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p2p/online lending
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721

How Lending Club Is Differentiating Itself From Other Online Lenders

By Omri Barzilay for Forbes

2016 has been a tough year for San Francisco-based Lending Club. Scott Sanborn, who took over as CEO and who’d served as the company’s COO prior, has taken drastic steps to get the company back on course. In less than a year, Sanborn cut and rehired 179 jobs and hired a new CFO, COO, general counsel and chief capital officer. In addition, the company launched a new auto refinance product and an investor mobile application, Lending Club Invest. (more…)

Global trends, Hotnews, p2p/online lending

May 11, 2017

218

Lending Club Keeps Pushing Its Comeback

(more…)

Hotnews, p2p-payments, p2p/online lending

May 9, 2017

Tungsten Targets Procure-to-Pay Friction With New Partner

Electronic invoicing company Tungsten has teamed up with the Institute of Finance and Management (IOFM) to help educate its business customers on how to streamline supply chain management. (more…)

p2p/online lending, SME

May 9, 2017

389

Online lender Prosper says system error overstated loan return

Prosper Marketplace, one of the largest U.S. online-lending platforms, notified the majority of the investors that buy its loans that it had overstated their annual returns due to a system error, a spokeswoman said. (more…)

p2p/online lending

May 5, 2017

252

457

PayPal launches Business in a Box service for SMBs

PayPal has unveiled a new service, called Business in a Box, which brings together a host of tools designed to help small firms start and run their online operations. (more…)

Banks, p2p/online lending, SME

May 2, 2017

293

Online lender CommonBond to offer more types of student loans

By Brian Yurcan for American Banker

The online lender CommonBond, known largely for refinancing student loans, said Tuesday that it has begun offering a wider assortment of loans to current higher-education students. (more…)

Global trends, Hotnews, p2p/online lending

April 25, 2017

279

WorldRemit partners Wafacash for money transfers to Morocco

Digital money transfer service WorldRemit has partnered with leading Moroccan financial company Wafacash to further support the growing demand for instant remittances and the immediate access of funds in the country. (more…)

Global trends, Hotnews, p2p/online lending

April 25, 2017

313

HCL to buy mortgage BPO firm Urban Fulfillment Services

HCL Technologies (HCL), a leading global IT services company, today announced an agreement to acquire Urban Fulfillment Services, LLC, (“UFS”), a provider of mortgage business process & fulfilment services. (more…)

Deals, p2p/online lending

April 25, 2017

378

SME Lending Activity: China Spikes, US Banks Reboot

By PYMNTS

Small business lending activity across the globe is in flux. China saw a whopping 17 percent increase in small business lending in Q1, while U.S. banks are rebooting their efforts to capture SMEs from their alternative rivals. The U.K. and Canada, meanwhile, see their small businesses struggling to find financing. We break down the latest on SME lending in these key markets. (more…)

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

April 24, 2017

356

Robo Advisor Wealthfront Launches Line of Credit to Make Users More Liquid

By Julie Muhn for Finovate

Robo advisor pioneer Wealthfront must know that opposites attract: in this case, it’s saving and investing. Today, the company launched a securities-based lending option– a line of credit that allows its users borrow against their own savings accounts. (more…)

AI / Machine Learning / Big Data, Hotnews, p2p/online lending, Wealth management

April 20, 2017

386

Kabbage Co-Founder & Head Fintecher Kathryn Petralia: Power Lending, Predictions & Progress

By

“Fintech, online lending, AI and privacy are complicated issues, so we’ve created innovative solutions and approaches that D.C. embraces once they understand them. Our message to Washington is: call us! We have someone to translate tech speak and “bureaucratese” for all of Washington’s questions.”

(more…)

Hotnews, Influences FinTech, p2p/online lending

April 16, 2017

Philippines Alt-Lender Lands Venture Funding

A Philippines-based alternative SME lender has landed new venture capital. (more…)

Fintech news, Hotnews, p2p/online lending

April 13, 2017

366

P2P lending platform Assetz Capital to raise interest rates for limited time

By Assetz Capital,

Assetz Capital, one of the UK’s largest and fastest growing peer-to-peer finance platforms, today announced it was raising the interest rate on its popular 30 Day Access Account (30DAA) by 0.5% to 4.75% for a limited time. (more…)

Fintech news, Global trends, p2p/online lending

April 13, 2017

324

Getting The SME Crowdfunding Model Off The Ground

By PYMNTS

Regulation A+ has made a mostly quiet splash on the market. Years in the making, the regulation was born from the JOBS Act, which was signed into law in 2012, with Title IV of the act — also known as Regulation A+ — enabling average joes to invest in companies seeking capital. (more…)

Crowdfunding/investing, Fintech news, Global trends, Hotnews, p2p/online lending, SME

April 12, 2017

336

Capital Float Tops Up Capital Raise

By PYMNTS,

India-based SME lender Capital Float has added a bit of funding to its books thanks to a $2.3 million raise announced Monday (April 10). (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia, p2p/online lending, SME

April 11, 2017

401

Payday loan firm hit by data breach

Wonga, a prominent UK payday loan firm, has warned 270,000 of its customers that their accounts may be at risk following a data breach. (more…)

Global trends, Hotnews, p2p/online lending

April 10, 2017

Kabbage Exceeds $3 Billion Mark, Lends to over 100,000 SMEs

By  for Crowdfund Insider

Kabbage, a leading financial services, technology and data platform, announced it has extended more than $3 billion to small businesses across all 50 U.S. states, covering every industry. The company has also now served over 100,000 small businesses through its platform, representing the largest customer base of any online small business lender. (more…)

Fintech news, Global trends, p2p/online lending

April 10, 2017

458

Lending Club founder Renaud Laplanche is back with a new startup and $60 million in funding

By  for Techcrunch

Renaud Laplanche had a terrible no good very bad 2016. But the founder and longtime CEO of Lending Club is back with a new lending startup called Upgrade, along with the support of investors who’ve provided the company with $60 million in funding. (more…)

Global trends, Hotnews, Influences FinTech, p2p/online lending

April 7, 2017

Elevate Credit pulls off lending IPO

By Katie Roof for Techcrunch

After postponing its IPO last year, Elevate Credit, the venture-backed lending company, went public on the New York Stock Exchange today. (more…)

Deals, Hotnews, p2p/online lending

April 7, 2017

303

Lackluster IPO shows subprime lenders still have hurdles to overcome

By Kevin Wack for American Banker

President Trump’s deregulatory push was supposed to be a bonanza for high-cost consumer lenders. (more…)

Global trends, Hotnews, p2p/online lending

April 7, 2017

303

Moneytree Sees Green with $9 Million Funding Round

By Julie Muhn (@julieschicktanz) for Finovate

Japanese personal finance app Moneytree has landed $9 million (¥ 1 billion) in a series B round recently. This is the company’s third round of funding and brings its total raised to $10.5 million. SBI Investment led the round. Mizuho Capital, SMBC Venture Capital, Salesforce Ventures, Fukuoka Technology Partners, Hiroshima Venture Capital, Senshu Ikeda Capital, and Baillie Gifford also participated. (more…)

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

April 7, 2017

229

Ex-Santander Exec Joins MarketInvoice

Alternative lending firm MarketInvoice has welcomed a new executive from the traditional banking world. (more…)

Global trends, Hotnews, p2p/online lending

April 4, 2017

273

How These 2 Offbeat Online Lenders Could Help You Land Funding

You may not have heard of them, but these less-known online lenders could be your source of startup cash. (more…)

Fintech news, Global trends, p2p/online lending

April 3, 2017

LendingTree Launches Student Loan Comparison Tool

By David Penn for Finovate

LendingTree unveiled its Student Loan Refinance Tool this week. (more…)

Fintech news, Hotnews, p2p/online lending

March 30, 2017

273

Lidya Raises Funding to Expand Access to Capital for Underserved Small Businesses in Nigeria

By PR Newswire

Lidya, a leading fintech platform based in Nigeria, announced today that it has closed a US$1.25 million seed funding round to further its mission of easing access to finance for small and medium enterprises (SMEs) across Africa. (more…)

Global trends, p2p/online lending

March 30, 2017

323

Italian P2P mobile payments app Jiffy tops 4.2 million users

Jiffy, the service developed by SIA to send and receive money in real time from a smartphone using the cellphone number, has topped 4.2 million users. (more…)

p2p/online lending

March 21, 2017

275

‘Father Of P2P’ Giles Andrews Now Leads Two Alt Lenders

By PYMNTS

Alternative SME lending platform MarketInvoice has named Giles Andrews as its first chairman, and according to reports, that means Andrews will chair the board of not one, but two alternative lending platforms. (more…)

Fintech news, Hotnews, p2p/online lending, SME

March 21, 2017

489

A Plus for P2P Lending: Investors to Buy Up to $5 Billion in Loans on Prosper

By Julie Muhn for Finovate

The rumors from last August are true. P2P lending giant Prosper announced a deal in which a group of institutional investors has agreed to purchase up to $5 billion in loans on the San Francisco-based company’s platform over the next 24 months. Investors include affiliates of New Residential Investment Corp., Jefferies Group and Third Point, and an entity of which Soros Fund Management serves as principal investment manager. (more…)

Deals, Fintech news, p2p/online lending

February 28, 2017

719

Online Lending for Students Is on the Rise

By Vladislav Solodkiy for LTP

Online lending service for students SoFi (Social Finance Inc.) is close to raising about $500 million in a funding round expected to be led by private equity firm SilverLake Partners to bolster the expansion of its online lending businesses and personal financial services. The investment round should include several Asian investors like Japan’s SoftBank and others. The new international group will purchase SoFi’s loans as well as take an equity stake. The fundraising round values SoFi at $4.3 billion, higher than its previous valuation of $3.2 billion.  (more…)

About, Fintech news, p2p/online lending

February 24, 2017