Tagged: online lending

October 12, 2018 @ 9:53 am By Samantha Hurst  |  

Online lending exchange LendingTree(NASDAQ: TREE) announced last week it is now set to acquire insurance comparison marketplace, QuoteWizard. According to LendingTree, 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 health…. Read More

October 11, 2018 @ 10:51 am By Samantha Hurst  |  

Online lender ThinCats announced on Thursday it has appointed Kevin Steven as its new Director of Regional Business Development for South Yorkshire. According to ThinCats, Steven has more than 15 years’ experience in banking and corporate finance providing advice and access to innovative funding solutions to SMEs and… Read More

October 9, 2018 @ 2:10 pm By Samantha Hurst  |  

Roostify, a U.S.-based digital lending platform provider, announced on Tuesday its platform now offers a bidirectional integration with Ellie Mae’s Encompass digital mortgage lending platform. According to Roostify, the integration allows lenders to easily pass information between the two systems, driving quality and efficiency in the loan origination… Read More

October 9, 2018 @ 8:38 am By JD Alois  |  

Fellow Finance, a peer to peer lending platform, has announced that their initial public offering (IPO) will trade on the Nasdaq First North Finland marketplace. The offering was said to be 2.2 times over-subscribed. Fellow Finance will issue a total of 1,300,000 new shares in addition to… Read More

October 5, 2018 @ 7:59 am By JD Alois  |  

Bondora, a peer to peer lending platform based in Estonia, has reported a record number of loan originations for September. According to a short note from the P2P lender, Bondora saw originations rise to € 5,527,855 in September – a 4.7% increase versus the prior… Read More

October 4, 2018 @ 3:00 pm By Samantha Hurst  |  

Peer to peer property lender CrowdProperty announced on  Thursday it has funded its 50th project. The latest milestone comes just a little over a month after CrowdProperty surpassed £20 million in funding for property projects. The 50th project raised £867,000 for a 24-bedroom House of Multiple Occupation… Read More

October 2, 2018 @ 7:29 am By Samantha Hurst  |  

UK-based online lender LendInvest announced on Tuesday it has reduced its rates across its Bridging product range and introduced a new Bridge to Term transition service. LendInvest reported it has cut rates on its Residential and Commercial Bridging, Development Exit and Auction Finance products. The lender… Read More

October 1, 2018 @ 9:09 am By JD Alois  |  

First Circle, a Philippine Fintech, is expected to announce a new credit facility for SMEs nationwide. This new facility has gained the support of the Philippine Department of Trade and Industry (DTI) and the Bangko Sentral ng Pilipinas (BSP). First Circle is an online lender… Read More

September 29, 2018 @ 12:43 pm By JD Alois  |  

Samoyed Holding Limited, a China based Fintech, has filed to trade shares on the New York Stock Exchange. Samoyed is one of a growing number of Chinese Fintechs seeking a listing on a US exchange. The Form F-1 has been filed with the Securities and… Read More

September 28, 2018 @ 2:07 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged LendingClub Asset Management LLC, and former President Renaud Laplanche with fraud for improperly using fund money to benefit LendingClub.  LendingClub Asset Management, Laplanche, and former CFO Carrie Dolan, also were charged with improperly adjusting fund returns. The… Read More

September 28, 2018 @ 10:28 am By JD Alois  |  

Funding Circle has set the share offer price at the low end of the range, according to a note published by the company. Previously, Funding Circle had announced it would offer up to 136,039,416 shares at a price between 420 pence to 530 pence per share…. Read More

September 27, 2018 @ 8:32 am By JD Alois  |  

UK Peer to Peer Lending Hurdles £1 Billion During 2nd Quarter The UK Peer to Peer Finance Association (P2PFA) has published their second quarter 2018 numbers from member platforms.  According to their data, the peer-to-peer lending industry contributed more than £1 billion to the UK… Read More

September 24, 2018 @ 1:28 pm By JD Alois  |  

Online lender ThinCats has announced a new £300 million program with global asset manager Insight Investment to fund UK SMEs. The announcement was shared on a ThinCats blogpost that indicated they now have the potential to loan up to £600 million. ThinCats is a UK based peer to… Read More

September 19, 2018 @ 11:00 pm By JD Alois  |  

Earlier today, China based X Financial (NYSE:FXE) traded on the New York Stock Exchange (NYSE) in its initial public offering raising approximately $104.5 million as 11 million shares were floated at $9.50/share. The shares quickly jumped higher in early trading and eventually closed about 25%… Read More

September 18, 2018 @ 9:36 am By Samantha Hurst  |  

Just days before its latest Seedrs funding round is set to close, Crowdstacker, a UK-based peer-to-peer lending platform, has successfully secured its initial 800,000 funding target from nearly 350 investors. As previously reported, Crowdstacker was founded in 2014 and describes itself as an award-winning FCA regulated online… Read More

September 18, 2018 @ 8:06 am By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne announced on Tuesday it has reached $500 million in loan originations across its personal loan, agri lending, and marketplace business, and is now setting its sights on reaching $1 billion by the end of 2019. The news comes less than a month after… Read More

September 17, 2018 @ 9:21 am By JD Alois  |  

Sweetbridge Alliance Network has added InstaSupply, a financing supply chain provicer for mid-sized businesses using blockchain, to its Network and named it an official reseller of Sweetbridge protocol technologies. Sweetbridge says that through this collaboration their liquidity protocol will provide low-cost access to capital for… Read More

September 17, 2018 @ 9:00 am By Samantha Hurst  |  

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced on the launch of its new peer-to-peer (P2P) lending platform, KFUND. According to Kinerjapay, PT. Kinerja Simpan Pinjam has been officially registered and will manage KFUND brand as an online lender that focuses on micro-lending activities. Kinerjapay… Read More

September 12, 2018 @ 9:22 am By JD Alois  |  

Online lender iwoca says it is UK’s fastest growing SME finance provider. The claim comes following the publication of the Sunday Times Hiscox Tech Track 100 which ranked iwoca 30th on the list. The Sunday Times Hiscox Tech Track 100, published last Sunday, 9th September 2018…. Read More

September 12, 2018 @ 8:39 am By Samantha Hurst  |  

Online lending platform OnDeck (NYSE: ONDK) announced on Wednesday it has surpassed $10 billion in total loan originated to small businesses. According to OnDeck, the latest milestone is the latest indication that small businesses increasingly prefer to seek financing online. OnDeck reported that it provided its first… Read More