Tagged: online lending

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

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday it has appointed Lonnie Hayes as the new head of sales and strategy for ODX, a wholly-owned subsidiary of OnDeck that assists banks with streamlining and digitizing small business credit origination. According to… Read More

July 23, 2019 @ 9:57 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 5.875% Series A Term Preferred Stock. The Board of Directors of RiverNorth Marketplace Lending Corporation has declared a Series A… Read More

July 22, 2019 @ 10:49 am By JD Alois  |  

Not too long ago, the Chinese peer to peer lending industry was growing at a breakneck speed and the largest online lending market in the world. This sector of Fintech was the enormous in China as big names and aspiring platforms moved quickly to fill… Read More

July 21, 2019 @ 9:51 pm By Samantha Hurst  |  

SecurCapital Corp, an expanding supply chain and financial services provider, announced last week it has acquired Breakout Capital Finance, a fintech company and nationwide small business lender.  Founded in 2015, Breakout Capital claims it is a small business lender that provides simple, straightforward working capital… Read More

July 18, 2019 @ 2:56 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) issued its Q2 earnings report this past Tuesday (July 16). Goldman’s shares moved higher following the release after beating expectations on both the top and bottom lines. Goldman also announced an increase in the capital return program including an increase in the… Read More

July 14, 2019 @ 10:11 pm By Samantha Hurst  |  

OnDeck Canada announced last week it has formed a new partnership with Canadian credit union, Coast Capital Savings, to accelerate online lending to Coast Capital small business members. According to OnDeck Canada, Coast Capital Savings small business members may now apply for term loan financing… Read More

July 10, 2019 @ 3:32 pm By Samantha Hurst  |  

Brazilian digital secured lending platform, Creditas, successfully secured $250 million through its latest investment round, which was led by Japan’s SoftBank with participation from Vostok Emerging Finance (VEF).  As previously reported, Creditas’ mission is to reduce the Brazilian consumer debt burden by offering consumer loans… Read More

July 7, 2019 @ 9:25 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital completed its equity crowdfunding round on Seedrs with nearly £1.9 million in funding. The campaign was launched earlier and quickly raised its initial £1 million. It also drew in more than 1,000 investors during its run.  Assetz Capital is… Read More

July 5, 2019 @ 10:06 pm By Samantha Hurst  |  

Online lending platform Funding Circle announced on Thursday the launch of its first direct lending private fund focused on German and Dutch small businesses. According to Funding Circle, The Funding Circle European SME Direct Lending Fund I (European SME Fund) provides institutional investors including pension… Read More

July 4, 2019 @ 8:52 am By JD Alois  |  

creditshelf Aktiengesellschaft, a Germany based online lender, says it lending volume has more than doubled in volume during the first 6 months of 2019. In comparing the first half of 2019 versus the first six months of 2018,  creditshelf reports that the volume of arranged… Read More

July 2, 2019 @ 3:08 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Tuesday it is set to launch a new consumer installment financing platform, called “Hexin Installments.” According to Hexindai, the platform will offer carefully curated categories for installment financing, such as electronic products, education, and travel products… Read More

July 2, 2019 @ 1:40 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital has successfully surpassed £1.8 million through its equity crowdfunding campaign on Seedrs. The funding round was launched in May and quickly raised its initial £1 million. So far, more than 1,000 investors have contributed to the initiative.  As previously… Read More

July 2, 2019 @ 10:11 am By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday it has secured a $200 million revolving credit facility to support its growth for providing U.S. small businesses access to flexible, online funding. According to Kabbage the senior tranche of the new dual-class transaction earned an A(sf) rating… Read More

July 1, 2019 @ 11:24 am By Samantha Hurst  |  

Online marketplace lending platform LendingClub (NYSE: LC) announced on Monday it has issued over $2 Billion in CLUB Certificates since the program’s launch less than a year and a half ago. LendingClub reported that it took a year for the lender to issue its first… Read More

June 28, 2019 @ 7:32 am By Samantha Hurst  |  

LendInvest, a UK-based online marketplace for mortgages, announced on Friday it received a top rating from European Ratings Agency, ARC Ratings, for the fifth conservative year. According to LendInvest, ARC Ratings is a regulated European credit rating agency registered with the European Securities and Markets… Read More

June 25, 2019 @ 8:39 am By JD Alois  |  

Peer to peer lender and digital bank Zopa is out with note highlighting the fact that consumers too frequently do not receive the interest rate they expect when applying for a loan. In fact, Zopa states that an astounding two-thirds of loan applicants are offered… Read More

June 24, 2019 @ 4:01 am By JD Alois  |  

MarketInvoice, a Fintech in the invoice financing sector, has published their “MarketInvoice Business Insights survey” based on responses from 1,000 business owners of UK Ltd companies between 31st May and 5th June 2019. According to their results, the lack of finance options is considered to… Read More

June 23, 2019 @ 12:44 pm By JD Alois  |  

Online lending is the future. Everybody knows that. It is easier, faster, and more convenient for both lender and borrower. Over the past decade or so, a good number of direct lenders, be they balance sheet, marketplace or other, have cropped up to service the… Read More

June 20, 2019 @ 10:24 am By JD Alois  |  

Peer to peer lender Viainvest has circulated an email indicating they have established  “one interest rate for all loan originators.” Currently, the interest rate is pegged at 11%. Viainvest, part of the Via SMS Group, is based in Riga, Latvia. The company currently offers small… Read More

June 19, 2019 @ 1:00 am By Therese Torris  |  

Younited Credit announced today that it has hired Kai Friedrich, a senior German banker to head its German operations. Younited Credit is the only consumer lending platform which has its own “passportable” license allowing it to operate as a credit institution throughout the European Union…. Read More