Sunlight Financial has gained a $130 million investment from Route 66 Ventures for expansion of its residential solar systems lending business; the firm plans to develop new financing products, expand its Charlotte business center and partner with more solar installers; the firm is currently a trusted provider for a network of solar installation companies and offers its credit products through an easy to use online platform. Source
Cloud Lending Solutions provides a white paper with insight on lending collections in their featured blog post; lending collections strategies can have a significant impact on a range of business factors for a lending firm; Cloud Lending Solutions offers CL Collections™ to help businesses develop more robust collections strategies that positively affect revenue and portfolio management. Sponsored Blog Post
SuperMoney has developed new auto loan technology to provide consumers with auto lending offers; it signed on 20 auto lenders for the product's launch and is able to provide interested borrowers with options for secured and unsecured loans, refinancings, and private-party auto loans; the firm is seeking to simplify the search process for finding an auto loan and compares its technology to current services for buying an airline ticket. Source
A survey from TWINO and KPMG provides statistics on alternative lending market trends in Europe; says UK alternative lending volumes are four times higher than the rest of Europe; consumer loans account for 72% of online lending in Europe; the European online alternative lending market has grown by 23% since the end of 2015, reaching lending volume of 600 million euros ($623.39 million) as of September 30, 2016; UK has 81% of market share; geographic location across Europe is becoming less of a factor as advanced technologies are the main driver for platform success. Source
Daily Fintech reports that Tradeplus24 has received CHF100 million ($100.61 million) from a capital fundraising; the Swiss fintech market has been growing over the last two years and the CHF100 million is a sign of that; Tradeplus24 is a Switzerland-based balance sheet marketplace lender; the capital was raised through debt and the firm will use the fundraising for SME lending. Source
California-based startup Tala has raised $30 million for its marketplace lending platform; investors in the funding round included IVP, Ribbit Capital, Lowercase Capital, Data Collective and Collaborative Fund; the firm offers loans in Kenya through alternative credit underwriting which utilizes accessible data on payrolls, savings, payments history and social network activity; it plans to expand to Mexico and India. Source
In our recent blog post we outline our three audiences in the USA, Europe and China; all of our global fintech conferences highlight the most innovative companies from around the world; at our March LendIt USA conference we are expecting 5,000 attendees in New York City with participants from over 40 different countries; we encourage our international attendees to book their travel plans early; read more about our global audiences in our blog post and contact LendIt to answer any questions you may have about international travel plans or visa letters. Source
LendFoundry provides insights on the global fintech market opportunity in their featured blog post; the firm launched its fintech lending operating system at LendIt USA 2016; provides marketplace lenders with a comprehensive solution for loan originations, marketing, acquisition, underwriting and servicing. Sponsored Blog Post
Congressman Patrick McHenry and Congressman Jeb Hensarling have both released comments supporting President Donald Trump's executive order on Dodd-Frank; the executive order on Dodd-Frank signed on Friday outlines core principles for regulating the United States financial system and asks the Treasury secretary and regulators to come up with a plan for replacing Dodd-Frank; Congressman Jeb Hensarling has proposed the Financial Choice Act to overhaul Dodd-Frank; if new policies are enacted it would ease lending requirements for banks making credit more available for consumers and small businesses from mainstream financial institutions. Source
The Evolution of Home Buying: The Rise of Home Ownership Investments and What It Means for Consumers
Innovation in online real estate is creating new funding opportunities for homeowners and Unison is one of the market's leading fintech firms; in their featured blog post they provide a recent white paper titled, "A New Era for Home Buying: The Rise of Home Ownership Investments" and give insight on how home ownership financing is changing; the firm introduced home ownership investing in 2007 and has been working since then to integrate it into the US housing finance system; through Unison, home buyers receive an investment for their home that tracks with the home's value and has no financial obligations until the home is sold. Sponsored Blog Post