Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Home
Online Lending
Oldest
  • Latest
  • Oldest
  • Random
  • A to Z

Online Lending

News RoundupOnline LendingUSA
·Dec. 19, 2016

CTO Resigns at Lending Club

Lending Club's chief technology officer, John MacIlwaine, has resigned and will pursue another opportunity; the firm will conduct a search for a new chief technology officer and has appointed the senior vice president for technology to oversee the business; MacIlwaine had been with Lending Club since 2012 and has extensive experience in executive management roles overseeing financial technology platforms.  Source

 

Read Full Story
EuropeNews RoundupOnline Lending
·Dec. 19, 2016

Zopa Reopens Its Platform to Investors

After a break in new investor inflows, Zopa has reopened to investors; the firm closed its platform to new investments at the beginning of December; cited an imbalance in borrower versus investor demand; firm is now accepting new investments with a 4.2 million British pound ($5.24 million) platform capacity.  Source

 

Read Full Story
News RoundupOnline Lending
·Dec. 19, 2016

EVEN Financial’s Phill Rosen on Borrower Behavior

Phill Rosen spoke with Crowdfund Insider following the news last week of the company surpassing $1.5 billion in loan requests; according to Rosen, besides debt consolidation, weddings, auto and home improvement are the most popular categories for loans; average loan size is $10,551; Avant is the most popular platform by take rate followed by both Lending Club and Ascend who have high take rates according to Rosen; EVEN has seen a significant increase in demand since September which may be regular seasonal demand; for 2017, Rosen sees more consolidation for the space, followed by more growth.  Source

Read Full Story
EuropeNews RoundupOnline Lending
·Dec. 19, 2016

Ranger Direct Lending Fund Raises 40% of Target

Ranger Direct Lending Fund raised close to $20 million of the $50 million target it set out to raise through a placing of C shares; in 2015 the fund was looking to raise $169 million but pulled the offering and then raised $17 million; though the fundraise fell short, Numis Securities anticipated the Fund would have issues as the shares are trading at 5% discount.  Source

 

Read Full Story
News RoundupOnline LendingUSA
·Dec. 19, 2016

Prosper’s November 2016 Performance Update

Estimated return on loan production in November 2016 was 6.58%, which is down from the previous three months; Prosper attributes its revised pricing and credit market trends overall to the month's weaker performance; the average FICO score in November was 714.2 which is approximately 10 points above the FICO scores in 2015 vintages; cumulative charge-offs are trending higher in 2015 and 2016 than 2013 and 2014; higher pricing is also a factor potentially affecting prepayment rates which are higher for loans originated in 2016.  Source

Read Full Story
News RoundupOnline Lending
·Dec. 19, 2016

Lend Academy Podcast: Evan Gentry of Money360

Money360 is a marketplace lending platform focused on commercial real estate; Evan Gentry of Money360 provides insight on the firm in a Lend Academy podcast; the firm offers loans of $1 million to $15 million for commercial real estate properties; it has two primary products, shorter term bridge loans which are mainly funded by high net worth investors, family offices, hedge funds and institutional investors and then permanent longer term loans funded by banks and credit unions; the company has also launched an open-end fund which allows investors to invest in a portfolio of the company's commercial real estate loans; it has plans for continued growth in 2017 with the goal of $1 billion in annual originations over the next few years.  Source

 

Read Full Story
News RoundupOnline Lending
·Dec. 19, 2016

Are Non-Bank SMB Lenders Repeating the Mistakes of the Mortgage Crisis?

Non-bank lenders like OnDeck, CAN Capital and Kabbage have originated billions in small business loans, but some fear they might be repeating the mistakes made by banks with subprime mortgages; recent overdue payments on securitizations are raising questions about predatory lending and marketing tactics; the small business market is significantly smaller than the mortgage market, and so the risk of another global financial crisis is small.  Source

 

Read Full Story
News RoundupOnline Lending
·Dec. 19, 2016

CAN Capital Begins Layoffs

According to American Banker, CAN Capital has laid off employees; this is following the news earlier this month of the company putting the chief executive officer and other executives on leave; according to an email from the company, "While this is a difficult decision, we believe it is necessary to position ourselves for long-term success."; documents from state officials in Georgia showed 136 layoffs in the Kennesaw, Georgia office while a source stated layoffs totaled 250 people, including all staff in Costa Rica; according to the source, layoffs were at least half of the company's total workforce.  Source

 

 

Read Full Story
News RoundupOnline Lending
·Dec. 19, 2016

Trial Begins in Beijing for Ezubao Fraud Case

The court case for Ezubao has begun in Beijing; Ezubao and affiliated companies will be on trial for fraudulent investment of approximately 60 billion yuan ($8.6 billion); Ezubao's owners, Yucheng Holdings and Yucheng Global, were highly involved with the investments and will be on trial along with numerous other people associated with the fraudulent investment activities.  Source

Read Full Story
EuropeNews RoundupOnline Lending
·Dec. 20, 2016

RateSetter Hires New Executive Risk Officer

RateSetter has hired Michael Hoare from PayPal as its new head of risk analytics and retail credit; Hoare was previously the chief credit risk officer at PayPal UK and also has experience at Capital One; Hoare and the risk management team will report to RateSetter's risk committee chairman as the company continues to build its risk team following the departure of Chief Risk Officer Cyrille Sallé de Chou who left RateSetter after six months for a chief risk officer role within HSBC's European retail business.  Source

Read Full Story
Load More

Popular Posts

Today:

  • Paraform Founders, Jeffrey Li and John KimFunded: Paraform raises $20M to put top recruiters, not AI, in the driver’s seat Jun. 27, 2025
  • Revised-AI-InvoiceAI Faces Skepticism. Startups Say: OK, Pay When it Works Jun. 25, 2025
  • GreenliteAI-Alex-WillGreenlite AI is on a mission to revolutionize banking compliance Jun. 10, 2025
  • Ironclad State of AI ReportThe Economics of AI Trust Jun. 11, 2025
  • WP-Funded2Funded: Maze nabs $25M Series A to stop cloud breaches before they start Jun. 13, 2025
  • Ahead of AIOutsmart Pricing Objections Before They Arise with AI Jul. 1, 2025
  • TechNexus The AI IssueSteal Like an AI? Defining Fair Use & Creativity Jun. 25, 2025
  • PayabliFunded: Payments infrastructure co Payabli lands $28M Series B to AI-ify Jun. 20, 2025
  • TechNexus The AI IssueThe AI Paradox Jun. 18, 2025
  • Email-AI-pieceAvatar CEOs Have Entered the Meeting Jun. 18, 2025

This month:

  • WP UmbrellaTo Bank or Not to Bank: The ILC Question Jun. 5, 2025
  • GreenliteAI-Alex-WillGreenlite AI is on a mission to revolutionize banking compliance Jun. 10, 2025
  • Current stablecoin adoptionWhy Banks (and Fintechs) Need to Embrace Stablecoins Today Jun. 12, 2025
  • ai-work-nexusWalkMe Vets Declare War on SaaS Bloat with $10M Seed for Autonomous Agents Jun. 10, 2025
  • DanMurphy-FN-headshotCFPB’s Next Open Banking Battle Begins Jun. 3, 2025
  • Jon StonaTips from Airwallex x McLaren on Making the Best of a Fintech Sponsorship  Jun. 18, 2025
  • Ironclad State of AI ReportThe Economics of AI Trust Jun. 11, 2025
  • Email-AI-pieceAvatar CEOs Have Entered the Meeting Jun. 18, 2025
  • Ben Hemani, Founding Partner at Bison VenturesThe Risk and Reward of Betting Big on AI’s Next Frontier Jun. 4, 2025
  • Globe-money-symbolsOPINION: Why Brazil and India are leading the global digital shift through payment innovation Jun. 24, 2025

  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2025 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results