Tagged: online lending

LendingClub Announces as One of 325 Companies Included in the 2020 Bloomberg Gender-Equality Index

LendingClub (NYSE: LC) announced on Tuesday it is one of 325 companies across 50 industries included in the 2020 Bloomberg Gender-Equality Index (GEI). According to LendingClub, the GEI expanded in 2020 to represent 42 countries and regions, including companies headquartered in the Czech Republic, New… Read More

Applied Data Finance Appoints Capital One & JP Morgan Chase Vet Jimmy Cannon As First President

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, recently announced it has appointed Jimmy Cannon as its new/first President. According to ADF, Cannon has extensive senior management experience with a focus on leading organizations through transformational change and delivering P&L improvement, most… Read More

Australian Neo Lender Wisr Secures $33.5 Million Through Placement Round

Wiser (ASX: WZR), an Australia-based neo lending platform, announced on it has secured commitments to raise $33.5 million through a placement of approximately 181 million ordinary shares. According to Wisr, the placement was supposed and allocated to new and existing institutional investors. “The issue price… Read More

Fintech October Reflects on Past 12 Months Performance as Loan Originations Accelerate

October, a leading European online lender, recently published a blog post reviewing last years’ performance. While October was not the first marketplace lender out of the gate in continental Europe it has emerged as one of the leaders. According to the October website, since platform… Read More

NatWest Joins Forces With Soldo to Boost SME Lending

UK banking group NatWest announced on Wednesday it has joined forces with Soldo, a pre-paid company card provider for small businesses, to expand its SME lending capabilities. NatWest reported that the partnership will allow two of its ventures, Esme Loans and Rapid Cash, to be… Read More

LendInvest Announces Expansion of BTL Lending Capacity For HMOs & MUFBs; Introduces Cashback on Legal Fees

LendInvest, a UK-based online marketplace for mortgages, announced on Wednesday it has made key changes to its BTL product range, which includes increasing the maximum loan size for all property types and introducing a new cashback contribution towards legal fees. The lender then revealed that… Read More

ThinCats Milestone: Online Lender’s New Loan Number Doubles Almost to £200 Million

ThinCats, a UK-based lending platform, has reportedly hit a new company milestone. According to P2P Finance News, the platform’s 2019 was record-breaking, with its new loan number doubling to nearly 200 million. It was also noted that ThinCats’ loan book is now over 580 million…. Read More

Germany: Online Lender creditshelf Reports 59% Increase in Revenue in Q3

Creditshelf Aktiengesellschaft (CSQ.DE), an online lender targeting SMEs in Germany, has released its Q3 2019 numbers. According to the Fintech, topline revenue for the first 9 months of 2019 rose to €2.46 million versus €1.57 million during year prior. The increase in revenue was said… Read More

Provenance Blockchain: A One-Stop Shop for Token Issuance and Compliance?

As the “public blockchain” space is being tempered now by market forces, regulation and reality, companies running or looking to set up an investing platform or manage token issuance may want to take a look at the Provenance Blockchain, a privately-developed DLT (distributed ledger technology… Read More

RiverNorth Marketplace Lending Announces Monthly Distributions of $0.18 Per Share

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Monday the declaration of monthly distributions of $0.18 per common share for the months of January, February and March 2020. It was… Read More

Philippine Securities Commission Revokes Robocash Finance License for Operating without Certificate of Authority

The Securities and Exchange Commission (SEC) of the Philippines has stripped Robocash Finance Corp.’s authority to operate as a financing company for running several branches without the necessary license. According to the SEC, the Corporate Governance and Finance Department (CGFD) issued the order of revocation… Read More

U.S.-Based Small & Medium-Sized Business Financing Provider Kapitus Closes Second Asset-Backed Securitization For $160 Million

Kapitus, a U.S.-based small and medium-sized business financing provider, announced on Tuesday it closed its second asset-backed securitization (ABS) for $160 million. Kapitus reported that the facility, which has a 3-year revolving period, a 5-year legal final, and is expandable to $500 million, was issued in… Read More

Lendio’s Second Regional Report Reveals Spike in Business Loan Demand in South Atlantic Region States

U.S.-based online lending platform Lendio announced on Monday its second regional report revealed a spike in business loan demands in the South Atlantic states. The report notably revealed that in the third quarter the region saw the highest percentage of growth in small business loan… Read More

LendInvest Announces Strong Inflows For Flagship Real Estate Debt Fund During November 2019

LendInvest, a UK-based online marketplace for mortgages, reported on Tuesday strong inflows to its flagship real estate debt fund during November. LendInvest reported that over the month, it secured £23 million of new investment for its Real Estate Opportunity Fund. This notably brought the fund’s… Read More

Peer to Peer Lending Viainvest Adds Small Business Loans to its Platform

ViaInvest, a peer to peer lender based in Latvia, has added small business loans to its platform. In an email, ViaInvest states: “We are thrilled to inform you, that ViaInvest has expanded its product portfolio by listing business loans on the platform. The first loan… Read More

U.S. Online Small Business Lender Camino Financial Raises $8 Million Through Series A Funding Round Led By Crédito Real

Camino Financial, a U.S.-based online small business lender, announced on Wednesday it raised $8 million through its Series A funding round, which was led by Crédito Real. Founded in 2014, Camino Financial offers business loans and solutions to help small businesses grow. The platform further… Read More

Trade Ledger Announces New Collaboration with Mambu to Accelerate Mid-Market Commercial Lending

Trade Ledger, a UK-based specialist mid-market Lending-as-a-Service platform for banks and alternative finance providers, announced on Wednesday it has formed a new partnership with Mambu in order to accelerate mid-market commercial lending. Trade Ledger reported it will overlay its platform on the Mambu cloud banking… Read More

Biz2Credit’s Latest Small Business Lending Index Reveals: Big Banks’ Small Business Loan Approvals Continue to Rise By Reaching New Record High in November 2019

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Biz2Credit announced on Tuesday the release of its latest Biz2Credit Small Business Lending Index, which revealed that the approval percentage fo small business loan applications at big banks (which are $10 billion+ in assets) inched up one-tenth of a percent to reach 28.1% in November… Read More

An Industry in Transition: ThinCats Exits P2P Lending to Focus only on Institutional Money

Last week, P2P property lender Landbay announced it would no longer accept retail money as it moved away from the peer to peer lending model. Managing P2P investors is simply too costly for the amount of money raised. Over time, institutional money pushed out smaller… Read More

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

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