Tagged: online lending

September 16, 2019 @ 4:15 pm By JD Alois  |  

Groundfloor, a real estate lending and investing platform that allows anyone to participate directly in real estate investments, has launched a new product to make the lending process more easier for real estate investors. Groundfloor now allows certain developers to gain pre-approval on loans with… Read More

September 14, 2019 @ 6:25 pm By Xu Gao  |  

The National Internet Finance Association of China Requires Members to Disclose Annualized Lending Costs This week, the National Internet Finance Association of China (NIFA) issued a notice to member institutions about annualized lending costs disclosure and industry discipline. According to the notice, some online lending… Read More

September 13, 2019 @ 10:51 pm By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Friday its latest survey reveals that the economy is a top concern for small businesses ahead of next year’s presidential election. According to OnDeck, the survey is the first in a series that the… Read More

September 12, 2019 @ 2:22 pm By Samantha Hurst  |  

LendKey, a lending-as-a-service solution for banks and credit unions, announced on Thursday it surpassed $3 billion in loan originations for its lending partners. The lender reported that nearly 300 lenders have utilized the company’s turnkey digital lending solution to expand product offerings across multiple asset classes… Read More

September 12, 2019 @ 7:52 am By JD Alois  |  

Leading UK Fintech and online mortgage provider LendInvest has joined MCI Mortgage Club’s lender panel. The move was said to be driven by the desire to offer the company’s Buy-to-Let mortgage products to a wider audience of brokers. Mortgage Club members will now have access… Read More

September 11, 2019 @ 4:44 pm By JD Alois  |  

Canada’s first peer to peer lending platform for SMEs, Lending Loop, has topped CDN $50 million in loans, according to a post by Brendon Vlaar, co-founder and CTO of the company. Lending Loop provides investment opportunities in debt-based securities to both accredited and non-accredited investors…. Read More

September 10, 2019 @ 10:10 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Tuesday its support for the decision by industry regulators to include the country’s P2P platforms in the central bank’s credit system. The online lender reported that it believes this as a positive move for the P2P… Read More

September 8, 2019 @ 4:33 pm By Omar Faridi  |  

The initial coin offering (ICO) craze of 2017 and early 2018 helped generate billions of dollars for blockchain startups throughout the world. However, many ICO projects were scams or did not lead to the development of useful products. London-based Celsius is among the very few… Read More

September 8, 2019 @ 10:22 am By Omar Faridi  |  

For the first time ever, giant Wall Street investment bank Goldman Sachs’ (NYSE:GS) structured finance division is providing a $100 million secured credit facility to Mexico-based Fintech startup Konfio Ltd. The funds will be directed toward Konfio’s business operations, which include providing unsecured working capital… Read More

September 8, 2019 @ 8:33 am By Omar Faridi  |  

Fintech firms that originally offered loan originations and pure-play credit marketplaces are now looking to become lenders themselves. Some of these firms have either applied for or have received a non-banking finance company (NBFC) license from the Reserve Bank of India (RBI), according to local… Read More

September 6, 2019 @ 7:43 am By JD Alois  |  

Peer to peer lender Robo.Cash says that beyond loans denominated in Euros, European investors are expressing interest in Ruble denominated loans. This comes at a time when the Ruble has risen against the Euro by 9%. Robo.Cash states that in a survey conducted on the… Read More

September 5, 2019 @ 2:02 pm By Samantha Hurst  |  

Payments platform Stripe announced on Thursday the launch of its new service, Stripe Capital, which allows internet businesses running on Stripe to access funding. According to Stripe, Access to capital remains a challenge for most companies, especially online businesses, with banks deciding to cut their lending to… Read More

September 3, 2019 @ 3:25 pm By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter announced on Tuesday the launch of its new investment products. The lending platform reported that its goal is to deliver the most consistent returns and the most liquid investment in peer-to-peer investing. RateSetter noted that its delivery of consistent returns is… Read More

August 30, 2019 @ 10:37 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it has made some changes to its management team. Hexindai reported that Johnson Qisen Zhang, the online lender’s CFO, has departed from the company and Kerrie Rui Zhang has replaced Johnson as Hexindai’s new CFO. … Read More

August 30, 2019 @ 8:19 am By JD Alois  |  

Robo.cash, a consumer lender that operates in several European countries as well as Southeast Asia, reports that interest in peer to peer lending in Eastern Europe is increasing. Company analysts claim that the search activity associated with P2P lending in Europe indicates a relative popularity… Read More

August 29, 2019 @ 8:50 pm By Samantha Hurst  |  

Credijusto, an SME lending platform that is based in Mexico, announced on Thursday it secured $42 million through its Series B funding round, which was led by Point72 Ventures and Goldman Sachs with participation from Thomvest Ventures, Wolfson Group, Third Lake Capital and Argo Ventures,… Read More

August 29, 2019 @ 2:31 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday the introduction of compounding interest for crypto holders on its site. According to Celsius Network, members will be able to earn weekly compounded interest on CEL tokens at a rate of 3% per annum…. Read More

August 28, 2019 @ 3:54 pm By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE:FCH) announced on Wednesday it has completed its first asset-backed securitization (ABS) of US small business loans originated through its platform. According to Funding Circle, a total of $198 million was raised through the securitization, which marks “the debut of… Read More

August 25, 2019 @ 10:08 pm By Samantha Hurst  |  

Australasia’s peer-to-peer lending marketplace Harmoney recently announced it has appointed David Stevens as its new CEO. Harmoney reported that Stevens steps into the CEO role in early 2020. The lender’s founder and current CEO Neil Roberts will step away to focus on strategy and product… Read More

August 18, 2019 @ 9:39 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced last week its invested Indonesian online lending platform, Musketeer Group, Inc. (Musketeer) has completed registration for its peer-to-peer lending platform with the Indonesian Financial Services Authority (OJK). Hexindai notably acquired a 20% equity stake in Musketeer in… Read More