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p2p/online lending
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212

Lendio Launches Lender Turndown Program

By Julie Muhn for Finovate

Small business loan marketplace Lendio is helping lenders turn a negative response into a positive one through the unveiling of its Lender Turndown program this week. (more…)

p2p/online lending

April 10, 2018

Kabbage and Ingo Money Team Up to Power Faster Loan Payouts to SMEs

Online alternative lender Kabbage has teamed up with push payments innovator Ingo Money to get commercial loan proceeds to small and medium sized businesses that much faster. Kabbage will use Ingo’s Push Platform, with its push-payments-in-a-box technology, to disburse loan payouts to customer accounts securely and in real time. (more…)

p2p/online lending

April 10, 2018

How Can Fintech Boost the Micro-loan Scene?

a member-uploaded imageBy Jasmine Morgan – GFT Group

While the citizens of Norway, Finland, and Denmark all have at least one bank account, there are developing countries like the Central African Republic, Niger, and Madagascar, where the percentage of the unbanked population rises well above 85%. The poverty rates in such places are quite high, and is part of a vicious circle, since the inability to get a loan or to make deposits keeps people living day to day. The only available financial resource is social borrowing from friends and family. Yet, rapid technological advancements could turn this situation around.

(more…)

p2p/online lending

March 26, 2018

354

Fintech Circle and Abu Dhabi Global Market prep fintech education courses

By Funding Circle,

Fintech Circle, the leading global community of FinTech entrepreneurs, angel and VC investors, financial services professionals and FinTech thought-leaders and its Fintech Circle Institute, is poised to launch its comprehensive range of Fintech Education Courses for the United Arab Emirates (UAE), in collaboration with Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi. (more…)

Fintech news, Hotnews, p2p/online lending

March 23, 2018

LendingTree rolls out free credit monitoring service

By Lending Tree,

LendingTree, the nation’s leading online loan marketplace, today announced the launch of a free credit monitoring service within the My LendingTree platform. (more…)

p2p/online lending

March 23, 2018

Fundbox addresses SME access to credit with Fundbox Pay

By Fundbox

Today Fundbox, the leading small business growth company, announced the launch of Fundbox Pay, a new payment and credit solution servicing the $4.5 trillion small business-to-business (SMB2B) transactional market in the U.S. (more…)

Fintech news, Global trends, p2p/online lending, SME

March 16, 2018

Elevate Milestone: Customers Have Saved More Than $3 Billion Over PayDay Loan Alternatives

Elevate Credit, Inc. (Elevate), a tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, announced on Monday its customers have saved more than $3 billion to date, versus what they would have paid for payday loans. $1.3 billion was saved in 2017 alone. (more…)

Fintech news, Global trends, p2p/online lending

March 6, 2018

LendingPoint buys LoanHero

By Lending Point

LendingPoint, the company working to revolutionize access to consumer credit, today announced that it has acquired LoanHero, a leading fintech platform for point of sale finance. (more…)

p2p/online lending

January 17, 2018

Lending Marketplace Lendix Raises €200 Million Institutional Financing to Trailblaze European Alternative SME Finance

Lendix’s historical investors are renewing their trust in the Paris-based European SME marketplace lender. The European Investment Bank Group (EIB), CNP Assurances, Eiffel IM, Groupama, Zencap AM, Matmut and Decaux Frères Investissements are among the first investors joining to finance Lendix’s latest investment vehicle to fund unsecured loans to SMEs in France, Spain and Italy. New institutional investors from banks and asset management firms in Spain and Italy are joining. As of now, €120 million of the planned €200 million are already committed and the first loans from this fund will start rolling out as soon as February. (more…)

Fintech news, Global trends, p2p/online lending

January 17, 2018

643

P2Binvestor CEO Krista Morgan on Marketplace Lending: What to Expect in 2018

P2Binvestor CEO Krista Morgan founded P2Binvestor in 2012 with a mission to help growing businesses succeed. Morgan is not only CEO of a fast growing Fintech, she is also the cohost of the podcast “Women Who Startup Radio”, an ardent mentor to other women entrepreneurs who speaks regularly on business finance, fundraising, and scaling a startup. (more…)

Global trends, p2p/online lending

December 26, 2017

686

UK alternative finance market is now worth £4.6 billion

The UK online alternative finance market grew 43% in 2016 to reach £4.6 billion, buoyed by increased institutional investment and a sustained pick up in innovative business lending models. (more…)

Global trends, Hotnews, p2p/online lending

December 11, 2017

663

SoFi partners WSFS Bank for cash management account

US online lender SoFi is gearing up to launch a cash management account early next year after inking a payment processing and debit card sponsorship agreement with WSFS Bank. (more…)

Banks, Global trends, p2p/online lending

December 8, 2017

452

MoneyMe secures A$120m capital facility

By MoneyME

Australian consumer lending fintech, MoneyMe, has finalised an AU$120 million asset-backed wholesale securitization facility led by $100 million from global investment manager, Fortress Investment Group, and joined with $20 million of bonds issued by corporate advisory, Evans & Partners. (more…)

Deals, p2p/online lending

November 28, 2017

955

How Personal Loans Help People Improve Their Daily Lives

The good thing about people is that they always find a way to make life easy, which is exactly why the banking system exists. With banks, people can get loans and finance their various development projects even when they don’t have all the cash needed. For example, if you’re building or buying a home and you don’t have enough money to cover the expenses, you can get a loan or mortgage to finance your plan.

(more…)

Hotnews, p2p/online lending

November 23, 2017

561

ICICI Bank and Paytm partner for digital credit provision

By ICICI

Paytm, India’s largest payments platform has partnered with ICICI Bank, the country’s largest private sector bank by consolidated assets, to jointly launch ‘Paytm-ICICI Bank Postpaid’, the most seamless way to access interest-free short-term digital credit. (more…)

Banks, p2p/online lending

November 21, 2017

566

BNP Paribas buys stake in SME credit specialist Caple

BNP Paribas Asset Management (BNPP AM) has bought a 10% stake in a new alternative SME credit specialist called Caple as part of a wider strategic alliance. (more…)

Banks, p2p/online lending, SME

November 18, 2017

631

Kabbage Announces New $200 Million Asset-Backed Revolving Credit Facility With Global Financial Institution Credit Suisse

By Samantha Hurst for Crowdfundinsider

Kabbage Inc., a global financial services, technology and data platform serving small businesses, announced on Thursday its new $200 million asset-backed revolving credit facility with Credit Suisse, a global financial institution. This news comes less than a month after Kabbage announced it and ING were extending its strategic partnership with Italy and France. (more…)

Global trends, p2p/online lending, SME

November 18, 2017

516

Online Lender Lendix Launches Flexible SME Bridge Loans in France, Spain & Italy

Lendix, online lender for SMEs in continental Europe, has announced the launch of a new financing product: the Flexible Bridge Loan. This product is designed to will allow a greater number of French, Spanish and Italian SMEs to benefit from the speed of execution of Lendix’s lending platform while leaving them the possibility of setting up an overall refinancing solution with other financial institutions. (more…)

Fintech news, Global trends, p2p/online lending

November 16, 2017

636

Chinese microlender Lexin files for a $500m US IPO

By Timmy Shen for tech Node

Lexin Fintech Holdings, an online microlending platform targeting young Chinese consumers, on Monday filed for IPO in the US to raise $500 million. (more…)

Deals, p2p/online lending

November 14, 2017

478

Online Lending And A Tale Of Two Fed Studies

By PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. In 2010, digital lenders originated $249 million in unsecured personal loans, and by 2016 that number had grown ninety-fold. (more…)

Banks, p2p/online lending

November 14, 2017

466

SoFi Completes Largest Consumer Loan Securitization to Date

On Friday, SoFi announced it has completed a $727 million issuance of SoFi Consumer Loan Program 2017-6 (“SCLP 2017-6”) notes, making it the largest offering of securities backed by consumer loans and is SoFi’s 11th ABS transaction this year, bringing the lender’s total issuance for 2017 to $6.1 billion.  (more…)

Global trends, Hotnews, p2p/online lending

November 13, 2017

499

ArchOver surpasses £50 million lending milestone

ArchOver, the peer-to-peer (P2P) business lending platform, has facilitated over £50 million of lending with no losses or late payments. (more…)

Fintech news, Global trends, Hotnews, p2p/online lending

November 7, 2017

616

Chinese fintech company Qudian spikes nearly 40 percent in IPO

  • The stock is traded on the NYSE under the ticker symbol QD.
  • The Chinese fintech company is backed by Alibaba and posted a 2016 net income of $85 million.
  • Shares priced at $24 in the $900 million IPO and opened at $34.35.

Chinese fintech company Qudian jumped nearly 40 percent on its opening day of trading on the NYSE Wednesday. (more…)

p2p/online lending

October 23, 2017

766

PayPal Partners with Kiva on Loans for Entrepreneurs

PayPal has partnered with Kiva to help provide loans to entrepreneurs. This is the second time PayPal and Kiva have empowered PayPal users to provide loans while receiving a Kiva credit. Last year the campaign say more than 10,000 PayPal customers and employees make loans to entrepreneurs around the world. This year, PayPal would like to see that number climb higher. (more…)

Hotnews, p2p/online lending, Payment processors/providers/gateways

October 18, 2017

Lenddo Forms New Partnership With EFL Team to Lead Financial Inclusion Revolution

By Samantha Hurst for Crowdfund Insider

Lenddo announced on Tuesday it has formed a new partnership with Entrepreneurial Finance Lab (EFL). The companies also reported they are working together to provide a suite of credit scoring and identity verification products to more than 20 emerging markets. Lenders will be able to use the duo’s platform to provide individuals globally with unprecedented, affordable access to convenient financial products. (more…)

Fintech news, Global trends, p2p/online lending

October 18, 2017

Marketplace Lender LoanBook Partners with Sage in Spain

LoanBook, a large SME marketplace lender based in Spain, has formed a new partnership with Sage, a market-leader in cloud accounting, payroll and payments software, to offer Sage’s Spanish customers a direct, in-product channel to alternative finance options. (more…)

Hotnews, p2p/online lending

October 11, 2017

906

ABN Amro online lending startup New10 opens for business

ABN Amro is promising credit-worthy small businesses a decision on a loan application in 15 minutes through a home-grown fintech startup, dubbed New10. (more…)

Banks, Global trends, Hotnews, p2p/online lending

September 22, 2017

637

LendingTree Announces Acquisition of SnapCap’s Non-Lending Assets

LendingTree, Inc. (NASDAQ: TREE) announced on Tuesday it has acquired certain assets of Snap Capital LLC, a tech-enabled online platform connecting business owners with lenders offering small business loans, lines of credit and merchant cash advance products through a concierge-based sales approach. (more…)

p2p/online lending

September 21, 2017

542

Asia-Pacific Alternative Finance Rises to a Quarter Trillion Dollars in 2016 led by China

The Cambridge Centre for Alternative Finance (CCAF) is out with their 2nd annual report quantifying the growth of alternative finance for the Asia Pacific Region in 2016. Entitled, “Cultivating Growth,” the benchmarking report shows an emerging industry that grew dramatically versus year prior as it rose to $245.28 billion delivered mainly by the huge China market. The alternative finance sector in Asia-Pacific totaled $102.8 billion in 2015, the first year for the survey. The research is based on data collected from 628 platforms across the Asia-Pacific region, including 463 from China and 165 platforms from the wider region. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

September 20, 2017

Orchard Launches New Platform: Orchard Deals Matches Global Investors & Originators to Boost Online Lending Market

Orchard Platform has rolled out Deals, operated by Orchard Platform Markets, LLC, a wholly-owned subsidiary, SEC-registered broker-dealer, and member of FINRA and SIPC. Deals is a global market where loan originators may discover low cost financing and institutional investors can connect, evaluate, and move forward with multiple transactions. Orchard says this is the next step in their company’s evolution as they continue to provide vital services to the global online lending industry. (more…)

Fintech news, Global trends, p2p/online lending

September 13, 2017