Tagged: online lending

March 10, 2021 @ 10:34 pm By Omar Faridi  |  

Finch Capital, a venture capital firm, recently finalized a €150 million fund to invest in Series A and B deals across Europe. The firm with its Amsterdam and London offices currently has €85 million in capital that is ready to deploy for its “Europe III”… Read More

March 10, 2021 @ 9:45 pm By Omar Faridi  |  

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, suggests that service providers should make Fintech lending their identity, and not necessarily their “competition.” During the past few years, the digital… Read More

March 10, 2021 @ 7:49 am By Samantha Hurst  |  

Roostify, a U.S.-based digital lending platform, announced on Wednesday it has appointed Roger Fendelman as its first ever Chief Compliance Officer. According to Roosify, Fendelman has nearly 25 years of experience at the intersection of compliance and technology.  He will oversee the company’s governance, risk,… Read More

March 9, 2021 @ 10:31 pm By Omar Faridi  |  

LendingClub (NYSE:LC) notes that if you’ve been struggling to make ends meet, then you are definitely not alone. Amid the ongoing COVID-19 pandemic, nearly 30 million US residents are still facing unemployment, which has compounded existing struggles for workers who may have been living paycheck-to-paycheck… Read More

March 9, 2021 @ 11:23 am By JD Alois  |  

Creditshelf Aktiengesellschaft and Commerzbank AG have announced the extension of a partnership that has been in place since 2019. Creditshelf is an online lending platform for German SMEs. Creditshefl, which was founded in 2014 and is based in Frankfurt am Main, arranges bank-independent, flexible financing… Read More

March 5, 2021 @ 10:42 am By JD Alois  |  

Mansa, a micro-lender based in France that targets the self-employed or gig-economy workers, has raised €6 million in equity in a Series A Funding The round brings its 12-month funding total to €20 million.  €12 million of the funding is reported to be for lending…. Read More

March 3, 2021 @ 7:50 am By Omar Faridi  |  

Online lender Funding Circle (LSE:FCH) recently noted in blog to its small business customers what the roadmap out of the COVID-19 lockdown means for small businesses. On February 22, 2021, the UK government announced its “highly anticipated” four-phase roadmap out of the Coronavirus-related lockdown —… Read More

February 28, 2021 @ 5:12 pm By Omar Faridi  |  

UK-based peer-to-peer (P2P) lender JustUs says it aims to “disrupt” the lending landscape and become an established provider of crowdfunded financial products for consumers with the JustUs ISA. To undertake Peoples Mortgages, JustUs noted that it will be “required to gain regulatory approval which is… Read More

February 27, 2021 @ 7:02 pm By Omar Faridi  |  

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, notes that in the increasingly competitive lending sector, it’s now more important than ever to work with technology that provides your clients… Read More

February 26, 2021 @ 11:35 am By Omar Faridi  |  

Camille David from European online lender October reveals that 5,672 private investors from all across Europe have reportedly financed the Sandaya project via the October platform – which is notably a new record. Claire Juliard, who leads October Connect, confirmed that this is in fact… Read More

February 25, 2021 @ 10:50 pm By JD Alois  |  

Crowdo has announced the launch of a new platform in Indonesia that is described as the first “SME digitalization platform powered by Neobank technology.” According to Crowdo, the platform seeks to help businesses digitalize their operations that improve supply chain operations with financial and banking… Read More

February 20, 2021 @ 7:48 pm By Omar Faridi  |  

European online lender October notes that in March 2020, the French State had announced a package of €300 billion in State-guaranteed loans (PGE) in order to support small and medium-sized enterprises during the COVID-19 pandemic. Following the amendment voted on in April 2020, lending marketplaces… Read More

February 17, 2021 @ 11:22 pm By Omar Faridi  |  

Bengaluru-based Fintech lending firm KreditBee has finalized a $75 million Series C equity round which included participation from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures (consisting of both primary and secondary investment). Madhusudan E, Co-Founder & CEO of KreditBee,… Read More

February 15, 2021 @ 3:25 pm By Samantha Hurst  |  

      Raqamyah, a Saudi-based peer-to-peer (P2P) lending platform operating under Saudi Arabian Monetary Authority (SAMA) Sandbox environment, has reportedly raised $2.3 million through its latest investment round, which was led by Impact46 with participation from Vision Ventures, Mad’a Investment, Alyusur Company, Fadeed Investment,… Read More

February 13, 2021 @ 10:39 pm By Omar Faridi  |  

European online lender October notes that on February 8, 2020, they got a very good surprise when they found out that they had been ranked in the French Tech Next40 2021 ranking. October had also been recognized for its services in 2020, but claims it… Read More

February 7, 2021 @ 9:28 pm By Omar Faridi  |  

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, recently shared key insights on “reframing relationship banking for an increasingly digital world.” Fintech firm Blend, which recently acquired $300 million in… Read More

February 5, 2021 @ 3:27 pm By JD Alois  |  

After a difficult 2020 when COVID-19 pummeled the online lending market, loan originations are predicted to bounce back strongly in 2021, according to research by S&P Global. The report states that from January to September, online lending tanked 36%. Loan originations began to recover in… Read More

February 2, 2021 @ 8:21 am By Samantha Hurst  |  

  LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, recently announced it has teamed up with Cross River Bank to open second round of Paycheck Protection Program (PPP) applications for small businesses. LendingUSA reported that small business… Read More

February 1, 2021 @ 8:28 am By Omar Faridi  |  

Peer to peer lending marketplace Mintos has confirmed that the first update of its Mintos Risk Scores is now live and accessible. The European loan marketplace provider notes that it’s sharing the first quarterly Mintos Risk Score update “since this numerical model for evaluating risk… Read More

January 27, 2021 @ 10:03 am By Samantha Hurst  |  

  Milo, a U.S.-based digital banking and lending startup, announced on Wednesday it secured $6 million through its seed funding round, which was led by QED Investors with participation from MetaProp and 10X Capital.  Founded in 2018, Milo describes itself as a fintech company that… Read More