Solva, an ID Finance subsidiary that offers personal loans in Georgia, is now on the Mintos platform; Solva has disbursed 28,000 loans totaling EUR12 million ($14.3 million) since late 2016; Mintos provides a platform for retail investors to allocate to various online lenders; Boris Batine, ID Finance co-founder and CEO, stated: "Solva is an innovative product in global online lending. It was developed for prime clients and offers very attractive terms for personal loans. It closely resembles traditional bank loans, but with a focus on transparency, ease and convenience of service. Thanks to our technological innovation and efficient operations, we can offer investors a high annual net return." Source
A to Z
Online Lending
As a thirty year veteran of consumer lending, loanDepot CEO Anthony Hsieh has seen his share of transformative changes; his keynote at LendIt USA 2017 focused on the modern version of consumer lending and how online lenders are only just scratching the surface; while originations have grown each year loanDepot still only accounts for about two percent market share as the second largest non bank consumer lender; he believes online lending is still in the bottom of the first or top of the second inning; non bank mortgage lenders now account for five of the top ten originators, a few years ago only two non bank lenders cracked the top ten; regulations, capital markets and technology have all contributed to the market changing since the crisis of 2008; he also talks about the future of the customer experience and their continued investment in technology. Source