Tagged: asset-backed

OnDeck Announces $100 Million Revolving Credit Facility Closing

Online lending platform for small business OnDeck announced last week the closing of a $100 million asset-backed revolving credit facility with Pioneers Gate LLC, a lending vehicle of a life insurance company managed by 20 Gates Management. According to OnDeck, the new facility provides the longest revolving funding… Read More

Digital Asset-Based Lender InterNex Capital Secures $3.95 Million During Oversubscribed Seed Offering

Digital asset-based lender InterNex Capital (InterNex) announced on Thursday it secured $3.95 million during its recent oversubscribed seed funding round. Founded in May 2015 by former GE Capital senior executives and fintech experts, InterNex’s digital lending platform notably offers small and mid-sized businesses an optimized… Read More

Ablrate Receives Full FCA Authorization & Begins Expansion

Ablrate, the online lender that specializes in asset-backed transactions, announced it has received full authorisation from the Financial Conduct Authority (FCA) and is beginning its expansion.  Sharing details about the authorization, David Bradley-Ward, CEO at Ablrate, stated: “Full authorisation is something that the team has worked… Read More

YieldStreet’s President Michael Weisz Discusses Growth & Future Plans For the Asset-Backed Investment Platform

YieldStreet is an online marketplace for a diverse array of asset-backed investments. The platform was founded by CEO Milind Mehere who previously launched Yodle; President Michael Weisz, who was formerly a Vice President of a New York City-based hedge fund; and Dennis Shields, Chairman of YieldStreet,… Read More

Asset Backed Finance Jumps to £4.3 Billion in the UK

Alternative finance using asset-backed lending has hit a record high of £4.3 billion – up  22% versus year prior.Total asset-based finance hits £20.7 billion, another all-time high, as the Government Bank Referral Scheme kicks in. Nine of the UK’s  biggest banks will be required to pass… Read More

Send this to a friend