Tagged: online lending

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

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