Tagged: securitization

LendInvest Reports Largest Securitization Ever at £410 Million of Loans

LendInvest (LSE:LINV) says it has completed its largest securitization ever at £410 million of mortgage loans (Mortimer BTL 2023-1). This is the fifth securitization completed by the Fintech for BTL (Buy to Let) mortgage loans. LendInvest is a short-term loan originator that has done well… Read More

Egyptian Fintech MNT-Halan Closes $130M Securitization

MNT-Halan has reportedly closed a $130 million securitization. As Egypt’s “first” unicorn and “fastest-growing” fintech, they’ve now “raised over US$ 400m in 2023, and target US$ 550 by the year’s end.” MNT-Halan has closed five tranches of securitized bond issuances “through its microfinance and consumer… Read More

UK’s TAB, the Real Estate Finance and Investment Firm, Completes Private Securitization Facility

TAB, the real estate finance and investment house set to have a £500m loan book in 2024, has completed a private securitisation facility with NatWest and Atalaya Capital Management of “up to £300m to support TAB’s lending products.” Both funding partners support TAB’s commitment to… Read More

Swiss B2B Fintech GenTwo Raises Series A led by Point72 Ventures

GenTwo, a Swiss-based B2B Fintech platform specialized in securitization of bankable and non-bankable assets, announced that it has raised a USD 15 million Series A led by US-based Point72 Ventures. In conjunction with the investment round, Pete Casella, Senior Partner and Co-Head of Fintech investments… Read More

Figure Technologies, which Enhances Financial Services by Leveraging Blockchain Tech, Closes HELOC Securitization

Figure Technologies Inc., a firm focused on transforming financial services through the power of blockchain technology, announced “the close of a HELOC (home equity line of credit) securitization underwritten by Jefferies, Goldman Sachs, and J.P. Morgan.” The FIGRE 2023-HE1 asset-backed securities (ABS) offering “was comprised… Read More

Kiavi Closes $158M Revolving Securitization of Residential Transition Loans

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Kiavi, a provider of financing to real estate investors (REIs), announced it closed an approximately $158 million, 12-month-term revolving securitization of unrated residential transition loans (RTL). This is the eleventh broadly syndicated securitization transaction by Kiavi “under its LHOME shelf since it began its securitization… Read More

WebBank Invests $250M in Avant to Support Credit Card Program

WebBank recently announced that it has committed to invest up to $250 million in the obligations of a securitization structure supported by Avant that are “secured by credit card receivables.” The investment will be used “to meet the continuing demand and growth of the Avant®… Read More

Sonovate Announces £165M Securitization with BNP Paribas, M&G Investments

Sonovate, the provider of embedded finance and payment solutions for the contingent workforce, announced that it has completed a securitization deal with BNP Paribas and M&G Investments, “adding £165 million to its funding structure.” The deal is “an endorsement of Sonovate’s position as a Fintech… Read More

Kiavi Reports $218 Million Securitization of Residential Loans

Kiavi, an online lending platform serving real estate investors, has announced the securitization of $218 million in unrated residential transition loans (RTLs). Nomura Securities International was the sole structuring agent of this securitization with Nomura, Barclays Capital and Performance Trust Capital Partners, joint book-runners and… Read More

Kiavi Finalizes $271M Revolving Mortgage Backed Securitization

Kiavi Funding, Inc., a provider of financing to real estate investors (REIs), announced it has closed a $271 million revolving securitization of “unrated residential transition loans.” This is the eighth broadly syndicated securitization transaction supported by Kiavi “since it began its sponsored revolver securitization program… Read More

Steven L. Schwarcz, Professor of Law and Business at Duke University, Shares Insights on NFTs, Tokenization

Steven L. Schwarcz, a Stanley A. Star Distinguished Professor of Law & Business at Duke University School of Law, notes that in the paper, titled Next-Generation Securitization: NFTs, Tokenization, and the Monetization of ‘Things’ (forthcoming in the Boston University Law Review), he has looked at the surge… Read More

Reigo, a Proptech Firm, Closes $100M Loan Securitization, Welcomes $13M Series A

Reigo Investments, a global financial real estate technology company, today announced it has closed a $100 million securitization of residential bridge loans led by Cantor Fitzgerald. The transaction marks the company’s second securitization completed since June 2021- a figure it has now doubled to $200… Read More

Boost Receives A1 Rating for Securitized Malaysian Receivables

Boost has announced that its “maiden tranche” of Senior Class A Medium Term Notes (MTN) has been rated A1 by Malaysia-based, RAM Rating Services Berhad (RAM Ratings). Boost states that it is now the first fully digital regional financier to receive an investment-grade A1 rating… Read More

With “Looming” Regulatory Enforcement, Compliant NFT Securitization Comes “Front and Center” with GUARDD, Dalmore and PPEX

The US Securities and Exchange Commission (SEC) is watching. It likely will not be long before the first enforcement action against a Non-Fungible Token (NFT) issuer is announced. The 80+ enforcement actions the regulators have taken to date on cryptocurrency, digital assets, and Initial Coin… Read More

Pontoro Secures $6M+ via Seed Round for Infrastructure Financing Digital Asset Platform

Pontoro, the financial tech firm focused on creating the first institutional-grade digital asset securitization and liquidity platform to address “the $15 trillion shortfall in infrastructure debt finance by enabling broader investor participation,” has announced a $6 million preferred seed round that was led by Ulu… Read More

Lithuania based Debitum, a Borderless Financing and Investment Platform, Shares Product Updates

Lithuania-based Debitum, a borderless financial platform, is pleased to report that their new product on the market “Easy Invest“ has officially been launched. With this new product, Debitum offers investors the same tools that professional investors have been using for a long time – “a… Read More

Affirm Securitizes $500 Million of BNPL Loans

Affirm (NASDAQ:AFRM) has announced the securitization of $500 million worth of BNPL loans. The transaction is Affirm’s third securitization of 2021, the sixth since it launched its program in July 2020. According to a release, the offering included five classes of fixed-rate notes: Class A,… Read More

Lithuania based Debiitum, a Borderless Financing Platform, Reports 7,000+ Users, $8M in Deposits

The team at Lithuania-based financing platform Debitum recently published their platform statistics update for June 2021. As noted in a blog post by Debitum, the month of June was a relatively calm or quiet month for the platform. However, their team continued working hard to… Read More

Switzerland’s B2B Banking Solution Provider InCore Bank Launches Comprehensive Crypto Service

Switzerland’s InCore Bank, the B2B banking solution provider, reveals that it has launched a comprehensive crypto-asset service. The securitization solution, called CRYSP, was developed with assistance from GenTwo Digital, a provider of innovative securitization platforms for crypto-assets. The solution enables fund managers, whether they’re from… Read More

College Ave Announces $385 Million Securitization Completion

    Student loan marketplace, College Ave Student Loans, announced on Tuesday it has completed a $385 million securitization of private student loans, its fourth securitization and largest to date. According to College Ave, the CASL 2021-A transaction was completed in February 2021 and saw… Read More