Tagged: online lending

October 9, 2017 @ 11:06 am By Samantha Hurst  |  

Linked Finance, Ireland-based peer-to-peer lending company, announced on Monday the launch of its new type of pension account. The account allows holders of self-managed pensions to make P2P lending to Irish SMEs part of their pension investment portfolio. According to Linked Finance, the accounts have… Read More

October 9, 2017 @ 10:10 am By Samantha Hurst  |  

Argentina-based peer-to-peer (P2P) lending platform Afluenta recently announced during its fifth-anniversary celebration it was launching commercial loans to the fifth version of its lending platform. According to the lender, in the latest version, it will add its own proprietary credit scoring and introduces commercial loans for people with commercial activities,… Read More

October 9, 2017 @ 2:01 am By JD Alois  |  

  Mintos marketplace for loans now has more than 35 000 registered investors from 64 countries. Mintos states that approximately 2,000 new investors join Mintos each month. The growing pool of investors has allowed Mintos to help fund loans worth more than € 325 million through… Read More

October 9, 2017 @ 2:00 am By JD Alois  |  

PeerIQ, a deep data platform that bridges lenders and the capital markets, periodically publishes a report that provides a unique view into the alternative lending sector. The company is out with their Q3 report that delivers a point in history perspective on online lending. Ram Ahluwalia,… Read More

October 6, 2017 @ 9:14 pm By Samantha Hurst  |  

Earlier this week, UK-based peer-to-peer lending platform Landbay announced its September saw a total of £6.31 million lent across 31 mortgages and it announced five new hires.  According to Financial Report, last month’s lending levels were higher than the previous two months combined.  Among the new… Read More

October 6, 2017 @ 8:00 pm By Therese Torris  |  

French online factoring platform Finexkap is pursuing its rapid, yet controlled growth. Doubling in size each year since it opened for business in 2014, the Fintech startup passed last summer the €100 million mark of cumulated financing. France remains one of the markets with the… Read More

October 6, 2017 @ 2:40 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform RateSetter announced it is celebrating its seventh anniversary this weekend. This celebration comes two months after the platform announced its lenders have now delivered more than £2 billion in loans to people and businesses across the UK and in doing so… Read More

October 6, 2017 @ 10:45 am By JD Alois  |  

Racefields has announced that its debt trading platform RCX has garnered a listings value of £5.7 million in just two weeks following platform launch. The platform shares that each bridge loan is value from between £250,00 to £1.7 million. These loans are a mix of… Read More

October 6, 2017 @ 9:29 am By JD Alois  |  

Moody’s Investor Service has upgraded 4Finance‘s credit ratings to B2 from B3. The upgrade comes as 4finance says it has passed € 5 billion in loan originations. The 4finance S.A. senior unsecured issuer rating was also upgraded to B2 from B3. The outlook on all ratings… Read More

October 5, 2017 @ 10:47 am By JD Alois  |  

Mambu has been enlisted to power ABN AMRO’s newly launched online lending platform New10. Mambu will be the SaaS engine for a range of small and medium enterprise (SME) lending products in the Netherlands. New10 will provide SMEs a credit decisions within 15 minutes. Mambu… Read More

October 5, 2017 @ 9:30 am By JD Alois  |  

Earnest, an online lender in the student loan space, has been acquired for $155 million by Navient (NAVI) – the largest student loan servicer in the US. Since 2015, Earnest has refinanced approximately $2 billion in loans saving an estimated $500 million for thousands of… Read More

October 5, 2017 @ 9:30 am By Samantha Hurst  |  

UK-based peer-to-peer property platform Lendy is currently seeking permission to launch an innovative finance ISA (IFISA). This news comes just after the online lender announced its 2016 earnings and additional growth plans. According to FT Adviser, head of marketing and communications for Lendy, Paul Riddell… Read More

October 4, 2017 @ 7:56 pm By JD Alois  |  

The Reserve Bank of India (RBI) is out with “Master Directions” regarding non-banking financial companies or peer to peer lenders. RBI indicated last month P2P lenders would not be considered banks. The governmental directive is officially known as the “Non-Banking Financial Company – Peer to… Read More

October 3, 2017 @ 10:39 pm By JD Alois  |  

Online SME lender Kabbage is raising $161 million, according to a filing with the Securities and Exchange Commission. The Fintech firm filed the Form D last week indicating it had already received $80,573,040 with the same amount remaining to be raised. Kabbage announced in early… Read More

October 2, 2017 @ 10:07 pm By Samantha Hurst  |  

Last week, Administrator Linda McMahon, head of the U.S. Small Business Administration, announced the launch of Lender Match, the SBA’s online referral tool connecting small business borrowers with participating SBA lenders.  Lender Match is an upgrade to LINC (Leveraging Information and Networks to access Capital), which was… Read More

October 2, 2017 @ 9:23 am By JD Alois  |  

Zopa, the largest peer to peer consumer lending platform in the UK, has revealed a new partnership with Saffron Building Society that will deliver a physical presence for the online lender. The new partnership was announced today with Zopa CEO Jaidev Janardan commenting; “The partnership… Read More

September 29, 2017 @ 10:08 am By Samantha Hurst  |  

Assetz Capital, one of the UK’s fastest growing peer-to-peer finance platforms and the largest property backed peer-to-peer lender, announced on Friday it has lowered its entry interest rate for commercial mortgages from 7.9% to 6.9% in an unprecedented move to give access to even lower rates… Read More

September 28, 2017 @ 4:22 pm By JD Alois  |  

LendingClub (NYSE: LC) has sponsored and contributed to its second securitization deal following the the last successful self sponsored deal this past June. The “Consumer Loan Underlying Bond” (CLUB) Credit Trust 2017-P1 (CLUB 2017-P1) issued $323.1 million in prime notes backed by consumer loan assets originated via… Read More

September 28, 2017 @ 10:42 am By JD Alois  |  

  Orchard Platform, the nexus of loan originators and institutional investing, has updated their ongoing graphical view of the online lending  world or “Lendscape”.  As the online lending universe has moved from peer to peer lending, to marketplace lending to all forms of online lending,… Read More

September 28, 2017 @ 7:47 am By JD Alois  |  

Emerging peer to peer lender Robo.Cash has topped €2 million in loans with the advent of the 1000th investor.  According to Robo.Cash, investors are spread across most of Europe with lenders now coming from 28 different countries. The short term loans are coming from Spain and… Read More