Tagged: online lending

CrowdProperty Now Seeking £600,000 Through Seedrs Funding Round

CrowdProperty, a UK-based specialist property peer to peer lender, announces on Friday the launch of its new crowdfunding campaign on Seedrs, following full FCA Authorisation and surpassing £10m million lending milestone. The online lending platform is currently seeking £600,000 to fund investment in talent, tech… Read More

CFPB Guns for Think Finance. Files Suit Alleging Consumer Deception in Repaying Loans Not Legally Owned

The Consumer Financial Protection Bureau (CFPB) has filed suit in federal court against Think Finance, a Fintech that leverages its technology to power online lending platforms. Think Finance provides software technology, analytics, loan servicing, and marketing services. The CFPB says the suit was filed for… Read More

Online Lender WeShareBonds Raises €12 Million in Mission to Help Finance French SMEs

WeShareBonds, an AMF-registered crowd lending platform, has raised €12 million to continue financing French SMEs. The new funding includes both the closing of WeShareBonds’ second credit fund (Prêtons aux PME 2018) to finance French SMEs for €10 million and an equity increase of €2 million… Read More

Online Lender Lendix Launches Flexible SME Bridge Loans in France, Spain & Italy

Lendix, online lender for SMEs in continental Europe, has announced the launch of a new financing product: the Flexible Bridge Loan. This product is designed to will allow a greater number of French, Spanish and Italian SMEs to benefit from the speed of execution of… Read More

Prosper Releases Third Quarter 2017 Results: Loan Originations Up 164% Year-Over-Year

On Monday, leading peer-to-peer lending platform for consumer loans, Prosper, reported growth in both transaction revenue and loan originations for the third quarter of 2017. The online lender claimed that the continued demand for personal loan product resulted in $822 million in loan originations through its… Read More

Australian Online Lender Prospa Tops Key Milestone as it Originates Over $500 Million in Loans

Prospa has claimed first in the race to originate over half a billion in small business loans. The online lender states that over the past 12 months, Prospa has experienced dramatic growth, doubling the size of its loan book. Prospa has now provided credit to… Read More

Square Reports Q3 Earnings as Business Lending Jumps 45% Year over Year

Square (NYSE:SQ), a growing Fintech and payments platform, reported earnings after the bell today. Square saw “ongoing strength” in transaction, subscription and services-based revenue. Top-line revenue grew from the Q2 of 2017 increasing 33% year over year, up from 26%.  Gross Payment Volume (GPV) jumped… Read More

Huge: Mobile Lending Company WeLab Raises $220 Million with Backing from Alibaba

One of the fastest growing Fintech’s in China has raised USD $220 million. WeLab, a Hong Kong-based mobile lending platform founded in 2013, has closed funding round of $220 million including both strategic debt and equity funding with the backing of Alibaba Hong Kong Entrepreneurs Fund,… Read More

Online Lender Fincera Announces 2 For 1 Stock Split

Fincera (OTCQB:YUANF) , a China based peer to peer online lender targeting small and medium-sized businesses and individuals in China, has announced that its Board of Directors has approved a 2 for 1 stock split of the Fincera’s outstanding shares of common stock in the… Read More

Lendy Update: Breaks Previous Monthly Loan Repayment Record; Recovers £20 Million in October 2017

UK-based peer-to-peer property platform Lendy announced on Thursday it has broken all previous records for loan repayments generated in any one month, recovering £20 million in total in October 2017 alone. The online lender reported that this exceeds its previous September 2016 high of £14.5 million. The… Read More

Growth Street Milestone: P2P Business Lender Surpasses £100 Million of Lending

UK-based peer-to-peer business lender Growth Street has successfully surpassed £100 million in online lending. The platform, which was launched in 2013, allows investors to lend to small-and medium-size businesses using a flexible working capital solution. According to Peer2Peer Finance News, along with its lending milestone, Growth… Read More

Karen Mills: Predictions for the Future of Small Business Lending and Fintech

Several years back while at LendIt Europe in London, I had the opportunity to sit down with Karen Mills a Senior Fellow at the Harvard Business School Harvard. Mills previously was a Cabinet Member during the Obama Administration from 2009 to 2013. At that time,… Read More

Assetz Capital Returns to Equity Crowdfunding Platform Seedrs For More Growth Funds

Less than two and a half years after successfully raising more than £3.2 million through its Seedrs campaign, peer-to-peer lending platform Assetz Capital has returned to the equity crowdfunding platform to raise more growth funds. The news of Assetz Capital’s latest funding round comes just after… Read More

Latvian P2P Platform DoFinance Now Available for Investments from Legal Entities

On Tuesday, Latvian peer-to-peer lending platform DoFinance announced it is now available for investments from legal entities. According to the online lender, it is already offering investment options for individuals and is operating in both European and Asian markets. According to DoFinance, for both individuals… Read More

PeerIQ & Mosaic Partner on Solar Loan Asset Backed Securitization

PeerIQ, a leading provider of loan-level analytics that is big into the alternative finance space, has partnered with  Mosaic on a $307 million loan securitization. Mosaic is a leader in the solar financing sector. Launching as a peer to peer lender, Mosaic has shifted into… Read More

SocietyOne Takes On Comprehensive Credit Reporting Role in Australia

Marketplace lender SocietyOne announced on Monday it is set to provide positive consumer credit information to credit bureaus as part of the move to establish a fully-fledged comprehensive credit reporting (CCR) regime in the country of Australia. The online lender stated it will start sending… Read More

Perspective: Building a World-Class Risk Team

What is a world-class risk team and how do you build one? I’m often asked that question as Chief Risk Officer of BlueVine. Like other Fintech lenders, we are intensely focused on risk. Building a world-class risk team has been and will always be a… Read More

ING Expands SME Lending in France & Italy

ING announced this week it has started to offer online lending to small and medium enterprises (SMEs) in France and Italy. According to ING, this proposition fits its strategy to grow its lending business to SMEs and creating a differentiating customer experience. The offering has… Read More

Largest & Highest Rated: CommonBond Closes $248 Million Securitization

CommonBond, an online lender that helps students and graduates finance their loans, has closed a $248 million securitization of refinanced student loans. This is the largest and highest rated securitization for the Fintech to date. The offering’s most senior notes achieved AA ratings from Moody’s,… Read More

SoFi Tops $25 Billion in Loan Originations

SoFi recently topped $25 billion in loan originations, according to a tweet by the Fintech platform.. The company also claims a growing community of just under 400,000 users. The online lender skipped over the standard milestone release and shared the information via social media. The positive… Read More