Lending as a service fintech LendKey announced record growth in March 2022, surpassing its previous record set in 2018.
The company passed £1bn in 2016 after 5 years and booked another £1bn in just 14 months; part of their success in increasing originations has been due to two new products, confidential invoice discounting and business loans; their larger institutional investor base has also allowed them to fund larger businesses with bigger funding requirements; in 2017 the firm lent £714.2m to businesses. Source
OnDeck shared a mid-quarter update to investors and the outlook isn’t as bleak as previously thought by many; OnDeck has...
OnDeck reported first quarter earnings yesterday and total originations dipped for the quarter coming in at $636 million compared to...
Funding Circle led originations for the month with 125 million Euros; total originations for the month were 454 million Euro across the platforms tracked; Mintos and Twino both reached significant milestones originating 500 million and 250 million Euros respectively. Source
There was an interesting article in Bloomberg yesterday on Marcus. Bloomberg cites sources claiming that Marcus will be scaling back...
Since 2010 non-bank lenders have been slowly increasing their market share of mortgage originations. loanDepot is a company that has...
Back in 2007, OnDeck started making loans to US small businesses. Since then, the company weathered the financial crisis, lending...
Funding Circle lead originations for the month of September followed by Zopa and RateSetter; many other originators across Europe are included in the list. Source
The marketplace lending industry globally has seen rapid growth over the past few years but originations have been pulling back...