Tagged: online lending

October 9, 2020 @ 3:26 pm By Omar Faridi  |  

A study recently performed by the European peer to peer (P2P) lending platform Robo.cash reveals that the main factors for its success during COVID were the profits it generated in 2019 and “work with affiliated loan originators.” Robo.cash claims that “remarkably, interest rates, funding volumes… Read More

October 9, 2020 @ 2:58 pm By JD Alois  |  

ARK Investment Management LLC, an investment management firm looking to invest in the “next big thing,” now controls a 10.47% stake in LendingClub (NYSE:LC), according to a Schedule 13G filed with the Securities and Exchange Commission (SEC). The revelation of the significant shareholding comes during… Read More

October 8, 2020 @ 8:20 am By Samantha Hurst  |  

U.S.-based online lending platform VIVA Finance announced on Thursday it secured $2.3 million through its latest seed funding round, which was ledgy Acumen Fund. The company’s total amount raised is now up to $3.5 million. Formed in 2019, VIVA describes itself as an online lending… Read More

October 7, 2020 @ 12:14 pm By Samantha Hurst  |  

  Dividend Finance Inc., a U.S.-based fintech that specializes in point-of-sale lending to solar and home improvement contractors, announced on Wednesday the launch of a new technology platform. Founded in 2013, Dividend claims it is a leading national provider of renewable energy and energy-efficient financing… Read More

October 7, 2020 @ 8:01 am By JD Alois  |  

Closing an Important Chapter LendingClub (NYSE:LC), the leading marketplace lender in the US, has filed an 8-K with the Securities and Exchange Commission stating it will cease offering Retail Notes as of the end of 2020. In an email distributed to LendingClub retail investors, the… Read More

October 7, 2020 @ 7:13 am By JD Alois  |  

Assetz Capital, a peer to peer lenders, says it has completed its securities offering on Seedrs that was matched by Future Fund money. In total, Assetz Capital raised £1.5 million with half of that amount coming from retail investors. The Future Fund is used for… Read More

October 6, 2020 @ 10:23 am By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index has been released and revealed small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.6% in August to 13.5% in September, indicative of the struggles… Read More

October 2, 2020 @ 2:19 pm By Samantha Hurst  |  

LendInvest a UK-based marketplace for property financing, announced earlier this week it has introduced updates to its Buy-to-Let product range; including raising its LTV and maximum loan limits, and broadening its lending criteria to include first-time landlords and student lets. LendInvest reported it is now… Read More

September 30, 2020 @ 2:57 pm By Samantha Hurst  |  

YieldStreet, an online marketplace for a diverse array of asset-backed investments, announced on Wednesday it appointed Ron Suber, President Emeritus of Prosper Marketplace, and a leading fintech investor, to the Yieldstreet Board of Directors. As previously reported, Ron Suber is one of the better-known names… Read More

September 30, 2020 @ 8:01 am By JD Alois  |  

Funding Circle (LSE:FCH) founder and CEO Samir Desai has purchased 163,017 shares in his company at an average per-share price of £0.6201696 according to a filing with the London Stock Exchange (LSE). Funding Circle went public in 2018 at a price per share of 440… Read More

September 30, 2020 @ 7:21 am By JD Alois  |  

October, a top European online lender, has raised €258 million to lend to European SMEs, according to a note from the company. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. “These investors were all attracted… Read More

September 29, 2020 @ 10:03 pm By JD Alois  |  

EstateGuru, a European marketplace for property-backed loans, has announced an expansion into Finland beginning in October. EstateGuru is based in Tallinn, Estonia, but currently operates in multiple European countries including Latvia Lithuania, Germany, UK, Spain, and Portugal. Established in 2013, EstateGuru has originated loans for… Read More

September 28, 2020 @ 11:47 am By JD Alois  |  

Younited Credit Germany, an expansion by France based Younited Credit, reports having originated over €10 million in loans since launch in February of 2020. Younited Credit is a European online credit platform, certified by the French authority in charge of financial stability and customer protection (ACPR)…. Read More

September 25, 2020 @ 8:38 am By Samantha Hurst  |  

Neat Capital, a U.S.-based fintech and digital mortgage lender, announced on Friday it surpassed $2 billion of annualized application volume. Founded in 2015, Neat Capital states it is streamlining home lending with an online application and real-time loan approval. “Today, Neat Capital has redesigned the… Read More

September 24, 2020 @ 1:58 pm By Samantha Hurst  |  

Santander Bank announced on Thursday it has joined forces with Roostify for its digital home lending platform, EZApply. According to Santander, the platform provides a “convenient” way for customers to apply for the bank’s home lending services. Santander further explained that the platform offers a… Read More

September 24, 2020 @ 10:02 am By JD Alois  |  

Accelerated Payments reports that it has advanced €210 million worth of invoice financing as it celebrates its third anniversary in operation.  Accelerated Payments, and invoice financing platform, claims to be the fastest-growing Fintech in Europe. Meanwhile, the company is planning to set up shop in… Read More

September 22, 2020 @ 9:51 pm By JD Alois  |  

LendingClub (NYSE:LC), a top marketplace lender serving consumers, says two recent studies indicate that personal loan payments take priority over paying off credit cards. Of course, this is good news for LendingClub – a long time advocate of cheaper personal loans versus expensive credit card… Read More

September 19, 2020 @ 12:59 pm By Xu Gao  |  

Cloud Computing PaaS Startup BoCloud Completes Series D Round of financing On September 17th, cloud computing PaaS [platform as a service] and multi-cloud management startup BoCloud announced the completion of its series D round of financing. The investment was provided by Guoxin Venture Capital, Xinhuan… Read More

September 19, 2020 @ 9:55 am By Omar Faridi  |  

October, a leading European online lender, notes that in the past 5 years, it has issued over 450 million euros in loans to different companies. The marketplace lender reveals that 100 projects, or 10% of all projects that have received loans through its platform, were… Read More

September 18, 2020 @ 7:33 pm By Omar Faridi  |  

Lizzie Chapman, CEO and co-founder at ZestMoney, which claims to be one of the largest and fastest-growing Fintech firms in India, recently discussed what she considers the future of lending in a post COVID world. She acknowledges that this has been one of the most… Read More