Tagged: online lending

February 8, 2020 @ 8:38 am By JD Alois  |  

Fitch Ratings has upgraded the rates on several notes that are backed by loans from marketplace lending platform Prosper. According to Fitch, the ratings on the Class B and Class C Series 2018-1 (PMIT 2018-1) notes have improved due to the “growth in hard credit… Read More

February 7, 2020 @ 1:22 pm By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, recently announced he has appointed Linda Tan as its new Head of Internal Audit. OnDeck reported that Tan will oversee its Internal Audit team and deliver independent, objective assurance and advisory audit services that align with… Read More

February 6, 2020 @ 8:37 am By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE: FCH) is reportedly supporting a U.S. business loan transparency law. According to P2PFinanceNews, the online lender is backing the California introduced law, which will require certain data to be disclosed in commercial credit agreements much like consumer loans. Head… Read More

February 5, 2020 @ 9:11 am By JD Alois  |  

Twino and Via SMS, two Latvia based online lending platforms, are joining forces to enter the Asia-Pacific market, according to a release. The two companies are launching a consumer lending platform names Vamo in Vietnam as their first step in the new venture. The two… Read More

February 4, 2020 @ 12:32 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday it has launched access to custom loans for Kabbage Payments customers. Kabbage reported the new lending product offers U.S. small businesses more control over short-term funding needs. Kabbage also revealed that with custom loans, Kabbage Payments customers choose any… Read More

February 2, 2020 @ 4:43 pm By Omar Faridi  |  

Digital payments and online lending are becoming increasingly popular in Asian countries. According to a new survey, a large number of Asia-based users are conducting internet-based transactions, instead of visiting physical bank locations. The recent survey of Fintech customers by Robocash Group revealed that nearly… Read More

February 1, 2020 @ 4:25 pm By Omar Faridi  |  

India-based Fintech industry participant U GRO Capital is notably among the few digital lending players that has taken a serious approach towards business development. The listed firm offers credit to small businesses and has managed to achieve profitability in just the first year of its… Read More

January 31, 2020 @ 3:56 pm By Samantha Hurst  |  

Less than a week after launching its equity crowdfunding campaign on Seedrs, UK-based peer-to-peer lending startup Elfin Market successfully secured its initial 400,000 funding target. The campaign so far has attracted more than 125 Seedrs investors. As previously reported, Elfin claims to be the world’s… Read More

January 31, 2020 @ 3:34 pm By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE: FCH) announced on Thursday it was named first place winner of the Center for Financial Professionals (CeFPro) FinTech Leaders 2020 Report’s “Business Lending” Category. According to Funding Circle, the FinTech Leaders 2020 Report is an independent study of the… Read More

January 31, 2020 @ 10:20 am By JD Alois  |  

Become, formerly known as Lending Express, has surpassed $200 million in matching online lending to SMEs in need of growth capital. The news was revealed in a release earlier this week where the Israel-based Fintech said the milestone was indicative of the “company’s impressive growth”… Read More

January 31, 2020 @ 5:58 am By JD Alois  |  

Folk2Folk, a localized peer to peer lending platform, is reporting a “record year” regarding its Innovative Finance ISA (IFISA) offering during 2019. The company states that it accepted £10.5 million in IFISA investments, more than double that of the previous 18 months. Folk2Folk says that… Read More

January 30, 2020 @ 4:03 pm By Samantha Hurst  |  

Elfin, a UK-based peer-to-peer lending startup, is now seeking £400,000 through its equity crowdfunding campaign on Seedrs. Founded in 2016, Elfin claims to be the world’s first peer-to-peer lending platform where borrowers get a line of credit that they may draw upon as often as… Read More

January 30, 2020 @ 10:02 am By Samantha Hurst  |  

LendUp, a socially responsible online lender on a mission to redefine financial services for the emerging middle class, announced on Thursday it has surpassed $2 billion in consumer loans through its digital lending platform. The company reported that since 2012 it has provided more than… Read More

January 29, 2020 @ 1:27 pm By JD Alois  |  

goPeer, a peer to peer lending platform, has received regulatory approval as an exempt market dealer in both Quebec and Ontario. In Canada, financial services are regulated at the provincial level and thus most aspiring Fintechs must receive approval to operate in each province.  goPeer… Read More

January 29, 2020 @ 2:40 am By Omar Faridi  |  

India-based consumer lending firm MoneyTap has secured around $7.14 million through a  Series B equity and debt financing round from investors, including Aquiline Technology Growth (ATG), RTP Global and Sequoia India. Additionally, several Korea and Japan-based investors took part in the round. Existing investors Prime… Read More

January 29, 2020 @ 2:34 am By JD Alois  |  

Funding Circle (LSE:FCH), an online lender servicing SMEs in the UK, US, Germany and the Netherlands, has securitized $252 million in US business loans, according to a note from the platform. This is Funding Circle’s 7th securitization and the second to take place in the… Read More

January 27, 2020 @ 1:52 pm By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE: FCH) announced on Monday it has appointed Oliver White as its new Chief Financial Officer, following Sean Glithero’s decision to step down from his CFO role and from the Board. White will be joining Funding Circle from Vanquis Bank,… Read More

January 27, 2020 @ 3:55 am By JD Alois  |  

Linked Finance, a peer-to-peer lending platform based in Ireland, has launched five-year unsecured business loans for Irish SMEs, according to a company release. Linked Finance will now offer unsecured loans of up to €300,000 to Irish companies “with more complex funding requirements.” The company describes… Read More

January 23, 2020 @ 9:25 pm By JD Alois  |  

Funding Circle (LSE:FCH) posted an update on investor returns earlier today. Currently, the online lender offers two different investment opportunities for investors: Conservative or Balanced. The update effectively included no new news as projected rates remained the same as previously expected: Balanced: 4.5% to 6.5%… Read More

January 23, 2020 @ 4:22 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Thursday it has formed a new partnership with offer a suite of products and in-person experiences to its nearly one million SoFi members. According to SoFi, the partnership will initially focus on the SoFi Money debit card, for which Mastercard… Read More