Tagged: online lending

August 5, 2018 @ 9:04 pm By JD Alois  |  

Prospa, a leading online lender to small businesses in Australia, has been named a Best Employer in the AON Hewitt Best Employers program for the second year running. Prospa has scaled from startup to medium-sized high-growth business, while maintaining a culture that “nurtures talent, fosters… Read More

August 2, 2018 @ 4:56 pm By JD Alois  |  

Online lender CommonBond has issued its second AAA rated securitization from Moody’s and DBRS. This is the largest securitization for CommonBond yet at $292 million of total collateral. This was the second securitization for 2018 and the 7th overall bringing the total to $1.5 billion…. Read More

August 1, 2018 @ 10:40 am By JD Alois  |  

UK based Crowd2Fund, a peer-to-peer crowdfunding platforms, has added artificial technology (AI) to its platform to help mitigate loan default risk, according to a note from the company. Earlier this year, Crowd2Fund began working with InDebted, an Australia-based Fintech company to provide advanced collection strategies… Read More

July 31, 2018 @ 11:04 pm By JD Alois  |  

Singapore based online lender Validus is reporting a milestone of having originated over S$ 100 million in loans to SMEs. Validus is claiming to the be Southeast Asia’s fastest growing SME lender. Validus is licensed by the Monetary Authority of Singapore (MAS) and is also… Read More

July 31, 2018 @ 8:00 am By Samantha Hurst  |  

Online lender BlueVine announced on Tuesday it secured $12 million from new investors, M12, Microsoft’s venture fund, and the venture arm of insurance and financial services provider, Nationwide. According to BlueVine, the additional funding announcement comes eight weeks after the lender reported it had raised $60 million… Read More

July 29, 2018 @ 6:30 pm By JD Alois  |  

This past Friday, the UK Financial Conduct Authority (FCA) finally released their review of the crowdfunding industry regulations. While the investment crowdfunding sector (equity crowdfunding) came away mostly unscathed the loan based sector (or peer to peer lending) took a bit of a lashing. The… Read More

July 29, 2018 @ 6:08 pm By JD Alois  |  

Libra Credit, an online lender in the cryptocurrency space, has received an investment from Binance Labs – the tech incubator and VC portion of Binance – one of the largest cryptocurrency exchanges in the world. According to a post on Medium, the agreement enables BNB… Read More

July 28, 2018 @ 8:48 am By JD Alois  |  

Online lender Prosper announced a new milestone yesterday. The marketplace lending platform topped one million loans this past week representing over $13 billion in originations. The news, shared via a blog post, stated; “Since we launched in 2006 as the first peer-to-peer lending company in… Read More

July 26, 2018 @ 10:03 pm By JD Alois  |  

Prospa, a leading online lender for Australian SMEs, has received a nice recognition being named National Fintech Lender of the Year in the 2018 MFAA Excellence Awards. The Mortgage & Finance Association of Australia  or “MFAA” is the national body representing finance brokers, mortgage managers, lenders, aggregator/broking groups… Read More

July 26, 2018 @ 12:03 pm By JD Alois  |  

Singapore based FintruX Network, “a global P2P lending ecosystem,” has added Bob Rinaldi to its Board of Directors. Rinaldi is a long time banker and entrepreneur.  According to FIntruX, Rinaldi has served as the CEO of CI Finance, a national equipment finance company, and as a Director… Read More

July 26, 2018 @ 10:40 am By JD Alois  |  

Peer to peer property lender CrowdProperty is out with a note saying they funded a £925,000 residential property in under ten minutes. To be exact, 9 minutes; 51 seconds. CrowdProperty adds that 60% of projects launching in 2018 each funding under half an hour. CrowdProperty states… Read More

July 26, 2018 @ 9:55 am By Samantha Hurst  |  

Online small business lender Lendio announced this week the release of its 2018 quarter 2 results, which recorded growth across all areas of its business, including 90 percent year-over-year quarterly revenue growth. The lending platform reported it has helped facilitate more than $900 million in financing to… Read More

July 24, 2018 @ 4:08 pm By Samantha Hurst  |  

Crowdstacker, a UK-based peer-to-peer lending platform, is now seeking £800,000 through its equity crowdfunding campaign on Seedrs. Founded in 2014, Crowdstacker describes itself as an award-winning FCA regulated online alternative investment platform that provides ISA eligible P2P loans, bonds, and loan notes. According to the… Read More

July 24, 2018 @ 1:50 pm By JD Alois  |  

BlockFi is taking the more routine world of online lending and sprucing it up with a cryptocurrency to US dollar lending platform. Today, the digital asset lender has announced a solid $52.5 million investment to expand its operation further into the crypto realm. BlockFi is sharing… Read More

July 24, 2018 @ 10:49 am By Samantha Hurst  |  

Proplend, a UK based peer to peer lender in the property space, recently announced that its platform lending has surpassed 40 million. The company also noted that it also retains a maximum rating from specialist P2P lending rating agency, 4thWay. PropLend reported that 4thWay recently revised… Read More

July 19, 2018 @ 9:00 am By JD Alois  |  

P2Binvestor (P2Bi) has formed a new partnership with Amalgamated Bank to allow businesses a new way to access growth capital. Amalgamated Bank is described as a “socially responsible bank” which is based in New York. Amalgamated  recently acquired New Resource Bank – a financial firm that already… Read More

July 19, 2018 @ 8:48 am By JD Alois  |  

Raize, a peer to peer lender, became the first initial public offering out of Portugal this week since 2014. The small cap online lender IPOed at €2.00 yesterday (July 18th) having gained 1400 new shareholders. Trading on the Euronext Access exchange under ticker MLRZE shares increased the… Read More

July 18, 2018 @ 7:04 am By JD Alois  |  

Online lender OnDeck (NYSE:ONDK), has closed on two asset backed credit facilities totaling nearly $100 million. One in the amount of AUD 75 million with Credit Suisse, and another for CAD 50 million with Crédit Agricole, The two facilities will finance loan originations in Australia… Read More

July 16, 2018 @ 10:33 pm By JD Alois  |  

LendingClub (NYSE: LC), the largest US marketplace lender, has appointed Ronnie Momen to become their Chief Lending Officer. According to LendingClub, Momen will oversee company’s credit strategy including the use of credit data, analytics, and products. Momen started with LendingClub today and is reporting directly… Read More

July 16, 2018 @ 2:04 pm By JD Alois  |  

Online lending exchange LendingTree(NASDAQ: TREE) has announced it will acquire Austin, Texas based Student Loan Hero for $60 million in cash to be paid upon closing. The transaction is expected to close in Q3 of 2018. Student Loan Hero offers students financial comparison tools, educational resources, and personalized… Read More