Tagged: online lending

January 26, 2017 @ 12:21 pm By JD Alois  |  

LendingRobot has officially launched their next big vertical: a Robo-Hedge Fund for alternative lending. Crowdfund Insider initially wrote about the forthcoming Robo-fund when we uncovered an SEC filing for a pooled investment vehicle last November. While the filing became public at that moment, the “LendingRobot… Read More

January 25, 2017 @ 8:56 am By JD Alois  |  

Fintech firm AutoGravity launched its auto finance platform today allowing consumers the ability to access auto loans from across 46 different states. The app-based service is said to provide personalized loan or lease offers “within minutes,” thus removing a painful part of the car purchase… Read More

January 25, 2017 @ 1:30 am By JD Alois  |  

loanDepot challenges the status quo of traditional banking every day. loanDepot has just achieved an impressive milestone.  In the past 7 years since platform launch, loanDepot has now funded $100 billion in home, personal and home equity loans making it a top-five retail mortgage lender… Read More

January 18, 2017 @ 3:24 pm By Samantha Hurst  |  

Online consumer lending platform, BorrowersFirst, announced on Wednesday it secured an additional $100 million in debt financing to accelerate loan originations, and fund the continuous growth of its balance sheet.  With this new facility, the lender has secured $400 million to support its profitable growth. … Read More

January 18, 2017 @ 9:21 am By JD Alois  |  

Lending Club (NYSE: LC), the leading US marketplace lending platform,  will issue its Q4 earnings report on Tuesday, February 14, 2017, after market close. Lending Club will host a conference call to discuss the fourth quarter financial results at 2:00 p.m. PT / 5:00 p.m. ET on… Read More

January 17, 2017 @ 2:18 pm By JD Alois  |  

SoFi expects the online mortgage origination industry to be a big portion of their business. In fact, they expect mortgages to experience the fastest growth of any of their products to date. National Mortgage News shared some comments from SoFi management including Chief Revenue Officer… Read More

January 17, 2017 @ 8:39 am By JD Alois  |  

Marketplace lending platform Lendix has landed in Italy. The Paris-based operation has announced the appointment of Sergio Zocchi as CEO.  Lendix said that Zocchi has over 20 years experience in high-tech and finance as he leads the local Lendix team based in Milan. Lendix said… Read More

January 16, 2017 @ 4:47 pm By JD Alois  |  

Loan Frame, an online lender providing access to capital in India, has raised $2.25 million. According to the India Times, the funding round was led by Parag Saxena, co-founder of Vedanta Capital and William Campbell, former chairman of Visa International. Additional investors included Toos Daruvala, co-chief executive… Read More

January 11, 2017 @ 2:15 pm By Samantha Hurst  |  

With less than a week until its Seedrs campaign comes to an end, P2P lending platform Flender has secured 98% of its £500,000 funding target (more than £485,000) from 225 investors.  As previously reported, Flender is authorized and regulated by the Financial Conduct Authority under… Read More

January 9, 2017 @ 11:24 am By JD Alois  |  

Marcus, Goldman Sach’s (NYSE:GS) foray into the universe of online lending, launched late last year. The catch was you had to be “invited” to take out a loan. Management was clearly testing things before the training wheels came off. Today, Marcus is emailing folks to let… Read More

January 9, 2017 @ 9:05 am By Vincent Basulto  |  

Predicting what will transpire in the coming year is always challenging, particularly in relatively nascent and growing industries such as marketplace lending. While surprises are undoubtedly in store for 2017, indications are that certain trends—the growth of bank partnerships and industry consolidation—will continue and accelerate… Read More

January 8, 2017 @ 5:30 pm By Timothy Li  |  

The following are my top ten Fintech predictions for the coming year. While 2016 has been a momentous period in Fintech innovation there is more to come. 10 – Sensors Internet of Things (IoT), Wearables, Smart Home and Connected Car will bring massive change to… Read More

January 6, 2017 @ 2:30 pm By JD Alois  |  

Orchard Platform, the nexus of institutional money flowing into online lending platforms, has updated their Lendscape: a visual presentation of the online lending ecosystem. As industry participants know all too well, 2016 has been a challenging year for lenders. Orchard states that 2016 saw increasing… Read More

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

Funding Circle announced on Thursday that government-owned British Business Bank would begin lending a further £40 million directly to small businesses through the marketplace lending platform. The website confirmed that this news comes less than two years after an initial £40 million investment by the British Business… Read More

December 23, 2016 @ 2:17 pm By Samantha Hurst  |  

With less than two weeks until 2016 comes to an end, Funding Circle took a look back at its marketplace lending platform’s memorable moments of the year. The platform shared: “As the new year approaches, we wanted to take a moment to share with you… Read More

December 22, 2016 @ 5:02 pm By Samantha Hurst  |  

Earlier this week, CEO of online lender SoFi, Mike Cagney, sat down with Caroline Hyde on “Bloomberg Technology” to discuss the platform’s plans for 2017 along with revealing details about the lender’s competitors. SoFi, which was founded in 2011, currently offers various types of lending options…. Read More

December 21, 2016 @ 1:10 pm By JD Alois  |  

Total US revolving debt (think credit cards and more) is nearing $1 trillion. This sector of credit is growing rapidly at around 7% a year. Simultaneously, there is an emerging generation of consumers that is highly mobile, technologically savvy, and extremely skeptical of traditional financial… Read More

December 18, 2016 @ 8:10 am By JD Alois  |  

Fitch shared last week its intent to rate SoFi’s RMBS transaction that included 270 loans with a total balance of approximately $168.79 million. The group of loans consists of prime fixed-rate mortgages originated on the SoFi online lending platform. The presale report was pretty positive… Read More

December 17, 2016 @ 2:59 pm By Samantha Hurst  |  

Earlier this week, fintech firm Even Financial announced it increased loan originations by 205% quarter over quarter since the beginning of 2016 and surpassed $1.5 billion in loan requests. The company has experienced solid growth since it was founded in 2014. Even Financial is aiming… Read More

December 15, 2016 @ 9:40 am By Samantha Hurst  |  

EstateGuru, a peer to peer lender based in Estonia, announced on Thursday its average historic return reached the level 13.4% (since December 2014), which the platform claims to be the highest return among crowdfunding platforms for secured property loans. The online lender’s founder and CEO Marek… Read More