Tagged: online lending

January 31, 2019 @ 1:21 am By Therese Torris  |  

At the Paris Fintech Forum, Charles Egly, Co-founder & CEO, Younited Credit highlighted his company’s latest achievements and the recent strategic development of its Credit-as-a-service offering. Among the achievements, Younited Credit announced that it passed the €1 billion mark in consumer credit origination. Among direct… Read More

January 30, 2019 @ 2:37 pm By Samantha Hurst  |  

Online student lending platform, Climb Credit, announced on Wednesday it secured $50 million in lending capital from the Goldman Sachs Urban Investment Group. Since launching in 2014, Climb reported it has originated nearly $100 million worth of loans, funded the education of nearly 10,000 students and partnered with over 100… Read More

January 30, 2019 @ 9:44 am By Samantha Hurst  |  

dv01, a platform that connects online lenders and investors with data management, announced on Wednesday it secured $15 million through its Series B funding round, which was led by Pivot Investment Partners with participation from Regions Financial Corp., as well as existing investors, including Quantum Strategic… Read More

January 30, 2019 @ 1:00 am By Therese Torris  |  

The Paris Fintech Forum gathers more than 2,500 participants this week in Paris at the old stock exchange to meet hundreds of Fintechs and listen to more than 200 CEOs, heads of government and regulation agencies, as well as luminaries such as Ms Christine Lagarde,… Read More

January 29, 2019 @ 8:31 am By Samantha Hurst  |  

Peer to peer lender Lending Works announced on Tuesday it has surpassed £150 million in successful loans to households and firms. The online lending platform reported it has so far helped more than 25,000 people to get a better value personal loan since its launch in January… Read More

January 28, 2019 @ 9:46 pm By JD Alois  |  

Australian online lender Prospa has published a note reporting its services have boosted the Aussie economy by $3.65 billion in GDP. This amount apparently helps to maintain over 52,000 full-time jobs. The Fintech partnered with the RFi Group and the Centre for International Economics (CIE),… Read More

January 24, 2019 @ 7:55 am By JD Alois  |  

Peer to peer lender Albrate is raising growth capital on Crowdcube. The asset backed online lender recently opened up the offer privately raising just shy of £100,000 from 58 individual investors. Albrate has a crowdfunding target of £350,000. Ablrate is a peer to peer lender… Read More

January 22, 2019 @ 2:06 pm By JD Alois  |  

Following a Memorandum of Understanding (MOU) which was signed last year, Inditrade Capital and Robocash Group have launched a new short-term consumer lending service in India. Robocash Group says the start of microlending operations by its subsidiary JRG FinCorp. Ltd in India is operating the service… Read More

January 22, 2019 @ 7:59 am By JD Alois  |  

Online lender creditshelf has shared the results of their “Financing Monitor 2019.” According to their research, Germany-based SMEs are feeling the consequences of international trade conflicts and questions. “Every second company reports that access to credit has deteriorated compared to the previous year.” creditshelf states… Read More

January 18, 2019 @ 5:19 pm By JD Alois  |  

According to a report from Mathieu George of Crowdlending.fr, the SME peer to peer lending market in France delivered decent growth during 2018. Overall, the market grew by 18% led by October – €59.6m (formerly known as Lendix) followed by Credit.fr – € 20.1m  and then… Read More

January 17, 2019 @ 9:12 pm By Samantha Hurst  |  

Capify, a UK-based alternative small business financing provider, announced on Thursday it received a £75 million credit facility from Goldman Sachs Private Capital to support its future growth plans and provide working capital to thousands of Australian and British small businesses. Launched in 2008, Capify describes itself… Read More

January 17, 2019 @ 7:30 am By Samantha Hurst  |  

KeyBank National Association announced on Wednesday KeyBank and Laurel Road Bank have entered into a definitive agreement for the acquisition by Key of Laurel Road’s digital lending business. KeyBank reported that through the acquisition it will enhance its digital capabilities with customer-centric technology. According to… Read More

January 16, 2019 @ 12:26 pm By Samantha Hurst  |  

creditshelf AG, a digital SME financing lender in Germany, announced on Tuesday it has appointed Dr. Gregor Heinrich as Chief Technology Officer. According to creditshelf, Dr. Gregor Heinrich has more than 10 years’ experience as a CTO, with most recently at Stonebranch, a mid-size provider of… Read More

January 15, 2019 @ 2:41 pm By Samantha Hurst  |  

UK based peer-to-peer lender RateSetter announced on Tuesday it has surpassed £3 billion in online lending. RateSetter reported that the milestone follows a successful year, with the lender originating more than £700 million of new lending and active loans under management grew to £820 million…. Read More

January 10, 2019 @ 11:17 am By JD Alois  |  

Peer to peer lender Bondora is reporting a new record month of loan originations to end the year. According to an email from the online lender, December loan originations topped €8 million for the first time landing at €8.5 million. This a 7% increase over their prior… Read More

January 10, 2019 @ 7:49 am By Samantha Hurst  |  

Online lending exchange LendingTree(NASDAQ: TREE) announced on Wednesday it has acquired certain assets of Dubond Infotech Services, LLP through a subsidiary after exercising its previously disclosed purchase option acquired in connection with its MagnifyMoney acquisition in June 2017. According to LendingTree, the Dubond transaction was completed on December 31,… Read More

January 9, 2019 @ 8:58 am By JD Alois  |  

CAN Capital, an online lender providing financing to SMEs, has a new Chief Executive Officer. Announced in a release yesterday, the Atlanta based Fintech has appointed Edward J. Siciliano as CEO. According to CAN Capital, Siciliano most recently worked at Marlin Business Finance serving in various roles including; Chief Operating Officer, Interim Chief… Read More

January 7, 2019 @ 4:07 pm By Samantha Hurst  |  

LendingFront, a U.S.-based small business lending software provider, has raised $4 million through its Series A funding round, which was led by Information Venture Partners with participation from Newark Venture Partners, Revel Partners, Contour Venture Partners as well as existing investors Struck Capital, ValueStream Ventures… Read More

January 7, 2019 @ 1:52 pm By Samantha Hurst  |  

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced on Monday it has received a signed commitment from PT. Investa Wahana Group, Indonesia to invest $200 million, subscribing for $100 million in shares of the company’s Series F and an addition $100 million in shares of its Series G Convertible Preferred… Read More

January 6, 2019 @ 9:13 pm By JD Alois  |  

Prospa, an online lender providing financing to SMEs, says that as of January 1st they will be operating in compliance with the Code of Lending Practice. The Code was created by a group of online lenders seeking to establish best practices for the sector of… Read More