Tagged: online lending

August 7, 2017 @ 4:26 pm By JD Alois  |  

LendingClub (NYSE:LC) is out with Q2 numbers and the marketplace lending platform is showing a top line increase for the quarter and for the first half of the year. Loan originations in Q2 increased versus same quarter year prior as well. During Q2 top line… Read More

August 7, 2017 @ 1:16 pm By Samantha Hurst  |  

On Monday, online lender OnDeck released its second quarter 2017 financial results, which revealed a significant narrow quarterly loss along with providing an update regarding the lender’s ongoing $45 million cost rationalization plan, and reaffirmed it is on track to achieve GAAP profitability by the end of 2017…. Read More

August 7, 2017 @ 8:47 am By JD Alois  |  

Peer to peer lender  Fellow Finance has added a new invoice financing option for SMEs in search of finance. Fellow Finance, which is based in Finland, said this move established their company as the most comprehensive crowdfunding platform in Europe for long-term business loans and… Read More

August 3, 2017 @ 11:31 am By JD Alois  |  

Square (NYSE:SQ) reported Q2 earnings yesterday. The company topped expectations by posting a loss of ($0.04) a share versus an expected loss of ($0.05) a share. While the company entered its existence as a streamlined payments processor for everyone, Square has quickly morphed into a… Read More

August 3, 2017 @ 10:28 am By JD Alois  |  

Kabbage is out with some big news. SoftBank has committed $250 million in an equity investment into the online lender. This is a significant statement on the belief that Kabbage is on the right trajectory when it comes to the competitive online lending market. SoftBank… Read More

August 3, 2017 @ 6:27 am By Samantha Hurst  |  

RateSetter recently announced its lenders have now delivered more than £2 billion in loans to people and businesses across the UK and in doing so have earned over £76 million in interest. According to the online lender, 94% of its lenders are individuals looking for… Read More

August 2, 2017 @ 9:12 am By JD Alois  |  

FundedByMe Malaysia (FBM Crowdtech Sdn Bhd), one of the first approved crowdfunding platforms in the country,  has created a peer to peer lending platform for SMEs. The new platform, entitled AlixCo, is designed to help finance Malaysian entrepreneurs and to address the SME financing gap in… Read More

August 2, 2017 @ 7:14 am By JD Alois  |  

PeerIQ Expands Into Traditional Lending Sector PeerIQ, a provider of data and analytics for the lending sector, has closed a $12 million Series A funding round, co-led by TransUnion, Hearst’s Financial Venture Fund and Macquarie Group. Existing investors Uprising and former Morgan Stanley CEO John… Read More

August 1, 2017 @ 2:06 pm By Samantha Hurst  |  

Marketplace lender Money360 announced on Monday it  closed $143 million in loans in the second quarter, marking the lender’s best quarter to date. The online lender reported it has now closed more than $350 million in total loans, is on pace to close more than… Read More

July 31, 2017 @ 5:05 pm By JD Alois  |  

Elevate Credit (NYSE: ELVT), a non-prime online lender, is out with its Q2 numbers. Elevate only began trading on the New York Stock Exchange this past April. According to the company, revenues for the quarter totaled $150.5 million – an 18.7% increase versus year prior… Read More

July 31, 2017 @ 10:07 am By Samantha Hurst  |  

On Friday, marketplace lending platform Prosper announced it was officially discontinuing its Prosper Finance Daily app on Monday (August 31st). The online lender revealed to help its users through the transition, it has teamed up with personal finance app Clarity Money to offer some of… Read More

July 31, 2017 @ 10:04 am By JD Alois  |  

N26, a digital only challenger bank, has expanded its range of consumer loans through a partnership with auxmoney, an online lender serving Continental Europe.  As with all other products of N26 customers can access credit with just a few clicks directly on the N26. In… Read More

July 28, 2017 @ 8:05 am By JD Alois  |  

Visa (NYSE: V) and Marqeta, a payment card issuing platform that can provide consumers with immediate loans, has announced a global partnership to propel innovations in commercial and consumer payments in lending. Visa has also made a strategic investment in Marqeta and led a $25… Read More

July 27, 2017 @ 11:49 am By Samantha Hurst  |  

Fundera announced on Tuesday the release of its new survey on the state of small business lending. The report asked small business owners about their experience with credit, lending, and financial resources. According to Fundera, the survey revealed that business owners do not know enough… Read More

July 27, 2017 @ 11:12 am By Samantha Hurst  |  

Peer-to-peer finance platform for business Assetz Capital announced on Thursday it has partnered with financial account aggregator and marketplace, Bud, to expand lender base. Bud’s Market+ is described as a service that allows users to connect and interact with a host of third-party services ranging from loans,… Read More

July 27, 2017 @ 8:00 am By Samantha Hurst  |  

Lendio announced on Thursday it surpassed $500 million in business loans to over 21,000 small businesses across the U.S. through its marketplace lending platform.The growth milestone comes after a 141 percent increase in loans originated through the lender in the last fiscal year. The marketplace… Read More

July 26, 2017 @ 9:50 am By Samantha Hurst  |  

Irish peer-to-peer lending platform Linked Finance has successfully secured more than €1 million for Waterford-based businesses. According to the Muster Express, over 30 businesses in Waterford have raised funds through the lending platform to facilitate their business growth. Mark Bergin, Founder, Coffee House Lane and who has sought… Read More

July 25, 2017 @ 8:20 am By JD Alois  |  

Banco BNI Europa, a digital challenger bank based in Portugal, has announced it has reached profitability in the first half of 2017, its third year in operation. Banco BNI Europa said its total assets grew 36.7% reaching almost €500 million in June this year. Total… Read More

July 24, 2017 @ 11:17 am By Samantha Hurst  |  

Earlier this month, leading peer-to-peer lender Lending Club announced it has expanded its partnership with Opportunity Fund to provide underserved small businesses with access to loans they need in order to grow. Lending Club revealed: “Access to credit has long been a challenge for small businesses,… Read More

July 24, 2017 @ 8:35 am By Samantha Hurst  |  

Lending Works recently announced it is now offering bonuses for lenders on its peer-to-peer lending platform. Starting today, lenders may earn a bonus of £50 for each calendar week, up to £200 in bonus. This is assuming that the lenders lend out £5,000 or more in each of the calendar weeks. While… Read More