Tagged: online lending

June 5, 2018 @ 10:00 am By Samantha Hurst  |  

Online lender BlueVine announced on Tuesday it raised $60 million through its Series E Funding Round, which was led by Menlo Ventures, and includes new investors, such as SVB Capital. All major existing investors also participated. The funding round comes just a little over a month… Read More

June 4, 2018 @ 12:31 pm By JD Alois  |  

Lendix, a Paris based online lender that claims to be the number one SME lender in all of continental Europe, has received a new €32 million funding round for its European development. Investors in this round include Idinvest Partners, Allianz France and CIR S.p.A. (a… Read More

May 31, 2018 @ 5:07 pm By JD Alois  |  

A report on online lending is promoting the benefits of providing access to capital for small businesses in the US. As we all know, small business is absolutely vital to the health of the economy. If SMEs don’t have access to credit the economy suffers… Read More

May 25, 2018 @ 11:41 am By Samantha Hurst  |  

Autotrader and Kelley Blue Book announced earlier this week it is working with LendingTree to offer more auto lending options. While sharing details about the new collaboration, Jai Macker, Senior Vice President of Product at Cox Automotive, the mother company of Autotrader and Kelley Blue… Read More

May 25, 2018 @ 8:16 am By JD Alois  |  

UK based peer to peer lending platform RateSetter has topped £2.5 billion in loan originations, according to a note from the company. The online lender provides credit to both individuals and UK SMEs. The milestone comes just as RateSetter announced that it had generated £100… Read More

May 24, 2018 @ 9:35 am By Samantha Hurst  |  

Sberbank announced on Thursday it has extended more than ₽535 billion in loans to SMEs since the start of 2018. The bank reported that over the first four months of 2018, lending to SMEs increased by 74.4% vs. the same period in 2017. “Sberbank has… Read More

May 17, 2018 @ 11:00 am By Samantha Hurst  |  

Earlier this week, France-based online lending platform Lendix announced it has appointed Luuc Mannaerts as the new CEO of Lender Nederland, Lendix’s Dutch subsidiary. According to the online lender, Mannaerts has more than 20 years of experience in the Dutch and European banking sector. Prior to… Read More

May 16, 2018 @ 10:49 am By JD Alois  |  

Marcus, a fast emerging digital only challenger bank, is poised to enter the UK market and then cross the channel to set up operations in Germany. This is according to multiple reports as the erstwhile online lender leverages its successful US tech in other markets…. Read More

May 16, 2018 @ 9:45 am By Samantha Hurst  |  

Prosper, a peer-to-peer lending platform connecting borrowers and investors, reported earlier this week its financial results for the first quarter of 2018. The online lender revealed that loan originations increased 27% year-over-year to $744 million, driven by strong demand for the company’s personal loan product… Read More

May 15, 2018 @ 7:08 am By JD Alois  |  

UK Peer-to-peer lending platform RateSetter has topped the milestone of returning £100 million in pre-tax interest payments to its investors. RateSetter reports accomplishing this without any individual investor losing a penny. Launched in October 2010, RateSetter now claims over 500,000 customers. From the investing side, more than… Read More

May 14, 2018 @ 5:38 am By JD Alois  |  

Latvian Fintech Mintos is reporting a profit in its brief three year old history. According to the company, the global online marketplace for loans has seen their revenue increase more than four-fold in 2017 to € 2.1 million generating a net profit for the year of €… Read More

May 11, 2018 @ 7:43 am By JD Alois  |  

Mintos, a European marketplace for  peer to peer loans, is a leader in Continental Europe with an estimated 39% market share. Today, Mintos has announced a significant next step by listing their first UK originator – thus expanding into the most robust P2P market in… Read More

May 8, 2018 @ 4:44 pm By JD Alois  |  

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has just released their Q1 earnings report while providing guidance for the full year. According to LendingClub, revenue increased 22% to $151.7 for the quarter with originations growing 18%. Total lending has now topped… Read More

May 8, 2018 @ 10:33 am By JD Alois  |  

Orchard co-founder Matt Burton has emailed industry members stating the previously announced acquisition of his company by SME lender Kabbage has formally closed. The purchase had been rumored for weeks with an official announcement hitting the press at the end of April. Burton stated; “In… Read More

May 7, 2018 @ 11:05 am By JD Alois  |  

The State of New York is may create a new regulatory hurdle, and associated cost, for online lenders. A bill (Senate Bill S8340) sitting in the New York State Senate now, will create a limited state charter for internet lending. Sponsored by New York State… Read More

May 5, 2018 @ 2:56 pm By JD Alois  |  

Recently, CI had the chance to speak to part of the team from Elevate (NYSE: ELVT) – an online lender that is servicing the non-prime market. As most people are aware, a prime borrower has a lot of options in the marketplace from both from traditional financial… Read More

May 3, 2018 @ 8:53 am By Samantha Hurst  |  

Earlier this week, Lendio announced its third annual Top 10 States For Small Business Lending list. According to Lendio, the list’s results were based on lending data from its online lending platform, which matches businesses to nearly 80 lenders. Lendio reported that the key findings… Read More

May 1, 2018 @ 2:05 pm By Samantha Hurst  |  

On Tuesday, CommonBond, an online lending platform servicing the student loan market, released the results of one of the most comprehensive employee financial wellness benefits studies to date. According to the lender, the research revealed the extent to which student debt affects employees’ financial wellness, as well… Read More

May 1, 2018 @ 8:00 am By JD Alois  |  

Online lender BlueVine has secured a $200 million asset-backed revolving credit facility with Credit Suisse. Additionally, the SME focused platform said it has upped its business line of credit to $250,000. Earlier in 2018, BlueVine doubled its invoice factoring credit limit to $5 million. BlueVine’s total… Read More

April 28, 2018 @ 10:45 am By Xu Gao  |  

Financial Inclusion Platform FINUP Plans Public Listing in Hong Kong On April 23, China’s leading financial inclusion platform FINUP filed a listing application for the Hong Kong Exchanges and Clearing Limited (HKEX). According to statistics, FINUP will be the fifth Fintech company from mainland China… Read More