secured lending

·Jul. 23, 2020

UK’s Selina Finance Raises £12 Million in Their Series A

Selina Finance launched in the UK a year ago to provide small business owners secured business loans; a small business...

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News Roundup Online Lending USA

·Apr. 24, 2017

YieldStreet Reports Lending of over $100mn

YieldStreet has reached $100 million in lending in less than eight quarters; the firm markets returns of 8% to 20% with a peer-to-peer lending model that offers secured loans; investment minimums begin at $5,000 and the platform has a range of investors including accredited, high net worth, family offices, registered investment advisors and institutional investors. Source

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Europe Fintech News Roundup

·Nov. 1, 2017

Assetz Capital Continues Profitable Run

After turning a profit in 2016 Assetz Capital has continue that trend in the first half of 2017 by posting a seven figure pre tax profit; “We have reported considerable growth and stability over the past four years, and now that profitably has been consistently achieved in parallel to that strong growth, we continue to go from strength to strength,” said Stuart Law, CEO of Assetz Capital, to AltFi; this shows a trend in the UK of secured P2P lenders having a better track record to profit. Source.

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Europe News Roundup Online Lending

·Apr. 3, 2017

Ablrate Receives FCA Authorization

The UK online lender was launched with a focus on secured aviation lending and has expanded to other types of transactions including secured capital equipment and property lending; it says the authorization will help it to expand and further concentrate efforts on its technological development; the firm has reported an 850% increase in loan volume in the last year; the firm has plans to launch in Australia and also expand to other regions. Source

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