Tagged: online lending

Marketplace Lender Prosper Reports that 78% of Originations Rated AA-B in May 2021, with $13K Avg Loan Size

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of May 2021. As noted in the report from Prosper, dated June 15, 2021: In May 2021,… Read More

Kabbage Adds Digital Checking to Platform

Kabbage, an online lending Fintech that was acquired by American Express (NYSE:AXP) has announced the launch of “Kabbage Checking,” said to be the first business checking account offered by American Express and built for U.S. small businesses. To help encourage uptake of the new service,… Read More

Loan Approval Rates Creep Up Post-PPP: Biz2Credit

Loan approval percentages at both big and small banks inched up in May, with smaller banks remaining more generous. That data comes from Biz2Credit’s Small Business Lending Index, which was released earlier today. It showed those banks with at least $10 billion in assets approved… Read More

New Agreement Said to Make Flexiti Top Point of Sale Lender in Canada

Flexiti, a point of sale lender, has announced that following a new agreement it is now the largest point of sale lender in Canada. Announced in a corporate release, Flexiti said that it has become the exclusive Fintech lender with the LFL Group (TSX: LNF)… Read More

Fintech CrossLend Joins the Association of German Credit Platforms

Online credit marketplace CrossLend GmbH has joined the Association of German Credit Platforms (VdK) as a full member. CrossLend is a Fintech authorized and regulated by the Federal Financial Supervisory Authority and regulated by the Luxembourg CSSF. The Association of German Credit Platforms advocates for… Read More

Funding Circle Receives Recovery Loan Scheme Accreditation

Funding Circle lobby

  Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the U.S. and parts of Europe, recently announced it received accreditation under the British Business Bank’s Recovery Loan Scheme (RLS). Funding Circle reported that RLS loans will be offered alongside the platform’s… Read More

Funding Circle Announces £300 Million Lending Partnership With Atom Bank

  Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the U.S. and parts of Europe, announced on Friday it has teamed up with Atom Bank to provide £300 million of new funding to small businesses. Through the collaboration, Atom will use… Read More

Blend Network CEO: 2020 Will Be Known as Year Seeing a Decade of Digital Transformation

We recently connected with Yann Murciano, CEO at UK-based Blend Network, an online peer to peer (P2P) lender. Murciano talked extensively about the “unbundling” of banking and FinTech, and how now we are witnessing the “rebundling” of banking and FinTech again. He pointed out that… Read More

Marketplace Lender Prosper Reports Relatively Stable Loan to Income Ratio for April 2021

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared performance data from the Prosper Portfolio for April 2021. Prosper Performance Update – April 2021: Highlights from the report include: In April, “approximately 78%… Read More

Unique Student Debt Platform Spinwheel Closes on $11 Million Funding Round

Spinwheel, a unique student debt service, has closed on a solid $11 million funding led by some prominent Fintech investors. QED Investors was joined by Core Innovation Capital, Fika Ventures, and Firebolt Ventures in the funding. Spinwheel provides a series of APIs, that can be… Read More

Gregoire de Lestapis, CEO at Online SME Lender October’s Spanish Division, Shares Latest Market Insights

Gregoire de Lestapis, CEO of October (Spain), a European online lender, recently noted that Spain is a country with many SMEs. Gregoire revealed during a recent interview that Spanish SMEs “account for 99% of the total companies in the country, and 70% of employment and… Read More

Aussie Online Lender Prospa Tops $2 billion in Lending

Prospa Group Limited (ASX: PGL ) has topped $2 billion in lending to SMEs in Australia and New Zealand. In a public statement, Prospa said the milestone arrived after a solid increase in loan originations due to pent-up demand from small businesses. For the month… Read More

Mike Cagney from Figure Technologies Says their Blockchain Enabled Provenance Platform can Open Up Universe of Security Tokens

Figure Securities, a division of the digital lending service provider Figure Technologies, has reportedly acquired approval from the US Securities and Exchange Commission (SEC) to serve as a broker-dealer and also operate as an SEC-registered Alternative Trading System for digital securities that are custodied on… Read More

Overfunding: Eastern Europe P2P Lending Platform Fagura Quickly Surpasses €200,000 Funding Target Through Seedrs Investment Round

Fagura, an Eastern Europe peer-to-peer (P2P) lending platform, has quickly secured its initial €200,000 funding target through its equity crowdfunding campaign on Seedrs. The funding round, which recently made its debut, has already attracted nearly 175 Seedrs investors so far. Founded in 2018, Figure states it is a… Read More

EstateGuru Raises €1.4 million in Just Days on Seedrs

EstateGuru, an online lending platform that offers retail investors the ability to back loans secured by property, has closed its securities offering on Seedrs having raised €1,393,817 from 938 investors in just nine days on Seedrs – closing ahead of schedule. As was previously reported,… Read More

UK Fintech Sharegain Launches Securities Lending Product “BetterLend”

    Sharegain, a UK-based fintech, announced earlier this week it has launched BetterLend. According to Sharegain, BetterLend allows clients to deliver social and environmental change through their securities lending actives. “Through BetterLend, Sharegain clients are using their lending activity to create positive change across four… Read More

U.S. Digital Lending Platform Roostify Appoints Bill Elderton As New Chief Technology Officer

Roostify, a U.S.-based digital lending platform, announced on Monday it has appointed Bill Elderton as its new Chief Technology Officer. Roostify reported that Elderton will oversee the design, development, and execution of the company’s innovative technology roadmap. According to Roostify, Elderton previously was Senior Vice President of Development and… Read More

Forward Flow, a Product for Crowdlending, Introduced by Kviku on Mintos in Euros and Russian Rouble

Peer to peer lending marketplace Mintos reports that in November 2020, Kviku introduced Forward Flow in Euro on Mintos. Now, the company is pleased to announce that it’s offering Forward Flow also in RUB (the Russian ruble). As noted by Mintos: “Forward Flow is a… Read More

Milestone: Lendio Surpasses 213,000 PPP Loans; Totaling to Nearly $10 Billion

  Online lending platform Lendio recently announced it has facilitated more than 213,000 Paycheck Protection Program (PPP) loan approvals, totaling $9.8 billion. According to Lendio, the PPP re-opened in January 2021 with new rules implemented by Congress intended to equitize access to relief funding for minority-owned… Read More

Prospa Releases Trading Report: Loan Volumes Returning Faster than Anticipated

Prospa (ASX:PGL), an online lender serving Australia and New Zealand, has released a Q3 2021 trading report stating that loan origination volumes have returned to pre-COVID levels faster than anticipated. According to the company, loan originations in Q3 2021 (Jan-March) stood at $121 million –… Read More

Send this to a friend