Tagged: online lending

Funding Circle to Launch New Version of Autobid & Autosell Lending, Investors Will No Longer Be Able to Choose Single Loans

On Monday, Funding Circle announced it is set to launch a new version of its existing Autobid and Autosell lending tools. Funding Circle will be eliminating the option to manually choose which businesses an investor may lend to and which loan parts to sell will be… Read More

RateSetter Withdraws From the UK Peer to Peer Finance Association [u]

On Friday, P2P lending platform RateSetter announced it has withdrawn from the Peer-to-Peer Finance Association (P2PFA). This news comes less than a month after the online lender was hit with a series of significant operational challenges as several large loans have struggled. RateSetter stated; “Following our… Read More

Singapore Fintech Hub: Dominant for Now As Regulations Count

Singapore has worked hard to gain, and retain, the crown of Asian Fintech Hub and you can guarantee it won’t give it up without a fight. There are several countries that are in the race. Recently both Australia and Hong Kong have staked a claim… Read More

Credible Adds Alan Gellman as Chief Marketing Officer

Former Wells Fargo digital marketing executive Alan Gellman has joined multi-lender marketplace Credible as Chief Marketing Officer. Most recently, Gellman was Esurance CMO and will now be Credible’s first CMO. While at Esurance, a self-directed insurance platform, Gellman was named one of “The 50 Most Innovative… Read More

Largest Lender: Funding Societies is First P2P Lender to Join International Association of Credit Portfolio Managers

Singapore based Funding Societies has become the first peer-to-peer lending platform to become a member of the International Association of Credit Portfolio Managers (IACPM), a prestigious forum for credit risk management. Funding Societies also reported that risk expert Terry Tse has joined the online lender’s… Read More

ThinCats Helps Academy of Contemporary Music Secure £2.4 Million

Peer to peer lender ThinCats has facilitated a £2.4 million loan for the Academy of Contemporary Music (ACM) as part of a growth initiative by the Academy. Founded in 1997 to provide higher education courses for students in the contemporary music and arts arena, ACM… Read More

Prosper Progress: Online Lender Reports Strong Q2 Growth, Closes $500 Million Securitization

Prosper Marketplace, a leading marketplace lending platform, has reported improved numbers for the second quarter.  Prosper has shared that it generated positive operating cash flow for the quarter and originations rocketed up 74% year over year. Prosper said they experienced strong demand for its personal… Read More

Chatter Increases that Earnest is Up for Sale. Again.

Back in May, Crowdfund Insider reported that Earnest, an online lender providing personal loans, was up for sale. Referencing a report in Bloomberg, the rumor was quickly squashed by Earnest representatives who told this publication they were absolutely not for sale. Additionally, a reported securitization… Read More

China: WeiyangX Fintech Review

China Sets up Centralized Clearing Platform for Online Payments The People’s Bank of China, the country’s central bank, has required all banks and third-party payment institutions to connect to a unified platform by June 30 of 2018 to ensure effective regulation and transaction security. The… Read More

Zopa Announces Loan Sale Pricing Update Following Loan Glitch

On Friday, online lender Zopa announced an update on its loan sale pricing. The lending platform reported that it has made some changes to how it works out the value of loans for more accurate pricing. But, due to technical issues, some investors may have paid… Read More

PayPal Buys SME Lender Swift Financial

PayPal has acquired Swift Financial (not to be confused with Swift the global banking messaging platform). The purchase will buttress PayPal Working Capital, a lending segment of PayPal that provides SMEs access to capital. Headquartered in Delaware, Swift Financial was established in 2006 to provide… Read More

LendingClub CIO: Delinquencies Decline as Marketplace Lending Model Continues to Improve

LendingClub‘s (NYSE:LC) CIO has posted an update on the online lenders performance including some perspective into the LendingClub model. The executive explains that part of the power of the marketplace lending model is the iterative nature of the loan making process. Over time, data generated… Read More

Funding Circle Revamp: Online Lender Announces New Look & Feel to Platform

On Thursday, online lender Funding Circle announced it is revamping its platform by offering a new look and feel. The lending portal also announced its new motto, Made to Do More. It was revealed: “Since  2010, we’ve been proudly helping small businesses (32,000 and counting!)… Read More

Ablrate Receives Rapid Response to Recently Launched IFISA

Asset-backed lending platform Ablrate announced it has received a rapid response following the launch of its new flexible IFISA. The online lender revealed the exciting news on Twitter. 80 IFISAs opened with Ablrate in 48 hours with £350,000 deposited. Get your tax free trading account… Read More

Billie to Offer SMEs Invoice Financing with Support from Wirecard

Berlin based Billie will now offer SME invoice financing following an agreement inked with Wirecard. Billie will offer SMEs and freelancers the opportunity to pre-finance their invoices by purchasing all liabilities from third parties and settling the outstanding amount. Wirecard, a supplier of digital payment solutions,… Read More

Robo.Cash Update: Investments Jump 30% in July

Robo.Cash, an automated peer to peer lending platform with a buyback guarantee, reports that July was a solid month for the online lender as investments jumped 30%. The young platform was launched in February.  In the first half of the year, Robo.Cash says that over… Read More

Biz2Credit’s Latest Small Business Lending Index Reveals: Loan Approval Rates at Big Banks Reached New Post-Recession High in July 2017

On Tuesday, Biz2Credit announced the release of its latest monthly analysis, which revealed that loan approval rates at big banks ($10 billion-plus in assets) increased to a new post-recession high in July 2017 and the loan approval percentages of institutional investors also set a new… Read More

StreetShares Appoints Former Capital One Executive Heather Tuason As New Chief Product Officer

Financing military veteran-owned small businesses lender StreetShares announced appointed former Capital One Senior Vice President of Small Business, Heather Tuason, as its new Chief Product Officer. According to StreetShares, in her role as Chief Product Officer, Tuason will accelerate the growth of StreetShares lending and investment products… Read More

Online Lender Better Mortgage Now Available in 13 States as it Expands into Florida

Better Mortgage is now available in 13 different states as it has received a license to lend to house hunters in Florida.  The Sunshine state is an important addition to the online lenders services as Florida is a popular vacation home state. Better Mortgage says it… Read More

Westpac Banking Invests $40 Million into zipMoney

zipMoney (ASX:ZML) has announced a $40 million strategic investment from Westpac Banking (ASX:WBC). The investment was paired with an agreement for the two companies to explore the integration of Zip’s products and services into Westpac’s network across Australia. The investment will be by subscription of… Read More