Tagged: online lending

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

June 18, 2019 @ 9:00 am By JD Alois  |  

LendingClub (NYSE:LC), an online lender mostly catering to the consumer market, has announced an enhanced service to help individuals pay down debt – largely from high-interest rate credit cards. According to LendingClub, after extensive testing, the online lender has announced the broader launch of “balance… Read More

June 16, 2019 @ 5:00 pm By X.Y. Ng  |  

The Fintech space has seen significant investment growth in recent years. Out of 310 private companies valued at over US$1 billion globally, 10 percent are in the Fintech sector, according to CB Insights. Only two other sectors claim a larger share of the unicorn pie,… Read More

June 14, 2019 @ 11:54 am By JD Alois  |  

PeopleFund, a South Korea based online lender, has raised $35 million as part of an extension of a Series B funding round which was announced in October 2018.  PeopleFund is a marketplace lending platform which means it accepts investments from both individuals and institutions. PeopleFund… Read More

June 14, 2019 @ 11:19 am By JD Alois  |  

Peer to peer lender Kuflink has reported surpassing £50 million worth of bridging and development loans. Kuflink is a UK based P2P lender serving the property market. All loans are said to be secured by UK property. According to the website, investors may earn up… Read More

June 14, 2019 @ 7:26 am By JD Alois  |  

Linked Finance, an Ireland based peer to peer lender serving SMEs, has topped €100 million in lending, according to a note from the company. Management states that this milestone indicates that P2P lending is a proven funding option which is being recognized by Irish SMEs…. Read More

June 13, 2019 @ 6:46 am By JD Alois  |  

The UK Peer to Peer Lending Association (P2PFA) is out with their quarterly report of member platforms. According to the Association, P2P lending increased more than £866 million in Q1 taking cumulative lending for the Association’s members to more than £10.5 billion. P2PFA members are… Read More

June 12, 2019 @ 3:26 pm By JD Alois  |  

Beijing-based BabelFinance, formerly doing business as BabelBank, has issued a release stating crypto backed loans are booming. Since opening in 2018, BabelFinance has originated more than $124 million in crypto backed loans. According to a note from the company, BabelFinance expects to hit “$1 billion… Read More

June 10, 2019 @ 11:05 pm By JD Alois  |  

Online lender Prospa has been admitted to the official list of the Australian Securities Exchange (ASX) following the successful completion of the IPO. According to a note from Prospa, the Fintech sold 29 million shares at $3.78/share raising $109.6 million. Following settlement, Prospa will have… Read More

June 10, 2019 @ 12:57 pm By Samantha Hurst  |  

LendInvest, a UK-based online marketplace for mortgages, announced on Monday it has securitized £259 million of UK prime Buy-to-Let mortgage loans in an oversubscribed RMBS transaction. LendInvest claims it is the UK’s first marketplace platform to securitise its own assets and the securitization received an… Read More

June 6, 2019 @ 11:32 pm By JD Alois  |  

Online lender Younited Credit has completed its first public securitization transaction: Youni 2019-1, listed on Euronext, Paris. Youni 2019-1 is the first public securitization carried out by a Fintech in continental Europe. Younited Credit claims to be the first Fintech in the world to earn,… Read More

June 6, 2019 @ 2:24 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital has reportedly surpassed both bridging and SME lending milestones. According to Bridging and Commercial, the online lender has provided more than £100 million in bridging finance and £50 million in SME funding.  Speaking about the latest milestone, Damien Druce,… Read More

June 6, 2019 @ 1:40 pm By JD Alois  |  

Online lender LendingUSA is showing some of their employees the door. Crowdfund Insider recently received a tip from someone with knowledge of the firings. LendingUSA is a Fintech lender that provides loans to small businesses ranging from $1000 to $35,000. Founded in 2015, LendingUSA specializes… Read More

June 6, 2019 @ 8:35 am By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Wednesday it has appointed Denada Ramnishta as its new Senior Vice President of Lender and Partner Strategy. Prior to being promoted to this position, Ramnishta was formerly Head of Business Development and Partnerships. In her new role, she… Read More

June 4, 2019 @ 4:04 pm By Samantha Hurst  |  

LendInvest, an online marketplace for mortgages, announced on Tuesday it has reported a period of strong growth and significant operational and strategic progress for the year, ending on March 31st. The online lender revealed the following: Financial highlights: Platform revenue increased 36% to £72.7m (FY18:… Read More

June 4, 2019 @ 2:10 pm By Samantha Hurst  |  

Online lending platform Biz2Credit announced on Tuesday it secured $52 million through its Series B funding round, which was led by WestBridge Capital. Founded in 2007, Biz2Credit is on a mission to provide small businesses with lending solutions throughout their lifecycle in a flexible and… Read More

June 4, 2019 @ 7:52 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published a long-anticipated update to crowdfunding rules. More specifically, the FCA has “enhanced” aspects of investor protection for investors participating in peer to peer lending (P2P). Rules for investment crowdfunding, on the other hand, came out largely unchanged…. Read More

May 30, 2019 @ 9:42 am By JD Alois  |  

Online lender creditshelf (CSQ.F) has reported financial results for the first quarter of fiscal year 2019. According to the Germany-based Fintech, revenues tripled in the first quarter versus the same period year prior. creditshelf is a marketplace lender that matches investors to SMEs in need… Read More