Tagged: online lending

October 7, 2024 @ 6:26 pm By JD Alois  |  

Funding Circle US, previously part of Funding Circle UK, was acquired by iBusiness Funding LLC, part of Ready Capital (NYSE:RC), earlier this year. When the sale was announced, Funding Circle CEO Lisa Jacobs said,: “We are pleased to have reached an agreement with iBusiness Funding, one… Read More

October 7, 2024 @ 9:38 am By JD Alois  |  

Plaid,  a prominent open banking enabler, is now working with neobank MoneyLion to streamline the loan-making process. In a blog post, Alain Meier, Head of Identity at Plaid, said that for decades, lenders have relied on credit reports, but the lack of real-time information failed to… Read More

October 1, 2024 @ 11:51 am By JD Alois  |  

Plata Finance, the Fintech that acquired Zopa’s loan portfolio, has published its full year annual report including financial statements. Plata is an online lender that originates loans while enabling institutional investors and UK-based individual “pre-screened” investors to participate in securities offerings. Plata reports that servicing… Read More

September 5, 2024 @ 8:23 am By Omar Faridi  |  

Funding Circle UK (LSE: FCH) has released their Half Year 2024 results. Funding Circle says that they delivered “a solid financial performance, stronger than expectations, and made good progress to simplify the business and deliver profitability as set out in their Full Year Results in… Read More

September 3, 2024 @ 9:10 am By Omar Faridi  |  

Robo.cash has shared its latest August highlights. The investment platform is reporting fairly steady summer activity. The Robocash team noted in a blog post that they’re highlighting key developments of August and bid farewell to summer. It may not have been filled with standout events… Read More

September 3, 2024 @ 8:57 am By Omar Faridi  |  

In August, the total interest paid to PeerBerry investors exceeded €35 million (totaling €35 255 302). Last month, PeerBerry investors have reportedly “received €908,061 in interest.” PeerBerry investors funded €46 million in loans last month, which “is 5% fewer than in July, as the loan… Read More

August 29, 2024 @ 12:02 pm By JD Alois  |  

Fintech Lemon says it will work with WiserFunding to improve its SaaS related lending decisions for SMEs. Lemon recently closed a pre-seed funding round of £500,000 to fuel its growth. The funding was led by SFC Capital, alongside Pitchdrive and SyndicateRoom. Angel investors participating included… Read More

August 29, 2024 @ 11:55 am By JD Alois  |  

Describing 2023 as a “transformative year for Mintos,” the online investment platform says it is expanding its products for its customers. According to a note from the firm, the multi-asset investment platform, is now offering fractional bonds and ETFs alongside its first business of enabling… Read More

August 29, 2024 @ 8:27 am By JD Alois  |  

Liberis and Sezzle are collaborating on enabling access to financing for smaller firms. Liberis is a an embedded finance that aims to provide “hyper-personalized” access to capital. Sezzle is a BNPL or Buy Now Pay Later provider. Sezzle will now promote he LIberis service to its… Read More

August 28, 2024 @ 3:22 am By Michael Wong  |  

The Reserve Bank of India (RBI) has announced tightened regulations for peer-to-peer (P2P) non-bank lending platforms, effective immediately, in response to some entities’ violations of the 2017 guidelines. The move aims to enhance transparency and ensure stricter compliance with regulatory standards, addressing concerns that certain… Read More

August 26, 2024 @ 10:05 am By Omar Faridi  |  

PeerBerry’s business partner, real estate developer Lithome, has recently revealed that it repaid investors €1.5 million loan (real estate project “City stories II”) and paid their investors €145 684 in interest. In another update, it was noted that PeerBerry’s business partner, real estate developer SIB… Read More

August 25, 2024 @ 7:39 pm By Omar Faridi  |  

Estateguru has shared the Loan portfolio overview for the month of July 2024. As of July 2024, Estateguru‘s loan portfolio has “demonstrated consistent performance, with approximately €8 million in repayments each month.” The 12-month portfolio remains robust, “delivering steady interest payments to our investors.” Of… Read More

August 21, 2024 @ 12:53 pm By JD Alois  |  

Regulation Crowdfunding (Reg CF) was initially pigeonholed as a new exempt offering for smaller private firms to raise equity capital, so much so that many people described securities crowdfunding as “equity crowdfunding,” a term that is not really accurate. Today, private firms pursue online capital… Read More

August 20, 2024 @ 2:49 pm By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of technology and data, today announced several new enhancements to the Encompass digital mortgage lending platform. As part of its mission of making the path to homeownership – and the experience from then on – as fast,… Read More

August 4, 2024 @ 10:29 pm By Omar Faridi  |  

PeerBerry investors funded €48.5 million in loans last month (about 1.6% more than in June) as the loan supply on the platform was slightly higher in July compared to June. In July, PeerBerry investors reportedly received €963,700 in interest. PeerBerry’s outstanding portfolio “grew to €114.36… Read More

August 4, 2024 @ 2:34 pm By Michael Wong  |  

The Ministry of Corporate Affairs (MCA) in India is set to strike off as many as 400 Chinese companies involved in online loans and online job businesses across 17 states over the next three months, according to a report by Moneycontrol, citing an anonymous government… Read More

August 3, 2024 @ 5:12 pm By Omar Faridi  |  

UnaFinancial, which is investment platform Robocash’s parent company, is reporting that it has earned $4.7 million in H1 2024. UnaFinancial has issued management accounts “for the first six months of 2024.” The Group focused on expanding its most profitable businesses and “improving operational efficiency across… Read More

July 30, 2024 @ 5:20 pm By JD Alois  |  

Digital bank LendingClub (NYSE: LC) has released Q2 earnings which are being described as an “inflection point” for the Fintech. Net income increased to $14.9 million from $12.3 million in Q1 2024. LendingClub CEO Scott Sanborn, LendingClub CEO said their product innovations enabled them to… Read More

July 24, 2024 @ 9:30 am By JD Alois  |  

Peer-to-peer lender FOLK2FOLK has topped £700 million in lending, according to a note from the firm. The company claims to be the largest P2P lender to small businesses in the UK. Launched in 2013, FOLK2FOLK is one of the few remaining P2P lenders. The unique model combines… Read More

July 24, 2024 @ 9:22 am By Omar Faridi  |  

LendInvest Mortgages, the UK’s platform for mortgages, announces the launch of a streamlined range of residential mortgage products, delivering simpler and faster options for homeowners. This enhancement follows the “introduction of improved criteria in June and includes significant rate reductions, making LendInvest’s mortgage offerings more… Read More