P2P lending fund cites legacy Zopa portfolio for lower returns Digitizing construction finance with Rabbet’s Will Mitchell AI Is Coming...
On Monday, ApplePie Capital announced new investment deals with TowerBrook Structured Opportunities Fund and a group of investors led by QED Investors and Fifth Third Capital; the TowerBrook Structured Opportunities Fund will invest $180 million in the platform's loans over the next two years; QED Investors and Fifth Third Bancorp led a Series B investment round for ApplePie Capital raising $16.5 million; ApplePie Capital has partnerships with 40 franchise brands and provides loans to support their franchisees. Source
Denise Thomas was named one of the tech industry's top female founders in 2016 by TechCrunch; Denise Thomas and Stephen Pelletier formed ApplePie Capital in 2013 after previously working together at online investment platform OffRoad Capital; Denise Thomas is currently the CEO of ApplePie Capital which specializes in providing online loans to franchise businesses. Source
In the coming months Cincinnati-based Fifth Third bank will hire 200 new tech workers as it continues to invest in...
ApplePie Capital has received endorsement from Fifth Third Bancorp as more large banks take an interest in marketplace lenders; Fifth Third Bancorp participated in a funding round that resulted in a $16.5 million investment for ApplePie Capital; Lend Academy provides details in their article; the funding will help ApplePie Capital continue to improve its market positioning; it currently provides loans for franchisees affiliated with its 40 franchise brand partnerships. Source
Online franchise business lender ApplePie Capital has announced the acquisition of Funding Solutions, LLC and the appointment of Ronald Feldman as chief development officer; Funding Solutions is a six-person franchise loan consulting firm based in Michigan and will help business and product development for the firm; supporting ApplePie Capital's brand portfolio and product strategy, Ronald Feldman will also bring significant franchise market experience from roles at FranData, Franchise America Finance and The Siegel Financial Group. Source
ApplePie Capital, a company that focuses on providing funding for franchises is the latest online lender to land a deal...
Fifth Third Bank will fund loans on the platform and also receive platform borrower referrals; in December 2016, Fifth Third Bank participated in a $16.5 million Series B funding round supporting ApplePie Capital; the ApplePie Capital lending platform was established in January 2015 and specializes in loans to franchise businesses across the United States; it has partnered with over 60 franchise brands and financed over $100 million for franchise businesses. Source
ApplePie Capital is the marketplace lending leader in franchise business loans; in their featured blog post, CEO Denise Thomas discusses the investment opportunity that the firm's platform presents and ApplePie Capital's business model; cites five reasons for investing in franchise debt including the stable, high single-digit to low double-digit returns with lower risk than many of the market's competing fixed income products. Sponsored Blog Post
ApplePie Capital has built a dynamic marketplace lending platform with a range of high net worth and institutional investors focused on business lending for franchises; Lend Academy talks with ApplePie Capital CEO Denise Thomas in their podcast; the podcast provides in-depth details on platform loan terms for franchisees; Denise Thomas also gives insight into the small business franchise market and talks about recent capital investments for the platform. Source