Tagged: marketplace

Marketplace SaaS Platform Mirakl Secures $300 Million Through Latest Investment Round Led By Permira

Mirakl, a marketplace SaaS platform that empowers both B2B and B2C organizations to launch and grow an enterprise marketplace at scale, announced earlier this week it secured $300 million through its latest investment round, which was led by  Permira, with participation from long term investors… Read More

LendingClub: Research Indicates Consumers Pay Personal Loans Before Credit Cards, Reports that Repayment Rates are High

LendingClub (NYSE:LC), a top marketplace lender serving consumers, says two recent studies indicate that personal loan payments take priority over paying off credit cards. Of course, this is good news for LendingClub – a long time advocate of cheaper personal loans versus expensive credit card… Read More

Germany: SME Lender Creditshelf on Track for Substantial Growth During 2020

creditshelf Aktiengesellschaft, a marketplace lender serving German SMEs, reports that growth remains robust for its platform even during the ongoing COVID-19 challenge. According to creditshelf, a solid Q2 led to significant revenue growth of 41.6% during the first six months of 2020 when compared to… Read More

Fitch Launches Marketplace Loan Monitor, Cautions that Delinquencies May Rise

Fitch Ratings has announced a new service – the US Marketplace Loan Monitor.  Fitch reports that marketplace loan performance has been “relatively stable” but posits this could change in the coming months as “borrowers focus on priority loan payments.” As has been previously reported, marketplace… Read More

Smart Lenders AM Receives Equity Investment from Matmut

Smart Lenders AM, a firm that invests in marketplace lending, has received an equity investment from Matmut, according to a company release. Matmut is said to have been an investor in the Moonstone Lending Fund, the main investment vehicle managed by Smart Lenders. Matmut reportedly… Read More

Financial Services Marketplace For Online Platform Workers Cachet Secures €1.1 Million Through Latest Seed Round to Launch in New Markets

Cachet, the financial services marketplace for online platform workers, announced on Thursday it secured €1.1 million through its seed funding round, which was led by Icebreaker.vc with participation from previous pre-seed stage investors like Techstars (in a follow-on investment), Barclays and Lemonade Stand as well… Read More

Marketplace Lender auxmoney Receives €150 Million Equity Investment led by Centerbridge

Largest Fintech Funding Round in Eurozone for 2020 auxmoney, a Germany based marketplace lender, has raised € 150 million led by Centerbridge. In a note from the Fintech, auxmoney stated that existing VCs, including Foundation Capital, Index Ventures, and Union Square Ventures remain fully invested…. Read More

LendingClub CEO Scott Sanborn: We have been preparing for an adverse environment for the past several years

LendingClub (NYSE:LC) is the leading online consumer lender in the US and the first big Fintech lender to go public on the NYSE. Over $50 billion in lending has been originated on the platform that claims more than 3 million customers. The last few years… Read More

UK Money Transfer Marketplace Platform RemitRadar Now Seeking £400,000 Through Seedrs Campaign

RemitRadar, a UK-based money transfer marketplace, is now seeking £400,000 through its recently launched equity crowdfunding campaign on Seedrs. Founded in 2014, RemitRadar describes itself as a money transfer marketplace aggregating major money transfer systems to provide consumers with a “​one-stop “​ money transfer and… Read More

Online Insurance Marketplace Policygenius Launches Mobile App

Policygenius, a U.S.-based online insurance marketplace, announced on Tuesday the launch of its mobile app, which enables consumers to create wills and trusts conveniently on their phones. Consumers may also shop for life and home insurance from the app, creating a mobile one-stop-shop for key… Read More

Rental Marketplace Platform Howsy Set to Close Seedrs Round With More Than £2.3 Million Raised

  Howsy, a UK-based rental marketplace platform, is set to close its equity crowdfunding campaign on Seedrs with more than £2.3 million raised from nearly 600 Seedrs investors. The funding round was launched last originally seeking £250,000. Howsy also applied for the Future Fund. Founded… Read More

LendingClub Q2 Hit by COVID: Loan Originations of $325.8 Million, Down 90% year-over-year

LendingClub (NYSE:LC) is out with Q2 earnings and, as anticipated, COVID-19 has hit the online lender hard. According to the company, during the quarter loan originations came in at $325.8 million, down 90% year-over-year. LendingClub’s net revenue during the quarter was down 77% year over… Read More

Celebrity Wine & Spirits Marketplace GrapeStars Now Seeking Funds Through Reg CF Campaign on Republic

GrapeStars, a marketplace where celebrities may promote their wine and spirits to followers, is now seeking funds through its Regulation Crowdfunding (Reg CF) campaign on Republic. Founded in 2017, GrapeStars claims it is a one-of-a-kind online marketplace where celebrities can promote wine and spirits directly… Read More

European Online Lender October has Now Closed Financing for its 100th Spanish Company

October, a leading European online lender, notes that it was launched after the global financial crisis of 2008-2009 with the goal of providing more financing options or alternatives to European SMEs. The October team wrote in a blog post published on July 1, 2020: “We… Read More

LendingClub’s LCX Marketplace Now Allows Bidding on Loans Before Issuance

LendingClub Corporation (NYSE: LC), the largest marketplace lender in the US, is expanding its LCX platform to provide biding and pricing on loans prior to issuance. This marketplace is said to operate down to the individual loan level thus providing exceptional granularity, according to a… Read More

The Future of Real Estate Investing? NASDAQ and Lex Plan Real Estate Investing Marketplace with Reg A+ Issued Securities

Lex – an Oneline Marketplace for Real Estate Securities Real estate investment has historically been a challenging sector of opportunity for smaller investors. If you want to go it alone it takes a lot of time and knowledge to flip houses or rent flats. Of… Read More

LendingClub Report: We are observing resilience on the platform

LendingClub (NYSE:LC) has published a blog post and affiliated 8-K updating on platform performance during a challenging market pummeled by COVID-19. During the last earnings report, LendingClub reported loan originations down in April by a whopping 90%. Today’s missive is a bit more optimistic as… Read More

Marketplace Lender October Adds new Predictive Risk Tool to Platform Facilitating Instant Loans

October, an online lender serving European SMEs, has launched a new predictive risk tool to instantly respond to requests for State Guaranteed Loans. Like other regions, the COVID-19 crisis has hit European businesses hard. In order to help them get back on their feet, the… Read More

OKEx Announces Partnership With Paxful

Digital assets exchange OKEx announced on Monday it has formed a strategic partnership with peer-to-peer Bitcoin marketplace, Paxful. Through the partnership, the Paxful Kiosk will notably be integrated directly within the OKEx platform to allow new and existing users to benefit from a variety of… Read More

dv01: Total Loan Impairments and Delinquencies Decline as COVID-19 Lingers, Online Lenders Remain Resilient

  dv01 has recently published another report tracking the impact of COVID-19 on the online lending marketplace. dv01 is a top data aggregator tracking the online lending industry. dv01 connects directly with the largest online lenders in the consumer world to, normalizing loan data, providing… Read More

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