Tagged: online lending

RateSetter Reported ISA Exceeded Expectation in First Year By Attracting £175 Million of Subscriptions

UK-based peer-to-peer lender RateSetter recently announced its ISA has exceeded expectations in its first year, having attracted £175 million of subscriptions, and currently accounts for one-fifth of the platform’s £830 million funds under management. RateSetter unveiled its ISA in February 2018. It allows investments in peer-to-peer loans to… Read More

European Marketplace Lender October Surpasses €100 Million in Loan Repayment

October, the European lending marketplace formerly known as Lendix, announced on Wednesday it has surpassed €100 million in loan repayment. The online lender reported that since its launch more than €250 million has been lent to European companies and nearly 40% of this amount has already been… Read More

Zopa’s Latest Report Reveals 1 in 3 Brits in the Dark on Cash ISA Rate

Peer to peer lender Zopa announced on Wednesday its new research revealed that millions of people across the UK do not know the rate of interest on their Cash ISA, which means billions of pounds are potentially languishing in accounts earning little or no interest… Read More

LendingClub Tops Earnings Expectations as Loan Originations Rise but Forecast Disappoints

Leading marketplace lending platform LendingClub (NYSE: LC), released Q4 earnings today along with full year 2018 numbers, and its numbers beat expectations. LendingClub reported record loan originations of $10.9 billion a 21% increase versus the year prior. Net revenue jumped along with originations rising 21%… Read More

Assetz Capital Surpasses £700 Million Lending Milestone

UK-based peer-to-peer lending platform Assetz Capital recently surpassed its £700 million lending milestone. According to AltFi, This news comes less than a year after the online lender surpassed £500 million in lending. Founded in 2012, Assetz Capital describes itself as a provider of alternative funding sources to SMEs… Read More

Online Lender iwoca Raises £150 Million in Debt and Equity

Online small business lender iwoca has raised £150 million in both equity and debt capital, according to a note from the firm. This most recent investment brings iwoca’s total funding to £350 million. The Series D equity funding was led by Augmentum Fintech, a Fintech… Read More

CommonBond Boosts Lending Capacity with $750 Million from Goldman Sachs, Citi and More

Fintech CommonBond has announced that it has arranged $750 million in lending capacity from Goldman Sachs, Citibank, Barclays, BMO, and ING. CommonBond is an online lender with a mission to give students and graduates more affordable, transparent, and simple ways to pay for higher education. To… Read More

German Lending Marketplace auxmoney Overtakes Midsize Banks in Consumer Loan Origination

Düsseldorf-based Fintech auxmoney has surpassed its targets in 2018. Loan volume increased by 74 percent compared to 2017. Raffael Johnen, Founder and CEO of auxmoney, commented: “While the major German banks are in crisis mode, the leading German fintechs are always setting new records. With… Read More

Beehive Forms New Partnership With Thanachart Bank to Launch SME Financing Program in Asia

Peer to peer lender Beehive announced on Saturday it has formed a partnership with Thanachart Bank to launch a new SME value chain financing program in Asia. Beehive reported this was its first bank collaboration in Asia and the digitalized supply chain will provide improved liquidity… Read More

OnDeck Completes $85 Million Corporate Revolving Credit Facility

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Thursday the closing of its $85 million corporate revolving credit facility with a lender group, which included four banks. According to OnDeck, the new committed facility can be used for general corporate purposes and replaces OnDeck’s prior $30… Read More

StreetShares Reg A+ Filing Provides Insight into Operations of SME Lender

StreetShares, an online small business lender, has filed a Form 1-A with the Securities and Exchange Commission (SEC). By using Regulation A, or Reg A+, StreetShares may raise up to $50 million from both accredited and non-accredited investors. Reg A+ has been described as a… Read More

Growth Street Reports: Investor Return Up By 16.7% in 2018 Through P2P Investment Platform

UK-based business lender Growth Street announced recently announced that investor returns up by 16.7% in 2018 through its peer-to-peer investment platform. Founded in 2013, Growth Street’s main mission is to help businesses grow. The platform has already matched £175 million of investors’ funds with growing businesses since… Read More

Aave Announces Bitcoin Launch on Ethereum-Based Crypto Lending Marketplace

Aave, a UK-based tech company which specializes in the development of decentralized and hybrid blockchain applications, announced on Wednesday the launch of bitcoin on its crypto lending marketplace platform, ETHLend. According to Aave,  ETHLend is a lending peer to peer marketplace where users can borrow money using their… Read More

Fellow Finance Facilitates €18.5 Million of Loans in January 2019

Finland based peer to peer lender Fellow Finance announced on Tuesday its platform hit a record-breaking milestone by facilitating €18.5 million of loans in January 2019. The online lender reported that the total number of investors also grew to 11,205. As previously reported, Fellow Finance was founded in… Read More

Swiss Big-Ticket Lending Platform Loanboox Secures $22 million in Series B Funding

Loanboox, one of the lending platforms participating in the panel about “Improving Credit Access and Transparency,” which I chaired for Crowdfund Insider at the Paris Fintech Forum 2019, announced that it has raised CHF 22 million ($22 million) in a Series B round of financing. How Stefan… Read More

Fintech Before Fintech Was Cool. QuickenLoans is Rebranding as Rocket

Online lender Quicken Loans appears to be moving quickly to completely rebrand under the Rocket name. While introducing Rocket Financial some time ago, it seems that it is out with the old and in with the new. Quicken Loans is old school Fintech founded by entrepreneur… Read More

Younited Credit Passes the €1 billon Mark and Extends its Credit-as-a-Service Offering

At the Paris Fintech Forum, Charles Egly, Co-founder & CEO, Younited Credit highlighted his company’s latest achievements and the recent strategic development of its Credit-as-a-service offering. Among the achievements, Younited Credit announced that it passed the €1 billion mark in consumer credit origination. Among direct… Read More

U.S. Fintech Climb Credit Secures $50 Million Investment From Gold Sachs Urban Investment Group

Online student lending platform, Climb Credit, announced on Wednesday it secured $50 million in lending capital from the Goldman Sachs Urban Investment Group. Since launching in 2014, Climb reported it has originated nearly $100 million worth of loans, funded the education of nearly 10,000 students and partnered with over 100… Read More

dv01 Raises $15 Million Through Series B Funding Round Led By Pivot Investment Partners

dv01, a platform that connects online lenders and investors with data management, announced on Wednesday it secured $15 million through its Series B funding round, which was led by Pivot Investment Partners with participation from Regions Financial Corp., as well as existing investors, including Quantum Strategic… Read More

A Fireside Chat With EstateGuru, the P2P Lender that Takes Property Finance Across Borders

The Paris Fintech Forum gathers more than 2,500 participants this week in Paris at the old stock exchange to meet hundreds of Fintechs and listen to more than 200 CEOs, heads of government and regulation agencies, as well as luminaries such as Ms Christine Lagarde,… Read More

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