Tagged: online lending

November 14, 2018 @ 5:12 am By JD Alois  |  

Peer to peer lender Lending Works has selected three new members for their Board of Directors. The online lender has appointed; Simon Waugh, former Chairman of CMC Markets, Deputy CEO of British Gas, Paul Noble, CEO of Honeycomb Finance, a Pollen Street Capital business, and… Read More

November 13, 2018 @ 9:24 am By JD Alois  |  

Online lender iwoca has selected Seema Desai as their new Chief Operations Officer (COO). iwoca provides loans of up to £200,000 to small and micro businesses across the UK, Germany, and Poland via its website and through partner integrations using its proprietary Lending API. Desai joined iwoca… Read More

November 12, 2018 @ 8:55 am By JD Alois  |  

Automated peer to peer platform Robo.cash has issued a note saying Russian microfinance company MFC Zaymer is joining their platform. The company operates Zaymer.ru that offers short-term (payday) loans with interest rates for investors of 14% in Euros and up to 18% for loans originated in Rubles…. Read More

November 9, 2018 @ 11:55 am By JD Alois  |  

According to an industry insider, Brian Biglin has departed Elevate Credit (NYSE: ELVT). Biglin had been Chief Credit Officer at the online lender. According to a release from earlier this year, Biglin has previously held executive positions at PayPal, loanDepot and intuit. Biglin was with… Read More

November 8, 2018 @ 7:06 am By Samantha Hurst  |  

LandlordInvest, a peer-to-peer lending platform for residential and commercial mortgages, is now seeking a minimum of £300,000 through its equity crowdfunding campaign on Crowdcube. Founded in 2014, LandlordInvest is a fully FCA authorized secured peer-to-peer lending platform and is an ISA manager. The online lender provides a marketplace… Read More

November 7, 2018 @ 7:01 pm By JD Alois  |  

Zopa, the UK’s largest consumer peer to peer lending platform, has closed on a £60 million funding round – its largest capital raise to date. This most recent funding round was partially announced back in August when Zopa reported it had raised £44 million. The new capital… Read More

November 6, 2018 @ 4:54 pm By JD Alois  |  

Marketplace lending platform LendingClub (NYSE: LC) has reported financial results for the third quarter ended September 30, 2018. According to the company, net revenue rose 20% year over year to a “record” $184.6 million. Loan originations came in higher too at $2.9 billion, up 18% year… Read More

November 5, 2018 @ 9:55 pm By JD Alois  |  

Singapore based peer to peer lender MoolahSense has added a cloud and blockchain based Artificial Intelligence (AI) that is said to provide real-time anticipation of loan delinquency, fraud, and default. “MoolahSense Active Intelligence” (MAI) is designed to monitor loans and borrower business activities in real-time… Read More

November 3, 2018 @ 5:29 pm By JD Alois  |  

Blockchain company Unchained Capital has announced a “multi-institution, multi-signature collaborative cold storage solution for the cryptocurrency lending industry.” Unchained Capital provides cash loans to long-term cryptocurrency holders. The company says it can fund loans up to $1 million in one business day and loans over… Read More

November 2, 2018 @ 9:24 pm By Samantha Hurst  |  

Online lending exchange LendingTree(NASDAQ: TREE) announced earlier this week it has completed the acquisition of insurance comparison marketplace, QuoteWizard. As previously reported, QuoteWizard has helped nearly 40 million consumers find their ideal insurance policy with top-tier insurance carriers across key insurance markets, which are auto, home, and… Read More

October 31, 2018 @ 10:45 am By Samantha Hurst  |  

Less than two weeks after launching its latest equity crowdfunding campaign on Crowdcube, UK online lending platform WiseAlpha has now surpassed £2 million from more than 980 investors. The funding round quickly secured its initial £1 million.  As previously reported, WiseAlpha’s online lending platform aims to give retail investors… Read More

October 31, 2018 @ 9:00 am By JD Alois  |  

Online lender Upgrade, Inc., has closed on its inaugural securitization of personal loans. According to the Fintech, Upgrade Receivables Trust 2018-1 (UPGR 2018-1) issued approximately $282 million in notes to nearly 20 banks and asset managers. Credit Suisse and Jefferies acted as joint lead underwriters, and… Read More

October 31, 2018 @ 7:30 am By Therese Torris  |  

The news was leaked last week. Now it’s official. From its Paris headquarters, Olivier Goy, founder and CEO, announced that the European lending marketplace formerly known as Lendix is changing its name into October. With this name change the company reasserts its ambition to expand… Read More

October 30, 2018 @ 3:29 pm By Samantha Hurst  |  

Biz2Credit announced on Tuesday it has formed a new partnership with U.S. banking group Popular Bank to expand on the bank’s digital presence and help streamline its small business loan application process. The duo reported that through this new partnership Popular Bank will leverage Biz2Credit’s analytics… Read More

October 26, 2018 @ 10:51 am By JD Alois  |  

There is drama today at leading Chinese peer to peer lending platform Dianrong. Dainrong was founded in 2012 by Soul Htite, a prominent Fintech executive who was the former CTO of Lending Club. In fact, the online lender has been described as the “LendingClub of China…. Read More

October 25, 2018 @ 9:45 am By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Wednesday it was named to the 2018 CB Insights Fintech 250 List of Fast-Growing Fintech Startups. This news comes after the online lender reported it has facilitated more than $1 billion in financing to more than 51,000 small businesses… Read More

October 25, 2018 @ 8:05 am By Samantha Hurst  |  

U.S. banking and financial service HSBC announced on Wednesday it has partnered with Avant’s end-to-end technology platform Amount to launch a new digital lending platform, which will U.S. consumers, including existing HSBC customers, with a simple way to apply for personal loans online. HSBC reported is… Read More

October 22, 2018 @ 11:28 am By Samantha Hurst  |  

NEO Finance, a Lithuania-based peer-to-peer lending platform, is now seeking €200,000 through UK’s equity crowdfunding platform, Seedrs. Founded in 2015, NEO Finance claims to be the largest P2P lending platform in Lithuania and is operating under the name, Paskolų klubas. The lender noted it offers investors… Read More

October 22, 2018 @ 7:56 am By Samantha Hurst  |  

U.S.-based banking firm PNC Bank announced on Monday it has partnered with online lender OnDeck to create a new digital business lending platform, which is set to launch in 2019. According to the banking group, the lending portal will offer fully digital business lines of… Read More

October 18, 2018 @ 11:21 am By Samantha Hurst  |  

Just a little over a year after securing more than £1.2 million through its second equity crowdfunding campaign on Crowdcube, UK online lending platform WiseAlpha has returned to the funding portal and quickly surpassed its initial £1 million funding target. The round is now nearing… Read More