Tagged: online lending

September 8, 2016 @ 5:57 am By Erin Hobey  |  

The word on the street is that one of the US’ largest online lenders, SoFi, is pitching a new $500 million fundraising effort, according to the WSJ; the San Francisco-based privately held lender helmed by CEO Mike Cagney will reportedly use the funding for new growth initiatives among mass-market borrowers and… Read More

August 19, 2016 @ 9:24 am By Erin Hobey  |  

“Marcus, I’d like a small consumer loan.” No, users will not be going to a teller to ask for a loan from Goldman Sachs‘ much anticipated online lending platform. Rather the name is meant to establish a sense of familiarity, like being on a first name basis… Read More

July 12, 2016 @ 4:43 pm By Erin Hobey  |  

Small businesses play a large part in the city.  Today marked the launch of For New York, a new online magazine from online lender Bond Street to spotlight the importance of these small businesses by interviewing their founders and owners.  Founded in New York City in 2014, Bond Street has… Read More

June 15, 2016 @ 2:21 pm By Erin Hobey  |  

As expected, more and more brick and mortar operations are casting wider nets for clients, by utilizing fintech and offering more and more of their services online.  Raleigh-based Sageworks, a financial information company that provides loan portfolio and risk management solutions to banks and credit unions,… Read More

June 13, 2016 @ 7:56 am By Erin Hobey  |  

Armed with an undergraduate degree in Electronics from Dharmsinh Desai University and MBAs from both the Indian Institute of Management, Bangalore and McGill University, Jaidev Janardana spent 12 years with Capital One, in the US and the UK. He was the CMO for Capital One UK, responsible… Read More

May 5, 2016 @ 11:54 am By Erin Hobey  |  

Online small business lending platforms OnDeck (NYSE: ONDK), Kabbage and CAN Capital – today announced the formation of the “Innovative Lending Platform Association,” which will focus on advancing small business online lending education, advocacy, and best practices.  Together the three founding companies have provided access to… Read More

April 19, 2016 @ 1:32 pm By Erin Hobey  |  

  Online lending platform Avant announced today it has recruited the key technical teams of two local technology startups, StudyCloud and TempoIQ, to support the company’s next phase of growth. Avant recently surpassed $3 billion in loan originations and as growth continues for 2016, acqui-hires have become… Read More

April 14, 2016 @ 9:45 am By Samantha Hurst  |  

Offering up an insight on China’s market growth, China Rapid Finance’s CEO, Dr. Zane Wang, spoke at the LendIt USA 2016 conference that China has become the largest and fastest-growing online lending market in the world. Wang explained that the China market has huge potential and growth opportunities,… Read More

April 5, 2016 @ 11:26 am By Erin Hobey  |  

Santander UK, a subsidiary of Grupo Santander, one of the ten largest banks in the world,  announced its intention to license the Kabbage Platform to power automated SMB lending throughout the United Kingdom. “There is incredible potential to shape the next generation of business lending… Read More

March 31, 2016 @ 9:16 am By Erin Hobey  |  

Canada’s growing fintech space saw online lending platform, Lendified Inc., join forces with Vancouver-based Mentio Technologies, a platform specializing in automated cash flow forecasting. For Lendified, which offers online loans to Canadian small business owners, the acquisition marks an expansion into global markets as Mentio’s multi-currency technology serves customers… Read More

March 3, 2016 @ 12:01 am By Erin Hobey  |  

Bond Street, an online lending platform for small businesses, and ICB, the world’s largest bookkeeping membership organization, today announced a partnership to offer ICB USA members a “fast and affordable financing solution” for their clients, according to the release. The collaboration will enable ICB bookkeepers to… Read More

March 1, 2016 @ 6:02 am By Erin Hobey  |  

LendInvest, a leading short-term property finance lender, has confirmed that it is still accepting applications for loans to finance purchases that could complete before the 3% Stamp Duty Land Tax increase that comes into effect for landlords and developers on 1 April. LendInvest has avoided… Read More

February 11, 2016 @ 4:34 am By Erin Hobey  |  

Mumbai-based P2P lending fintech startup, Capzest, has raised $200K in seed funding from LionVentures, a seed investment and innovation platform founded by Anurag Mehrotra founder of LionVentures; Varun Dua, co-founder and CEO of Coverfox; Amit Tambe, former senior partner of Trilegal India and Vikas Jhunjhunwala, a Mumbai-based textile businessman reported VC Circle…. Read More

February 9, 2016 @ 10:01 am By Erin Hobey  |  

National Funding, a private lenders of small business loans, today announced that industry veteran Geoff Howard has joined its executive team as Executive Vice President of Technology. Howard joins National Funding from Intuit during the company’s fastest-growth period, which has experienced a 172% revenue growth surge… Read More

February 9, 2016 @ 4:11 am By Erin Hobey  |  

Bond Street, an online lending platform for small businesses, and Booker, an all-­in-­one local service commerce platform, today announced a partnership to provide fairly­priced lending capital to help facilitate the growth of companies on the Booker platform. “Bond Street shares Booker’s mission to minimize the… Read More

February 3, 2016 @ 1:36 am By Midori Yoshimura  |  

German online lending platform Spotcap has successfully closed its third financing round, according to the company’s recent press release. The Berlin-based financial technology company raised EUR 31.5 million in new funding led by international private equity firm, Finstar Financial Group, with participation from previous investor Holtzbrinck Ventures…. Read More

January 21, 2016 @ 4:49 am By Erin Hobey  |  

Online lender Elevate Credit Inc. has postponed its initial public stock offering due to difficult market conditions, reported the Wall Street Journal. The firm was slated to price its initial public stock offering Thursday. Based in Fort Worth, Texas, Elevate Credit makes unsecured personal loans to subprime borrowers. In 2014, Elevate was spun out… Read More

December 17, 2015 @ 1:20 pm By Erin Hobey  |  

To help minority-owned small businesses navigate the evolving lending landscape and secure the right financing they need to grow, Funding Circle, a leading marketplace for business financing, has partnered with the Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce. This news… Read More

December 9, 2015 @ 11:48 am By Erin Hobey  |  

National Funding, a private lenders of small business loans, announced that it signed a $75M lending facility with CapitalSource, a division of Pacific Western Bank.  The platform also forecasted a record-breaking 2015 in revenue, funding, employee count and office growth. The company also “This past year has been a robust… Read More

December 1, 2015 @ 1:11 pm By Erin Hobey  |  

Five years ago, fintech trailblazer Peter Renton launched Social Lending Network which rebranded to Lend Academy in 2012. On his blog Renton reflects on industry changes during the half-decade. “Back in November 2010, Lending Club had issued less than $200 million in total loans and was focused primarily on retail… Read More