Tagged: online lending

April 24, 2019 @ 2:19 pm By Samantha Hurst  |  

Fintech unicorn SoFi is reportedly seeking to raise $500 million from the Qatar Investment Authority. The company, which has a valuation of $4.3 billion, has previously raised $2 billion from investors, which includes Manhattan Venture Partners, RSC Capital, SoftBank, Silver Lake Partners, and DCM Ventures. Founded… Read More

April 23, 2019 @ 9:43 am By JD Alois  |  

Beginning today, LendingClub (NYSE: LC) will connect small business borrowers seeking a loan on their online lending platform with both Funding Circle and Opportunity Fund. The initiative is being pitched as a collaboration designed to substantially increase small business owners’ access to transparent, affordable and… Read More

April 23, 2019 @ 1:00 am By JD Alois  |  

Peer-to-peer investment platform RateSetter has been recognized with a prestigious Queen’s Award for Enterprise for excellence in innovation. Established in 1965, the Queen’s Award for Enterprise is the most prestigious business award in the UK. The Award recognizes the success of innovative businesses which are… Read More

April 22, 2019 @ 12:44 pm By JD Alois  |  

Online Lender Upgrade, a Fintech serving the consumer credit market, has been named a “Best Place to Work in the Bay Area’”by the San Francisco Business Times and Silicon Valley Business Journal. Upgrade is the creation of  CEO Renaud Laplanche, the founder of publicly traded… Read More

April 18, 2019 @ 1:58 pm By JD Alois  |  

The largest marketplace lending company LendingClub (NYSE: LC) will report Q1 2019 results after the bell on Tuesday, May 7, 2019. According to the Q4 report, the following guidance was provided: Net Revenue to be in the range of $162 million to $172 million Consolidated… Read More

April 18, 2019 @ 8:40 am By Samantha Hurst  |  

Lendified, a lending platform for small businesses and a SaaS technology platform providing AI-enabled credit origination and analytics to financial institutions, announced on Wednesday it secured $15 million through its latest funding round with institutional and private investors. The investors include CI Financial Corp., Windsor Private… Read More

April 17, 2019 @ 6:38 pm By Samantha Hurst  |  

The European Investment Bank (EIB) announced on Wednesday it will lend €100 million to small businesses through online lending platform Funding Circle. According to the banking group, the investment, alongside a further €25 million from a leading global asset manager, will support more than 2,000… Read More

April 16, 2019 @ 8:44 am By JD Alois  |  

Welendus (PTP Funding Limited), a peer to peer lending platform, has received an investment from the Unicorn Ascension Fund (UAF) for an undisclosed amount. The investment was said to be used for future expansion into India. Other early-stage investors in the company include Pontaq, a… Read More

April 15, 2019 @ 9:35 am By JD Alois  |  

A report from Mintos, an online marketplace for investments in loans, states they have topped €2 billion in funding. Mintos CEO and co-Founder Martins Sulte commented that hitting the €2 billion milestone shows that Mintos is on on the right path of making financial services… Read More

April 14, 2019 @ 9:12 pm By Samantha Hurst  |  

Peer-to-peer property lender CrowdProperty will be closing its Seedrs funding round after surpassing £1 million in funding from close to 550 investors. As previously reported, CrowdPropert describes itself as a platform that promotes investments that return up to 8% per annum noting that, to date,… Read More

April 14, 2019 @ 9:04 pm By Samantha Hurst  |  

Propio, a UK-based property investment platform, is set to close its equity crowdfunding campaign on Crowdcube with more than £350,000 from nearly 465 investors. As previously reported, Propio describes itself as the home of the Property ISA.  Its platform notably combines decades of property expertise… Read More

April 12, 2019 @ 10:32 am By Samantha Hurst  |  

Online lending platform SoFi announced on Thursday the availability of two new exchange-traded funds (ETFs), the SoFi Select 500 ETF (NYSE: SFY) and the SoFi Next 500 ETF (NYSE: SFYX). According to SoFi, both funds have fee waivers in place that lower total fund expenses… Read More

April 11, 2019 @ 1:36 pm By Samantha Hurst  |  

Less than six months after announcing the first rated securitization of its receivables portfolio, Credibly, a small and medium-sized business lending platform, announced the next phase in its balance sheet growth strategy by launching a $10 million investment grade-rated senior debt offering. The transaction closed late… Read More

April 11, 2019 @ 6:41 am By Samantha Hurst  |  

Singapore based online lender Validus announced this week that following its $15.2 million fundraise the lending platform has formally launched in Indonesia through its domestic business entity, Batumbu, in partnership with Indonesia’s Triputra Group. As previously reported, Validus was launched in 2015 and claims to… Read More

April 10, 2019 @ 3:24 pm By Samantha Hurst  |  

Peer-to-peer property lender CrowdProperty is set to close its equity crowdfunding campaign on Seedrs with more than £900,000 in funding from over 500 investors. The campaign, which launched last month,  quickly topped the minimum target of £600,000 for a 3.68% equity stake in the platform…. Read More

April 9, 2019 @ 8:31 am By Samantha Hurst  |  

Online lending platform UpStart announced on Monday it secured a $50 million equity investment from Progressive Investment Company Inc., Healthcare of Ontario Pension Plan, and First National Bank of Omaha. Founded in 2012 by ex-Googlers, Upstart is described as a lending platform that leverages artificial intelligence… Read More

April 8, 2019 @ 3:06 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Monday it has closed a $700 million securitization. The company claimed it was the largest asset-back securitization (ABS) by a small business online lending platform to date. According to Kabbage, the oversubscribed transaction saw strong demand from both new… Read More

April 8, 2019 @ 9:11 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Friday it will offer to fund and debit customer bank accounts with Same Day ACH transfers. According to OnDeck, same Day ACH transfers will provide qualified OnDeck Term Loan and Line of Credit customers… Read More

April 8, 2019 @ 6:26 am By JD Alois  |  

Online lending company Robocash Group has moved into the Islamic finance sector via a partnership in Indonesia with Reliance Finance. Robocash has launched a new Fintech service providing personal financing in full compliance with the Shariah law. Robocash said the new service has been labeled… Read More

April 7, 2019 @ 9:07 pm By Samantha Hurst  |  

Finland based peer to peer lender Fellow Finance announced last week that it facilitated €18.2 million of loans in March 2019 and its total number of investors grew to more than 12,000. As previously reported, Fellow Finance was founded in 2014 and its main business… Read More