Tagged: online lender

February 7, 2020 @ 1:22 pm By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, recently announced he has appointed Linda Tan as its new Head of Internal Audit. OnDeck reported that Tan will oversee its Internal Audit team and deliver independent, objective assurance and advisory audit services that align with… Read More

February 6, 2020 @ 8:37 am By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE: FCH) is reportedly supporting a U.S. business loan transparency law. According to P2PFinanceNews, the online lender is backing the California introduced law, which will require certain data to be disclosed in commercial credit agreements much like consumer loans. Head… Read More

February 4, 2020 @ 12:32 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday it has launched access to custom loans for Kabbage Payments customers. Kabbage reported the new lending product offers U.S. small businesses more control over short-term funding needs. Kabbage also revealed that with custom loans, Kabbage Payments customers choose any… Read More

January 30, 2020 @ 10:02 am By Samantha Hurst  |  

LendUp, a socially responsible online lender on a mission to redefine financial services for the emerging middle class, announced on Thursday it has surpassed $2 billion in consumer loans through its digital lending platform. The company reported that since 2012 it has provided more than… Read More

January 27, 2020 @ 1:52 pm By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE: FCH) announced on Monday it has appointed Oliver White as its new Chief Financial Officer, following Sean Glithero’s decision to step down from his CFO role and from the Board. White will be joining Funding Circle from Vanquis Bank,… Read More

January 19, 2020 @ 11:20 pm By Samantha Hurst  |  

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, recently announced it has appointed Jimmy Cannon as its new/first President. According to ADF, Cannon has extensive senior management experience with a focus on leading organizations through transformational change and delivering P&L improvement, most… Read More

January 16, 2020 @ 3:52 pm By Samantha Hurst  |  

Wiser (ASX: WZR), an Australia-based neo lending platform, announced on it has secured commitments to raise $33.5 million through a placement of approximately 181 million ordinary shares. According to Wisr, the placement was supposed and allocated to new and existing institutional investors. “The issue price… Read More

January 15, 2020 @ 12:41 pm By Samantha Hurst  |  

UK banking group NatWest announced on Wednesday it has joined forces with Soldo, a pre-paid company card provider for small businesses, to expand its SME lending capabilities. NatWest reported that the partnership will allow two of its ventures, Esme Loans and Rapid Cash, to be… Read More

December 10, 2019 @ 12:00 pm By Samantha Hurst  |  

Biz2Credit announced on Tuesday the release of its latest Biz2Credit Small Business Lending Index, which revealed that the approval percentage fo small business loan applications at big banks (which are $10 billion+ in assets) inched up one-tenth of a percent to reach 28.1% in November… Read More

December 2, 2019 @ 3:08 pm By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE:FCH) recently unveiled its £250 million securitization of SME loans with Waterfall Asset Management. The duo reported that the portfolio brings the total amount of UK Funding Circle loans securitized to £1 billion and the deal will notably open up… Read More

November 20, 2019 @ 9:46 am By Samantha Hurst  |  

CommonBond, an online lending platform servicing the student loan market, announced on Wednesday the launch of CommonBond Ignite, which is described as a tailor-made solution for large financial institutions to acquire the right customers, with the right products, at the right time. According to CommonBond,… Read More

November 16, 2019 @ 7:29 pm By Samantha Hurst  |  

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Thursday two developments that mark significant progress in regaining compliance with the New York Stock Exchange’s Continued Listing requirements. China Rapid Finance reported that it completed its 2018 financial statement audit… Read More

October 16, 2019 @ 4:15 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Wednesday it has provided more than 10,000 Kiva micro-loans to entrepreneurs in the developing world through Lendio Gives. Lendio reported that its Lendio Gives is an employee donation and employer matching program focused on facilitating global entrepreneurship. To… Read More

October 8, 2019 @ 9:53 am By Samantha Hurst  |  

Peer to peer lender Beehive announced on Tuesday it has facilitated funding for its first SME in Bahrain. According to the online lending platform, the SME, Bahrain-based Mira Packaging Factory, manufactures disposable paper cups and other food packaging solutions to the GCC and African F&B industry.  “Since… Read More

October 3, 2019 @ 2:06 pm By Samantha Hurst  |  

Financing small businesses lender StreetShares announced on Wednesday it has teamed up with Farm Bureau Bank (FBB) to provide small business lending to FBB’s members. StreetShares reported that by using its Lending-as-a-Service (LaaS) platform services, the bank may now offer small business loans with a digital… Read More

September 30, 2019 @ 1:14 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Monday its latest study revealed that Hispanic business owners are hungry for growth capital. The lender reported that the study, which included more than 5,000 of Lendio’s small business customers, reveals a spike in loan inquiries from Hispanic… Read More

September 26, 2019 @ 2:25 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced this week it has plans to double the sales force at its Lehi, Utah, and Woodbury, New York, offices. The lender reported that it has hired 80 employees in 2019 and intends to add another 40 sales representatives by… Read More

September 18, 2019 @ 10:36 am By Samantha Hurst  |  

Online lender BlueVine announced on Wednesday it has appointed Brad Brodigan as its new Chief Commercial Officer. BlueVine reported that through this role, Brodigan will be responsible for overseeing revenue-generating functions including sales, customer service, and partner management. According to BlueVine, Brodigan also brings more… Read More

September 13, 2019 @ 10:51 pm By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Friday its latest survey reveals that the economy is a top concern for small businesses ahead of next year’s presidential election. According to OnDeck, the survey is the first in a series that the… Read More

September 12, 2019 @ 2:22 pm By Samantha Hurst  |  

LendKey, a lending-as-a-service solution for banks and credit unions, announced on Thursday it surpassed $3 billion in loan originations for its lending partners. The lender reported that nearly 300 lenders have utilized the company’s turnkey digital lending solution to expand product offerings across multiple asset classes… Read More