Tagged: online lending

August 13, 2019 @ 2:53 pm By Samantha Hurst  |  

Leading marketplace lending platform Prosper announced on Tuesday the release of its Second Quarter 2019 Financial Results. Prosper reported that during the quarter personal loan originations increased 27% compared to the first quarter of 2019, and the online lender has now generated positive adjusted EBITDA… Read More

August 12, 2019 @ 3:36 pm By JD Alois  |  

P2Binvestor (P2Bi) is an online lender providing access to capital for businesses which are typically not able to access traditional bank financing. The 5-year-old Fintech lender provides term loans and lines of credit based off of a borrowers assets – mainly accounts receivable. P2Bi explains… Read More

August 12, 2019 @ 2:28 pm By Samantha Hurst  |  

HSBC Bank announced on Monday the launch of its digital lending platform that is powered by end-to-end technology platform Amount. HSBC claims that this new platform provides U.S. consumers with a “simple” way to apply for personal loans online. “HSBC is leveraging Amount’s technology platform… Read More

August 11, 2019 @ 8:02 pm By X.Y. Ng  |  

Thanks to the rise of peer-to-business (P2B) lending, the concept of Small and Medium Enterprise (SME) debt as an asset class has altered for the better. With low risk of default and high-interest rate returns, it is now possible to invest in SME debt at… Read More

August 10, 2019 @ 4:51 pm By JD Alois  |  

SME Peer to peer lending platform Growth Street has joined digital bank Starling Bank‘s marketplace, according to a blog post. Excited to announce that GrowthLine is now available on the #Starling Marketplace! It means your business can apply for and manage your GrowthLine all from… Read More

August 9, 2019 @ 8:32 am By Samantha Hurst  |  

Online lending platform Funding Circle announced on Thursday the numbers of H1 2019, which are the results for the first six months of 2019, ending on June 30th. According to Samir Desai, the CEO and Co-Founder of Funding Circle, the online lending platform grew in revenue… Read More

August 9, 2019 @ 8:21 am By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has topped $300 million in coin deposits, as well as completed more than $2 billion in originated crypto loans during its first year of operation. Founded in 2017 and launched 2018, Celsius states… Read More

August 9, 2019 @ 7:42 am By JD Alois  |  

P2P lender Robo.cash has financed €100 million in loans, according to a release. Robo.cash says that data for the first seven months of 2018 and 2019 show an upward trend: this year, the volume of funded loans has grown by 74.5% and amounted to €41.9… Read More

August 8, 2019 @ 12:17 am By JD Alois  |  

Online lender Prospa Group Limited (ASX: PGL) has established its first warehouse facility specifically to fund New Zealand small business loans. According to a note from Prospa, the 3-year facility has an initial capacity of NZ $45 million. Prospa currently provides access to capital in… Read More

August 7, 2019 @ 2:18 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Tuesday it has facilitated more than $1.5 billion in financing to small businesses across the U.S. This news comes just a few weeks after Lendio acquired of cloud-based small business account platform, Billy, and the launch of Lendio’s… Read More

August 7, 2019 @ 1:30 pm By JD Alois  |  

Shares in LendingClub (NYSE:LC) are rising during another down market day as the trade war with China has no end in sight and political tempers flare. Shares are currently trading over 10% higher following yesterday’s Q2 earnings report where LendingClub said it expected to finally… Read More

August 7, 2019 @ 10:12 am By Samantha Hurst  |  

Online lending platform Biz2Credit announced on Tuesday the release of its Biz2Credit Small Business Lending Index, which revealed approval rates for small business loan applications rose to another post-recession record (27.7%) at big banks ($10 billion+ in assets), while also climbing above 50% at small… Read More

August 6, 2019 @ 4:55 pm By JD Alois  |  

LendingClub (NYSE: LC), an online lending platform for both borrowers and investors, has posted second-quarter results. While still generating a loss, LendingClub said it was on track to be net income profitable (Adjusted) by Q3. LendingClub took years to originate its first $1 billion. Today,… Read More

August 6, 2019 @ 12:42 pm By Samantha Hurst  |  

Cryptoasset-to-USD lender BlockFi announced on Tuesday it secured $18.3 million through its Series A funding round, which was led by Valar Ventures with participation from Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek, and PJC.  As previously reported, BlockFi… Read More

August 5, 2019 @ 10:31 pm By JD Alois  |  

Apple Card, a “new kind of credit card” launched by Apple (NASDAQ:AAPL) in partnership with Goldman Sachs (NYSE:GS) is expected to be made available to the public within the next few days. In fact, it has been reported that invitation emails have already gone out… Read More

August 1, 2019 @ 3:24 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has topped  $300 million in AUM and $2.2 billion in loans. Celsius Network reported: “These new numbers reflect the company’s unparalleled growth during its first year in operation and places Celsius as the… Read More

July 30, 2019 @ 7:50 am By JD Alois  |  

Robo.cash, a peer to peer lending platform operating in Europe as well as parts of Asia, has surveyed their investors and come to the conclusion that individuals in different parts of Europe – invest differently.  According to Robo.cash, investors in Central Europe tend to make… Read More

July 29, 2019 @ 7:44 pm By JD Alois  |  

Earlier today before market open, online lender Ondeck (NYSE:ONDK) posted Q2 earnings. Ondeck said that it generated net income of $4.3 million, adjusted net income of $6.9 million and gross revenue of $110.2 million. Second-quarter results were inclusive of the company’s business combination with Evolocity… Read More

July 29, 2019 @ 6:27 pm By JD Alois  |  

Elevate Credit (NYSE: ELVT) announced the exit of CEO Ken Rees today a Q2 earnings release missed on top-line numbers and the Fintech lowered guidance for Q3. Current COO Jason Harvison was selected to be interim CEO as the firm seeks a full-time replacement. Rees… Read More

July 29, 2019 @ 10:55 am By JD Alois  |  

Lending platform Alchemy Fintech has formed a “definitive” partnership with Argyle. Argyle seeks to provide infrastructure for businesses and end-users alike to access workforce data. By integrating with  Argyle, uses may create a more efficient underwriting, monitoring, and fine-tuned user experience. Alchemy, a Fintech startup… Read More