Tagged: securitization

LendInvest Completes 2nd Securitization in Oversubscribed Offer of BTL Mortages

Property finance platform LendInvest has completed its second securitization that was said to be oversubscribed during a time of intense volatility. LendInvest said that it securitized £285 million of prime buy to let (BTL) loans – 9 months after its first securitization. The first securitization… Read More

Fast Growing Figure Reports Completion of First Asset-Backed Securitization on Blockchain, Saves Over 100 BPS

Calling it a turning point for the blockchain sector, Figure has completed the first asset-backed securitization using blockchain. The transaction reportedly saved over 100 basis points thus representing a dramatic cost reduction. In a world populated with thousands of blockchain-focused firms, Figure represents a prominent… Read More

Provenance Blockchain: A One-Stop Shop for Token Issuance and Compliance?

As the “public blockchain” space is being tempered now by market forces, regulation and reality, companies running or looking to set up an investing platform or manage token issuance may want to take a look at the Provenance Blockchain, a privately-developed DLT (distributed ledger technology… Read More

Pagaya Completes 5th Securitization, Tops $1.2 Billion in Assets Under Management, Originations Rise 300%

Pagaya, an artificial intelligence (AI) powered investment manager, has closed on its 5th capital markets transaction this year for a $200 million asset-backed security. Pagaya reports that it now has $1.2 billion in assets under management (AUM) having risen a solid 300% this year. Pagaya’s… Read More

Funding Circle Unveils £250 Million Securitization of SME Loans With Waterfall Asset Management

Funding Circle lobby

Marketplace lending company Funding Circle (LSE:FCH) recently unveiled its £250 million securitization of SME loans with Waterfall Asset Management. The duo reported that the portfolio brings the total amount of UK Funding Circle loans securitized to £1 billion and the deal will notably open up… Read More

Fintech Pagaya Closes on ABS $200 Million, Tops $500 Million in Total Issuance: “Pagaya Pulse” Uses AI to Deliver Returns

Pagaya has closed on a $200 million consumer credit asset-backed security (ABS) fully-managed by its AI. This transaction is Pagaya’s largest to-date and the fourth this year, bringing the Fintech’s issuance to $515 million in the first nine months of 2019, according to a note… Read More

College Ave Student Loans Completes $300 Million Securitization of Private Student Loans

Student loan marketplace, College Ave Student Loans, announced on Tuesday it has completed a $300 million securitization of private student loans, its third securitization and largest to date. According to College Ave, the transaction was oversubscribed attracting a broad and diverse group of repeat investors and… Read More

LendingPoint Completes $178 Million Inaugural Personal Loan Securitization

LendingPoint announced on Wednesday it has closed its inaugural securitization of consumer loans. The company reported that the securitization, LendingPoint Receivables Trust 2019-1 (LDPT2019) issued a total of  $177.85 million of notes backed by a pool of $187.22 million of direct-to-consumer loans originated on the… Read More

Funding Circle Announces Completion of $198 Million ABS Securitization

Marketplace lending company Funding Circle (LSE:FCH) announced on Wednesday it has completed its first asset-backed securitization (ABS) of US small business loans originated through its platform. According to Funding Circle, a total of $198 million was raised through the securitization, which marks “the debut of… Read More

LendInvest Completes £259 Million Securitization Transaction

LendInvest, a UK-based online marketplace for mortgages, announced on Monday it has securitized £259 million of UK prime Buy-to-Let mortgage loans in an oversubscribed RMBS transaction. LendInvest claims it is the UK’s first marketplace platform to securitise its own assets and the securitization received an… Read More

Credibly Announces Investment Grade Senior Debt Offering

Less than six months after announcing the first rated securitization of its receivables portfolio, Credibly, a small and medium-sized business lending platform, announced the next phase in its balance sheet growth strategy by launching a $10 million investment grade-rated senior debt offering. The transaction closed late… Read More

Kabbage Completes $700 Million Securitization

Global financial service platform Kabbage announced on Monday it has closed a $700 million securitization. The company claimed it was the largest asset-back securitization (ABS) by a small business online lending platform to date. According to Kabbage, the oversubscribed transaction saw strong demand from both new… Read More

Online Lender Upgrade Closes $225 Million Securitization backed by Personal Loans

Upgrade, an online lender in the consumer credit sector, has closed its second securitization of personal loans. Upgrade Receivables Trust 2019-1 (UPGR 2019-1) issued $225 million in notes backed by personal loan assets facilitated through the Upgrade platform. The Upgrade Receivables Trust securitization was rated… Read More

Juncker Plan: €360 Million Investment for Spanish SMEs will Use Hyperledger Blockchain Tech

The European Commission (EC) recently announced a European investment plan designed to boost access to capital to Spanish SMEs and “midcap investment projects.” The plan is for the European Investment Bank Group and BBVA to provide €360 million for these smaller businesses. A €60 million “synthetic… Read More

CMU: Common Securitization Rules Kick in on January 1st in the European Union

As part of the Capital Markets Union (CMU), updated rules for securitization will commence on January 1st, 2019 in the European Union (EU). The new “harmonized” rules are designed to streamline the process of financial services firms to leverage securitization to boost access to capital…. Read More

BBVA & EIB Group Sign Synthetic Securitization in Blockchain of €1 Billion

BBVA and the European Investment Bank Group (EIB) announced on Thursday they have signed a synthetic securitization of €1 billion. According to the duo, this agreement is an innovative financing operation and it is claimed the first synthetic securitization to be supported by blockchain technology in the European Union (EU)… Read More

CommonBond Completes Another AAA Securitization of $399.2 Million In Total Loans

CommonBond, an online lending platform servicing the student loan market,  announced on Thursday it has completed another securitization of $399.2 million in total loans. According to CommonBond, the securitization received AAA ratings from Moody’s and DBRS. The transaction was the lender’s eighth and brings its total securitized loan… Read More

Upgrade Securitizes $282 Million of Personal Loans

Online lender Upgrade, Inc., has closed on its inaugural securitization of personal loans. According to the Fintech, Upgrade Receivables Trust 2018-1 (UPGR 2018-1) issued approximately $282 million in notes to nearly 20 banks and asset managers. Credit Suisse and Jefferies acted as joint lead underwriters, and… Read More

College Ave Student Loans Announces Completion of Second Successful Securitization

Student loan marketplace, College Ave Student Loans, announced on Tuesday it has completed a $199 million securitization of private student loans, its second successful securitization. According to the platform, the CASL 2018-A transaction completed over the summer, achieved higher ratings than College Ave’s inaugural securitization,… Read More

Online Lender CommonBond Issues 2nd AAA Rated Securitization

Online lender CommonBond has issued its second AAA rated securitization from Moody’s and DBRS. This is the largest securitization for CommonBond yet at $292 million of total collateral. This was the second securitization for 2018 and the 7th overall bringing the total to $1.5 billion…. Read More

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