Tagged: online lending

Digital Lenders Association of India & PwC Publish Report on Impact of Fintech

The Digital Lenders Association of India (DLAI), a private association formed by leading Fintech companies in the online lending space such as KredX, Capital Float, Lendingkart, Finomena, Rubique, Zest Money, Indialends and Neogrowth, has released a report entitled Union Budget 2017: Impact of Digital Financial Services…. Read More

LendingCrowd Launches Innovative Finance ISA

LendingCrowd, one of the UK’s fastest-growing alternative finance lenders to the SME market, announced on Thursday it launched one of the first Innovative Finance ISAs (IFISAs) by a peer-to-peer lender with a target rate of return of 6% a year. The online lender revealed that with… Read More

Jefferies “Triples Down” on Bond Street with $300 Million Loan Purchase Commitment

Bond Street, an online small business lender, has announced that investment bank Jefferies Group has tripled its loan purchase commitment to $300 million. Back in 2015, Jefferies committed to $100 million in loan purchases. The increase by Jefferies represents a solid endorsement of the Bond Street platform and a… Read More

Here is Lending Club’s Q4 Earnings Presentation (Deck)

Lending Club (NYSE:LC) has reported Q4 2016 earnings along with forward-looking statements for 2017. Lending Club reported that loan originations in Q4 of 2016 were $1.99 billion, or 1% higher compared to the $1.97 billion reported in Q3 of 2016 and down 23% compared to $2.58 billion in the… Read More

Ram Ahluwalia of PeerIQ Shares the Future of Online Lending

In the online lending world, there are a handful of people that know everything that is going on. From the good to the not so good, their vantage point is unique. Ram Ahluwalia, CEO and co-founder of PeerIQ, is one of these individuals. Ahluwalia launched PeerIQ in… Read More

The Potential of “Crowdlending” (Video)

Therese Torris, Senior Contributing Editor for Crowdfund Insider, recently visited the offices of Misys to discuss alternative finance. Misys is a large UK based financial services software provider offering solutions for retail and corporate banking along with capital markets applications.  Misys claims more than 2000… Read More

New Hires at P2P Lender Thincats

Online lender ThinCats predicts a major recruitment drive for 2017. The Peer to Business lender has just appointed as Business Development Executive for its Origination Team. ThinCats says Takhar is just one of multiple strategic hires designed to boost growth and strengthen reach into the… Read More

Lendio Reveals 2016 Fourth Quarter/Fiscal Year Reports & Executive Promotions

Marketplace lender Lendio announced on Tuesday its 2016 fourth quarter and fiscal year reports, which revealed it helped facilitate more than $70 million in financing through its marketplace of more than 75 small business lenders during fourth quarter 2016, with more than 3,300 small businesses funded during… Read More

Biz2Credit Reports: Small Biz Loan Approval Rates Improve to New Highs at Big Banks

Loan approval rates at big banks ($10 billion+ in assets) picked up where they left off in 2016, improving to post-recession highs in January 2017, according to the most recent Biz2Credit Small Business Lending Index. This monthly report analyzed over 1,000 small business loan applications on… Read More

China Report Says Almost Half Million Cases of P2P Lending Problems

A report in China News says there was a “surge in problematic peer to peer online lending” during 2015 and 2016. Referencing financial news portal Finance.ifeng.com, the report said there were 478,000 cases at the end of January of individual investors filing complaints against problematic… Read More

4Finance Has Topped €4 Billion in Loans: 33% of All Loan Applications are Via Smartphones

4finance Group, a lender that claims the title of Europe’s largest online and mobile consumer lending company, has surpassed €4 billion in loans since its f0unding in 2008. 4Finance says the milestone was passed in January following a year of solid growth.  During 2016, 4Finance issued… Read More

LQD Claims Title of Next Generation of Alternative Business Lender

Balance sheet lender LQD Business Finance grew quickly last year. It closed $33 million in lending during 2016 as it processed $140 million in loan applications.  LQD anticipates growing its origination run rate to $80 million by the end of 2017. During 2018 they expect… Read More

SME Lender Lendix Launches First Spanish Project, Lenders Across Europe May Invest

Just as Funding Circle is pulling out of Spain, peer to peer lender Lendix is moving in and announcing its first Spanish project. Following approval by the Comisión Nacional del Mercado de Valores (CNMV), Lendix has posted an opportunity to lend to JIZ Operaciones SL,… Read More

auxmoney Adds Fully Digital Application for Online Borrowers

German peer to peer lending auxmoney is now offering its customers the ability to borrow legally by using an internet video ID and digital signature. Germany’s largest online lender has partnered with IDnow eSigning to update their process. Germany maintains a very strict application process so incorporating… Read More

Change at Prosper as Online Lender Selects Usama Ashraf as New CFO

Formerly with USAA and CIT Group, Ashraf Will Manage Capital Markets and Finance Functions at Prosper Marketplace Prosper Marketplace has appointed Usama Ashraf as its new Chief Financial Officer. Ashraf will be overseeing the online lenders capital markets function, as well as all of the… Read More

SoFi Moves Closer to the Future of Banking with Acquisition of Zenbanx

Top Online Lender SoFi Acquires Digital Only Bank Zenbanx SoFi has announced the acquisition of Zenbanx, a Delaware-based Fintech firm providing multi-currency mobile banking services in the U.S. and Canada. SoFi revealed it intends to leverage Zenbanx’s platform and underlying technology to expand its growing suite of… Read More

Online Lender Spotcap Launches New Zealand Operations & Announces Heartland Bank Partnership

European-based lending platform Spotcap announced on Monday the launch of its New Zealand operations in Auckland. The lender also revealed it formed a partnership with Heartland, the bank that is providing Spotcap’s Australian operations with A$20million of funding. Speaking about the expansion, Lachlan Heussler, Managing Director of Spotcap Australia… Read More

Journey is Only Just Getting Started: P2P Lender Zopa Tops £2 Billion in Lending

  Zopa, the UK’s very first peer to peer lending platform, has topped £2 billion in lending.  According to information provided by the online lending platform, as of today, Zopa has matched over 246,000 borrowers to 75,000 investors to provide access to capital in the… Read More

Insurer Aegon Pledges €1.5 billion to German P2P Lender Auxmoney

On January 25, Raffael Johnen, the CEO and co-founder of auxmoney, was on stage at the Paris Fintech Forum as the news was still under embargo: Dutch insurer Aegon has agreed to lend €1.5 billion euros over the next 3 years through the auxmoney lending… Read More

LendingRobot Launches Robo Hedge Fund for Online Lending: We Have Wanted to do this for a Very Long Time

LendingRobot has officially launched their next big vertical: a Robo-Hedge Fund for alternative lending. Crowdfund Insider initially wrote about the forthcoming Robo-fund when we uncovered an SEC filing for a pooled investment vehicle last November. While the filing became public at that moment, the “LendingRobot… Read More