Irish P2P lending company Flender has raised €75 million in a funding round in a bid to provide enhanced loan services to its Irish businesses. The FinTech has also slashed its borrower interest rates up to one percent across all of its loan products. Previously offered with an interest rate of 7.5%, the loans of up to €250,000 will be available from 6.45 percent for terms up to 36 months.
Metrokredit, a loan originator that joined Mintos in July 2018, temporarily has stopped issuance of new loans to borrowers. The existing investors will not be affected by this event, Metrokredit will continue serving existing loans, and investors will continue receiving repayments and interest.
rebuildingsociety.com is a Leeds-based peer-to-peer lending platform focusing on finance for small and medium businesses. The company was launched in 2012 by Daniel Rajkumar. The first loans were completed in February 2013.
Peer to peer lender RateSetter has reported that for the year March 2019 losses have dropped from £27.5 million in the previous year to £4.2 million. The company claims it has taken a “big step towards profitability.
Online platform Proplend gave its 2018 peer-to-peer (P2P) property lending year in review. The lender listed the various accomplishments that the lending industry experienced in the past twelve months.
Fast-growing Fintech Landbay says October was a great month for the real estate peer to peer lending platform. Without providing any details, Landbay tweeted out the news.
Landbay Says October Was Record Month
Click HERE to find out ⭐ Landbay Says October Was Record Month. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Short Take - Julian Cork, COO, Landbay. In this Short Take we chat with Julian Cork, the COO of Landbay, about future investment and borrowing opportunities in the buy-to-let mortgage marketplace and how these new technologies can be an avenue for changing society.
Short Take - Julian Cork, COO, Landbay
In this Short Take we chat with Julian Cork, the COO of Landbay, about future investment and borrowing opportunities in the buy-to-let mortgage market ...