Tagged: online lending

May 29, 2023 @ 3:26 pm By JD Alois  |  

Manappuram Finance Limited has launched a digital lending app Ma-Money. Manappuram is a gold loan platform in India.  The company went public in August 1995, and its shares are listed on the stock exchanges of Mumbai, Chennai, and Kochi. The new digital lending platform is… Read More

May 15, 2023 @ 3:28 pm By JD Alois  |  

Fintech ZestMoney appears to be falling apart after its founders announced they were departing the firm. ZestMoney, is a digital EMI/  BNPL platform that has announced multiple partnerships with some pretty big firms during its brief existence. A deal with PhoneRE was in the works… Read More

May 15, 2023 @ 11:21 am By JD Alois  |  

Creditshelf, an online lender service SMEs, is reporting high loan demand during the first three months of 2023. Creditshelf says it is the largest digital SME lender in Germany. Creditshelf said the requested loan volume increased by 15% to €490 million in the first three… Read More

May 9, 2023 @ 5:06 pm By JD Alois  |  

Upstart (NASDAQ:UPST), an online lending marketplace that leverages artificial intelligence (AI) has posted Q1 2023 earnings that have topped analyst expectations driving shares higher in after-hours trading. Dave Girouard, co-founder and CEO of Upstart, issued a statement sharing he was pleased with Q1 performance: “Despite… Read More

April 26, 2023 @ 11:01 am By JD Alois  |  

Estateguru, an online investing and originating platform that serves the European market, is reporting a “stable and success” first quarter of the year. Estategura says it funded 178 projects with a loan volume of €23 million and hitting a new milestone of over €700 million… Read More

April 25, 2023 @ 4:19 pm By JD Alois  |  

Biz2Credit and affiliate Biz2X have been recognized by the Financial Times as one of America’s fastest-growing companies, according to a note from the fimr. Biz2Credit and Biz2X were ranked 69th on the fourth annual FT Americas’ Fastest-Growing Companies list of 500 firms that had the… Read More

April 7, 2023 @ 1:16 pm By Omar Faridi  |  

CrowdProperty, an online property lending platform, has raised 103% (£414,271) of its £400,009 target via Seedrs (at the time of writing) from 403 investors with 5 days left in the firm’s crowdfunding campaign. CrowdProperty has utilized the services of Seedrs multiple times in the past…. Read More

March 29, 2023 @ 9:10 pm By JD Alois  |  

Australian Fintech MoneyMe (ASX:MME) has raised A $37 million in equity capital, according to a statement by the company. MoneyMe is a digital lender serving consumers. It was reported earlier this week that MoneyMe founder and CEO Clayton Howes was seeking to raise capital in… Read More

March 20, 2023 @ 12:57 pm By JD Alois  |  

Smart Lenders AM, an asset management company specializing in managing portfolios of loans from established marketplace lenders, online-lending platforms and crowdlending platforms, has issued a statement in light of the ongoing market volatility and strain on the banking sector. Since its launch, Smart Lenders AM… Read More

March 15, 2023 @ 9:16 am By JD Alois  |  

Accelerated Payments, an invoice financing provider, has announced the appointment of C Ray Hines as Vice President of Business Development. Hines is expected to help increase the Fintech’s market share in North America – more specifically, the midwest. The company said the new hire is… Read More

February 21, 2023 @ 6:22 pm By JD Alois  |  

TP24 is a new digital lender that provides credit secured by borrowers’ invoices. The company’s mission is to solve lending challenges by “offering flexible funding solutions … without the hassle of traditional credit providers.” CI had the chance to connect with Zurich-based TP24 during the… Read More

February 8, 2023 @ 1:52 pm By JD Alois  |  

Apple (NASDAQ) is expected to soon launch its buy now-pay later product (BNPL) as it expands the service to a broader beta group. According to a report filed by Bloomberg, Apple Pay Later is being tested in-house by its approximately 80,000 or so retail employees…. Read More

February 7, 2023 @ 10:52 am By JD Alois  |  

Business loan approval rates have increased – depending on who you are asking. According to a report, alternative lenders, institutional investors and small banks have increased credit but big banks and credit unions have pulled back This is according to online lender Biz2Credit and its… Read More

January 26, 2023 @ 12:01 pm By JD Alois  |  

Online lender Accelerated Payments has announced topping the €1 billion worth of invoice financing milestone. Based in Ireland, Accelerated Payments claims to be of the fastest-growing Fintechs in the world, with offices in Europe, the UK, Canada, and the USA. Accelerated Payments provides a solution… Read More

January 24, 2023 @ 10:24 am By JD Alois  |  

Creditspring is reporting an increase in demand which they are attributing to the rapid increase in the cost of living, which is expected to continue in 2023. Creditsrping said that during the last 12 months, 260,000 borrowers sought credit on the platform, with “members” increasing… Read More

January 16, 2023 @ 9:19 am By Omar Faridi  |  

Digital lender and non-bank challenger MONEYME (ASX: MME) has officially launched a new credit score product that has already “seen over 37,000 new customers swarming to discover their score during a Beta Trial, despite zero marketing of the product so far.” The MONEYME Credit Score… Read More

January 12, 2023 @ 5:37 pm By JD Alois  |  

LendingClub (NYSE:LC) has become the latest Fintech to cut costs and reduce employee headcount. According to an SEC filing and release, Lending Club will slash its workforce by 14% or 225 employees while reducing costs and incorporating a reorganization plan. LendingClub said the move was… Read More

January 10, 2023 @ 8:59 pm By JD Alois  |  

Y-Combinator alumni Pigeon is now available on both iOS and Android with its friends and family lending app. Founded by CEO Brian Bristol, he created Pigeon to create a tool to enable peer-to-peer lending between friends and family by automating the process of loaning money,… Read More

January 5, 2023 @ 11:29 am By JD Alois  |  

Funding Circle US, a subsidiary of the UK firm Funding Circle (LSE:FCH) has selected a new Managing Director to lead operations. According to a release, Steve Allocca will take over the US operations of the SME online lending platform, reporting directly to Funding Circle CEO… Read More

December 29, 2022 @ 9:25 pm By JD Alois  |  

SmartLenders, an asset manager in the marketplace lending sector, has distributed an end-of-the-year missive with an optimistic note predicting better times ahead. SmartLenders states: “It cannot be ruled out that in 2023, a massive reduction in inflation, a solution to the Ukrainian conflict and a… Read More