Blackmoon has secured $2.5 million in equity funding from Target Global, A&NN Group, Flint Capital and several private investors; company provides a technology platform for institutional investment in loans from balance sheet marketplace lenders; will use the funds for technology development and further expansion in the US. Source
ID Finance has partnered with Latvian marketplace lender Mintos to list its MoneyMan loans on the platform's marketplace; current loans will be issued to Spain ranging from EUR 300 ($326) to EUR 1,200 ($1,304) with a repayment period of 30 days to 4 months; ID Finance is the first network originator to offer Spanish listed loans on the Mintos platform providing for enhanced cross-border diversification. Source
Boris Batin and Alexander Dunaev have grown a successful lending startup after partnering together and launching ID Finance in 2012; the company is an online balance sheet lender that has been expanding throughout Russia, Europe and South America; the partners claim a digital lending business model that can launch and obtain profitability in nine months; part of their success is attributed to identifying challenging markets with growth potential that traditional banks have not entered. Source
No More Content