Tagged: online lending

October 18, 2018 @ 9:54 am By Samantha Hurst  |  

U.S. fintech startup SuperMoney announced on Thursday it has processed more than $1 billion in loan requests since launching in April of 2017. SuperMoney reported that in the past six months it has doubled the financing request volume generated in the previous year. Founded in 2013,… Read More

October 16, 2018 @ 6:08 pm By JD Alois  |  

Funding Circle (LSE:FCH), the now publicly traded peer to peer lending company based in the UK, has long operated a US subsidiary providing access to credit for SMEs. While the UK iteration is more about P2P in the US, due to antiquated securities regulations, it… Read More

October 15, 2018 @ 4:11 pm By Samantha Hurst  |  

Online small business lender Lendio announced on Monday it has facilitated $1 billion in financing to more than 51,000 small businesses across the U.S. since its inception in 2011. The lending platform reported that its small business clients have burgeoned, generating an estimated $3.8 billion in… Read More

October 15, 2018 @ 3:18 pm By Samantha Hurst  |  

Biz2Credit recently announced the results of its latest small business lending index, which revealed small business loan approval rates for big banks reached another high point in September 2018. According to the index, September 2018’s approval percentage for big banks (assets of $10 billion+) rose two-tenths of… Read More

October 15, 2018 @ 1:27 pm By Samantha Hurst  |  

UK-based online lender LendInvest announced last week it has reduced rates and product fees across its Buy-to-Let product range. According to LendInvest, the pay rate for its five year fixed rate product has dropped to 3.60%, with the ICR calculation at a pay rate of 3.60%…. Read More

October 15, 2018 @ 7:50 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has sent a “Dear CEO letter” to lenders of high-cost, short term credit, aka payday loans, admonishing these platforms for an increase in “complaints about affordable lending.” The complaints also reference problematic “chain of loans,” or stacking, that may… Read More

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