Tagged: online lending

July 4, 2018 @ 8:39 pm By Samantha Hurst  |  

On Tuesday, SoFi announced the election of Peggy Alford and Magdalena Yeşil to its Board of Directors. According to the online lender, Alford is the Chief Financial Officer and Head of Operations for the Chan Zuckerberg Initiative. Previously she held positions at PayPal as CFO of… Read More

July 3, 2018 @ 2:21 pm By JD Alois  |  

Smart Lenders AM and Credit.fr have recently announced a new partnership that seeks to boost lending to SMEs. According to Credit.fr, Smart Lenders AM will invest in their loans. Simultaneously, the two companies will embark on an “ambitious” research program to apply artificial intelligence (AI)… Read More

July 2, 2018 @ 10:56 am By Samantha Hurst  |  

Peer-to-peer lending platform Zopa announced on Monday its 2017 profit after tax of £1.5 million for its online lending business. According to the Fintech, 2017 was a year of strong and sustainable growth, with the year’s revenue being £46.5 million – an increase of 40%… Read More

June 29, 2018 @ 4:49 pm By Therese Torris  |  

Today June 28, Belgium-based SME lending platform Look&Fin announced that it has partnered with credit insurer Atradius to offer a 100% guarantee on the capital lent to SMEs by its retail investors. The move is dramatically closing the gap between marketplace lending and bank lending…. Read More

June 27, 2018 @ 2:00 pm By Samantha Hurst  |  

On Wednesday, private lending syndication platform CrowdOut Capital announced it has funded more than $112 million in loans in less than two years. The online lender reported that accredited investors choose from its vetted loan offerings on a deal-by-deal basis. Alexander Schoenbaum, CEO of CrowdOut… Read More

June 27, 2018 @ 5:04 am By JD Alois  |  

Portuguese peer-to-peer lender Raize has announced an initial public offering (IPO) where it will float 15% of the company’s shares. An additional 10% of shares will be made available for a period of 6 months once trading starts on the 18th of July – trading… Read More

June 27, 2018 @ 4:49 am By JD Alois  |  

4finance Group S.A., one of the largest online lenders in Europe, has appointed Oyvind Oanes as Group CEO. Oanes will step into the role on August 1, 2018 succeeding current CEO Mark Ruddock, who will return to the Group’s supervisory board. Ruddock said that over the… Read More

June 26, 2018 @ 6:22 am By JD Alois  |  

Two years after an expansion into Italy, Younited Credit is reporting having topped €100 Million in loans. The online lender says that today 40% of its credit activity is outside its base in France. “Many start-ups are embarking on European and global development ambitions, but international… Read More

June 24, 2018 @ 1:00 pm By Zac Prince  |  

I think we can all agree that, nowadays, cryptocurrencies are never far from the news. From huge surges in value to alleged overnight crashes, Bitcoin billionaires to the rapid rise of Ether, every day seems to bring another story. As someone who works in the… Read More

June 23, 2018 @ 1:18 pm By Samantha Hurst  |  

Marketplace lender P2Binvestor (P2Bi) announced on Thursday it secured more than $17 million in funding from over 20 participants to expand its bank partnership program. ACcording to P2Bi, this was its fourth round of funding and, with the combination of debt and equity, brings its total equity… Read More

June 22, 2018 @ 2:00 pm By Samantha Hurst  |  

Peoples Trust Company, a federally chartered financial institution that has provided financial services to Canadians, announced this week it has acquired Vancouver-based online lending platform Lendful. According to the duo, Peoples Group’s key mission is to exceed customers’ expectation by providing access to financial products within select markets…. Read More

June 21, 2018 @ 7:34 am By JD Alois  |  

Marketplace lending platform Linked Finance has secured a commitment from Portugal’s Banco BNI Europa, who will provide up to €50 million over a 2-year period, to lend to Irish SMEs. Niall Dorrian, CEO of Linked Finance, called the decision by Banco BNI Europa to deploy… Read More

June 20, 2018 @ 10:55 am By JD Alois  |  

Bright, company that is developing a “verified business data ecosystem using data provided by the MSMEs,” says it will use the information to provide loans to businesses. Bright said it will provide loans to businesses through BrightBank and allow MSMEs (micro, small and medium sized… Read More

June 20, 2018 @ 8:50 am By Samantha Hurst  |  

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Tuesday it was officially accepted as a member of the Nandu Finance Digital Union on June 11th. The lending platform reported that the Union, which was launched in April 2018 by the Nanfang Metropolis Daily and the Nandu Finance… Read More

June 18, 2018 @ 10:44 am By JD Alois  |  

Ranger Direct Lending Fund is preparing to wind down operations due to struggling returns and a dust up with a large shareholder. In an announcement today, Christopher Waldron, Chairman, and Director Matthew Mulford have both confirmed that they will resign immediately, both citing the fact the… Read More

June 15, 2018 @ 3:39 pm By JD Alois  |  

puddlePuddle, an online lender that provided micro-credit in a peer to peer platform, is shutting down. In an email circulated by the company, Puddle founders stated that after five years of operation the businesses model was “unsustainable.” Founded in 2012, the site was envisioned as… Read More

June 15, 2018 @ 7:53 am By JD Alois  |  

UK based peer-to-peer lender RateSetter is reporting that subscriptions to its IFISA have surpassed £100 million. This milestone took four months to reach and, according to RateSetter, faster than any other P2P lender. To date, RateSetter has originated over £2.5 billion in online loans to… Read More

June 13, 2018 @ 7:49 pm By Samantha Hurst  |  

Funding Circle has announced that a new report produced by Oxford Economics revealed that lending through its platform unlocked 45,000 jobs in the UK in 2017. Globally this number jumps to 75,000 across all four of the Funding Circle markets. Overall, Funding Circle’s platform contributed £2.4… Read More

June 9, 2018 @ 2:38 pm By JD Alois  |  

Online lender Unchained Capital has closed on a $2.995 million seed round, including a $595k SAFE. Investors included, Michael Komaransky, Brian Spaly, Mike W. Erwin and Whurley of Ecliptic Capital, and Ezra Galston of Starting Line. In addition to making investments this round, Komaransky, Erwin and Galston… Read More

June 8, 2018 @ 9:52 am By JD Alois  |  

  Online mortgage lender LendInvest reports it is scrambling to hire new employees due to the demand of its Buy-to-Let (BTL) product. The LendInvest team has now grown to 15 people in the short period since the  BTL product was launched in November 2017. Antonia… Read More