Tagged: online lending

December 7, 2017 @ 7:01 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the leading global research institute for all things Fintech, has published its fourth annual survey on UK alternative finance. According to the report, entitled Entrenching Innovation: The 4th UK Alternative Finance Industry Report, the sector of emerging financial… Read More

December 6, 2017 @ 4:59 pm By JD Alois  |  

Yellow Brick Road has added online lender Prospa to its lending panel. The move was described as an effort to diversify its lending offerings for Australian small business customers. Yellow Brick Road is a full service wealth management company that offers products and services for… Read More

December 6, 2017 @ 11:02 am By Samantha Hurst  |  

On Wednesday, UK peer-to-peer lending platform RateSetter released its accounts for the year ending on March 31, 2017. The online lender reported that revenues were £23.7m, up 38 percent from 2015-16; loans under management grew by 23 percent, from £581m to £714m; the number of… Read More

December 6, 2017 @ 9:23 am By Samantha Hurst  |  

Marketplace lending platform Lendio, recently announced its has opened its new franchise located in Nashville, Tennessee. Lendio revealed that its franchise program makes accessing business loans easy by helping small business owners skip the legwork of looking for a small business loan. The online lender noted that… Read More

December 5, 2017 @ 6:54 pm By JD Alois  |  

LendingClub (NYSE:LC) has gone from Wall Street darling to Wall Street dog. Since the IPO at the tail end of 2014, shares in the largest marketplace lending platform in the US have struggled to regain its offer price of $15 a share. If you are… Read More

December 4, 2017 @ 3:00 pm By Samantha Hurst  |  

LendingTree recently announced it has entered into an amended and restated $250 million five-year senior secured revolving credit facility that will replace its previous $125 million credit agreement. According to the online lender, the amended and restated revolving credit facility provides increased borrowing capacity and improved pricing, along with greater strategic and operational… Read More

December 3, 2017 @ 6:26 pm By JD Alois  |  

Hexindai (NASDAQ:HX), a China based peer to peer lender, became the most recent Chinese online lender to trade on a US exchange early last month. The company will report fiscal year results this coming Tuesday before markets open. The  online lender listed their shares on the… Read More

December 1, 2017 @ 1:00 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform Crowd For Angels reportedly announced the launch of its £50 million bond investment opportunity. This news comes less than a year after Crowd for Angels launched its first crowd bonds, which are described as specially created secured, high-interest products act are… Read More

November 30, 2017 @ 9:48 pm By JD Alois  |  

Prospa, an online lender serving SMEs in Australia, had a visit from the Honorable Scott Morrison yesterday. The Treasurer of Australia help to open up Prospa’s new high tech Darlinghurst office, which apparently is quite large extending over two floors housing a team of 150…. Read More

November 30, 2017 @ 1:07 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital announced on Thursday its Innovative Finance ISA (IFISA) will be available as a wrapper on all of its investment accounts, including the manual lending account. The online lender reported that the IFISA will be launched next month, with users… Read More

November 29, 2017 @ 3:22 pm By Samantha Hurst  |  

Peer-to-peer lending platform Assetz Capital completed its latest equity crowdfunding round on Seedrs. The online lender launched the funding round last month and raised a total of £1,665,892.  As previously reported, the launch of Assetz Capital’s latest funding round comes just after the online lender announced from… Read More

November 29, 2017 @ 11:31 am By JD Alois  |  

According to a report in El Español, peer to peer lender Comunitae has ceased all operations indefinitely due to fraud detected on the platform this past October. The Comunitae web site is still live but certain portions are not functional. Madrid based Comunitae is described… Read More

November 28, 2017 @ 3:47 pm By Samantha Hurst  |  

On Monday,  Financial Markets Authority (FMA) today published its first statistical report on peer-to-peer lending (P2P) and crowdfunding in New Zealand. The organization described the report as a snapshot of P2P and crowdfunding activity in New Zealand for the year ended June 30, 2017. It was revealed: “The… Read More

November 27, 2017 @ 4:20 pm By Samantha Hurst  |  

Irish peer-to-peer lender Flender has reportedly attracted close to more than €2 million through its latest funding round. This news comes less than a year after the lending platform secured £501,700 through its equity crowdfunding campaign on Seedrs. As previously reported, Flender is authorized and regulated by the… Read More

November 27, 2017 @ 10:19 am By Samantha Hurst  |  

Peer-to-peer lending platform Lendable has entered into £300 million loan deal with investment and mortgage firm Castle Trust. This news comes just a couple weeks after the online lender hit its £100 million milestone. Founded in 2014, Lendable describes itself as a peer-to-peer lending platform… Read More

November 27, 2017 @ 8:19 am By Samantha Hurst  |  

Less than a week after launching its latest equity crowdfunding campaign on Seedrs, short-term peer-to-peer lending platform Welendus has successfully secured its initial 150,000 funding target from more than 100 investors.  As previously reported, Welendus was founded in 2015 and aims to re-define the short-term lending market… Read More

November 24, 2017 @ 10:08 am By Samantha Hurst  |  

Short-term peer-to-peer lending platform Welendus has launched a new equity crowdfunding campaign on Seedrs. The online lender is now seeking £150,000 as it prepares to expand. This campaign launch comes less than a year after Welendus raised £117,580 on Seedrs.  Welendus, which was founded in 2015, aims to re-define… Read More

November 24, 2017 @ 9:30 am By Samantha Hurst  |  

UK-based peer-to-peer lending platform RateSetter announced on Friday it has appointed Richard Steele as its regional manager for the Midlands. According to the online lender, Steele has more than 15 years of business lending experience and prior to joining RateSetter, he held the relationship manager… Read More

November 24, 2017 @ 8:45 am By Samantha Hurst  |  

Online lending platform Funding Circle announced on Thursday that it is set to roll out its ISA on November 30th (next Thursday) to all current investors. The lender reported that the ISA launch means that investors will soon be able to earn “attractive, stable returns tax-free.” Funding… Read More

November 24, 2017 @ 8:20 am By Samantha Hurst  |  

Chinese marketplace lending platform Yirendai (NYSE: YRD) announced on Friday it has received its ISO 27001 Certification from the British Standards Institution. According to the online lender, the ISO 27001 certification is an internationally recognized best practice framework for an information security management system (“ISMS”) and… Read More