April 19, 2018 @ 8:50 am By Samantha Hurst  |  

Online lending platform LendInvest announced on Thursday it is putting the UK government “on notice” to improve access to finance for property SMEs by forging better partnerships with the alternative finance industry.  LendInvest reported that in a new report entitled Putting Finance First: the alternative route to… Read More

April 19, 2018 @ 8:28 am By Samantha Hurst  |  

China-based consumer finance platform LexinFintech announced on Thursday it is planning to invest a total of ¥1 billion in partner cooperations over the next three years in order to better save its customers and expand its credit services. According to LexinFintech, Jay Wenjie Xiao, the company’s… Read More

April 18, 2018 @ 8:30 pm By JD Alois  |  

The Singapore Fintech Association (SFA) has announced the creation of a Marketplace Lending committee and website. This is in response to the rapid growth in the sector, according to the SFA. The subcommittee will be dedicated to ensuring the local online lending industry is a trusted,… Read More

April 18, 2018 @ 4:10 pm By JD Alois  |  

Tala has closed on a $50 million Series C equity investment led by Revolution Growth with participation from existing investors IVP, Data Collective, Lowercase Capital, Ribbit Capital, and Female Founders Fund. Separately, Tala said it has also recently raised $15 million for its loan book…. Read More

April 18, 2018 @ 12:05 pm By JD Alois  |  

Goldman Sachs CEO Lloyd Blankfein told CNBC today they have not “lost their minds” by moving into the highly competitive consumer banking business with Marcus. Blankfein explained that the consumer business has moved to them because the digital world can allow them to scale. “If… Read More

April 18, 2018 @ 10:03 am By JD Alois  |  

Lendingblock, an interesting spin on cryptocurrency lending, has easily hit its initial coin offering target (ICO) hard cap of $10 million early. The LND coin will be used as the currency for payment and receipt of interest on the platform. As CI covered last month,… Read More

April 17, 2018 @ 11:36 am By Samantha Hurst  |  

UK-based peer-to-peer lender Landbay is set to close its latest equity crowdfunding campaign on Seedrs later this evening with more than £1.6 million from nearly 285 investors. The funding round was launched last month and quickly secured its initial £1.25 million funding target. This is the seventh equity… Read More

April 17, 2018 @ 8:22 am By JD Alois  |  

BondMason is out with their DIrect Lending Report that indicates that between 2016-2017, mid-sized online lending platforms increased their potential to compete, growing their market share by approximately 50% to £1.6 billion. Large platforms, meanwhile, grew their share by only approximately 6%. BondMason stated the… Read More

April 13, 2018 @ 3:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lender Lending Works announced this week it surpassed £100 million in online lending. According to Lending Works, the milestone comes just a little over a year after the platform surpassed £50 million. The lender also reported that 20,000 customers (over 16,000 borrowers and nearly 4,000 lenders)… Read More

April 13, 2018 @ 12:00 pm By Samantha Hurst  |  

Online lending for small business OnDeck (NYSE: ONDK) announced this week that it has priced $225 million initial principal amount of Series 2018-1 Fixed Rate Asset-Backed Notes in a private securitization transaction. According to OnDeck, the notes will be issued in four classes and were priced with a weighted average… Read More

April 12, 2018 @ 4:54 pm By JD Alois  |  

LendingClub (NYSE: LC), has selected  Bahman Koohestani to serve as the company’s Chief Technology Officer. Koohestani was most recently with Clarivate Analytics, where he served as Chief Technology Officer. Prior to Clarivate Analytics, Bahman was Executive Vice President and Chief Technology Officer of shopping site NexTag where… Read More

April 12, 2018 @ 2:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lender Landbay announced on Thursday it is set to close its latest equity crowdfunding round on Seedrs next Tuesday (April 17th). The campaign quickly secured its initial £1.25 million and has successfully raised more than £1.4 million thanks to over 250 investors. As previously reported, Landbay was… Read More

April 10, 2018 @ 12:01 am By JD Alois  |  

Upgrade, Inc.  has announced a new consumer product entitled “Personal Credit Line.” The new product was revealed during the annual LendIt Fintech conference in San Francisco. The line of credit is designed to combine the low cost, fixed rate and monthly amortization of personal loans… Read More

April 9, 2018 @ 2:31 pm By Samantha Hurst  |  

Lendr, a provider of flexible working capital to small- and medium-sized businesses, specializing in business finance and factoring solutions, announced on Monday it has launched a new business debit card product to service its growing client base.   Lendr reported that the ability to fund business owners in… Read More

April 9, 2018 @ 1:46 pm By Samantha Hurst  |  

On Monday, new CEO of SoFi, Anthony Noto, announced on Twitter that the online lender has surpassed 500,000 in members. This news comes less than a month after Noto assumed his new role at the online lender’s team. Noto confirmed the exciting membership growth news by… Read More

April 9, 2018 @ 10:10 am By Samantha Hurst  |  

Online lending platform Nelnet (NYSE: NNI) announced on Monday it is bringing a new servicing option to fintech lending platforms. According to Nelnet, that Nelnet Loan Servicing will leverage the experience, scale, and personnel of its existing servicing business with technology enhancements to meet the unique… Read More

April 9, 2018 @ 7:00 am By JD Alois  |  

Ocrolus, a Fintech firm that automates the analyzing financial documents, has announced a $4 million Series A investment led by Bullpen Capital. Additional investors include QED Investors, Laconia Capital Group, ValueStream Ventures, and RiverPark Ventures. Also participating in the round were multiple well known names… Read More

April 9, 2018 @ 12:03 am By JD Alois  |  

  Prospa, one of Australia’s leading online lenders to SMEs, has appointed Gail Pemberton AO and Fiona Trafford-Walker as Independent Non-Executive Directors to the Prospa Board. Prospa also announced that current Non-Executive Director Greg Ruddock has been appointed to the role of Chairman of the… Read More

April 6, 2018 @ 9:49 am By Samantha Hurst  |  

On Friday, Assetz Capital announced it has reached a record number of loans available to investors using our Manual Lending Account (MLA), with well over 200 live loans with loan parts available for immediate investment on the secondary market. According to the online lender, the MLA allows hands-on… Read More

April 5, 2018 @ 9:17 am By Samantha Hurst  |  

Sharestates, an online real estate investment platform, announced on Thursday the launch of new online user portals that fully optimize the real estate investment process from beginning to end, providing investors with the first ever UX solutions in the real estate investment industry. According to… Read More