Tagged: debt

February 4, 2020 @ 1:03 pm By Samantha Hurst  |  

The European Investment Bank (EIB) announced on Tuesday it has signed a €20 million venture debt deal with digital money transfer service, Azimo. EIB reported that the financing is supported by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan… Read More

July 15, 2019 @ 8:42 am By Samantha Hurst  |  

Lendbuzz, a U.S.-based fintech company that aims to disrupt the existing car financing market using machine learning algorithms, announced on Monday it secured $150 million in debt and equity financing. The company reported that this latest funding round was led by 83North with significant participation from existing… Read More

March 19, 2019 @ 10:52 am By Samantha Hurst  |  

Progressa, a Vancouver-based fintech company that is focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it has surpassed the $100 million milestone in funded loans for underserved Canadian consumers. The company reported since 2013, Progressa has helped… Read More

November 7, 2017 @ 3:51 pm By Samantha Hurst  |  

Online lending platform SoFi announced on Tuesday it has launched its Refi and Relax campaign, which the lender explained is on a mission to educate graduates on their refinancing options as a way to relieve the overwhelming stress that comes with carrying student debt. The… Read More

August 23, 2017 @ 9:03 am By Samantha Hurst  |  

On Tuesday, global crowdfunding platform GoFundMe announced its community has raised more than $375,000 to eliminate school lunch debt. According to the funding portal, its users have started these campaigns to pay off the accounts of children whose families couldn’t afford them. It was noted… Read More

July 3, 2017 @ 11:48 am By Samantha Hurst  |  

Fineqia International Inc. (CSE: FNQ) (OTCPink: FNQQF) (Frankfurt: FNQA) has announced today that its U.K. subsidiary Fineqia Limited is launching a beta version of its new debt and equity platform that brings crowd investors selected and risk-mitigated opportunities, many of which were previously only available to… Read More

March 15, 2017 @ 4:42 pm By Samantha Hurst  |  

Los Angeles-based fintech startup ProducePay has secured $7 million in equity and $70 debt during its recent financing round, which was led by CoVenture with participation from Menlo Ventures, Arena Ventures, Red Bear Angels, and Social Leverage. ProducePay, which was founded in 2014, describes itself… Read More

November 17, 2016 @ 11:34 am By Samantha Hurst  |  

Goldman Sachs (NYSE:GS) has launched its first advertising campaign that is aiming towards those in need of getting out of their credit card debt and looking for a fixed-rate, lower-cost personal loan. According to CNBC, The new 15 and 30-second campaign ad will appear on various video… Read More

February 20, 2016 @ 12:02 pm By Samantha Hurst  |  

Following the launch of a fan running GoFundMe campaign to help Kanye West, sources close to reportedly “debt-stricken” musician revealed that he won’t be taking ANY of the funds from the initiative. The organizer of the campaign, Jeremy Piatt, revealed to TMZ that he was contacted by… Read More

February 17, 2016 @ 1:24 pm By Samantha Hurst  |  

Following Kanye West stating on Twitter that he is $53 million in debt, fans of the hip hop recording artists are hitting crowdfunding platform GoFundMe to help get him “back on his feet.” The campaign, which was organized by Yeezy fan, Jeremy Piatt, reads: “Recently, Kanye… Read More

December 31, 2015 @ 9:19 am By Samantha Hurst  |  

Ready to ring in the new calendar year with positive thoughts and motivation, debt and equity based crowdfunding platform, Invesdor unveiled more details about its success throughout 2015. The Helsinki-based website shared: “Over the last 12 months, Invesdor has grown. So has the European crowdfunding scene…. Read More

December 10, 2015 @ 12:05 pm By Samantha Hurst  |  

CommonBond, a marketplace lending platform that lowers the cost of student loans for borrowers and provides financial returns to investors, announced on Tuesday it is set to provide each company employee up to $100 every month, or $1,200 each year, to help pay down their loans…. Read More

July 7, 2015 @ 2:03 pm By Samantha Hurst  |  

Last week, Londoner named, Thom Feeney, has launched a nine-day crowdfunding campaign on Indiegogo to raise €1.6 billion so that the small country’s residents can be free of the crazy debt. The campaign read: “All this dithering over Greece is getting boring. European ministers flexing their muscles and posturing over whether… Read More

June 30, 2015 @ 12:29 pm By Samantha Hurst  |  

In order to save Greece from its bad financial situation, a young Londoner named, Thom Feeney, has launched a nine-day crowdfunding campaign on Indiegogo to raise €1.6 billion so that the small country’s residents can be free of the crazy debt. Last week, the country missed its €1.6 billion ($1.8… Read More

April 14, 2014 @ 2:02 pm By Charles Luzar  |  

Lending Club CEO Renaud Laplanche spoke with The Street recently about Lending Club’s growth and long-term goals as a platform. He didn’t shy away from the platform’s ultimate goal, which is to disrupt and bring increased efficiency to the banking sector. He also spoke briefly… Read More

April 7, 2014 @ 10:44 am By Charles Luzar  |  

Lending Club will make a change to their platform that will result in the removal of daily loan origination data across the platform. They’ll instead opt to share data on a quarterly basis. The announcement came via Lending Club’s blog… Instead of posting new issuance… Read More

April 5, 2014 @ 6:55 pm By Barry E. James  |  

It’s growing up fast. As crowdfunding hits what I suppose you might call it’s second official birthday on 5th April – Global Crowdfunding Day (#GlobalCFDay) – it may have a dose of the “terrible twos.” It’s certainly disruptive enough. It’s not toddling but racing away. Now… Read More

April 4, 2014 @ 12:21 pm By Charles Luzar  |  

$1 billion in loans 3,000% growth in eight years 118,000 personal loans issued Over 75,000 investors Over 93,000 borrowers 47 states Its been a long road since the first loan in 2006. Since then the $1 billion dollars issued through Prosper went towards helping people… Read More

March 17, 2014 @ 10:19 am By Charles Luzar  |  

According to Lending Memo’s Simon Cunningham, Lending Club is planning to crack down on third party tools making use of screen scrapers. More specifically, Cunningham points to tools that automatically invest on behalf of the user by faking that user’s actions. Note that screen scraping… Read More

March 12, 2014 @ 9:35 am By Charles Luzar  |  

Wells Fargo has reversed a ban on employees participating in the peer-to-peer lending arena after the announcement of the measure garnered international attention. Related – Wells Fargo To Employees: No Peer-To-Peer Loans According to the San Francisco Business Times, Wells Fargo spokesman Ruben Pulido clarified that “The original… Read More