Tagged: online lending

Online SME Lender October Teams Up with French Firm ENGIE to Develop Engagement Platform for Employees

ENGIE, a French service firm listed on the stock exchange, will be working with online SME lender October to develop an engagement platform based on “the financial participation of employees in internal projects.” According to the October team, the financial platform, i-DEAL, was introduced in… Read More

On Final Day of Securities Offering, Mintos Tops £7 Million on Crowdcube

Peer to peer lending marketplace Mintos has surpassed £7 million on Crowdcube on the final day of the securities offering. The Mintos security offering should be one of the largest offerings on Crowdcube for 2020. Mintos is raising equity capital at a pre-money valuation of… Read More

LendingUSA Names Narine Yenovkian As New Vice President of Compliance

LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, announced on Monday it has appointed Narine Yenovkian as its new Vice President of Compliance. LendingUSA reported that in her new role, Yenovkian will lead the Compliance Department in… Read More

Loan Marketplace Mintos Tops £6 Million on Crowdcube: CEO Martins Sulte Shares Insight into Platform Operations

Mintos, a European marketplace for loans, launched a securities crowdfunding offer on Crowdcube earlier this week. The equity sale quickly surpassed its £1 million hurdle and as of today, the offering has raised over £6 million backed by more than. In the process, Mintos set… Read More

Indian Fintech U GRO Capital, an Online Lending Platform for SMEs, Reports Over $2 Million in Net Profit for Current FY

Indian Fintech U GRO Capital, an online lending platform for SMEs, has released its Q2 FY21 financial results and posted a (profit after tax) PAT of INR 17.2 Crores (appr. $2.28 million). The BSE (formerly called Bombay Stock Exchange) stock exchange-listed, technology-focused platform noted that… Read More

Funding Societies’ Direct Lending Entity Approved to Become Participating Finance Institution

Singapore based peer to peer finance platform Funding Societies notes that after several years of laying the groundwork with ESG, they’re proud to confirm that their direct lending entity, FS Capital Pte Ltd (which is part of Funding Societies), was approved in October 2020 to… Read More

DV01 Report: Online Consumer Lending Continues to Head Towards Normalcy

A new report from online lending data provider DV01 indicates that this sector of Fintech continues to move towards “normalcy” following the advent of COVID-19 and the ensuing economic disruptions. The report says online lending is displaying “resiliency” as origination volumes are now only 34%… Read More

HSBC and Biz2Credit Partner on SME Loan Service

HSBC Bank USA, N.A., part of HSBC Group, has partnered with Biz2Credit to provide SMEs with quicker and easier access when applying for business financing. According to a note from Biz2Credit, the service is part of the HSBC Fusion service offering. The bank is using… Read More

Indonesia’s Social Security Program Provider, KMSB, Partners Logiq to Offer Microlending Services to Local Residents

Logiq, Inc., a multinational provider of digital commerce and Fintech solutions, has been chosen to offer mobile micro-lending services to 48 million Indonesian residents. The loan services will be provided through a partnership between Logiq and Koperasi Mona Santoso Berjaya (KMSB), which is Indonesia’s social… Read More

Biz2Credit Small Business’ Latest Lending Index Reveals: Small Business Loan Approval Rates at Banks Declined in October 2020

Small business funding platform Biz2Credit announced on Tuesday its latest lending index revealed that small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.5% in September to 13.3% in October. Biz2Credit reported that during the month of October small… Read More

Auxmoney: BNP Paribas Invests in €500 Million Worth of Loans

auxmoney, a marketplace lending platform that serves both private and institutional investors, is leveraging €500 Million from BNP Paribas to invest in loans originated on the marketplace. auxmoney said it is taking the next big step on its way to becoming one of the leading… Read More

Online SME Lender Funding Circle Acquires £30 Million from British Business Investments

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, has acquired £30 million in capital from British Business Investments. British Business Investments operates as a commercial subsidiary of the British Business Bank. Funding Circle plans to… Read More

Fintech Lending in Indonesia Might Not be Able to Fully Support Participation from Retail Investors

LendingClub (NYSE:LC) recently filed an 8-K with the US Securities and Exchange Commission (SEC) indicating its intent to stop offering retail notes by the end of the year. The leading marketplace lender in the US started as a peer to peer lender but over the… Read More

LendingClub Q3 Numbers: Loan Originations Down 83% Year-Over-Year but Improving 79% Sequentially

LendingClub Corporation (NYSE: LC) has announced its Q3 results for the period ending September 30, 2020. LendingClub, a leading online lender, has been battered by the ongoing COVID-19 health crisis but is reporting a bounce back in loan originations. According to the earnings report, loan… Read More

Lending Marketplace Mintos to Crowdfund on Crowdcube

Mintos, a marketplace for investing in loans that reports over 340 000 investors from 63 countries, is planning a securities offering on Crowdcube later this month. According to a release, Mintos will offer investors the opportunity to acquire a limited amount of shares of the company,… Read More

Online Lender Prospa Reports Challenging COVID-19 Operating Condition

Prospa Group Limited (ASX: PGL) has posted a trading update for the quarter ending September 30, 2020 (1Q21). Prospa is an online lender serving Australian and New Zealand SMEs. According to Prospa total loan originations during Q1 came in at $80 million up 265% on… Read More

Integrated Payment & Commerce Solutions Provider Paya Announces New Partnership Business Lending Solution Artis

Fintech

Paya,  a U.S.-based integrated payment and commerce solutions provider, announced on Tuesday it has formed a new partnership with business lending solution provider, Artis Technologies. Paya reported that through the partnership,  its payments technology will integrate directly into the Artis Connect and Artis Credit platforms,… Read More

Brazilian SME Online Lender BizCapital Announces Additional $3 Million Investment Through Series B Funding Round

BizCapital, a Brazil-based SME online lending platform, announced on Friday it secured an additional $3 million through its Series B, bringing the investment round’s total amount to $15 million. The new funds come from Netherlands-based social impact investor Oikocredit. As previously reported, BizCapital provides online… Read More

EstateGuru Reports Over 1 Million Investments, Monthly Loan Volume Surpasses €10 million

EstateGuru, a crowdfunding marketplace for property-backed loans, is reporting that it has topped one million investments since platform launch in 2014. EstateGuru added that during August and September loan volumes surpassed €10 million each month. A strong and fast recovery from the COVID-crisis in Spring… Read More

U.S. Fintech FirstClose Launches Digital Lending Platform

U.S.-based fintech FirstClose announced on Tuesday it has officially launched its digital lending platform (DLP), FirstClose ONE. According to FirstClose, FirstClose One is a home equity and refi tool that offers everything from application to servicing (credit score, valuation, title, tax, flood, closing, and recording)… Read More

Send this to a friend