Tagged: online lending

October 29, 2017 @ 4:17 pm By Ido Lustig  |  

What is a world-class risk team and how do you build one? I’m often asked that question as Chief Risk Officer of BlueVine. Like other Fintech lenders, we are intensely focused on risk. Building a world-class risk team has been and will always be a… Read More

October 27, 2017 @ 3:20 pm By Samantha Hurst  |  

ING announced this week it has started to offer online lending to small and medium enterprises (SMEs) in France and Italy. According to ING, this proposition fits its strategy to grow its lending business to SMEs and creating a differentiating customer experience. The offering has… Read More

October 27, 2017 @ 8:17 am By JD Alois  |  

CommonBond, an online lender that helps students and graduates finance their loans, has closed a $248 million securitization of refinanced student loans. This is the largest and highest rated securitization for the Fintech to date. The offering’s most senior notes achieved AA ratings from Moody’s,… Read More

October 26, 2017 @ 2:40 pm By JD Alois  |  

SoFi recently topped $25 billion in loan originations, according to a tweet by the Fintech platform.. The company also claims a growing community of just under 400,000 users. The online lender skipped over the standard milestone release and shared the information via social media. The positive… Read More

October 26, 2017 @ 7:48 am By JD Alois  |  

Quantuma, a corporate recovery and business advisory firm that works with several peer-to-peer lending platforms, has joined the UK Peer to Peer Finance Association (P2PFA). Earlier this year, the P2PFA announced the creation of Associate Members to broaden its membership beyond strict lending platforms. At… Read More

October 25, 2017 @ 1:19 pm By Samantha Hurst  |  

Singapore-based WishFinance announced on Wednesday the global expansion of its blockchain platform. According to the company, this decision was widely applauded by investors who put into the project during the token pre-sale campaign from October 15th to October 25th.  As previously reported, WishFinance has issued more… Read More

October 24, 2017 @ 2:40 pm By Samantha Hurst  |  

Peer-to-peer lending platform RateSetter announced on Friday it has formed a partnership with Experian to help businesses both invest and grow. The online lender revealed that the new collaboration with Experian is now providing credit reference data and analytical services, which ensure that RateSetter continues… Read More

October 23, 2017 @ 4:20 pm By JD Alois  |  

A law suite between investors and LendingClub (NYSE:LC) received the green light to proceed as a class action from US District Judge William Alsup in California last week. The case stems from investors who purchased shares in the online lender only to see the value… Read More

October 23, 2017 @ 1:30 pm By JD Alois  |  

Mambu is a Software as a Service (SaaS) platform that has quickly differentiated its product as a leader in the white label core banking space. The cloud based service provides a path for both traditional finance and Fintech’s to rapidly launch a digitally native financial… Read More

October 22, 2017 @ 7:00 pm By JD Alois  |  

Fundera, an online lending comparison site, has partnered with Oliver Wyman on a report about SME lending. Entitled, “Great Expectations: Improving the loan application process for small business borrowers, the document effectively labels the traditional borrowing process as broken. Their research concludes that banks generally… Read More

October 22, 2017 @ 2:30 am By JD Alois  |  

Fincera Inc. (OTCQB: YUANF), a provider of online financing and e-commerce services for small and medium – sized businesses and individuals in China, has reported financial results for the second quarter ended June 30 , 2017. According to their numbers, loan transaction volume across both… Read More

October 20, 2017 @ 11:33 am By Samantha Hurst  |  

Peer-to-peer lending platform ThinCats announced on Friday it has appointed Ravi Bagri as its new Origination Manager, who will cover the Midlands region. According to the online lender, Bagri is considered one of the most well-established names in the Midlands finance sector and has nearly 30… Read More

October 19, 2017 @ 1:11 pm By Samantha Hurst  |  

Online lender OppLoans announced on Thursday it has appointed Andy Pruitt to the role of CTO. Pruitt is a renowned technologist and company founder. Pruitt is a hands-on technologist who has helped start and grow three Chicago-area software companies. He is founder of Data Anywhere, a data management company. The lending platform… Read More

October 17, 2017 @ 9:39 am By JD Alois  |  

PayPal has partnered with Kiva to help provide loans to entrepreneurs. This is the second time PayPal and Kiva have empowered PayPal users to provide loans while receiving a Kiva credit. Last year the campaign say more than 10,000 PayPal customers and employees make loans… Read More

October 16, 2017 @ 10:01 am By JD Alois  |  

Global Debt Registry (GDR), a Fintech firm that provides asset verification for institutional investors and warehouse lenders in the online lending market, has announced it has topped $1.5 billion in loans validated from leading online lenders. GDR says that has processed 100,000 online, unsecured consumer… Read More

October 16, 2017 @ 9:50 am By Samantha Hurst  |  

SoFi announced on Friday the closing of a $776.7 million offering of SoFi Professional Loan Program 2017-E notes, which has been dubbed the lending platform’s largest loan securitization. According to the online lender, SoFi 2017-E marks the company’s largest asset-backed securities issue to date and its 10th ABS… Read More

October 13, 2017 @ 11:04 am By Samantha Hurst  |  

Ireland-based peer-to-peer lending company Linked Finance announced on Thursday it secured €2m in equity funding to support its plans for expansion. The funding round was led by the company’s original venture capital backers, Frontline Ventures. The platform has now lent over €34.5 million to Irish SMEs since… Read More

October 12, 2017 @ 2:14 am By Therese Torris  |  

As the alternative lending sector matures, the general atmosphere of its flagship event LendIt takes a different tone. The tone of this year’s Lendit Europe was down-to-earth. Hype was out. Business in. Even the discussions about artificial intelligence and blockchain were imbued with much realism…. Read More

October 10, 2017 @ 12:00 pm By Samantha Hurst  |  

Australia-based online lender SocietyOne announced on Tuesday it has secured $350 million in total originations. This news comes less than two months after the lending platform celebrated its fifth birthday. According to SocietyOne, the company topping $350 million as the current loan book also reached $200 million… Read More

October 10, 2017 @ 10:10 am By Samantha Hurst  |  

Real estate marketplace lender Money360 announced on Monday it completed more than $100 million in loans during the third quarter of 2017. The platform revealed that the amount brings its total loan closings to over $450 million, with a target of $600 million in transactions… Read More