LendingRobot is planning to offer its clients a new marketplace lending credit fund with blockchain automated fund reporting; algorithms will automate investors' fund preferences into one of four options based on risk tolerance and investment horizons; the fund offering will add to the company's current business which allows customers to invest in multiple loan platforms from a single account. Source
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LendingRobot has filed a Form D with the Securities and Exchange Commission indicating its plans for a pooled investment fund; the investing platform currently provides investment accounts that allow customers to invest in marketplace loans from direct lenders through the platform; the new fund provides a pooled fund investment option for investors; the minimum investment is $100,000. Source
LendingRobot shares returns for the second quarter; aggregated return for the LendingRobot series was 2.7% year to date; there are currently four risk-based funds in the series ranging from short term conservative to long term aggressive; loans included in the funds are from Lending Club, Prosper, Funding Circle and Lending Home; the series funds are available to accredited investors for investment. Source
George Popescu is the founder of LendingTimes, a publication dedicated to the online lending industry; he also serves as CEO of Lampix, an augmented reality company that offers a product creating 'smart surfaces'; the company announced it had crossed $4.5 million in funding through an ICO in minutes. Source
Online multi-lender, LendingTree, has acquired CompareCards, owned by Iron Horse Holdings; the acquisition will expand LendingTree's online credit card comparison offering also bringing new technology, issuer relationships and educational tools to the site; LendingTree's stock has gained 13.44% following the company's announcement. Source
Online loan marketplace LendingTree has released its third quarter list of top customer-rated network lenders; the platform has a network of over 450 lending partners; top lenders from each of the list's four categories included: Veterans United Home Loans, Lending Club, rateGenius and Credibly. Source
LendingUSA has hired Manoj Mathew as its new chief technology officer; the firm provides point of sale financing solutions for merchants; Manoj Mathew will be joining LendingUSA from LendFoundry where he was co-founder and chief technology officer; brings in-depth experience in credit financing technology and will support the firm in advancing financing solutions. Source
The new industry association called Digital Finance Forum was founded by Christian...
UK based online real estate lender LendInvest has securitized $328mn of UK...
The securitization includes £285 million of UK prime buy-to-let mortgage loans and...