Tagged: alternative lending

September 18, 2020 @ 7:33 pm By Omar Faridi  |  

Lizzie Chapman, CEO and co-founder at ZestMoney, which claims to be one of the largest and fastest-growing Fintech firms in India, recently discussed what she considers the future of lending in a post COVID world. She acknowledges that this has been one of the most… Read More

July 16, 2020 @ 10:55 pm By Omar Faridi  |  

Robo.cash has revealed that peer-to-peer (P2P) investors on its platform have increased the size of their initial investments despite the COVID-19 outbreak and resulting economic challenges. The European P2P lending platform has reported that the first investment made by investors increased from £822 to €909… Read More

August 17, 2018 @ 8:57 am By Samantha Hurst  |  

Biz2Credit recently announced the results of its latest small business lending index, which revealed that small business loan approval rates for big banks reached another high point in July 2018. The index notably examines more than 1,000 credit applications made by small businesses through Biz2Credit’s online lending platform. According… Read More

May 30, 2017 @ 5:01 am By Erin Hobey  |  

UK alternative lender Growth Street has revealed that 37.4% of its investors are under the age of 35, contradicting public figures who have chastised millennials for not thinking about saving and investment. Growth Street’s news follows comments made by property mogul Tim Gurner earlier this month…. Read More

January 17, 2017 @ 4:37 am By Erin Hobey  |  

UK-headquartered Platform Black Limited announced that it has rebranded as Sancus Finance Limited with immediate effect. The move comes as part of a strategic review of operations by Platform Black’s owners, GLI Finance Limited. The strategic review, designed to simplify GLI’s structure, included a transfer of its holdings… Read More

January 12, 2017 @ 7:22 am By Erin Hobey  |  

Loan approval rates at big banks ($10 billion+ in assets) and institutional lenders finished the year strong, improving to post-recession highs in December 2016, according to the most recent Biz2Credit Small Business Lending Index™, the monthly analysis of more than 1,000 small business loan applications on… Read More

August 9, 2016 @ 11:09 am By Samantha Hurst  |  

On Tuesday, Biz2Credit unveiled the findings of its recent small business lending index, which revealed that loan approval rates at big banks (over $10 billion in assets), alternative lenders, and credit union dipped in July 2016. CEO of Biz2Credit and who oversaw the research, Rohit… Read More

April 19, 2016 @ 11:50 am By Erin Hobey  |  

China’s Ping An group has its eye on becoming the fasting lending platform in China, planning to incorporate face recognition technology into its wealth management and other services which would require only six minutes to complete a loan application, according to a statement. The inhouse-developed technology… Read More

April 11, 2016 @ 7:00 am By Erin Hobey  |  

LendKey, a leading fintech company in the lending ecosystem, announced today the successful underwriting, origination, and deployment of more than $1 billion in lender capital to borrowers.  Private student loan and student refinancing opportunities contributed the lion’s share of deployment to LendKey, as borrowers accessed… Read More

September 24, 2015 @ 4:10 pm By Erin Hobey  |  

DriverUp, an online marketplace for automotive financing, announced its $20 million Series B round closing. The DriverUp marketplace gives accredited investors an opportunity to enter the $1 trillion auto lending industry and provides dealers with an expedited, streamlined credit process.  New investor SF Capital Group led the round joined by… Read More

September 17, 2015 @ 3:15 pm By Erin Hobey  |  

In late August, India’s banking industry came together for the FICCI’s FIBAC 2015 Conference, discussing regulation in the country’s burgeoning online finance space,  particularly within crowdfunding and peer to peer lending.  SS Mundra, Deputy Governor of the Reserve Bank of India, called for more regulations in the Economic… Read More

August 20, 2015 @ 10:52 am By Erin Hobey  |  

SocietyOne co-founder Matt Symons said yesterday there was a strong correlation between the lender’s $200 million in loan ­applications and traffic on the get­creditscore.com website — a partnership with the nation’s leading credit bureau, Veda, reported The Australian‘s Richard Gluyas. More than 75,000 people have used the… Read More

July 21, 2015 @ 1:28 pm By Erin Hobey  |  

Small business alternative lending company Merchant Cash and Capital (MCC) and its family of companies, including the newly launched Bizfi, announced the origination of more than $115 million in business financing in the second quarter of 2015. This represents a 79 percent increase from Q2 2014 and a more… Read More