Tagged: online lending

February 13, 2018 @ 12:19 pm By JD Alois  |  

Today, during an investor presentation at the Credit Suisse 19th Annual Financial Services Forum in Key Biscayne, Florida, Goldman Sachs CEO Lloyd Blankfein delivered a presentation on his bank’s operations. Buried in the middle of the deck was some interesting perspective on Marcus, Goldman’s foray into… Read More

February 13, 2018 @ 11:34 am By Samantha Hurst  |  

Neptune Financial Inc. (NepFin), a California-based financial services company, announced on Tuesday it has launched its very own online commercial lending platform for mid-sized U.S. businesses. According to the company, this new platform was created to become a new source of credit as well as… Read More

February 9, 2018 @ 9:00 pm By Samantha Hurst  |  

Elevate Credit, Inc., a tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, announced on Thursday its full 2017 results. According to CEO of Elevate, Ken Reese, the company ended its first year as a public company with a strong loan growth… Read More

February 8, 2018 @ 5:25 pm By JD Alois  |  

LendingClub (NYSE: LC) has scheduled its Q4 earnings release for Tuesday, February 20, 2018, after market hours. LendingClub will host a conference call at 5PM ET the same day A live webcast of the call will be available on the LendingClub website here.  Alternative you may dial… Read More

February 8, 2018 @ 9:00 am By JD Alois  |  

Upgrade, Renaud Laplanche’s newest online lending startup , has been recognized the number one personal loan platform by Lending Tree – according to Q4 customer reviews. LendingTree’s rankings are based on a weighted average of overall rating and the total volume of customer reviews and… Read More

February 7, 2018 @ 1:27 pm By Samantha Hurst  |  

TaxSlayer, an online professional tax and fintech company, announced on Tuesday it has formed a strategic partnership with Kabbage, Inc., a global technology and data platform powering small business lending. According to the company, this new collaboration is set to offer qualified small business customers hassle-free… Read More

February 7, 2018 @ 10:45 am By JD Alois  |  

Online lending eventually will be the norm, not the exception. As bricks and mortar ebbs away, Fintech is filling the void due to demand and the sheer efficacy of the online lending process. Indicative of this systemic trend is a report this week in WSJ.com… Read More

February 7, 2018 @ 10:01 am By JD Alois  |  

Peer-to-peer lending platform RateSetter has shared that is Innovative Finance ISA (IFISA) will launch tomorrow (February 8th). RateSetter said the IFISA will initially be available to existing customers, then to new customers on 1 March and to inward transfers from other ISAs in April. The creation of… Read More

February 5, 2018 @ 9:06 am By JD Alois  |  

Challenger bank Banco BNI Europa is now investing in loans via the Fellow Finance platform. According to information provided by Fellow Finance, Banco BNI is the first European bank to invest in loans on its platform. Banco BNI Europa will now be present on the… Read More

February 1, 2018 @ 10:05 am By Samantha Hurst  |  

Earlier this week, online lending platform SoFi announced to its employees that, despite its successes in 2017, it will be laying off 65 employees (5% of its 1,300 workforce) in its mortgage-operations centers in Healdsburg, California and Cottonwood Heights, Utah. According to the Wall Street Journal,… Read More

February 1, 2018 @ 12:44 am By JD Alois  |  

Banco BNI Europa and Funding Circle have entered into a partnership to provide access to capital for small and medium-sized businesses in Germany, according to the bank. Banco BNI Europa is a digital challenger bank based in Portugal. As part of the agreement, Banco BNI… Read More

January 29, 2018 @ 2:00 am By Greg Carter  |  

2018 has started strongly. According to the UK Office of National Statistics data, it looks like the UK could be starting to overcome its productivity challenges. Meanwhile, manufacturing output is at its highest level in a decade. And, of course, we’ve seen the global economy… Read More

January 26, 2018 @ 4:44 pm By JD Alois  |  

LendingClub (NYSE:LC), the largest marketplace lending platform in the US, has just posted an 8K regarding a warehouse funding agreement with certain lenders. LendingClub has enlisted the assistance of JPMorgan Chase Bank, N.A. as administrative agent, and Wilmington Trust, National Association as collateral trustee. The warehouse… Read More

January 26, 2018 @ 9:59 am By Samantha Hurst  |  

Online balance sheet lender, Nucleus Commercial Finance, reportedly lent £350 million in 2017. Founded in 2011, the lender revealed its platform was created in order to provide UK SEMs with alternative funding options. It was revealed: “At Nucleus, we combine the stability of bank finance with the… Read More

January 26, 2018 @ 7:39 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has published aggregate fourth quarter data for of 2017 for its member platforms. The P2PFA shows that during 2017 £3,145,098,842 in peer to peer loans were facilitated. Cumulative lending transacted through P2PFA member platforms exceeded £8 billion…. Read More

January 24, 2018 @ 10:14 am By Samantha Hurst  |  

On Tuesday, online lending platform SoFi announced details about its 2017 successes and plans for the new year. This announcement comes just after the lender named Anthony Noto as its new CEO and a director, effective March 1st. The 2017 milestone and accomplishments include: SoFi topped… Read More

January 23, 2018 @ 4:34 pm By JD Alois  |  

Fluid Credit, a Fintech startup that targets college students and responsible credit, has published “Fluid By The Numbers”, a “power ranking” that looks into thousands of U.S. college students’ credit and spending behavior. Fluid provides interest free credit to students to help build up their… Read More

January 23, 2018 @ 9:19 am By JD Alois  |  

SoFi has shared that its Board of Directors has appointed Anthony Noto as Chief Executive Officer and a director, effective March 1. Rumors swirled earlier this week as it was confirmed that Noto, currently Twitter COO, was in discussion with the large Fintech firm to… Read More

January 22, 2018 @ 11:09 pm By JD Alois  |  

Funding Societies, a leading peer-to-peer lending platform based in Singapore, has crossed the S$ 100 million mark in total crowdfunded SME loans. The financing was provided to SMEs across Singapore, Indonesia and Malaysia. According to the company, Funding Societies has expanded its crowdfunding book by… Read More

January 22, 2018 @ 8:39 am By JD Alois  |  

BAWAG Group and Berlin based Fintech Spotcap have formed a strategic partnership to give Austrian small and medium-sized enterprises (SMEs) access to same-day financing. The partnership is said to be the first time Spotcap will offer its lending platform and proprietary analytics to a bank and marks… Read More