Tag: Borro

Lenders, Keepers: An Investor’s Guide to the Online Lending Opportunity

Something old, something new, something borrowed… is a big opportunity in the online lending market.    In December 2014, investors with a keen eye on the world of fintech witnessed history in the making. First, Lending Club, an online peer-to-peer lending marketplace for unsecured consumer debt, began trading on the NYSE and within the month, had a valuation of over $9 billion. OnDeck, a web-based small business lender, followed suit with their IPO on December 17th, with a valuation at $1.5 billion. Shortly after, KPMG released its recent ranking of the best, most disruptive financial service tech companies. Not surprisingly, Lending Club and OnDeck ranked high in their 50 Best Fintech Innovators Report, at #6 and #7, respectively. That’s just the beginning of the story; there are a lot of reasons why the relatively young online lending industry heated up at the end of 2014 and will power investment opportunities through 2015. Before we go any further, let’s take a step back and understand what today’s online lending market fully entails. The Good, the Big, and the Ugly: A...

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What We’re Investing In: Current Investment Opportunities on OurCrowd (December 2014)

Happy holidays and welcome to OurCrowd’s ‘What We’re Investing In’ series. To date, OurCrowd and our network of angel investors have invested over $80M in 56 startup companies. Aside from these exciting investment opportunities, we are also launching a series of educational webinars with leading tech industry experts to further dissect the sectors that we are investing in. Stay tuned and visit www.ourcrowd.com for more information. Borro – Secure asset backed loans The 2008 financial crisis brought to light the desperate need for reform in the traditional yet antiquated banking and lending systems. In just six short years, companies like Lending Club and Prosper managed to capitalize on the opportunity and broker over $5B in unsecured, peer-to-peer loans. Borro, a UK-based lending platform takes a novel, more secure approach to online lending. Taking a loan from Borro requires pledging a physical asset, which is appraised and held in a warehouse for the term of the loan. Asset backed lending mitigates risk for the lender and allows asset rich individuals to borrow money without actually selling any of their assets....

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OurCrowd named top crowdfunding platform by KPMG

This month, OurCrowd was named the top equity crowdfunding platform in KPMG’s The 50 Best Fintech Innovators Report, reaching the number #22 spot overall. The 50 Best Fintech Innovators report is a collaborative effort between AWI, KPMG Australia and the Financial Services Council (FSC), and provides an analysis of the rapidly evolving fintech industry worldwide, identifying the global ‘50 Best’ performers. The report states that the selected companies are those using technology to the best advantage and driving disruption within the financial services industry. This report identified four other equity crowdfunding platforms in the top 50, including: CircleUp (#23), AngelList (#35), Crowdcube (#46) and Seedrs (#47). In the same list of innovators, KPMG also named a company that is currently raising funds on OurCrowd: Borro, an online lending platform who at #8, came in just behind the two recent IPO success stories of Lending Club (#6), and OnDeck (#7). Borro is a UK-US based, online asset-backed lending platform with an investor roster that includes the same early investors in leading fintech innovators such as Lending Club, Zopa, Wealthfront, and Funding Circle. Access the full list: The 50 Best Fintech Innovators...

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