Tagged: online lending

October 28, 2019 @ 7:18 am By Omar Faridi  |  

California-based BlueVine, a Fintech firm that provides small and medium-sized businesses (SMBs) access to “fast funding” and up to $5 million in loans via an advanced, online platform, is introducing its own banking service, called “BlueVine Business Banking.” Like all other US-based Fintech banks, it… Read More

October 27, 2019 @ 5:24 pm By JD Alois  |  

Figure Technologies, a lending platform that uses blockchain technology, is now offering student loan refinancing. Figure’s initial products included HELOC’s (home equity loans) and mortgage refinancing. Figure is the creation of Mike Cagney, founder of SoFi – a Fintech that started with the student lending… Read More

October 27, 2019 @ 4:58 pm By Timothy Li  |  

Online student loan lender Earnest has announced a brand new app to help students to get their student loans with ease. The Fintech revealed a new slogan alongside the app; “student loans that students love.” Susan Ehrlich unveiled the lenders app at Money2020 today which is… Read More

October 25, 2019 @ 7:57 am By Omar Faridi  |  

London-based Capital On Tap, a Fintech firm that provides working capital including loans and credit cards to small businesses, recently reached a milestone of lending £1 billion to small companies since the firm began operating in 2012.  Capital On Tap had lent £500 million by… Read More

October 25, 2019 @ 7:38 am By JD Alois  |  

When you make a payment today using your online bank account it can take days to process. This makes absolutely no sense at all. This is a disservice to users and only benefits big banks as they gain by holding the money as long as… Read More

October 22, 2019 @ 7:44 am By JD Alois  |  

Capitalise.com has announced a new partnership with iwoca and an unnamed “high street bank” to provide instant decisions on credit for participating businesses labeled “Instant Offers.” The service is said to remove any delay for online lending. iwoca is an online lender that offers loans… Read More

October 22, 2019 @ 2:55 am By JD Alois  |  

EstateGuru, an online lender for short-term, property-backed loans for SMEs, is reporting having financed 1040 loans for a total amount of €153 million since 2014. Geographically, 68.27% of them were in Estonia, 17.92% in Latvia, 12.24% in Lithuania, 1.37% in Finland, 0.1% in Portugal, and 0.1%… Read More

October 19, 2019 @ 11:36 am By Omar Faridi  |  

UK-based Proportunity, a Fintech firm for first-time property buyers, has raised £2 million (appr. $2.6 million) through a seed investment round in order to fund the development of its home equity lending platform. Proportunity’s management claims they’re the only help-to-buy challenger in the market that… Read More

October 16, 2019 @ 4:15 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Wednesday it has provided more than 10,000 Kiva micro-loans to entrepreneurs in the developing world through Lendio Gives. Lendio reported that its Lendio Gives is an employee donation and employer matching program focused on facilitating global entrepreneurship. To… Read More

October 10, 2019 @ 9:52 pm 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 Thursday the final results of its repurchase offer for up to 5%, or 349,075 of its outstanding common shares. RiverNorth reported that… Read More

October 10, 2019 @ 9:32 am By JD Alois  |  

Upgrade, an online consumer lending platform, has launched a new physical credit card labeled “Upgrade Card.” The card is designed to provide the convenience of a credit card combined with lower interest rates associated with installment loans. According to a release, interest rates start at… Read More

October 8, 2019 @ 2:41 pm By JD Alois  |  

Deutsche Handelsbank has appointed two co-CEOs. Deutsche Handelsbank is an interesting institution that is focused on Fintech. Originally launched as a payment transaction service provider, today the bank provides SME loans, including factoring, as well as savings accounts. On top of this, Deutsche Handelsbank provides… Read More

October 8, 2019 @ 9:53 am By Samantha Hurst  |  

Peer to peer lender Beehive announced on Tuesday it has facilitated funding for its first SME in Bahrain. According to the online lending platform, the SME, Bahrain-based Mira Packaging Factory, manufactures disposable paper cups and other food packaging solutions to the GCC and African F&B industry.  “Since… Read More

October 7, 2019 @ 7:01 pm By JD Alois  |  

ID Finance, said to be the fastest-growing Fintech in Spain, is queuing up a crowdfunding offering on Crowdcube. ID Finance reports that it should hit €90 million in top-line revenue this year making it one of the largest companies to raise capital on Crowdcube so… Read More

October 7, 2019 @ 7:20 am By JD Alois  |  

Linked Finance is announcing a new product as the deadline for a Brexit deal nears. The Ireland based peer to peer lending platform has launched new “Beyond Brexit” loans for Irish SMEs. The new loans are said to provide working capital to Irish businesses preparing… Read More

October 5, 2019 @ 6:38 pm By JD Alois  |  

Lenmo, an alternative lender that is a marketplace for investors to fund loans all on an App, is raising up to $3 million on SeedInvest. Lenmo is a small-dollar lender that will provide credit when banks say no as it will accept subprime borrowers –… Read More

October 4, 2019 @ 8:17 am By Omar Faridi  |  

UK-based Fintech firm Equals Group (LON:EQLS), which provides a travel card to around 1 million users, global payments solutions for companies, and tools to manage finances, has launched its first loan for small- and medium-sized businesses (SMBs) through a partnership with SMB lender iwoca.  Equals… Read More

October 3, 2019 @ 4:57 pm By Timothy Li  |  

Initial Thoughts Every year, thousands of finance professionals from banks, credit unions, specialty financing companies and Fintech companies converge at Lend360. It’s an annual pilgrimage where decision-makers in the financing sector come together to learn from each other and plan ahead for the new year…. Read More

October 3, 2019 @ 2:06 pm By Samantha Hurst  |  

Financing small businesses lender StreetShares announced on Wednesday it has teamed up with Farm Bureau Bank (FBB) to provide small business lending to FBB’s members. StreetShares reported that by using its Lending-as-a-Service (LaaS) platform services, the bank may now offer small business loans with a digital… Read More

October 2, 2019 @ 10:39 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 Tuesday its monthly distribution of $0.18 per common share for the months of October, November, and December 2019. According to RiverNorth, the… Read More