News Roundup Archives | Page 20 of 715

The Ranger Direct Lending Fund has reported plans for share issuance totaling 200 million British pounds through 2017; the Fund currently has a 40 million British pound issuance planned for December; it also raised 30 million British pounds in July and 23.2 million British pounds in November of 2016; according to a statement from Ranger Direct Lending, "The company believes that debt instruments originated or issued by direct lending platforms are an attractive and growing asset class that have the potential to provide higher returns for investors than other, more widely available, fixed income products."; growth from the asset class and potential returns are factors driving the new issuances. Source

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Europe Fintech News Roundup Real Estate

·May. 29, 2018

Lend Academy Podcast Episode 152: Christian Faes of LendInvest

Christian Faes, the CEO and Co-founder of UK property lender LendInvest, discusses...

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News Roundup Online Lending USA

·Mar. 15, 2017

Video of the Week: Investing in the Future

Scott Sanborn provided the opening keynote presentation at LendIt USA 2017; the appointment of Sanborn has been a critical success factor for Lending Club and the marketplace lending industry; in his presentation he discusses the challenges of 2016 and the significant growth opportunity that still remains ahead; compares the market's potential to the growth of Amazon; provides insight on important factors for growth over the next ten years.

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Asia/Pac News Roundup Online Lending

·Nov. 29, 2016

Online Financial Services Platform, QuantGroup, Raises $73mn

China-based, QuantGroup, has raised $73 million in a Series C funding round led by Sunshine Insurance Group Corporation, Fosun Capital, Guosen Hongsheng Investment Co., Ltd. and other undisclosed investors; QuantGroup is an online financial services platform offering credit products; it evolved from the Microsoft Ventures Accelerator and is led by Zhou Hao with experience at Morgan Stanley, Capital One and Barclays. Source

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News Roundup

·May. 17, 2021

Affirm Spins Out B2B Financing Company Resolve

Affirm, the leader in point of sale financing for consumers, announced today...

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Fintech News Roundup USA

·Feb. 23, 2018

Banks Grappling with Problems from Zelle

Customers using Zelle within their banking app have fallen prey to a scam where they send money for tickets but never receive the ticket; since the transaction is instantly done the scammer then closes their account and by the time the bank fully settles the payment the money is gone; banks in the Zelle network, and Zelle itself, have said do not send money to anyone unless you know and trust them; when money is lost customers are asking who should be responsible for replace the funds, should the bank refund them or Zelle; the relationship between the banks and Zelle is not entirely clear from the user perspective, with more frauds occurring customers are starting to ask more questions. Source.

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Fintech News Roundup

·Feb. 3, 2017

New Blockchain Fund to Use Cryptographic Audit

Token-as-a-Service (TaaS), co-founded by Konstantin Pysarenko, Ruslan Gavrilyuk, Dmytro Chupryna and Maksym Muratov, will offer a blockchain fund through an initial coin offering (ICO); the fund will issue tokens which represent a proof-of-membership; the fund will perform a cryptographic audit to track trading activity; TaaS is also developing a new blockchain analytic platform called Kepler that will provide data similar to Bloomberg; according to founder Konstantin Pysarenko: "The overall aim of TaaS is to deliver long-lasting innovations in the blockchain industry. And, we believe that TaaS and Kepler are on track to revolutionize the journey of investing in cryptocurrencies and tokens forever and we are excited to watch it all unfold." Source

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