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News RoundupOnline LendingUSA
·Dec. 27, 2016

LendingRobot Launching New Credit Fund

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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News RoundupOnline LendingUSA
·Aug. 7, 2017

LendingRobot Series Returns for the Second Quarter

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

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News RoundupNorth AmericaOnline LendingUSA
·Nov. 21, 2016

LendingTree Acquires CompareCards

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

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News RoundupOnline LendingUSA
·Feb. 9, 2017

Lendio Announces Fourth Quarter and Full Year Results

Lendio reported record growth in loan originations for the fourth quarter and full year of 2016; firm is one of the leading online multi-lender services for small business loans in the US; in the fourth quarter it facilitated loan originations of $70 million and in 2016 loan originations from the platform were more than $240 million.  Source

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Fintech Nexus Rebrand
Announcements
·May. 19, 2022

LendIt Fintech is now Fintech Nexus

After more than a decade of conferences and content, fintech has evolved past online lending alternatives: Fintech Nexus brides the gap.
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News RoundupOnline LendingUSA
·Nov. 28, 2016

LendingRobot Planning for a Pooled Investment Fund

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

 

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FintechNews RoundupUSA
·Aug. 11, 2017

LendingTimes Founder Raises ICO for AR Venture

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

 

 

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News RoundupOnline LendingUSA
·Dec. 6, 2016

LendingUSA Hires New Chief Technology Officer

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

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News RoundupOnline LendingUSA
·Mar. 2, 2017

Lendio Launches Online Lending for Franchises

Small business online multi-lender Lendio has announced the launch of a new lending program for franchises; in addition to business loans, participating lenders will have access to new technology, comprehensive training, branded marketing tools, partnerships and Lendio's franchise support team; Lendio facilitates lending by matching online applicants with lenders; the firm has originated over $240 million in loans.  Source

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Peer to Peer Lending
·Dec. 15, 2016

LendIt Partners with 500 Startups for PitchIt @ LendIt USA 2017

  LendIt has also always sought to feature fintech startups. Our first ever PitchIt @ LendIt was held at LendIt...
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