Tagged: online lender

October 31, 2018 @ 10:45 am By Samantha Hurst  |  

Less than two weeks after launching its latest equity crowdfunding campaign on Crowdcube, UK online lending platform WiseAlpha has now surpassed £2 million from more than 980 investors. The funding round quickly secured its initial £1 million.  As previously reported, WiseAlpha’s online lending platform aims to give retail investors… Read More

October 22, 2018 @ 7:56 am By Samantha Hurst  |  

U.S.-based banking firm PNC Bank announced on Monday it has partnered with online lender OnDeck to create a new digital business lending platform, which is set to launch in 2019. According to the banking group, the lending portal will offer fully digital business lines of… Read More

October 18, 2018 @ 11:21 am By Samantha Hurst  |  

Just a little over a year after securing more than £1.2 million through its second equity crowdfunding campaign on Crowdcube, UK online lending platform WiseAlpha has returned to the funding portal and quickly surpassed its initial £1 million funding target. The round is now nearing… Read More

October 18, 2018 @ 9:54 am By Samantha Hurst  |  

U.S. fintech startup SuperMoney announced on Thursday it has processed more than $1 billion in loan requests since launching in April of 2017. SuperMoney reported that in the past six months it has doubled the financing request volume generated in the previous year. Founded in 2013,… Read More

October 15, 2018 @ 4:11 pm By Samantha Hurst  |  

Online small business lender Lendio announced on Monday it has facilitated $1 billion in financing to more than 51,000 small businesses across the U.S. since its inception in 2011. The lending platform reported that its small business clients have burgeoned, generating an estimated $3.8 billion in… Read More

October 15, 2018 @ 1:27 pm By Samantha Hurst  |  

UK-based online lender LendInvest announced last week it has reduced rates and product fees across its Buy-to-Let product range. According to LendInvest, the pay rate for its five year fixed rate product has dropped to 3.60%, with the ICR calculation at a pay rate of 3.60%…. Read More

October 9, 2018 @ 2:10 pm By Samantha Hurst  |  

Roostify, a U.S.-based digital lending platform provider, announced on Tuesday its platform now offers a bidirectional integration with Ellie Mae’s Encompass digital mortgage lending platform. According to Roostify, the integration allows lenders to easily pass information between the two systems, driving quality and efficiency in the loan origination… Read More

September 17, 2018 @ 9:00 am By Samantha Hurst  |  

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced on the launch of its new peer-to-peer (P2P) lending platform, KFUND. According to Kinerjapay, PT. Kinerja Simpan Pinjam has been officially registered and will manage KFUND brand as an online lender that focuses on micro-lending activities. Kinerjapay… Read More

September 12, 2018 @ 8:39 am By Samantha Hurst  |  

Online lending platform OnDeck (NYSE: ONDK) announced on Wednesday it has surpassed $10 billion in total loan originated to small businesses. According to OnDeck, the latest milestone is the latest indication that small businesses increasingly prefer to seek financing online. OnDeck reported that it provided its first… Read More

September 6, 2018 @ 9:00 am By Samantha Hurst  |  

UK-based peer-to-peer lending platform Welendus announced on Thursday the launch of an industry-first; it’s HMRC-approved Innovative Finance ISA (IFISA), which is set to allow investors to invest their annual ISA allowance in a flexible high return investment product, with no income tax on the interest… Read More

September 5, 2018 @ 3:54 pm By Samantha Hurst  |  

CAN Capital, an online lender in the SME lending space, announced on Wednesday it has agreed to a financing transaction of up to $287 million to enhance its capital capacity with Varadero Capital, L.P., a New York-based alternative asset manager. This news comes just a couple… Read More

September 5, 2018 @ 3:03 pm By Samantha Hurst  |  

Peer to peer property lender CrowdProperty announced on Wednesday it not only funded the 47th project, it also surpassed £20 million in funding for the property projects on its platform. The online lender revealed has a 100% track record in repaying lenders’ capital and interest. Across 23 projects,… Read More

August 20, 2018 @ 11:28 am By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne announced it celebrated its sixth anniversary of operations as total lending since inception approaches $500 million. Founded in 2012, SocietyOne reported its key mission to provide a better deal for borrowers and lenders. The lending platform claims it has been at the forefront… Read More

August 10, 2018 @ 8:51 am By Samantha Hurst  |  

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Friday it has further strengthened its risk control system to better protect investors throughout the entire process of borrower acquisition, risk-based pricing, post-loan management, and default risk coverage through its new comprehensive, stable and efficient asset… Read More

August 9, 2018 @ 9:54 am By Samantha Hurst  |  

Online lending platform OnDeck (NYSE: ONDK) announced on Wednesday it closed a $175 million asset-backed revolving credit facility that consisted of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, as well as funds managed by affiliates of Ares Management L.P. (NYSE: ARES). According to OnDeck,… Read More

July 6, 2018 @ 8:24 am By Samantha Hurst  |  

Online small business lender Lendio announced on Thursday it has helped facilitate nearly $120 million in growth capital through more than 5,0000 to small businesses in the state of California. The lending platform has reportedly funded more loans in California than in any other state… Read More

May 3, 2018 @ 8:53 am By Samantha Hurst  |  

Earlier this week, Lendio announced its third annual Top 10 States For Small Business Lending list. According to Lendio, the list’s results were based on lending data from its online lending platform, which matches businesses to nearly 80 lenders. Lendio reported that the key findings… Read More

May 1, 2018 @ 2:05 pm By Samantha Hurst  |  

On Tuesday, CommonBond, an online lending platform servicing the student loan market, released the results of one of the most comprehensive employee financial wellness benefits studies to date. According to the lender, the research revealed the extent to which student debt affects employees’ financial wellness, as well… Read More

February 1, 2018 @ 10:05 am By Samantha Hurst  |  

Earlier this week, online lending platform SoFi announced to its employees that, despite its successes in 2017, it will be laying off 65 employees (5% of its 1,300 workforce) in its mortgage-operations centers in Healdsburg, California and Cottonwood Heights, Utah. According to the Wall Street Journal,… Read More

January 9, 2018 @ 8:46 am By Samantha Hurst  |  

On Monday, online lending platform SoFi announced its 2018 class of SoFi Entrepreneurs. The lender revealed that the ten companies selected for the program stood out amongst the hundreds of applications it received by representing a “diverse set” of industries, backgrounds, and issues they’re trying… Read More