Tagged: online lending

April 9, 2018 @ 2:31 pm By Samantha Hurst  |  

Lendr, a provider of flexible working capital to small- and medium-sized businesses, specializing in business finance and factoring solutions, announced on Monday it has launched a new business debit card product to service its growing client base.   Lendr reported that the ability to fund business owners in… Read More

April 9, 2018 @ 1:46 pm By Samantha Hurst  |  

On Monday, new CEO of SoFi, Anthony Noto, announced on Twitter that the online lender has surpassed 500,000 in members. This news comes less than a month after Noto assumed his new role at the online lender’s team. Noto confirmed the exciting membership growth news by… Read More

April 9, 2018 @ 10:10 am By Samantha Hurst  |  

Online lending platform Nelnet (NYSE: NNI) announced on Monday it is bringing a new servicing option to fintech lending platforms. According to Nelnet, that Nelnet Loan Servicing will leverage the experience, scale, and personnel of its existing servicing business with technology enhancements to meet the unique… Read More

April 9, 2018 @ 7:00 am By JD Alois  |  

Ocrolus, a Fintech firm that automates the analyzing financial documents, has announced a $4 million Series A investment led by Bullpen Capital. Additional investors include QED Investors, Laconia Capital Group, ValueStream Ventures, and RiverPark Ventures. Also participating in the round were multiple well known names… Read More

April 9, 2018 @ 12:03 am By JD Alois  |  

  Prospa, one of Australia’s leading online lenders to SMEs, has appointed Gail Pemberton AO and Fiona Trafford-Walker as Independent Non-Executive Directors to the Prospa Board. Prospa also announced that current Non-Executive Director Greg Ruddock has been appointed to the role of Chairman of the… Read More

April 6, 2018 @ 9:49 am By Samantha Hurst  |  

On Friday, Assetz Capital announced it has reached a record number of loans available to investors using our Manual Lending Account (MLA), with well over 200 live loans with loan parts available for immediate investment on the secondary market. According to the online lender, the MLA allows hands-on… Read More

April 5, 2018 @ 9:17 am By Samantha Hurst  |  

Sharestates, an online real estate investment platform, announced on Thursday the launch of new online user portals that fully optimize the real estate investment process from beginning to end, providing investors with the first ever UX solutions in the real estate investment industry. According to… Read More

April 4, 2018 @ 10:51 am By Samantha Hurst  |  

Finzy, an India-based peer-to-peer lending platform announced on Wednesday it secured $1.3 million through its Pre-Series A funding round. Founded in 2016, Finzy describes itself as a premier peer-to-peer lending solution that connects borrowers looking for quick personal loans with low-interest rates to investors who… Read More

March 30, 2018 @ 2:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lender Landbay has launched another equity crowdfunding campaign on Seedrs and quickly secured more than £1.2 million in funding. This news comes less than a month after the online lending platform announced it hit its £100 million in lending milestone. Landbay, which was founded in… Read More

March 29, 2018 @ 7:28 am By JD Alois  |  

Spotcap, an SME focused online lender based in Berlin, recently held a roundtable on the future of finance. Individuals from prominent firms joined with the Fintech lender to assess progress made so far. Representatives from Deutsche Bank, Figo, GP Bullhound, McKinsey along with Spotcap debated… Read More

March 28, 2018 @ 4:41 pm By JD Alois  |  

Lawrence Summers has resigned from the Board of Directors of LendingClub (NYSE:LC), according to a release from the leading online lending platform. Summers is departing the Board at the conclusion of LendingClub’s annual shareholder meeting following a six year stint helping to guide the firms strategy. Summers… Read More

March 28, 2018 @ 2:13 pm By Samantha Hurst  |  

LendingCrowd, one of the UK’s fastest-growing alternative finance lenders to the SME market, announced on Wednesday it secured £2 million through its latest investment round, which was led by Equity Gap and included a number of prominent private investors from Scotland’s entrepreneurial and finance scene and the… Read More

March 28, 2018 @ 12:00 pm By JD Alois  |  

PeerIQ is out with their quarterly synopsis regarding all things online lending.  One of the interesting comments is on the growing acceptance that traditional financial firms won’t be Uberized, they will be Amazoned instead. PeerIQ says that Bank Fintech partnerships and M&A continues to be… Read More

March 28, 2018 @ 10:12 am By Samantha Hurst  |  

On Tuesday, online lending platform SoFi announced it was making changes to wealth portfolios. The lender reported that it wants to help users make the smartest investment decisions possible so that they can continue on the path to their goals. It was also reported that each… Read More

March 26, 2018 @ 9:13 am By JD Alois  |  

Ron Suber, President Emeritus of Prosper and a prominent Fintech advocate, has joined the advisory board of MoneyLion. Suber was quoted in a report explaining his interest in the online lender; “MoneyLion is seeing Facebook.com, Inc FB -like engagement with its app. Users are coming back daily. When… Read More

March 23, 2018 @ 11:59 am By JD Alois  |  

Here is a quick note on Lendix, the France-based online lending platform that is rapidly expanding across the European continent. In a tweet, founder and CEO Olivier Goy revealed that Lendix experienced its largest one day ever in loans uploaded to the site.   Mis… Read More

March 21, 2018 @ 7:38 am By JD Alois  |  

CommonBond, a Fintech platform that enables students and graduates to finance their education, has announced a new $50 million Series D funding round. Fifth Third Capital Holdings, part of Fifth Third Bankcorp (NASDAQ:FITB) led the round with participation from First Republic Bank (NYSE: FRC) and… Read More

March 20, 2018 @ 1:14 am By JD Alois  |  

Culum Capital, a Singapore-based receivables and supply chain financing platform, has received an investment  from GTR Ventures. GTR revealed several Fintech investments this past week – mainly in the online lending vertical. “We are thrilled to be partnering with GTR Ventures,” commented Ginnie Chin, co-founder &… Read More

March 16, 2018 @ 3:28 pm By JD Alois  |  

  FinTech Australia, is highlighting a report this week that points to the decline in traditional fince options (IE Banks) and the ongoing rise in SMEs using Fintech platforms to address their capital needs. The report is courtesy of the Scottish Pacific SME Growth Index, released… Read More

March 16, 2018 @ 9:42 am By Samantha Hurst  |  

Lendy announced this week it has attracted its 20,000th investor to its peer-to-peer lending platform. This news comes just days after the online lender announced it repaid five loans in February 2018. According to P2P Finance News, the lender reported that about 7,000 new investors have joined… Read More