S.F. fintech lender Upgrade expands into checking accounts
San Francisco lender Upgrade Inc. said Thursday that it’s adding checking accounts to its loans and credit card offerings.
London’s P2P invoice financing platform MarketFinance increased lending to over £340 million this year
Stocker claims that MarketFinance is now ending the year “stronger, bigger and more ambitious than ever before.”
Marketplace lender Prosper has provided $18 billion in loans, platform issued 2,258 loans this past week
Marketplace lender Prosper has “empowered” 1,061,045 people by issuing $18 billion in total loans.
UK based P2P lender Proplend claims it almost reached profitability in 2020 despite COVID-19
UK-based P2P lender Proplend almost managed to reach profitability this year despite COVID-19 related challenges.
Sourced Capital hits £10m milestone
Warrington-based peer-to-peer lending company Sourced Capital has raised more than £10m in P2P finance loans during 2020.
LendInvest Update: Raises LTVs to 80% and launches funding for student lets/first-time landlords
LendInvest, a UK marketplace for property financing, has broadening its lending criteria to include first-time landlords and student lets.
Passion Capital has backed Fronted, the startup that wants to offer loans to cover rent deposits
Fronted, the new London-based startup aiming to make life easier for renters, has picked up seed investment from Passion Capital.
Indonesia study: P2P lenders create thousands of jobs, reduce poverty
Peer-to-peer (P2P) lending platforms have provided jobs for more than 362,000 Indonesians and reduced the poverty rate by 0.7 per cent – equal to 177,000 individuals – as they provide access to financing in cities and remote areas alike, a study said last week. The study was conducted by local think tank Institute for Development of Economics and Finance (Indef) and the Indonesian Fintech Lenders Association (Asosiasi Fintech Pendanaan Bersama Indonesia, AFPI). Speaking during the study’s launch in Jakarta, Indef researcher Izzudin al-Farras said: “P2P lending enables MSMEs [micro, small and medium-sized enterprises] to boost production and thus can directly impact the country’s gross domestic product [GDP],” P2P platforms have […]
