Tagged: online lending

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

January 21, 2020 @ 10:57 am By Samantha Hurst  |  

LendingClub (NYSE: LC) announced on Tuesday it is one of 325 companies across 50 industries included in the 2020 Bloomberg Gender-Equality Index (GEI). According to LendingClub, the GEI expanded in 2020 to represent 42 countries and regions, including companies headquartered in the Czech Republic, New… Read More

January 19, 2020 @ 11:20 pm By Samantha Hurst  |  

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, recently announced it has appointed Jimmy Cannon as its new/first President. According to ADF, Cannon has extensive senior management experience with a focus on leading organizations through transformational change and delivering P&L improvement, most… Read More

January 16, 2020 @ 3:52 pm By Samantha Hurst  |  

Wiser (ASX: WZR), an Australia-based neo lending platform, announced on it has secured commitments to raise $33.5 million through a placement of approximately 181 million ordinary shares. According to Wisr, the placement was supposed and allocated to new and existing institutional investors. “The issue price… Read More

January 15, 2020 @ 1:46 pm By JD Alois  |  

October, a leading European online lender, recently published a blog post reviewing last years’ performance. While October was not the first marketplace lender out of the gate in continental Europe it has emerged as one of the leaders. According to the October website, since platform… Read More

January 15, 2020 @ 12:41 pm By Samantha Hurst  |  

UK banking group NatWest announced on Wednesday it has joined forces with Soldo, a pre-paid company card provider for small businesses, to expand its SME lending capabilities. NatWest reported that the partnership will allow two of its ventures, Esme Loans and Rapid Cash, to be… Read More

January 15, 2020 @ 10:29 am By Samantha Hurst  |  

LendInvest, a UK-based online marketplace for mortgages, announced on Wednesday it has made key changes to its BTL product range, which includes increasing the maximum loan size for all property types and introducing a new cashback contribution towards legal fees. The lender then revealed that… Read More

January 13, 2020 @ 10:20 am By Samantha Hurst  |  

ThinCats, a UK-based lending platform, has reportedly hit a new company milestone. According to P2P Finance News, the platform’s 2019 was record-breaking, with its new loan number doubling to nearly 200 million. It was also noted that ThinCats’ loan book is now over 580 million…. Read More

January 9, 2020 @ 11:49 am By JD Alois  |  

Creditshelf Aktiengesellschaft (CSQ.DE), an online lender targeting SMEs in Germany, has released its Q3 2019 numbers. According to the Fintech, topline revenue for the first 9 months of 2019 rose to €2.46 million versus €1.57 million during year prior. The increase in revenue was said… Read More

January 7, 2020 @ 8:51 pm By Cali Haan  |  

As the “public blockchain” space is being tempered now by market forces, regulation and reality, companies running or looking to set up an investing platform or manage token issuance may want to take a look at the Provenance Blockchain, a privately-developed DLT (distributed ledger technology… Read More

January 7, 2020 @ 10:55 am By Samantha Hurst  |  

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Monday the declaration of monthly distributions of $0.18 per common share for the months of January, February and March 2020. It was… Read More

December 27, 2019 @ 3:49 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) of the Philippines has stripped Robocash Finance Corp.’s authority to operate as a financing company for running several branches without the necessary license. According to the SEC, the Corporate Governance and Finance Department (CGFD) issued the order of revocation… Read More

December 18, 2019 @ 7:46 am By Samantha Hurst  |  

Kapitus, a U.S.-based small and medium-sized business financing provider, announced on Tuesday it closed its second asset-backed securitization (ABS) for $160 million. Kapitus reported that the facility, which has a 3-year revolving period, a 5-year legal final, and is expandable to $500 million, was issued in… Read More

December 17, 2019 @ 2:37 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Monday its second regional report revealed a spike in business loan demands in the South Atlantic states. The report notably revealed that in the third quarter the region saw the highest percentage of growth in small business loan… Read More

December 17, 2019 @ 1:56 pm By Samantha Hurst  |  

LendInvest, a UK-based online marketplace for mortgages, reported on Tuesday strong inflows to its flagship real estate debt fund during November. LendInvest reported that over the month, it secured £23 million of new investment for its Real Estate Opportunity Fund. This notably brought the fund’s… Read More

December 14, 2019 @ 2:07 pm By JD Alois  |  

ViaInvest, a peer to peer lender based in Latvia, has added small business loans to its platform. In an email, ViaInvest states: “We are thrilled to inform you, that ViaInvest has expanded its product portfolio by listing business loans on the platform. The first loan… Read More

December 12, 2019 @ 9:11 am By Samantha Hurst  |  

Camino Financial, a U.S.-based online small business lender, announced on Wednesday it raised $8 million through its Series A funding round, which was led by Crédito Real. Founded in 2014, Camino Financial offers business loans and solutions to help small businesses grow. The platform further… Read More