Tagged: online lending

September 17, 2017 @ 12:28 pm By JD Alois  |  

In a recent post on Bondora, the Estonian peer to peer lender, the company announced that it had surpassed €100 million in loan originations. As Bondora states, the platform has now lent €102 million, paying out €15 million in interest to 28,541 investors. Bondora has also reached cash… Read More

September 16, 2017 @ 10:46 am By JD Alois  |  

Ezubao executives are looking at doing some hard time following the conclusion of proceedings at Beijing No. 1 Intermediate Peoples Court. Ezubao maintains the ignominious record of the largest peer to peer lending fraud ever. The Ponzi scheme has been estimated at pilfering over $7.7… Read More

September 15, 2017 @ 10:04 am By JD Alois  |  

Peer to peer lender Assetz Capital is reporting it has seen a year-on-year increase of 175% in the number of property development projects funded around the UK. The online lender says this rise comes following sustained growth in the funding pool for property developments, as investors… Read More

September 13, 2017 @ 8:43 pm By JD Alois  |  

Additional details have been reported surrounding the planned departure of one of the most prominent Fintech CEOs in the world. NYT.com has published a report on the “Frat House” like environment that existed at SoFi with CEO Mike Cagney reportedly being a prime offender. The… Read More

September 13, 2017 @ 8:42 am By JD Alois  |  

Wish Finance, based in Singapore, has announced the launch of its blockchain-based lending platform for small and medium businesses. The company has reportedly issued 100+ loans in 2017 during a soft launch with every loan successfully repaid and 0% default rate. Wish Finance plans to… Read More

September 12, 2017 @ 4:15 pm By JD Alois  |  

SoFi co-founder and CEO Mike Cagney has announced he will resign from SoFi at the end of this year. In a message to SoFi employees last night, Cagney said it was with “heavy heart” he will depart the iconic firm he founded. The announcement comes… Read More

September 12, 2017 @ 10:14 am By JD Alois  |  

  Orchard Platform has rolled out Deals, operated by Orchard Platform Markets, LLC, a wholly-owned subsidiary, SEC-registered broker-dealer, and member of FINRA and SIPC. Deals is a global market where loan originators may discover low cost financing and institutional investors can connect, evaluate, and move… Read More

September 9, 2017 @ 1:16 pm By Xu Gao  |  

Online Marketplace Lenders Banned from Lending to College Students in China On September 6th, Zhao Jianjun, deputy director of the Department of Finance at Ministry of Education, announced at a press conference that online marketplace lenders are banned from lending to college students in China…. Read More

September 6, 2017 @ 9:33 am By JD Alois  |  

Latvia based Mintos has reached a new milestone having now topped  €300 million in online loans since platform launch two years ago. Mintos reports that more than €200 million has been invested in 2017 alone, making Mintos a market leader in continental Europe claiming a… Read More

September 6, 2017 @ 9:00 am By JD Alois  |  

Upgrade, Inc., the new consumer online lender launched by LendingClub founder Renaud Laplanche, has announced the appointment of John Dye as General Counsel. Dye migrates over to the Fintech firm from Western Union where he was Executive Vice President, General Counsel and Secretary of the… Read More

September 5, 2017 @ 6:20 am By JD Alois  |  

Assetz Capital, one of the largest peer-to-peer lending platforms in the UK, has announced it has received full authorization from the Financial Conduct Authority (FCA).  Additionally, Assetz Capital has claimed second place in the ranking of UK’s largest P2P lenders as it reports lending in excess… Read More

September 4, 2017 @ 8:46 pm By JD Alois  |  

Prospa , a leading online lender catering to Australian SMEs, has appointed Rebecca James as its new Chief Marketing and Enterprise Officer. Prospa said the move was indicative of platform growth and the need to boost its executive bench. Prospa has been recognized as the Best… Read More

September 3, 2017 @ 8:16 am By JD Alois  |  

Timelio, an online invoice financing marketplace operating in Australia, has received the backing of Anthony Thomson – a leading Fintech entrepreneur who is founder and Chairman of Atom Bank and founder and former Chairman of Metro Bank. Both Atom Bank and Metro Bank have positioned… Read More

September 1, 2017 @ 11:16 am By JD Alois  |  

Fincera Inc. has received FINRA approval to change its ticker symbol to “YUANF“. Previously, the China based online lender had traded under “AUTCF”. Fincera trades on OTC Markets OTCQB. The Company’s common stock has been assigned a new CUSIP number of G3441J102 in connection with the… Read More

September 1, 2017 @ 8:57 am By Samantha Hurst  |  

On Friday, online lender for small businesses OnDeck (NYSE: ONDK) celebrated 10 years of lending. The company stated that to date it has provided more than $7 billion in capital to over 70,000 customers in 700 different industries in the U.S., Canada, and Australia. Noah Breslow, CEO… Read More

August 29, 2017 @ 7:46 am By JD Alois  |  

ID Finance, an emerging markets focused Fintech company, is now listing investment opportunities on the Mintos marketplace incorporating prime personal loans issued under its Solva brand in Georgia. Solva is a fully owned ID Finance subsidiary in Georgia that has disbursed 28,000 personal loans worth… Read More

August 29, 2017 @ 7:16 am By Samantha Hurst  |  

On Monday, online lender SoFi announced its members have cumulatively paid off over $5 billion dollars in credit card debt using its SoFi Personal Loans and getting them out of debt faster with lower interest rates. According to SoFi, members who used SoFi Personal Loans to… Read More

August 28, 2017 @ 5:52 pm By JD Alois  |  

Online lending platform Float has allegedly shut down. Crowdfund Insider has heard from several different sources the digital platform has called it quits. Earlier today, Crowdfund Insider attempted to contact the platform but no response has been forthcoming. Float provided an instantaneous line of credit… Read More

August 28, 2017 @ 4:49 pm By JD Alois  |  

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has scheduled an investor day in New York City. The event, which is by invitation only, will take place on Thursday, December 7, 2017. CEO Scott Sanborn and other executives from the LendingClub management team will provide… Read More

August 25, 2017 @ 5:05 pm By JD Alois  |  

Recently, Crowdfund Insider published an article about Marqeta signing a partnership with Visa on payments and loans. The marriage is designed boost innovations in commercial and consumer payments and online lending. Visa also made a strategic investment in Marqeta at that time to the tune… Read More