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Brickell Capital Finance Inks Deal with Liquid FSI Convert2Pay™

March 16, 2017
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press release

Miami, FL. March 16, 2017—Brickell Capital Finance, Inc., a leader in providing consumer facing loans to the healthcare industry, will offer Liquid FSI’s Convert2Pay™ through its 75 sales reps nationwide. Eli Mualin, President and CEO of Brickell said, “We believe that Convert2Pay is a ‘game changing’ Fintech product for the healthcare industry. It allows providers […]

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Kabbage Prices $525 Million Securitization; Anticipates “A(sf)” Rating on Its Debt

March 8, 2017
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Kabbage

Facility to Enable Expansion of Product Mix for Larger Businesses Kabbage®, a pioneering financial services, technology and data platform, today announced that on March 7, 2017, it priced $525 million of fixed-rate, asset-backed notes in a private securitization transaction. The facility is expandable to $1.5 billion. The notes will be issued in four classes by […]

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Upstart Raises $32.5M

March 6, 2017
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company news

It’s been three years since we launched the Upstart lending platform, and today we’re pleased to announce we’ve raised $32.5M to take our business to the next level. The funding round was lead by Rakuten, a global leader in internet services and global innovation headquartered in Japan, and by a large US based asset manager. […]

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Patch of Land Hires Chief Investment Product Officer, Matthew Zall, Recognized Capital Markets Expert and Innovator of Lending Products for the Single-Family Home Rental Market

March 5, 2017
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breaking news

Prepares to add lending products for $6 trillion single-family rental market LOS ANGELES- March 6, 2017 – Patch of Land, a leading online real estate marketplace lender and crowdfunding platform, announces the addition of Matthew Zall as Chief Investment Product Officer as the firm prepares to expand into the single-family rental market with longer term, […]

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Innovative Lending Platform Association and Coalition for Responsible Business Finance Join Forces

March 5, 2017
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breaking news

CRBF joins ILPA to promote responsible lending and increase access to capital for small businesses NEW YORK, Early Release — The Innovative Lending Platform Association (ILPA) and the Coalition for Responsible Business Finance (CRBF) today announced they are joining forces and will now operate as the ILPA – the leading trade organization representing a diverse […]

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CIM Commits Additional $100M to Funding Circle to Help Fuel Small Businesses

March 1, 2017
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Funding Circle Logo

SAN FRANCISCO, March 1, 2017 /PRNewswire/ — Funding Circle, the world’s leading lending platform focused exclusively on small business, today confirmed Community Investment Management (“CIM”), an impact investment firm focused on marketplace lending, will finance an additional $100 million in loans to businesses originated through Funding Circle in the U.S. The multi-year agreement, which extends […]

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Lendio Announces First-of-Its-Kind Marketplace Lending Franchise Program

March 1, 2017
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Lendio

Lendio, the nation’s leading marketplace for small business loans, today announced it is expanding the reach and availability of its small business lending options with the launch of a new franchise program. The Lendio franchise program complements the company’s core value of helping small business owners fuel the American Dream. Through this program, franchise owners […]

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Prosper Marketplace Closes Loan Purchase Agreement for up to $5 Billion of Loans with Consortium of Institutional Investors

February 27, 2017
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Prosper Marketplace

SAN FRANCISCO–(BUSINESS WIRE)–Prosper Marketplace, a leading online consumer lending marketplace, today announced that it has closed a deal with a consortium of institutional investors to purchase up to $5 billion worth of loans through the Prosper platform over the next 24 months. The investors in the consortium are affiliates of each of New Residential Investment […]

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AutoFi Unveils Online Multi-Lender Sales Solution for Used Car Dealers

February 27, 2017
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press release

Financing From iLendingDIRECT’s Credit Union Network, Banks and Specialty Lenders SAN FRANCISCO, CA (February 27th, 2017) – Today AutoFi, a financial technology company that is transforming the way cars are bought and sold, announced the launch of the first fully online sales and multi-lender financing solution for used car dealers. Financing on AutoFi’s platform will […]

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Bond Street Announces Renewal of Loan Purchase Agreement with Jefferies

February 15, 2017
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press release

NEW YORK (February 15, 2017) — Bond Street, a leading online small business lender, announced the closing of a loan-purchase agreement with Jefferies that renews Jefferies’ prior loan-purchase agreement and expands the size of its loan purchases up to as much as $300 million. This agreement will facilitate Bond Street’s growth and help thousands of […]

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