Lending Works is a peer-to-peer (P2P) lender that matches underwritten personal loan borrowers with shrewd lenders.
Achieve Lending is a free online portal to search, find, and compare education financing.
CircleBack Lending is an Internet-based credit platform. It provides a secure, transparent, and efficient marketplace for accredited institutional and individual investors to purchase fixed income assets backed by consumer credit products.
Cloud Lending Inc., is an enterprise lending solutions provider. It provides lending solutions to empower financial institutions from any industry segments (such as P2P lending, online payday lending, consumer loans, tax liens, auto loans, MFIs, CDFIs and credit unions) of any size to compete and grow.
Lending Club operates an online credit marketplace where investors provide loans to creditworthy borrowers in exchange for the interest income.
Plum Lending delivers to commercial real estate investors expedited loan execution, improved transaction visibility and an unparalleled client experience.
The Lending Room
The lending Room specializes loans, refinancing and debt consolidation, car loans, boat loans, and unsecured loans. It offers competitive interest rates on unsecured and secured personal loans, choice, convenience, and experience.
Able is the collaborative lending company. It offers small business loans up to $250,000
Greenworks, LLC is an origination and financing company targeting cost saving, clean energy upgrades for commercial real estate using PACE (Property Assessed Clean Energy) financing.
Kender Lending provides loan with a quick and easy, low-rate and short-term period. At Kener, they are using advanced technologies and sophisticated algorithms to aid decision making processes very simple.
Lending Loop is an online marketplace for Canadians to lend money to growing local businesses
Octane Lending offers a point of sales financing and insurance platform for niche consumer markets.
Stone Lending is a marketplace for payday loans. It helps applicants to have a regular source of income and should have an active bank account.
P2P Lending India
p2plendingindia.com is a part of iLend firm, it connects borrowers and lenders on a mutually beneficial platform. It enables investors and borrowers to directly settle loan requirements and interest rates for it. The investors get a better return on their money and the borrowers get a lower interest rate.
Open Lending provides an online platform that offers loan analytics, risk-based pricing, risk modeling, and automated decision technology for automotive lenders and financial institutions. Currently, the company website is inactive.
Banks / FIs
CRIF Lending Solutions
CRIF Lending Solutions is the provider of loan and account origination, business process outsourcing, credit decisioning, data access, and lending and marketing analytics solutions to financial institutions including banks, credit unions, finance companies, retailers and credit card processors.
Direct Business Lending
Direct Business Lending connects small business with lenders who have the highest probability of receiving funds from. The experienced loan consultants and experts have a knowledge base of the commercial lending environment to help business accomplish the funding needs.
Lending Companies Leveraging Blockchain Technology
There has been a lot of focus on blockchain’s application for the financial world. There are several segments of the FinTech Industry that are already putting blockchain technology to advanced practice. In one of our previous articles, we discussed the financial use cases of blockchain in the remittance industry. Blockchain technology is also used by the companies in the lending industry, popularly known as bitcoin lending.
Kotak Digital Lending Challenge
Kotak Mahindra Group is one of India's leading financial services conglomerates. Kotak Mahindra Bank Ltd. has a national footprint of 1,348 branches and 2,051 ATMs spread across 675 locations. The bank has four strategic business units: Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India.
Kotak Digital Lending challenge is a focused search program by Kotak Bank, powered by MEDICI. The bank is looking for a digital lending partner. It seeks technology and business solutions from both startups and mature FinTechs. The additional focus is to identify FinTechs in the area of process automation in the digital lending space.
A one-month evaluation and selection process will be completed by Kotak with the help of MEDICI’s FinTech and digital lending experts to identify potential partners in the following subsegments of digital lending:
|Digital Lending||Financial Models||Business Models|
Commercial Vehicle Segments
Invoice Trading-Invoice Discounting
Any other innovative models
Any other innovative models
FinTechs can submit their company profile and nomination for the attention of Kotak Innovation Leadership. The selected partners will start working with the ‘implementation ready’ use cases with the bank immediately after the selection.
Kotak Digital Lending Challenge is open to entries from all over the world.
Application Dates :
Start Date : 02/03/2017
End Date :31/03/2017
13 Direct Lending Companies Empowering the Customer
For the past two to three years, the technology-based personal lending industry has been experiencing the launch of a wide range of promising ventures. With the high interest rates charged by the conventional financial institutions, the newly devised models launched by personal lending companies enable consumers to get access to quick and easy loans or refinance them at comparatively lower rates. We have seen a variety of lenders supporting millennials in their financial needs, hottest companies offering marketplace lending and much more. Realizing the power of alternative lending, banks started leveraging the opportunity to fund the debts of those lenders instead of missing on a value chain profitable link.
A Sector Snapshot of UK P2P Lending
Peer-to-peer lending (P2P) was founded in the UK in 2005 and is the leading source of online alternative finance for UK SMEs and consumers. Peer-to-peer lending has grown exponentially over the last few years with cumulative lending in the UK reaching almost £3.7 billion by October 2015, having approximately doubled in each of the last few years. The UK is the largest market in Europe, accounting for 85% of the European lending market. The UK’s success in P2P lending can be largely attributed to a positive regulatory environment and consumer attitudes that are wary of traditional banking.
U.S. Tech Platform based Alternative Lending Market Report 2015
Small-business owners who need quick access to capital have a burgeoning industry eager to fund them. Business lending through online platforms has grown significantly in the past two years. The tight credit environment in US is also fueling demand.
What Defines Alternative Lending Platforms?
The alternative lending industry went from an explosive growth, a goldmine for banks, to the cause of hot discussions over the viability of the very business models in the FinTech family. Some of the largest alternative lenders have been originating loans at such a pace that any bank can marvel at what technology can do in finances nowadays.
US Marketplace Lending - Segments, Trends and Challenges (Deep-dive Insight)
With low-interest rates for the saving class coupled with the low image of the banking segment after the financial crisis, online lending has secured a market that caters to the general customers and has been popular among the investors on account of the low default rate, hassle-free lending process and superior returns. Online lending marketplaces have created a unique asset class that provides a defined return while it takes into account moderately higher risk than a traditional government bond or a T-bond. However, this phase of lending is largely riding on untested waters – the industry overall has experienced low rates of defaults, strong borrower profiling leads to better risk profiling.
P2P Lending in China Is in a Big Frozen Trouble
The year 2016 may not be the year of FinTech in China as we have discovered recently. While the government was giving a “green financial light” to FinTech, it certainly didn’t see the other side of the coin.