Tagged: online lending

Online Lender October Signs United Nation’s Principles for Responsible Investing

October, a European marketplace lending platform for SMEs has signed the United Nation’s “Principles for Responsible Investing.” October claims to be one of the first online lenders to agree to the “UN PRI.” The UN PRI defines responsible investment as a “strategy and practice to… Read More

San Francisco-based Fintech Migo Raises $20 Million in Round Led by New York’s Valor Capital Group

San Francisco-headquartered Migo, a Fintech firm that has developed a cloud-based lending solution, revealed on December 3 that it secured $20 million following the first closing of its Series B investment round. New York-based Valor Capital Group, an international VC firm with a special focus… Read More

P2P Lender Zopa Raises £140 Million as it Nears Launch of Digital Bank

Peer to peer lending platform Zopa raised £140 million, the company’s largest funding round since launch. According to a note from Zopa, the additional capital will enable Zopa’s banking entity to “fulfill its regulatory capital requirements.” This is key to removing its current restrictions on… Read More

Funding Circle Unveils £250 Million Securitization of SME Loans With Waterfall Asset Management

Funding Circle lobby

Marketplace lending company Funding Circle (LSE:FCH) recently unveiled its £250 million securitization of SME loans with Waterfall Asset Management. The duo reported that the portfolio brings the total amount of UK Funding Circle loans securitized to £1 billion and the deal will notably open up… Read More

Pan-European Consumer Lending Platform Younited Credit Launches Dedicated B2B Business Unit

Younited Credit, the consumer lending platform with a presence in six European countries, announced the launch of a new business unit dedicated to its BtoB offering, Younited Business Solutions. Younited Business Solutions is targeting banks, insurers, mobile operators, merchant sites, and payment service providers. It… Read More

China Central Bank Claims to Have Closed Majority of Lending Platforms and 173 Cryptocurrency Entities

Following reports of multiple “rectification” incidents executed against cryptocurrency businesses in China last week, including alleged raids on a Binance office in Beijing, the People’s Bank of China (PBOC) announced November 25th that it has closed two-thirds of the country’s online lending institutions and 173… Read More

Decimal Factor Tops £850,000 Goal on Seedrs

Decimal Factor has topped its £850,000 crowdfunding goal on Seedrs. The Fintech is offering a 4.76% equity stake at a pre-money valuation of £17 million and has now inched into over-funding mode. So far, 88 investors have backed the firm representing an average investment of… Read More

Peer to Peer Lending Firm Amartha Finalizes Series B Funding Round Led by LINE Ventures

Peer to peer lending firm Amartha has finalized a Series B investment round led by LINE Ventures, the venture capital division of giant messaging app LINE. The funds raised will be used to further expand Amartha’s operations to include more women and underprivileged families based… Read More

Alchemy Technologies Partners with Plaid for Improved Lending Decisions

Alchemy Technologies, a Fintech infrastructure company providing online lending tools and platforms, has formed a partnership with Plaid – a company that creates tech to connect traditional finance with modern Fintech services. Alchemy will be providing Plaid with a service to support account and asset… Read More

CommonBond Announces New Tech Solution for Financial Institutions “CommonBond Ignite”

CommonBond, an online lending platform servicing the student loan market, announced on Wednesday the launch of CommonBond Ignite, which is described as a tailor-made solution for large financial institutions to acquire the right customers, with the right products, at the right time. According to CommonBond,… Read More

Online Lender TWINO Group Tops €1 billion in Originated Loans, Appoints New CEO Anastasija Oleinika as CEO

TWINO Group, a European peer to peer lending platform, has topped €1 billion in originated loans, according to a company release. Launched in Latvia in 2009, TWINO reports half of the billion Euros in lending has been issued in the past three years as the… Read More

Mintos Recognized as Alternative Finance Platform of the Year

Mintos, a marketplace for investing in loans that has facilitated nearly €4 billion, has been recognized as the Alternative Finance Platform of The Year and People’s Choice during AltFi Awards 2019. The recognition took place on the 18 November during the annual AltFi Berlin Summit. Mintos… Read More

Smart Lenders AM Launches New Investment Fund Specialized in Marketplace Lending

Smart Lenders AM announces the upcoming launch of a new fund dedicated to financing loans to European SMEs issued through marketplace lending platforms (crowdlending). Smart Lenders AM is an asset management firm that specializes exclusively in financing loans issued by online marketplace lenders. Established in… Read More

Office of the Comptroller of the Currency Proposes Clarification for “Valid When Made” Related to Madden v. Midland Lawsuit

The Office of the Comptroller of the Currency (OCC) is proposing to “clarify” the “valid when made” issue regarding lending. The OCC is soliciting comments now on the proposal. To quote the OCC: “[the proposed] rule to clarify that when a national bank or savings… Read More

China Rapid Finance Regains Compliance With New York Stock Exchange’s Continued Listing Requirements

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Thursday two developments that mark significant progress in regaining compliance with the New York Stock Exchange’s Continued Listing requirements. China Rapid Finance reported that it completed its 2018 financial statement audit… Read More

Online Lending Platform October Celebrates One-Year Anniversary in the Netherlands

October Nederland, a financing platform for small and medium-sized enterprises (SMEs) in Europe, celebrated its one-year anniversary on October 31, 2019. The firm’s application to operate as a Netherlands-based lending platform was approved last year by the Dutch Authority for the Financial Markets. October (formerly… Read More

Germany: SMEs are Finding it Harder to Receive Bank Financing Reports creditshelf

SME online lender creditshelf says banks are becoming more skeptical about investing in small businesses in Germany. creditshelf claims that last year only every third company had problems with bank financing, now every second medium-sized company encounters resistance from its house bank. It has been… Read More

Spain: Banco Sabadell to Partner with Fintech Nemuru to Provide Instant Loans for Renovations

Banco Sabadell, a bank based in Barcelona, has reached a partnership agreement with Nemuru – a Fintech that seeks to make it easier for professionals in the renovations sector to offer their customers instant loans at the point of sale. Banco Sabadell reports that the… Read More

Robocash Tops $500 Million Loans Issued

Robocash Group is reporting that during Q3 of 2019 cumulative loan volume across their lending platforms amounted to $500 million. According to Robocash, in Q3 2019 Russia had 63% of all loans issued, Kazakhstan – 15% and Spain – 4%. At the same time, the… Read More

Fintech ID Finance Raises £4.95 Million on Crowdcube, Claims Record for Spain

ID Finance, based in Barcelona, has closed its crowdfunding round raising £4.95 million. The equity offering was listed on Crowdcube Spain and topped the previous record for equity crowdfunding in the country. ID Finance is an online lender, data and credit scoring company operating in… Read More

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