increase of 44% year-over-year to $1.1 billion, Originations by 27% to $613 million, and gross revenue by 15%… Read More