Tagged: online lending

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

September 11, 2018 @ 9:53 pm By JD Alois  |  

Prospa says it has been named 6th on the 2018 LinkedIn Top Startups List. The list marks the 25 best startups to work for in Australia. Prospa adds that it is the top Fintech on the list as well. Prospa is an online lender catering… Read More

September 9, 2018 @ 5:34 pm By JD Alois  |  

Finitive, a Fintech that connects institutional investors with alternative lending investments, has closed a $50 million senior secured warehouse credit facility for Bungalow. Finitive called the transaction a “first of its kind in the co-living sector.” Bungalow is a real estate platform matching homes and… Read More

September 7, 2018 @ 8:49 am By JD Alois  |  

Prospa, a leading online lender to SMEs in Australia, has shared that it has satisfied the a review by the Australian Securities and Investments Commission (ASIC) in relation to Prospa’s small-business contract terms. This past June, Prospa received a letter from ASIC requesting information as… Read More

September 7, 2018 @ 8:06 am By JD Alois  |  

COMPEON, a full-service commercial financing provider that connects businesses to both traditional banks and Fintechs, has created a new “digital link” with online lender iwoca to provide access to speedier loans. COMPEON, based in Düsseldorf, says this steps up the existing partnership between the finance portal… Read More

September 6, 2018 @ 7:00 pm By Alexander Dunaev  |  

Wonga enjoyed a meteoric rise to fame. The company achieved £300 million of revenue in 2012, just six years after it was founded. Managing growth of this nature is enormously challenging and one doesn’t need to look far to spot similar issues at other warp… Read More

September 6, 2018 @ 9:00 am By Samantha Hurst  |  

UK-based peer-to-peer lending platform Welendus announced on Thursday the launch of an industry-first; it’s HMRC-approved Innovative Finance ISA (IFISA), which is set to allow investors to invest their annual ISA allowance in a flexible high return investment product, with no income tax on the interest… Read More

September 5, 2018 @ 3:54 pm By Samantha Hurst  |  

CAN Capital, an online lender in the SME lending space, announced on Wednesday it has agreed to a financing transaction of up to $287 million to enhance its capital capacity with Varadero Capital, L.P., a New York-based alternative asset manager. This news comes just a couple… Read More

September 5, 2018 @ 3:03 pm By Samantha Hurst  |  

Peer to peer property lender CrowdProperty announced on Wednesday it not only funded the 47th project, it also surpassed £20 million in funding for the property projects on its platform. The online lender revealed has a 100% track record in repaying lenders’ capital and interest. Across 23 projects,… Read More

September 2, 2018 @ 8:43 pm By Samantha Hurst  |  

Just a couple weeks after launching its latest equity crowdfunding campaign on Seedrs, short-term peer-to-peer lending platform Welendus has now secured nearly 1 million from more than 400 investors.  As previously reported, Welendus was founded in 2015 with a mission to redefine the short-term lending market by launching… Read More

September 1, 2018 @ 8:07 am By JD Alois  |  

Paris based Younited Credit, a leading retail online lending platform in Continental Europe, has announced that it has exceeded € 200 million in outstanding loans from its Younited France fund, which provides credit to French residents. At the end of August 2018, Younited Credit had financed… Read More

August 30, 2018 @ 1:54 pm By JD Alois  |  

UK online lender Wonga has entered into the process of administration. According to a note provided by the Financial Conduct Authority, Wonga and its affiliates have decided to pursue bankruptcy proceedings and have enlisted the assistance of Grant Thornton whois  in the process of being appointed… Read More

August 30, 2018 @ 6:48 am By JD Alois  |  

Mintos, an online marketplace for loans, has topped € 1 billion in total loans funded after three and a half years of operation. During 2018, Mintos says platform velocity has increased with €500 million invested so far. The platform expects the trajectory to continue with Mintos surpassing €2… Read More

August 29, 2018 @ 5:59 pm By JD Alois  |  

LendingClub (NYSE:LC) has announced the resignation of Chief Operations Officer Sameer Gulati in an 8-K filing with the SEC today. Gulati was said to have resigned yesterday (August 27) but the departure will become effective on December 31, 2018. The company said that Gulati will “focus on… Read More

August 29, 2018 @ 4:29 pm By Samantha Hurst  |  

Private lending syndication platform CrowdOut Capital announced on Wednesday the completion of a multi-million dollar term loan to Shale Support, a provider of frac sand and logistical solutions to the oil and gas proppant market. According to CrowdOut, the loan will support the acquisition of two… Read More