Tagged: online lending

P2Binvestor Secures Over $17 Million Through Latest Funding Round to Extend Bank Partnership Program

Marketplace lender P2Binvestor (P2Bi) announced on Thursday it secured more than $17 million in funding from over 20 participants to expand its bank partnership program. ACcording to P2Bi, this was its fourth round of funding and, with the combination of debt and equity, brings its total equity… Read More

Peoples Trust Company Acquires Online Lending Platform Lendful

Peoples Trust Company, a federally chartered financial institution that has provided financial services to Canadians, announced this week it has acquired Vancouver-based online lending platform Lendful. According to the duo, Peoples Group’s key mission is to exceed customers’ expectation by providing access to financial products within select markets…. Read More

Banco BNI Europa Commits to €50 Million to Linked Finance to Lend to Irish SMEs

Marketplace lending platform Linked Finance has secured a commitment from Portugal’s Banco BNI Europa, who will provide up to €50 million over a 2-year period, to lend to Irish SMEs. Niall Dorrian, CEO of Linked Finance, called the decision by Banco BNI Europa to deploy… Read More

Bright Will Provide Global Loans to Businesses in Decentralized Marketplace, Plans Token Sale

Bright, company that is developing a “verified business data ecosystem using data provided by the MSMEs,” says it will use the information to provide loans to businesses. Bright said it will provide loans to businesses through BrightBank and allow MSMEs (micro, small and medium sized… Read More

P2P Lender Hexindai Joins Nandu Finance Digital Union

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Tuesday it was officially accepted as a member of the Nandu Finance Digital Union on June 11th. The lending platform reported that the Union, which was launched in April 2018 by the Nanfang Metropolis Daily and the Nandu Finance… Read More

Board Members Resign as Ranger Direct Lending Fund Preps for Wind Down

Ranger Direct Lending Fund is preparing to wind down operations due to struggling returns and a dust up with a large shareholder. In an announcement today, Christopher Waldron, Chairman, and Director Matthew Mulford have both confirmed that they will resign immediately, both citing the fact the… Read More

Peer to Peer Micro-Credit Site Puddle Shuts Down

puddlePuddle, an online lender that provided micro-credit in a peer to peer platform, is shutting down. In an email circulated by the company, Puddle founders stated that after five years of operation the businesses model was “unsustainable.” Founded in 2012, the site was envisioned as… Read More

RateSetter Reports IFISA Tops £100 Million in Record Time

UK based peer-to-peer lender RateSetter is reporting that subscriptions to its IFISA have surpassed £100 million. This milestone took four months to reach and, according to RateSetter, faster than any other P2P lender. To date, RateSetter has originated over £2.5 billion in online loans to… Read More

Oxford Economics Reports That Lending Through Funding Circle’s Platform Unlocked 45,000 British Jobs in 2017

Funding Circle announced on Wednesday that a new report published by Oxford Economics revealed that lending through its online lending platform unlocked 45,000 jobs in the UK in 2017. It was reported that lending through Funding Circle’s platform contributed £2.4 billion to the economy and… Read More

Crypto Online Lender Unchained Capital Closes $2.995 Million Seed Round

Online lender Unchained Capital has closed on a $2.995 million seed round, including a $595k SAFE. Investors included, Michael Komaransky, Brian Spaly, Mike W. Erwin and Whurley of Ecliptic Capital, and Ezra Galston of Starting Line. In addition to making investments this round, Komaransky, Erwin and Galston… Read More

LendInvest’s Buy to Let Product Propels Boom in Hiring as Demand Surges

  Online mortgage lender LendInvest reports it is scrambling to hire new employees due to the demand of its Buy-to-Let (BTL) product. The LendInvest team has now grown to 15 people in the short period since the  BTL product was launched in November 2017. Antonia… Read More

BlueVine Raises $60 Million in Series E Funding led by Menlo Ventures

Online lender BlueVine announced on Tuesday it raised $60 million through its Series E Funding Round, which was led by Menlo Ventures, and includes new investors, such as SVB Capital. All major existing investors also participated. The funding round comes just a little over a month… Read More

Leading European Online Lender Lendix Receives €32 Million Investment

Lendix, a Paris based online lender that claims to be the number one SME lender in all of continental Europe, has received a new €32 million funding round for its European development. Investors in this round include Idinvest Partners, Allianz France and CIR S.p.A. (a… Read More

Report on Online Lending: Every $1 in Loans Drives $3.79 in Gross Output

A report on online lending is promoting the benefits of providing access to capital for small businesses in the US. As we all know, small business is absolutely vital to the health of the economy. If SMEs don’t have access to credit the economy suffers… Read More

LendingTree Forms Partnership With Autotrader & Kelley Blue Book to Offer Shoppers Auto Lending Options

Autotrader and Kelley Blue Book announced earlier this week it is working with LendingTree to offer more auto lending options. While sharing details about the new collaboration, Jai Macker, Senior Vice President of Product at Cox Automotive, the mother company of Autotrader and Kelley Blue… Read More

P2P Lender RateSetter Has Now Topped £2.5 Billion in Loan Originations.

UK based peer to peer lending platform RateSetter has topped £2.5 billion in loan originations, according to a note from the company. The online lender provides credit to both individuals and UK SMEs. The milestone comes just as RateSetter announced that it had generated £100… Read More

Sberbank Offers More Than RUB 535 Billion in Loans to Russian SMEs Since Start of 2018

Sberbank announced on Thursday it has extended more than ₽535 billion in loans to SMEs since the start of 2018. The bank reported that over the first four months of 2018, lending to SMEs increased by 74.4% vs. the same period in 2017. “Sberbank has… Read More

Lendix Appoints Luuc Mannaerts As New CEO of Lender Nederland

Earlier this week, France-based online lending platform Lendix announced it has appointed Luuc Mannaerts as the new CEO of Lender Nederland, Lendix’s Dutch subsidiary. According to the online lender, Mannaerts has more than 20 years of experience in the Dutch and European banking sector. Prior to… Read More

Report: Goldman Sachs to Enter Online Lending Industry in UK & Germany as Marcus Expands

Marcus, a fast emerging digital only challenger bank, is poised to enter the UK market and then cross the channel to set up operations in Germany. This is according to multiple reports as the erstwhile online lender leverages its successful US tech in other markets…. Read More

Prosper Announces First Quarter of 2018 Results: Loan Originations Up 27% Year-over-Year & More Than $2 Billion of Co-Sponsored Securitizations Closed

Prosper, a peer-to-peer lending platform connecting borrowers and investors, reported earlier this week its financial results for the first quarter of 2018. The online lender revealed that loan originations increased 27% year-over-year to $744 million, driven by strong demand for the company’s personal loan product… Read More