Lendbuzz announced today that it has closed a $100 million credit facility with MUFG. The additional warehouse capacity will fuel Lendbuzz’s continued loan origination growth, and support the company's efforts to bring the benefits of its AI-powered platform to more vehicle buyers and dealers. https://lnkd.in/en4ygKbp
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Today we announce the final close of West Street Loan Partners V, the latest in our series of flagship large-cap senior direct lending vehicles. The close comes amid a significant opportunity set in senior direct lending, driven by expected pick up in M&A activity as private equity dry powder is at an all-time high and sponsors seek to return capital to investors. Capital raised totaled more than $20 billion, with Loan Partners V closing significantly above target at $13.1 billion, in addition to $7 billion in large-cap senior direct lending managed accounts and $550 million of co-investment vehicles. Read the press release: http://ms.spr.ly/6043Y9mXR #PrivateCredit #Alternatives
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Awesome news!! Fantastic way to start 2024 - Happy New Year to all!! Given our significant growth, this continued support for Great Rock Capital Partners, LLC from our current and new bank partners provides significant capital to put to good use and growing even further in 2024. Contact me Jonathan Katz to discuss further. #assetfinance #termloan #workingcapital #growthcapital #privateequity #privatecredit
Great Rock Capital is happy to announce an upsize of its leverage facility agented by KeyBank. The facility provides over $550 million of capital and includes the recent additions of new lending partners EverBank and Axiom Bank, N.A. Brett Goodwin Christopher Tucker #capital #growthcapital #middlemarket #liquidity #assetbasedlending #termloan #workingcapital
Great Rock Capital Upsizes Leverage Facility
greatrockcapital.com
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The $900 billion question that led to a $10 billion answer. We were celebrating LendingClub's IPO in New York. $1 billion raised. $10 billion valuation. The first internet company to raise that much capital in an IPO. The mood was electric. During the celebration, Renaud, the Co-Founder and CEO, reminded me of a pivotal board meeting years earlier that changed everything. He had presented plans to expand beyond consumer unsecured loans into auto, elective medical, and small business lending. I stopped the meeting and challenged him: "Five months ago, you said we had a $900 billion credit card refinance market to go after. WHY in God's name would you spend one minute on other markets?" That feedback led Renaud to scrap the entire product roadmap for other loans and double down on their core offering. If you have a substantial TAM, stick to your primary product. This moment sharpened my investment philosophy: When you're onto something big, stay laser-focused. If your primary product isn't working, the answer isn't to launch more products. Figure out what's wrong with your existing product because you don't have a TAM problem.
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Transformational Senior SAP FICO Manager of Project & Program Management | Over 10 Years of Experience | Driving Strategic Change at Accenture, IBM, and KPMG | Washington, DC-Based Executive Consultant
Why Beaten-Down SOFI Stock Is a Promising Fintech Play for 2024 LINK: https://lnkd.in/eEUYEAjk Hashtags: #BankingAndFinanceNews #Finance #Technology #FinTech Please LIKE & REPOST
Why Beaten-Down SOFI Stock Is a Promising Fintech Play for 2024
msn.com
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Amazing news!! We are excited to share that we have closed a $28M funding round with Sageview Capital. 🎉 2024 will be the year for growth and innovation! Follow us here on LinkedIn or sign up for our newsletter on our website to keep up with the latest LoanStar news! #LoanStar #FundingNews #FinTech #EmbeddedLending #IndirectLending
LoanStar Technologies Announces $28M Funding Round Led by Sageview Capital
newswire.com
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It took 14 years, but Wealthfront has finally become profitable, recently registering its sixth straight quarter of positive net income. My latest Forbes story on how the once-struggling robo-advisor turned its business around: https://lnkd.in/eKM_qVrq Some interesting facts on its success: - When UBS canceled its deal in 2022 to buy Wealthfront for $1.4 billion, it had just 6 months’ cash left in the bank. - Wealthfront’s cash accounts–the equivalent of high-yield savings accounts that offer 5% interest–went from $9 billion in assets at the end of 2022 to $27 billion at the end of last year. - In 2023, it brought in $200 million in revenue (more than doubling from the year prior) and $89 million in profit before interest, taxes, depreciation and amortization.
How High Interest Rates Turbocharged A Struggling Robo-Advisor
social-www.forbes.com
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🔥 LenderMarket: Redefining P2P Investment Opportunities 🔥 We've delved into LenderMarket, a promising peer-to-peer lending platform that's making significant strides since its 2019 inception. Backed by Creditstar, LenderMarket offers a robust buy-back guarantee, attracting over 17,000 users with investments totaling €336 million. 📈 Key Takeaways: - A focus on consumer loans within Europe, providing a secure and diverse portfolio. - Commitment to transparency and investor security, underscored by Creditstar's established market presence. - Explore our comprehensive review to grasp how LenderMarket stands out in the crowded P2P landscape. 🔗 https://lnkd.in/e3JgRhsb 💡 Let's discuss the evolving dynamics of P2P investments and LenderMarket's unique position. #LenderMarket #P2PLending #InvestmentGrowth
Yiwa platorm review - LenderMarket - Yiwa
https://yiwa.io
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Senior Managing Director @ Greystone | Real Estate Financing | Multiple Billions of Properties Financed
Extend and pretend will end… Eventually Loan modifications have increased significantly in 2023 into 2024 As a workout strategy it makes sense, until it doesn’t The CRE lending ecosystem includes many additional parties (eg bondholders, warehouse lender, operating advisor, regulators, etc), each with their own interests and oversight that will shape their workout preferences and time horizons The next cycle is just beginning and will likely take years to play out. Some opportunities will drag out while others will accelerate Position accordingly #commercialrealestate #multifamily #multifamilyinvesting
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Unlock the Future of Home Equity Lending! Join us for an exclusive webinar hosted by FirstClose and MeridianLink! 📅 August 22nd ⏰ 11 AM PDT Discover how cutting-edge technology and seamless integrations can transform your lending process. Don’t miss insights from industry leaders on streamlining operations and boosting efficiency. 👉 Reserve your spot now! https://lnkd.in/gKV3r5_q #HomeEquityLending #Webinar #Fintech #FirstClose #MeridianLink
MeridianLink FirstClose Panel Discussion: Home Equity Lending Webinar
pages.meridianlink.com
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