Tagged: michael solomon

CircleBack Lending Stops Making Loans, May Transfer Portfolio to Another Company

CircleBack Lending has stopped making loans. This is according to a report by Bloomberg. The online lender said that funding had vaporized as some borrowers failed to repay their loans.  CircleBack provides unsecured consumer credit for loans from $3000 to $35,000. Michael Solomon, CEO and co-founder… Read More

Brief: CircleBack Lending Completes $17.4M Equity Round; Arranges up to $500M in Loan Purchases with Pine River Capital

CircleBack Lending, Inc., a marketplace lending platform, has completed a $17.4 Million Series A round of equity financing led by Pine River Capital Management, a global alternative asset manager with over $15 billion under management. Wicklow Capital, an early investor in CircleBack, also participated with… Read More

CircleBack Securitizes $106 Million as Marketplace Lending Grows

CircleBack Lending has completed its first securitization of consumer loans. The company reported $106 million was completed by Jefferies, an investment banking firm.  CircleBack revealed an agreement with Jefferies in 2014 to securitize up to  $500 million in loans in the coming years.  CircleBack stated… Read More

Peer to Peer Lender CircleBack & Jefferies Agree to Facilitate Sale & Securitization of Up To $500 Million in Loans

Boca Raton-based CircleBack Lending has entered into a partnership with Jefferies according to a release by the company.  The agreement is to facilitate the sale and securitization of up to $500 million aggregate principle amount of consumer loans. CircleBack was founded in 2013 and states… Read More

Speaker Sponsor Launches New “Crowdfunding for Speakers” Platform

Speaker Sponsor has become known as an online matchmaker between speakers and the small businesses that want to sponsor them. But now they’ve added a new service, crowdfunding for speakers. “I heard so many people say they’d love to spread the word about a particular… Read More

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