The platform reported a record month in August after launching the cashback offer, gaining over GBP2.25 ($2.91 million) million of investment; LendingCrowd will extend the offer through September 30, giving investors GBP150 ($195) for every GBP2,500 ($3,257) invested; the platform offers investors access to SME loans and has lent GBP17 million ($21.95 million) since launching in 2014. Source
LendingCrowd will give investors GBP150 ($195) for every GBP2,500 ($3,257) investment they make on the platform through August 31; the offer is open to new and existing investors and can also be obtained through investment in the firm's new IFISA; the Edinburgh-based peer-to-peer lending platform is primarily focused on SME loans and has originated GBP15 million ($19.5 million) in cumulative lending from 182 loans. Source
LendingCrowd has launched its innovative finance individual savings accounts (IFISA); the account has a minimum investment of 1,000 British pounds ($1,250); the account investment will be automatically allocated to a portfolio of LendingCrowd loans; the portfolio will target a rate of return of 6% for its investors; the IFISA product has been well received with the Lending Works IFISA launch attracting more than 500,000 British pounds ($624,850) within three hours. Source
Individual investors have now invested $100 million of the company's $1 billion funded; the investments have been growing at a fast pace with the platform launching in January 2016 and doubling its $50 million investment level from mid-October of 2016; LendingHome markets returns of 8.75% and requires a $50,000 opening balance with a minimum investment of $5,000; at the LendIt USA 2017 event the firm received the 2017 Top Real Estate Platform award. Source
LendingHome will now offer an online mortgage product for consumers; LendingHome was launched in 2014 and has been funding short-term bridge and rental loans for property investors; the platform has funded over $1 billion in loans; features of the product include: an automated process, real time rates, loan guidance and real estate agent connectivity. Source
Marketplace lender, LendingHome, has reached a new milestone; firm has funded over $750 million in mortgage loans since its launch in April 2014; claims to be the largest mortgage marketplace lender; firm attributes the rapid growth to a broader range of investors, now including retail investors, and the secured status of the real estate loans; Matt Humphrey, LendingHome CEO, shares additional thoughts in the included Q&A. Source
LendingHome has reported over $1 billion in mortgage loan originations since it launched two and a half years ago; company is the leading marketplace lending mortgage loan originator in real estate; factors influencing the rapid growth include expansion to jumbo loans and a new investor platform for individuals; active in securitization, it has partnered with Nomura Securities International and developed the industry's first master trust securitization vehicle providing it with ongoing access to the securitization market. Source
LendingOne has launched a lending system for fix and flip lenders in the real estate industry; according to the firm's press release, the platform provides originators with advanced technology to streamline all aspects of the loan-underwriting, closing and servicing processes; with the launch, private lenders can now utilize the LendingOne system to offer more competitive pricing for borrowers; through the system lenders can also subordinate a portion of fix and flip real estate loans. Source
Building on the success of the LendingRobot Series Fund announced in January 2017, LendingRobot has launched LendingRobot Professional; the product has new advisor-focused features and functionality and can be optimized by advisors for multiple clients; it has an advisor minimum of $250,000. Source
LendingRobot is planning to offer its clients a new marketplace lending credit fund with blockchain automated fund reporting; algorithms will automate investors' fund preferences into one of four options based on risk tolerance and investment horizons; the fund offering will add to the company's current business which allows customers to invest in multiple loan platforms from a single account. Source