Tagged: marketplace lending

RiverNorth Marketplace Announces Investment Strategy & Name Changes

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced last week it is restructuring to expand the fund’s investment mandate, the Board of Directors of the Fund (the “Board”) has approved changes… Read More

PeerStreet Celebrates Being Named One of the Top 25 Fastest Growing Companies By Deloitte

PeerStreet, a leading platform for investing in real estate backed loans, announced on Monday it celebrated being named one of the top 25 fastest growing companies by Deloitte. The platform revealed the exciting news last fall the ranking is based on fiscal-year revenue growth over… Read More

Australian Consumer Marketplace Lender SocietyOne Announces Warehouse Facility & $15 Million Investment

Australia-based marketplace lender SocietyOne announced on Monday it has established a warehouse facility arranged by NAB, alongside securing $15 million through its recent equity raise, to support growth. According to SocietyOne, the warehouse facility is also scalable to support the lender’s continued growth, as borrowers… Read More

Marketplace Lending: Fitch Upgrades Prosper Notes

Fitch Ratings has upgraded the rates on several notes that are backed by loans from marketplace lending platform Prosper. According to Fitch, the ratings on the Class B and Class C Series 2018-1 (PMIT 2018-1) notes have improved due to the “growth in hard credit… Read More

RiverNorth Marketplace Announces Repurchase Offer Final Results

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Thursday the final results of its repurchase offer for up to 5%, or 330,914 of its outstanding common shares. The repurchase offer… Read More

RiverNorth Marketplace Lending Announces Monthly Distributions of $0.18 Per Share

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Monday the declaration of monthly distributions of $0.18 per common share for the months of January, February and March 2020. It was… Read More

Smart Lenders AM Launches New Investment Fund Specialized in Marketplace Lending

Smart Lenders AM announces the upcoming launch of a new fund dedicated to financing loans to European SMEs issued through marketplace lending platforms (crowdlending). Smart Lenders AM is an asset management firm that specializes exclusively in financing loans issued by online marketplace lenders. Established in… Read More

RiverNorth Marketplace Lending Announces Final Results of Repurchase Offer

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Thursday the final results of its repurchase offer for up to 5%, or 349,075 of its outstanding common shares. RiverNorth reported that… Read More

RiverNorth Marketplace Lending Announces Monthly Distribution of $0.18 Per Share

Money Benjamin Dollars 100

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Tuesday its monthly distribution of $0.18 per common share for the months of October, November, and December 2019. According to RiverNorth, the… Read More

LendInvest Joins Brilliant Solutions’ Lender Panel For Buy-to-Let Mortgage Product Distribution

LendInvest, a UK-based online marketplace for mortgages, announced on Thursday it has joined mortgage club Brilliant Solutions’ lender panel in order to bring its Buy-to-Let (BTL) mortgage product distribution to a wider network of brokers.  LendInvest claims that Brilliant Solutions is an “industry expert” in… 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

Lendio Franchising Facilitates $50 Million to Small Businesses

Lendio Franchising, Lendio’s marketplace lending franchise program, announced on Tuesday it has facilitated $50 million in loans to over 1,800 small businesses around the U.S. According to Lendio, the  loans through the franchise provide a boost to small businesses in industries ranging from healthcare to… Read More

Prosper Unveils Second Quarter 2019 Financial Results

Leading marketplace lending platform Prosper announced on Tuesday the release of its Second Quarter 2019 Financial Results. Prosper reported that during the quarter personal loan originations increased 27% compared to the first quarter of 2019, and the online lender has now generated positive adjusted EBITDA… Read More

RiverNorth Marketplace Lending Announces Preferred Dividend

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Tuesday its 5.875% Series A Term Preferred Stock. The Board of Directors of RiverNorth Marketplace Lending Corporation has declared a Series A… Read More

LendInvest Announces Fifth Consecutive Year of Profitability as Growth Continues: More than £2 Billion in Cumulative Originations

LendInvest, an online marketplace for mortgages, announced on Tuesday it has reported a period of strong growth and significant operational and strategic progress for the year, ending on March 31st. The online lender revealed the following: Financial highlights: Platform revenue increased 36% to £72.7m (FY18:… Read More

Prosper Announces 2019 First Quarter Financial Results

Leading marketplace lending platform Prosper announced on Monday the release of the financial results for the first quarter of 2019. Prosper reported that during the quarter it closed its second warehouse facility with $300 million in commitments, providing the company with $500 million in total… Read More

RiverNorth Marketplace Lending Announces Preferred Dividend

Money Benjamin Dollars 100

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Tuesday it has declared a Series A Preferred Stock cash dividend for the second quarter of 2019 of $0.3672 per share of… Read More

German Lending Marketplace auxmoney Overtakes Midsize Banks in Consumer Loan Origination

Düsseldorf-based Fintech auxmoney has surpassed its targets in 2018. Loan volume increased by 74 percent compared to 2017. Raffael Johnen, Founder and CEO of auxmoney, commented: “While the major German banks are in crisis mode, the leading German fintechs are always setting new records. With… Read More

LendInvest Announces Multiple Hires in Capital Markets & Treasury Teams

UK-based marketplace lending platform LendInvest announced last week it has expanded both of its capital markets and treasury team with four new hires. According to the online lender,the hires are part of an effort to continue to build up LendInvest’s in-house capital markets capabilities, as… Read More

Money360 Milestone: Surpasses $1 billion in Loans Originated & Closed

Money Benjamin Dollars 100

Real estate marketplace lender Money360 announced on Monday it has surpassed $1 billion in loans originated and closed since inception. The announcement comes just 11 months after the lending platform revealed it had hit $500 million. Launched in 2014, Money360 is described as a vertically-integrated, nationwide… Read More

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