Tagged: online lender

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

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Tuesday its support for the decision by industry regulators to include the country’s P2P platforms in the central bank’s credit system. The online lender reported that it believes this as a positive move for the P2P… Read More

September 3, 2019 @ 3:25 pm By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter announced on Tuesday the launch of its new investment products. The lending platform reported that its goal is to deliver the most consistent returns and the most liquid investment in peer-to-peer investing. RateSetter noted that its delivery of consistent returns is… Read More

August 29, 2019 @ 8:50 pm By Samantha Hurst  |  

Credijusto, an SME lending platform that is based in Mexico, announced on Thursday it secured $42 million through its Series B funding round, which was led by Point72 Ventures and Goldman Sachs with participation from Thomvest Ventures, Wolfson Group, Third Lake Capital and Argo Ventures,… Read More

August 25, 2019 @ 10:08 pm By Samantha Hurst  |  

Australasia’s peer-to-peer lending marketplace Harmoney recently announced it has appointed David Stevens as its new CEO. Harmoney reported that Stevens steps into the CEO role in early 2020. The lender’s founder and current CEO Neil Roberts will step away to focus on strategy and product… Read More

August 14, 2019 @ 9:59 am By Samantha Hurst  |  

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

August 9, 2019 @ 8:32 am By Samantha Hurst  |  

Online lending platform Funding Circle announced on Thursday the numbers of H1 2019, which are the results for the first six months of 2019, ending on June 30th. According to Samir Desai, the CEO and Co-Founder of Funding Circle, the online lending platform grew in revenue… Read More

August 9, 2019 @ 8:21 am By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has topped $300 million in coin deposits, as well as completed more than $2 billion in originated crypto loans during its first year of operation. Founded in 2017 and launched 2018, Celsius states… Read More

August 7, 2019 @ 2:18 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Tuesday it has facilitated more than $1.5 billion in financing to small businesses across the U.S. This news comes just a few weeks after Lendio acquired of cloud-based small business account platform, Billy, and the launch of Lendio’s… Read More

August 7, 2019 @ 10:12 am By Samantha Hurst  |  

Online lending platform Biz2Credit announced on Tuesday the release of its Biz2Credit Small Business Lending Index, which revealed approval rates for small business loan applications rose to another post-recession record (27.7%) at big banks ($10 billion+ in assets), while also climbing above 50% at small… Read More

July 7, 2019 @ 9:25 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital completed its equity crowdfunding round on Seedrs with nearly £1.9 million in funding. The campaign was launched earlier and quickly raised its initial £1 million. It also drew in more than 1,000 investors during its run.  Assetz Capital is… Read More

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

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Tuesday it is set to launch a new consumer installment financing platform, called “Hexin Installments.” According to Hexindai, the platform will offer carefully curated categories for installment financing, such as electronic products, education, and travel products… Read More

July 2, 2019 @ 1:40 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital has successfully surpassed £1.8 million through its equity crowdfunding campaign on Seedrs. The funding round was launched in May and quickly raised its initial £1 million. So far, more than 1,000 investors have contributed to the initiative.  As previously… Read More

June 10, 2019 @ 12:57 pm By Samantha Hurst  |  

LendInvest, a UK-based online marketplace for mortgages, announced on Monday it has securitized £259 million of UK prime Buy-to-Let mortgage loans in an oversubscribed RMBS transaction. LendInvest claims it is the UK’s first marketplace platform to securitise its own assets and the securitization received an… Read More

June 6, 2019 @ 2:24 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital has reportedly surpassed both bridging and SME lending milestones. According to Bridging and Commercial, the online lender has provided more than £100 million in bridging finance and £50 million in SME funding.  Speaking about the latest milestone, Damien Druce,… Read More

June 6, 2019 @ 8:35 am By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Wednesday it has appointed Denada Ramnishta as its new Senior Vice President of Lender and Partner Strategy. Prior to being promoted to this position, Ramnishta was formerly Head of Business Development and Partnerships. In her new role, she… Read More

June 4, 2019 @ 2:10 pm By Samantha Hurst  |  

Online lending platform Biz2Credit announced on Tuesday it secured $52 million through its Series B funding round, which was led by WestBridge Capital. Founded in 2007, Biz2Credit is on a mission to provide small businesses with lending solutions throughout their lifecycle in a flexible and… Read More

May 20, 2019 @ 4:59 pm By Samantha Hurst  |  

Just one week after launching its latest equity crowdfunding campaign on Seedrs, UK-based peer-to-peer lending platform Assetz Capital has successfully secured its initial £1 million funding target and is now nearing £1.3 million. The funding round comes less than two years after Assetz Capital raised more… Read More

May 20, 2019 @ 2:01 pm By Samantha Hurst  |  

China-based consumer finance platform LexinFintech announced on Friday its first quarter 2019 unaudited financial results, which ended on March 31st. According to LixinFintech, Operational Highlights include: Total outstanding principal balance of loans1 reached RMB35.0 billion as of March 31, 2019, representing an increase of 64.7%… Read More

May 17, 2019 @ 3:21 pm By Samantha Hurst  |  

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Friday changes in its business operations and to its board of directors. The lender revealed that it has acknowledged its inability to file its annual report on Form 20-F in a… Read More

May 13, 2019 @ 10:26 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital is now seeking £1 million through its new equity crowdfunding campaign on Seedrs. Founded in 2012, Assetz Capital describes itself as a provider of alternative funding sources to SMEs and Property Developers and is one of the fastest-growing peer-to-peer… Read More