Tagged: online lending

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

May 29, 2019 @ 8:31 pm By JD Alois  |  

LendingClub (NYSE:LC) has posted a presentation apparently in preparation for its annual shareholder meeting which is scheduled to take place on June 5, 2019. The deck, embedded below, is largely a rehash of LendingClub’s Q1 report which took place the first week of May. There… Read More

May 29, 2019 @ 12:50 pm By Samantha Hurst  |  

BondMason, an online savings and investments platform that sources investments from across the peer-to-peer (P2P) market for its clients, has reportedly announced it is officially shutting down its P2P lending business. Launched in 2015, BondMason claims it makes it easier for investors to target gross… Read More

May 29, 2019 @ 11:20 am By JD Alois  |  

Fintech SoFi, a company that started as an online lender but now provides a portfolio of services, has closed on a $500 million funding round giving the company a valuation of $4.3 billion. The funding round was led by the Qatar Investment Authority (QIA). Current… Read More

May 28, 2019 @ 11:25 am By Samantha Hurst  |  

UK-based business lender Growth Street announced on Tuesday it has surpassed 2,500 investors, while simultaneously launching its Innovative Finance ISA (IFISA). The lending platform reported that by offering a 5.8% annual fixed rate of return, the Growth Street ISA has a one-year fixed term, and… Read More

May 24, 2019 @ 3:28 am By JD Alois  |  

SoLo Funds, a peer-to-peer lending platform that provides access to small loans, reports that it is now available across the contiguous US. Travis Holoway, CEO and Co-founder of SoLo Funds, says there is no longer a need to go to a payday lender. “SoLo is… Read More

May 20, 2019 @ 4:59 pm By Samantha Hurst  |  

Just one week after launching its latest equity crowdfunding campaign on Seedrs, UK-based peer-to-peer lending platform Assetz Capital has successfully secured its initial £1 million funding target and is now nearing £1.3 million. The funding round comes less than two years after Assetz Capital raised more… Read More

May 20, 2019 @ 2:01 pm By Samantha Hurst  |  

China-based consumer finance platform LexinFintech announced on Friday its first quarter 2019 unaudited financial results, which ended on March 31st. According to LixinFintech, Operational Highlights include: Total outstanding principal balance of loans1 reached RMB35.0 billion as of March 31, 2019, representing an increase of 64.7%… Read More

May 17, 2019 @ 3:21 pm By Samantha Hurst  |  

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Friday changes in its business operations and to its board of directors. The lender revealed that it has acknowledged its inability to file its annual report on Form 20-F in a… Read More

May 16, 2019 @ 10:17 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform announced on Thursday it topped $200 million in coin deposits in the course of ten months, as well as completed $1.2 billion in originated crypto loans. Founded in 2010, Celsius claims that it addresses the financial needs… Read More

May 16, 2019 @ 10:25 am By JD Alois  |  

Australian Fintech Prospa has announced its intent to complete an initial public offering (IPO) on the ASX on June 11, 2019. Prospa was founded by Greg Moshal and Beau Bertoli in 2012 with seed funding from Entrée Capital. The online lender originated its first loan… Read More

May 14, 2019 @ 5:25 pm By JD Alois  |  

Fitch is out with a report on marketplace lending (MPL) asset-backed securities (ABS) stating declining credit enhancement is unwarranted. Fitch states that credit enhancement (CE) levels of ‘Asf’ category rated US MPL ABS have meaningfully declined since 2017, while asset quality remained relatively steady. As… Read More

May 14, 2019 @ 10:10 am By JD Alois  |  

creditshelf Aktiengesellschaft (CSQ.F), a Fintech marketplace for small and medium-sized enterprises (SMEs) in Germany, has held its first annual general meeting in Frankfurt am Main following its IPO in July 2018. The company reports solid shareholder participation as 52.16 % of share capital was represented… Read More

May 14, 2019 @ 8:09 am By JD Alois  |  

LendingCrowd, the only online lending platform based in Scotland, has launched two new features designed to boost diversification for investors’ portfolios. LendingCrowd states that investors in their Growth Account and Income Account, both available as an IFISA, can already create diversified portfolios of loans to… Read More

May 13, 2019 @ 10:26 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital is now seeking £1 million through its new equity crowdfunding campaign on Seedrs. Founded in 2012, Assetz Capital describes itself as a provider of alternative funding sources to SMEs and Property Developers and is one of the fastest-growing peer-to-peer… Read More

May 13, 2019 @ 9:41 pm By JD Alois  |  

This past March, PeerStreet, a real estate crowdfunding platform, announced that it had topped $2 billion in transactions and over $1 billion in Assets Under Management. Three months early in January, that transaction number stood at $1.7 billion. If that pace holds, PeerStreet should be… Read More

May 13, 2019 @ 8:14 am By Samantha Hurst  |  

Leading marketplace lending platform Prosper announced on Monday the release of the financial results for the first quarter of 2019. Prosper reported that during the quarter it closed its second warehouse facility with $300 million in commitments, providing the company with $500 million in total… Read More