Tagged: online lending

March 13, 2019 @ 2:21 pm By Samantha Hurst  |  

Following its Series C funding round, which secured $1.3 million, Chinese peer-to-peer lending platform Lufax Holding has reportedly increased its total estimated valuation to $39.4 billion. Launched in 2012, Lufax provides professional investment and financial services for SMEs and individual customers. The platform is also… Read More

March 13, 2019 @ 7:38 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday extensions to its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms.  According to OnDeck, the amended facilities provide an aggregate of $360 million of committed funding capacity and are… Read More

March 7, 2019 @ 1:58 pm By Samantha Hurst  |  

Nationwide announced on Thursday it has teamed up with online small business lender BlueVine to offer the fintech’s financing to small businesses through Nationwide’s Business Solution Center. According to Nationwide, small businesses may have access to the online lending platform by applying through the BlueVine… Read More

March 7, 2019 @ 8:07 am By Samantha Hurst  |  

Online lending platform Funding Circle announced on Thursday its plans to enter the Canadian market and expand access to fast, affordable and transparent financing for Canadian small businesses. The lender revealed it will establish operations in Canada in the second half of 2019 with an office located… Read More

March 4, 2019 @ 12:47 pm By Samantha Hurst  |  

Peer to peer property lender CrowdProperty announced on Monday the launch of its new autoinvest product, which is supposed to help investors diversify quickly and easily without a platform or financial advisor fees. According to CrowdProperty: “CrowdProperty AutoInvest is a stress-free way to invest money across… Read More

March 3, 2019 @ 8:13 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital reported last week that its 90-day Access Account secured £10 million during the first week of launch.  According to AltFi, Assetz Capital’s Access Account targets returns of 5.75% a year, adds that investors can also take advantage of 1%… Read More

March 1, 2019 @ 9:47 am By Samantha Hurst  |  

Private lending syndication platform CrowdOut Capital announced on Thursday it has provided a $4.75 million term loan to Precision Opinion, a market research companies in the U.S. that provides insights for political organizations and social science agencies using Computer Assisted Telephone Interviewing technology. While sharing… Read More

February 28, 2019 @ 9:32 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Thursday its unaudited financial results for the quarter ended December 31, 2018. According to Hexindai, fiscal year refers to the 12 months ended on March 31st.  Hexindai reported that Third Quarter of Fiscal Year 2019 Operational… Read More

February 22, 2019 @ 3:40 pm By JD Alois  |  

TransUnion (NYSE: TRU), a US consumer credit reporting agency that profiles just about every single consumer, has just published its Q4 2018 Industry Insights Report and their data holds good news for Fintechs. According to TransUnion, Fintechs continue to increase their market share of personal loans… Read More

February 21, 2019 @ 3:31 pm By Samantha Hurst  |  

Student loan marketplace, College Ave Student Loans, announced on Thursday it secured a $65 million credit facility from Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners.  College Ave Student Loans claimed the credit facility is another marker for it as… Read More

February 21, 2019 @ 2:32 pm By JD Alois  |  

Upgrade, an online lender in the consumer credit sector, has closed its second securitization of personal loans. Upgrade Receivables Trust 2019-1 (UPGR 2019-1) issued $225 million in notes backed by personal loan assets facilitated through the Upgrade platform. The Upgrade Receivables Trust securitization was rated… Read More

February 20, 2019 @ 4:17 pm By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter recently announced its ISA has exceeded expectations in its first year, having attracted £175 million of subscriptions, and currently accounts for one-fifth of the platform’s £830 million funds under management. RateSetter unveiled its ISA in February 2018. It allows investments in peer-to-peer loans to… Read More

February 20, 2019 @ 12:24 pm By Samantha Hurst  |  

October, the European lending marketplace formerly known as Lendix, announced on Wednesday it has surpassed €100 million in loan repayment. The online lender reported that since its launch more than €250 million has been lent to European companies and nearly 40% of this amount has already been… Read More

February 20, 2019 @ 10:18 am By Samantha Hurst  |  

Peer to peer lender Zopa announced on Wednesday its new research revealed that millions of people across the UK do not know the rate of interest on their Cash ISA, which means billions of pounds are potentially languishing in accounts earning little or no interest… Read More

February 19, 2019 @ 7:45 pm By JD Alois  |  

Leading marketplace lending platform LendingClub (NYSE: LC), released Q4 earnings today along with full year 2018 numbers, and its numbers beat expectations. LendingClub reported record loan originations of $10.9 billion a 21% increase versus the year prior. Net revenue jumped along with originations rising 21%… Read More

February 19, 2019 @ 2:59 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital recently surpassed its £700 million lending milestone. According to AltFi, This news comes less than a year after the online lender surpassed £500 million in lending. Founded in 2012, Assetz Capital describes itself as a provider of alternative funding sources to SMEs… Read More

February 18, 2019 @ 8:46 am By JD Alois  |  

Online small business lender iwoca has raised £150 million in both equity and debt capital, according to a note from the firm. This most recent investment brings iwoca’s total funding to £350 million. The Series D equity funding was led by Augmentum Fintech, a Fintech… Read More

February 14, 2019 @ 9:34 am By JD Alois  |  

Fintech CommonBond has announced that it has arranged $750 million in lending capacity from Goldman Sachs, Citibank, Barclays, BMO, and ING. CommonBond is an online lender with a mission to give students and graduates more affordable, transparent, and simple ways to pay for higher education. To… Read More

February 13, 2019 @ 3:25 pm By Therese Torris  |  

Düsseldorf-based Fintech auxmoney has surpassed its targets in 2018. Loan volume increased by 74 percent compared to 2017. Raffael Johnen, Founder and CEO of auxmoney, commented: “While the major German banks are in crisis mode, the leading German fintechs are always setting new records. With… Read More

February 10, 2019 @ 5:10 pm By Samantha Hurst  |  

Peer to peer lender Beehive announced on Saturday it has formed a partnership with Thanachart Bank to launch a new SME value chain financing program in Asia. Beehive reported this was its first bank collaboration in Asia and the digitalized supply chain will provide improved liquidity… Read More