Tagged: profitability

UK’s Asset-backed P2P Lender Ablrate Reports Third Year of Profitability, Platform Generated £93,000 in Profits in Latest FY

Asset-backed lending platform Ablrate has recorded its largest full financial year (FY) profits to date, even though there was a significant decline in turnover following the COVID-19 outbreak. As first reported by P2P Finance News, Ablrate’s owner, Aviation and Tech Capital, reveals that the P2P… Read More

UK’s Invoice Financing Platform MarketFinance Reports Reaching Profitablity, Kicks Off 2021 with Considerable Increase in Lending

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, has reported reaching profitability as it returns a record start to the year. The Fintech business lender has reportedly started the year off with a considerable increase in lending volumes. MarketFinance has disbursed… Read More

Digital Banking: London based Fintech Unicorn Revolut Breaks Even for the Month of November 2020

Prominent digital bank Revolut, which was last valued at around $5.5 billion, has reportedly managed to break even for the month of November 2020. Fintech Unicorn Revolut’s revenues had dropped as much as 40% when awareness about the Coronavirus pandemic began to spread back in… Read More

San Francisco-based Crypto Exchange Coinbase Has Generated Nearly $2 Billion in Transaction Fees Since its Launch in 2012

Brian Armstrong, CEO of San Francisco-based crypto exchange Coinbase, revealed recently that the leading digital currency trading platform has generated almost $2 billion in transaction fees since it launched in 2012. Armstrong, whose comments came during Vanity Fair’s New Establishment Summit on October 23, sad… Read More

As The Number Of Platforms Decreases, The True Leaders Will Rise: Q&A With Vincent Bradley, CEO Of FlashFunders

  For a company that launched less than a year ago, FlashFunders has made its presence known as one of the first equity crowdfunding platforms allowing startups to manage and execute their whole seed funding round online. The company is also one of the first broker-dealers approved by… Read More

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