Tagged: online lending

December 29, 2017 @ 10:29 am By Samantha Hurst  |  

Online lending platform for small businesses OnDeck (NYSE: ONDK), the leader in online lending for small business, announced today that a fund managed by an investment advisor subsidiary of BlackRock has joined OnDeck’s platform of financing partners as another committed source of capital to fund… Read More

December 29, 2017 @ 9:55 am By Samantha Hurst  |  

Earlier this month, Liverpool-based property developer Mitty Group secured £1,982,000 worth of funding from UK-based peer-to-peer lender Assetz Capital to develop two new residential and leisure sites in Merseyside. Established in 2013, Mitty Group is one of Liverpool’s fastest growing property development and investment companies. It specializes… Read More

December 26, 2017 @ 3:18 pm By Samantha Hurst  |  

Last week, UK-based online lending platform Lending Works celebrated 2017 by looking back at all its successes. The online lender revealed in a blog post: “2017 is a year which we will look back on with great pride. In 2016, a lot of groundwork was… Read More

December 24, 2017 @ 2:00 pm By Erin Hobey  |  

P2Binvestor CEO Krista Morgan founded P2Binvestor in 2012 with a mission to help growing businesses succeed. Morgan is not only CEO of a fast growing Fintech, she is also the cohost of the podcast “Women Who Startup Radio”, an ardent mentor to other women entrepreneurs… Read More

December 19, 2017 @ 8:36 am By JD Alois  |  

Assetz Capital, a UK based peer to peer lender, has announced the launch of its Innovative Finance ISA (IFISA). The IFISA is available as a wrapper on all of the automated investment accounts, with the Manual Lending Account also set to be allowed into the… Read More

December 18, 2017 @ 9:18 am By JD Alois  |  

Younited Credit has just surpassed 100,000 in loans since platform inception. The Paris based online lender (formerly named Pret d’Union) reported an accelerating rate of loan originations as the number has doubled since September 2016 when total loans stood at 50,000. The platform provides loans… Read More

December 18, 2017 @ 8:13 am By JD Alois  |  

The development of technology-based financial services or Fintech is a rapid, global, regional, and national movement. The Fintech industry has the opportunity to bring about change in the overall global financial industry everywhere. Indonesia, one of the most populous countries in the world, will benefit enormously by… Read More

December 18, 2017 @ 7:35 am By JD Alois  |  

SME peer to peer lender ThinCats has launched a new website and branding designed to position itself for its next phase of growth in 2018. The new website, which has been designed to be easier to navigate, with delineated areas for investors, businesses and their… Read More

December 15, 2017 @ 8:42 am By Samantha Hurst  |  

On Thursday, online lending platform Assetz Capital announced the launch of its new website and “refreshed” brand just ahead of its upcoming Assetz Capital ISA. The online lender announced in its latest blog post: According to the lender, the new website has been designed to… Read More

December 15, 2017 @ 8:37 am By Samantha Hurst  |  

Lendio, an online lending marketplace for small business loans, announced on Thursday the opening of its new franchise in the Detroit Metro area. Through the franchise program, Darnell Parker, President of Lendio Regional Lending Services, will help local businesses in the community apply for loans, review their… Read More

December 14, 2017 @ 11:56 pm By JD Alois  |  

The Australian government and regulatory officials are keenly engaged in fostering the growth of Fintech. Marketplace lending, one of the largest sectors of Fintech, has provided a much needed new source of credit in many countries around the world. Earlier today, the Australian Securities and… Read More

December 13, 2017 @ 11:20 am By Samantha Hurst  |  

On Tuesday, small business lending platform OnDeck announced two senior financial services executives to join its management team. Kelly Merrill and Erich Wust will assume new leadership roles that directly support the online lender’s  mission of empowering small business owners with the fastest and most… Read More

December 12, 2017 @ 4:10 pm By Samantha Hurst  |  

Last week, peer-to-peer lending platform RateSetter announced that it has surpassed $200 million for loans in Australia. The online lender reportedly launched in Australia nearly three and a half years ago.  “This week we passed through $200 million of loans matched between investors and borrowers…. Read More

December 12, 2017 @ 1:19 pm By Samantha Hurst  |  

Finnish crowdfunding and peer-to-peer lending platform Fellow Finance announced on Tuesday it received payment institution authorization from the Financial Supervisory Authority of Finland. The online lender claims it is the first funding platform to receive this type of authorization, which will notably enable Fellow Finance to… Read More

December 12, 2017 @ 9:55 am By Samantha Hurst  |  

Peer-to-peer lending platform Prosper announced on Tuesday it has appointed former Chief Marketing Officer of J.P. Morgan, Claire Huang to its board of directors. According to Prosper, Huang has held senior leadership positions at various well-known financial services companies, which includes Bank of America, Fidelity Investments, and American Express. While… Read More

December 12, 2017 @ 9:15 am By JD Alois  |  

Affirm, a Fintech that provides point of transaction access to credit, has been received Unicorn status, according to multiple reports. Affirm is the creation of Max Levchin, a PayPal co-founder, who knows a thing or two about finance. According to a report in Bloomberg last… Read More

December 11, 2017 @ 9:31 am By JD Alois  |  

The Mintos marketplace for loans has added its first Russia based loan originator: EcoFinance. The online lender offers investments in unsecured personal loans issued in Russia under its CreditPlus brand. Mintos reports that EcoFinance loans on its marketplace will initially be listed in Euros with… Read More

December 11, 2017 @ 8:00 am By Samantha Hurst  |  

On Friday, online lending platform SoFi announced that it has closed its $769 million SoFi Private Student Loan notes (SoFi 2017-F). The lender revealed that the closing marked its 12th ABS transaction this year and brings the total amount of ABS issuance to $6.9 billion. SoFi reported… Read More

December 8, 2017 @ 4:02 pm By Samantha Hurst  |  

Earlier this week, Harmoney announced there has been an increase in Kiwi SMEs that are tapping into peer-to-peer (P2P) lending for business cashflow. The New Zealand online lender stated it estimates $100 million will be loaned to business accounts through its lending platform within the… Read More

December 8, 2017 @ 10:58 am By Samantha Hurst  |  

Earlier this week, online lending platform Zopa announced that users may now set their repayments to automatically move into an ISA. The lender reported this means that users may gradually move their Zopa money into an ISA without having to sell loans and pay fees… Read More