Tagged: online lending

April 26, 2021 @ 12:14 pm By Samantha Hurst  |  

  Online lending platform Lendio recently announced it has facilitated more than 213,000 Paycheck Protection Program (PPP) loan approvals, totaling $9.8 billion. According to Lendio, the PPP re-opened in January 2021 with new rules implemented by Congress intended to equitize access to relief funding for minority-owned… Read More

April 22, 2021 @ 10:51 pm By JD Alois  |  

Prospa (ASX:PGL), an online lender serving Australia and New Zealand, has released a Q3 2021 trading report stating that loan origination volumes have returned to pre-COVID levels faster than anticipated. According to the company, loan originations in Q3 2021 (Jan-March) stood at $121 million –… Read More

April 18, 2021 @ 10:12 pm By Samantha Hurst  |  

    U.S.-based online student loan lender Earnest announced on Friday it has appointed David Green as its new CEO, as Susan Ehrlich, the company’s CEO since 2018, steps down to retire. The lending platform reported that Green has held many roles with the company over the… Read More

April 15, 2021 @ 11:30 am By JD Alois  |  

Accelerated Payments, an invoice financing platform, reports that it has now advanced €300 million worth of financing to SMEs across the UK, Europe, and North America since its inception. Founded in 2017 and based in Dublin, with offices in London and Toronto, Accelerated Payments has… Read More

April 13, 2021 @ 10:38 pm By JD Alois  |  

Online lender SocietyOne has appointed Melanie Cochrane and Jamie McPhee as independent non-executive Directors. Cochrane is a former Senior Vice President at American Express, where she led the Merchant Services business for the Asia Pacific region and, prior to that, Corporate Payments. McPhee has extensive… Read More

April 13, 2021 @ 8:48 am By Samantha Hurst  |  

LenderClose, a U.S.-based proprietary, real estate and home equity-focused lending platform, announced on Tuesday it has appointed Stefanie Rupert to its Board of Directors. LenderClose reported that Rupert will serve on LenderClose’s board of directors alongside Jordan and Samantha Paxson, Chief Experience Officer at CO-OP Financial Services; Nick… Read More

April 12, 2021 @ 11:42 am By JD Alois  |  

Creditshelf, an online lender serving SMEs in Germany, says it experienced its best quarter in company history. During Q1 2021, creditshelf said it increased its arranged loan volume by 224% to € 37.6 million versus Q1 2020 of € 11.6 million. Growth came from both… Read More

April 8, 2021 @ 7:53 am By JD Alois  |  

auxmoney, a marketplace lender based in Germany, has received €250 million for loans from Citigroup and Chenavari Investment Managers. Chenavari is a credit-focussed asset manager with core expertise in European markets. auxmoney reports that it is now co-investing for the first time alongside partners as… Read More

April 5, 2021 @ 7:40 am By Omar Faridi  |  

European online lender October reports its best quarter ever (during Q1 2021). Meilleur Q1 ever sur @October_EU : +126% en € versus 2020 et +181% en nombre de TPE & PME accompagnées (149 entreprises). Et un Q2 avec des innovations structurelles dès avril #staytuned 🇪🇺… Read More

April 1, 2021 @ 8:51 am By JD Alois  |  

Smart Lenders Asset Management, a Paris-based investment firm that specializes in managing loans originated from online lending platforms, is reporting over $300 million in Assets Under Management (AUM) in Moonstone Lending SICAV it manages. The SICAV is open to professional investors only. The Smart Lenders… Read More

March 29, 2021 @ 8:16 am By Omar Faridi  |  

European online lender October reveals that it works with firms from all industries so it can help them with financing the growth of their operations. The October team notes in a blog post that since 2016, they’ve been supporting companies and they offer them “the… Read More

March 26, 2021 @ 9:58 pm By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their Quarterly Investor Update – Q1 2021. Ashish Gupta, the Chief Credit Officer at Prosper Marketplace, writes in a blog post that the company… Read More

March 25, 2021 @ 8:25 am By Samantha Hurst  |  

    Maxwell, a U.S.-based digital mortgage and fulfillment platform for small to midsize mortgage lenders, announced on Thursday it raised $16.3 million Series B funding round led by Fin VC and TTV Capital with participation from Rotor Capital, The Mortgage Collaborative Emerging Technology Fund,… Read More

March 24, 2021 @ 11:37 pm By Omar Faridi  |  

Fintech firm Become, an online lending platform for SMEs, has shared insights on what may be considered the “real value” of creating a happy or satisfied customer. According to Become, that really is “the million-dollar” (or now billion-dollar due to inflation) question in the world… Read More

March 24, 2021 @ 9:19 am By JD Alois  |  

creditshelf Aktiengesellschaf has announced that its management board has renewed contracts with the Fintech’s c0-founders Dr. Tim Thabe and Dr. Daniel Bartsch. Thabe and Bartsch will continue to run the company until at least the end of 2023. Simultaneously, Dr. Mark Währisch is said to… Read More

March 23, 2021 @ 11:15 pm By Omar Faridi  |  

Online lending platform UpStart (UPST:NASDAQ) has noted that there are four levels of digital lending. Jeff Keltner, SVP of Business Development at UpStart, writes in a blog post that he has been thinking for some time now about the key trends he’s observing towards the… Read More

March 22, 2021 @ 1:42 pm By Samantha Hurst  |  

  Loanpad, a UK-based peer-to-peer (P2P) lending platform, is set to close its equity crowdfunding campaign on Seedrs with more than £420,000 raised. The funding round, which launched last month, originally sought to raise £250,000. It has so far attracted more than 360 Seedrs investors. Founded in 2015,… Read More

March 19, 2021 @ 7:55 am By Samantha Hurst  |  

    Nordic banking group Nordea announced earlier this week it has partnered with the European Investment Fund (EIF) to guarantee lending solutions to small businesses. Nordea reported that the European Fund will provide it with €700 million in guarantee capacity for 2021. The guarantee program… Read More

March 17, 2021 @ 3:50 pm By Omar Faridi  |  

The shares of LendingClub (NYSE: LC), an online lender and nascent digital bank, have been surging recently. Last week, LendingClub reported an adjusted net loss of $(22.1) million in the fourth quarter, compared to an adjusted net income of $7.0 million the same quarter last… Read More

March 15, 2021 @ 10:10 am By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their performance data from the Prosper Portfolio for the month of February 2021. Key highlights from the report are as follows: In February 2021,… Read More