Tagged: online lending

April 8, 2021 @ 7:53 am By JD Alois  |  

auxmoney, a marketplace lender based in Germany, has received €250 million for loans from Citigroup and Chenavari Investment Managers. Chenavari is a credit-focussed asset manager with core expertise in European markets. auxmoney reports that it is now co-investing for the first time alongside partners as… Read More

April 5, 2021 @ 7:40 am By Omar Faridi  |  

European online lender October reports its best quarter ever (during Q1 2021). Meilleur Q1 ever sur @October_EU : +126% en € versus 2020 et +181% en nombre de TPE & PME accompagnées (149 entreprises). Et un Q2 avec des innovations structurelles dès avril #staytuned 🇪🇺… Read More

April 1, 2021 @ 8:51 am By JD Alois  |  

Smart Lenders Asset Management, a Paris-based investment firm that specializes in managing loans originated from online lending platforms, is reporting over $300 million in Assets Under Management (AUM) in Moonstone Lending SICAV it manages. The SICAV is open to professional investors only. The Smart Lenders… Read More

March 29, 2021 @ 8:16 am By Omar Faridi  |  

European online lender October reveals that it works with firms from all industries so it can help them with financing the growth of their operations. The October team notes in a blog post that since 2016, they’ve been supporting companies and they offer them “the… Read More

March 26, 2021 @ 9:58 pm By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their Quarterly Investor Update – Q1 2021. Ashish Gupta, the Chief Credit Officer at Prosper Marketplace, writes in a blog post that the company… Read More

March 25, 2021 @ 8:25 am By Samantha Hurst  |  

    Maxwell, a U.S.-based digital mortgage and fulfillment platform for small to midsize mortgage lenders, announced on Thursday it raised $16.3 million Series B funding round led by Fin VC and TTV Capital with participation from Rotor Capital, The Mortgage Collaborative Emerging Technology Fund,… Read More

March 24, 2021 @ 11:37 pm By Omar Faridi  |  

Fintech firm Become, an online lending platform for SMEs, has shared insights on what may be considered the “real value” of creating a happy or satisfied customer. According to Become, that really is “the million-dollar” (or now billion-dollar due to inflation) question in the world… Read More

March 24, 2021 @ 9:19 am By JD Alois  |  

creditshelf Aktiengesellschaf has announced that its management board has renewed contracts with the Fintech’s c0-founders Dr. Tim Thabe and Dr. Daniel Bartsch. Thabe and Bartsch will continue to run the company until at least the end of 2023. Simultaneously, Dr. Mark Währisch is said to… Read More

March 23, 2021 @ 11:15 pm By Omar Faridi  |  

Online lending platform UpStart (UPST:NASDAQ) has noted that there are four levels of digital lending. Jeff Keltner, SVP of Business Development at UpStart, writes in a blog post that he has been thinking for some time now about the key trends he’s observing towards the… Read More

March 22, 2021 @ 1:42 pm By Samantha Hurst  |  

  Loanpad, a UK-based peer-to-peer (P2P) lending platform, is set to close its equity crowdfunding campaign on Seedrs with more than £420,000 raised. The funding round, which launched last month, originally sought to raise £250,000. It has so far attracted more than 360 Seedrs investors. Founded in 2015,… Read More

March 19, 2021 @ 7:55 am By Samantha Hurst  |  

    Nordic banking group Nordea announced earlier this week it has partnered with the European Investment Fund (EIF) to guarantee lending solutions to small businesses. Nordea reported that the European Fund will provide it with €700 million in guarantee capacity for 2021. The guarantee program… Read More

March 17, 2021 @ 3:50 pm By Omar Faridi  |  

The shares of LendingClub (NYSE: LC), an online lender and nascent digital bank, have been surging recently. Last week, LendingClub reported an adjusted net loss of $(22.1) million in the fourth quarter, compared to an adjusted net income of $7.0 million the same quarter last… Read More

March 15, 2021 @ 10:10 am By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their performance data from the Prosper Portfolio for the month of February 2021. Key highlights from the report are as follows: In February 2021,… Read More

March 12, 2021 @ 7:38 am By Samantha Hurst  |  

  Plaid announced on Thursday it has joined forces with Codat, a UK-based technology company that connects the internal systems of small businesses to banks, fintechs, and other financial institutions, to improve small business lending in the UK. Plaid revealed that through the partnership, it… Read More

March 10, 2021 @ 10:34 pm By Omar Faridi  |  

Finch Capital, a venture capital firm, recently finalized a €150 million fund to invest in Series A and B deals across Europe. The firm with its Amsterdam and London offices currently has €85 million in capital that is ready to deploy for its “Europe III”… Read More

March 10, 2021 @ 9:45 pm By Omar Faridi  |  

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, suggests that service providers should make Fintech lending their identity, and not necessarily their “competition.” During the past few years, the digital… Read More

March 10, 2021 @ 7:49 am By Samantha Hurst  |  

Roostify, a U.S.-based digital lending platform, announced on Wednesday it has appointed Roger Fendelman as its first ever Chief Compliance Officer. According to Roosify, Fendelman has nearly 25 years of experience at the intersection of compliance and technology.  He will oversee the company’s governance, risk,… Read More

March 9, 2021 @ 10:31 pm By Omar Faridi  |  

LendingClub (NYSE:LC) notes that if you’ve been struggling to make ends meet, then you are definitely not alone. Amid the ongoing COVID-19 pandemic, nearly 30 million US residents are still facing unemployment, which has compounded existing struggles for workers who may have been living paycheck-to-paycheck… Read More

March 9, 2021 @ 11:23 am By JD Alois  |  

Creditshelf Aktiengesellschaft and Commerzbank AG have announced the extension of a partnership that has been in place since 2019. Creditshelf is an online lending platform for German SMEs. Creditshefl, which was founded in 2014 and is based in Frankfurt am Main, arranges bank-independent, flexible financing… Read More

March 5, 2021 @ 10:42 am By JD Alois  |  

Mansa, a micro-lender based in France that targets the self-employed or gig-economy workers, has raised €6 million in equity in a Series A Funding The round brings its 12-month funding total to €20 million.  €12 million of the funding is reported to be for lending…. Read More