After the departure of CEO Renaud Laplanche and stock price decrease over the past two weeks, there are certainly investors who smell opportunity and one investor just invested a significant amount in Lending Club.
Dutch banking group ING has revealed that it is working with 45 fintech companies in an effort to jump-start its digital transformation programme.
Today UK p2p lending service Zopa announced it will extend its product range to offer ‘Zopa Car ReFi‘, a refinancing product for car loans.
Small business lending platform OnDeck has closed a $250m securitisation.
UK consumer lending platform AvantCredit, a subsidiary of Chicago-based Avant, has announced that it has secured £130 million in debt funding. The fresh capital injection comes courtesy of a number of undisclosed financial institutions and brings the platform’s total amount of debt raised to date to over £300m.
The nation’s most valuable bank and the third largest by assets is planning to unviel a online lending platform for SME loans.
Blend was founded in 2012 with aim to improve the mortgage process for both lenders and borrowers by providing an experience far better than the decades old technologies that are currently in place.
KLS Diversified have executed the first European marketplace lending securitisation of Funding Circle loans, selling part of the senior tranche to the German development bank, KfW.
Chinese peer-to-peer (P2P) lender Dianrong.com is mulling a share float as early as next year, according to the company's co-founder and chief executive Soul Htite.
Leading small business lender OnDeck has priced a $250m securitisation. The securitisation will consist of two classes of note.
LendInvest, an online platform for financing short-term mortgages, has signed a warehouse financing deal with Australian investment bank Macquarie. The deal gives LendInvest access to over £40 million to fund mortgages with.
The French peer-to-peer lending platform has raised $13.5 million. Lendix launched just like year. During its first year, the platform has managed $22.5 million in medium-term business loans.
According informed sources of P2P-Banking.com, the German bank Commerzbank plans to launch an own p2p lending marketplace called ‘Main Funders’ in the first half of 2016. The marketplace aims to connect SMEs seeking funding with investors.