Tagged: online lending

November 22, 2017 @ 7:41 am By JD Alois  |  

ThinCats unveiled a new brand last week at an event attended by more than 100 business leaders. The gathering took place at the National Space Centre in Leicester but the new branding will not be officially launched until mid-December. John Mould, ThinCats CEO and Ravi Anand,… Read More

November 20, 2017 @ 10:33 am By Samantha Hurst  |  

Less than a month after launching its latest equity crowdfunding campaign on Seedrs, peer-to-peer lending platform Assetz Capital has successfully secured £1.5 million from more than 700 investors. The online lender took to the funding portal to raise £1 million for expansion. Its previously initiative… Read More

November 20, 2017 @ 10:19 am By Samantha Hurst  |  

Last week, peer-to-peer lender Landbay announced it will be offering up to 25-year mortgage terms starting in January 2018. The lending platform revealed in a blog post: “After listening to feedback from our network of specialist broker partners, and in light of our own industry knowledge… Read More

November 19, 2017 @ 8:17 pm By Samantha Hurst  |  

UK-based specialist property peer-to-peer lender CrowdProperty successfully secured its initial £600,000 equity crowdfunding target on Seedrs. The online lending platform launched the initiative on Friday and is seeking to use the funds for t in talent, tech development, and marketing. As previously reported, CrowdProperty was launched in… Read More

November 17, 2017 @ 9:20 am By Samantha Hurst  |  

CrowdProperty, a UK-based specialist property peer to peer lender, announced on Friday the launch of its new crowdfunding campaign on Seedrs, following full FCA Authorisation and surpassing £10m million lending milestone. The online lending platform is currently seeking £600,000 to fund investment in talent, tech… Read More

November 16, 2017 @ 11:54 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has filed suit in federal court against Think Finance, a Fintech that leverages its technology to power online lending platforms. Think Finance provides software technology, analytics, loan servicing, and marketing services. The CFPB says the suit was filed for… Read More

November 16, 2017 @ 9:09 am By JD Alois  |  

WeShareBonds, an AMF-registered crowd lending platform, has raised €12 million to continue financing French SMEs. The new funding includes both the closing of WeShareBonds’ second credit fund (Prêtons aux PME 2018) to finance French SMEs for €10 million and an equity increase of €2 million… Read More

November 15, 2017 @ 9:13 am By JD Alois  |  

Lendix, online lender for SMEs in continental Europe, has announced the launch of a new financing product: the Flexible Bridge Loan. This product is designed to will allow a greater number of French, Spanish and Italian SMEs to benefit from the speed of execution of… Read More

November 13, 2017 @ 1:26 pm By Samantha Hurst  |  

On Monday, leading peer-to-peer lending platform for consumer loans, Prosper, reported growth in both transaction revenue and loan originations for the third quarter of 2017. The online lender claimed that the continued demand for personal loan product resulted in $822 million in loan originations through its… Read More

November 8, 2017 @ 6:37 pm By JD Alois  |  

Prospa has claimed first in the race to originate over half a billion in small business loans. The online lender states that over the past 12 months, Prospa has experienced dramatic growth, doubling the size of its loan book. Prospa has now provided credit to… Read More

November 8, 2017 @ 4:30 pm By JD Alois  |  

Square (NYSE:SQ), a growing Fintech and payments platform, reported earnings after the bell today. Square saw “ongoing strength” in transaction, subscription and services-based revenue. Top-line revenue grew from the Q2 of 2017 increasing 33% year over year, up from 26%.  Gross Payment Volume (GPV) jumped… Read More

November 7, 2017 @ 10:33 pm By JD Alois  |  

One of the fastest growing Fintech’s in China has raised USD $220 million. WeLab, a Hong Kong-based mobile lending platform founded in 2013, has closed funding round of $220 million including both strategic debt and equity funding with the backing of Alibaba Hong Kong Entrepreneurs Fund,… Read More

November 6, 2017 @ 2:55 pm By JD Alois  |  

Fincera (OTCQB:YUANF) , a China based peer to peer online lender targeting small and medium-sized businesses and individuals in China, has announced that its Board of Directors has approved a 2 for 1 stock split of the Fincera’s outstanding shares of common stock in the… Read More

November 2, 2017 @ 2:42 pm By Samantha Hurst  |  

UK-based peer-to-peer property platform Lendy announced on Thursday it has broken all previous records for loan repayments generated in any one month, recovering £20 million in total in October 2017 alone. The online lender reported that this exceeds its previous September 2016 high of £14.5 million. The… Read More

November 2, 2017 @ 9:43 am By Samantha Hurst  |  

UK-based peer-to-peer business lender Growth Street has successfully surpassed £100 million in online lending. The platform, which was launched in 2013, allows investors to lend to small-and medium-size businesses using a flexible working capital solution. According to Peer2Peer Finance News, along with its lending milestone, Growth… Read More

October 31, 2017 @ 5:00 pm By JD Alois  |  

Several years back while at LendIt Europe in London, I had the opportunity to sit down with Karen Mills a Senior Fellow at the Harvard Business School Harvard. Mills previously was a Cabinet Member during the Obama Administration from 2009 to 2013. At that time,… Read More

October 31, 2017 @ 2:42 pm By Samantha Hurst  |  

Less than two and a half years after successfully raising more than £3.2 million through its Seedrs campaign, peer-to-peer lending platform Assetz Capital has returned to the equity crowdfunding platform to raise more growth funds. The news of Assetz Capital’s latest funding round comes just after… Read More

October 31, 2017 @ 1:52 pm By Samantha Hurst  |  

On Tuesday, Latvian peer-to-peer lending platform DoFinance announced it is now available for investments from legal entities. According to the online lender, it is already offering investment options for individuals and is operating in both European and Asian markets. According to DoFinance, for both individuals… Read More

October 30, 2017 @ 9:48 am By JD Alois  |  

PeerIQ, a leading provider of loan-level analytics that is big into the alternative finance space, has partnered with  Mosaic on a $307 million loan securitization. Mosaic is a leader in the solar financing sector. Launching as a peer to peer lender, Mosaic has shifted into… Read More

October 30, 2017 @ 9:25 am By Samantha Hurst  |  

Marketplace lender SocietyOne announced on Monday it is set to provide positive consumer credit information to credit bureaus as part of the move to establish a fully-fledged comprehensive credit reporting (CCR) regime in the country of Australia. The online lender stated it will start sending… Read More