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New POS Financing Make It Simpler and Easier for Small Businesses to Improve the Customer Experience with Lending Options for Big-Ticket Projects Wilmington, DE – April 10, 2018 – Best Egg, the consumer lending brand of Marlette Funding, LLC, today announced at Lendit Fintech USA a partnership with Invoice2go, the mobile app that makes it effortless for small business owners and contractors to track work and get paid through easy-to-use…
Company posted biggest year yet in 2017, with strong originations growth, decreased CAC, and positive cash flow Wilmington, DE – April 9, 2018 – Marlette Funding, LLC, owner of the consumer-lending platform Best Egg, today shared year-end results and key accomplishments for first quarter 2018. In 2017, the company experienced originations growth of 66 percent, significantly reduced its customer acquisition costs, and ended the year with 3 straight quarters net…
Financial Services Leader to Identify New Product and Market Opportunities for Business Growth Wilmington, DE – March 28, 2018 – Marlette Funding, LLC, owner of the Best Egg personal loan platform, today announced the addition of Marshall Lux as an Advisor to the Board and Company. Marshall Lux has been a Financial Services consultant and practitioner for 30 years. He began his career at McKinsey where he served all manner…
Wilmington, DE, March 8, 2018 – Best Egg, the consumer lending brand of Marlette Funding, LLC, was recently named as one of the Top 20 Best Fintechs to Work For. The awards program was created in 2017 and is a project of American Banker and Best Companies Group. This survey and awards program is designed to identify, recognize and honor the best employers in the financial technology industry, benefiting the…
Wilmington, DE – February 21, 2018 – LendIt Fintech, the world’s leading event in financial services innovation, announced today that they have selected the Best Egg Personal Loan Platform provided by Marlette Funding, LLC, as a finalist in the Top Consumer Lending Platform category for the LendIt Fintech Industry Awards. The Top Consumer Lending Platform finalists were selected from companies that demonstrate a combination of loan performance, volume, growth, product…
Robust Investor Demand Marked by Milestones Including Positive Credit Trends Demonstrated by Fifth MFT Securitization of $464.3M and Appointment of New CFO Wilmington, DE, January 29, 2018 – Marlette Funding, LLC, the parent company of Best Egg, announced today it closed its fifth proprietary “MFT” securitization. Approximately $495 million of Best Egg loans were financed via $464.3 million of MFT 2018-1 Notes with four classes and one class of Certificates, with…
Financial Industry Veteran Will Be Key To Best Egg’s Broader Platform Ambitions
Wilmington, DE – December 18, 2017 – Marlette Funding, LLC, the parent company of Best Egg, today announced the promotion of Sabrina Basht to the position of chief strategy officer (CSO), effective immediately. In this role, Basht will continue to report to Josh Tonderys, President. Best Egg Strategy “Since launching the business in 2014, the organization has been singularly focused on building a scalable, digital loan platform that provides a…
Customer Accolades and Reviews are Testament to Best Egg’s Focus on Customer Experience Wilmington, DE – November 14, 2017 – Best Egg today announced that it has been named #1 winner in the personal loans category for the third quarter of 2017 from LendingTree. The quarterly list of top customer-rated loan products is based on actual customer reviews posted to the site and features the top companies in the mortgage,…
Continuing Momentum of Company’s Positive Credit Trends Demonstrated by Fourth MFT Securitization Wilmington, DE, November 8, 2017 – Marlette Funding, LLC, a leading provider of online consumer lending platforms and services, announced today it closed its fourth proprietary “MFT” securitization. Approximately $312 million of Best Egg loans were financed via four classes of Notes and one class of Certificates with certain loan sellers retaining risk on a portion of the Notes…
3rd MFT Securitization Furthers Establishment of the Company’s Securitization Program Wilmington, DE, July 5, 2017 – Marlette Funding, LLC, a leading provider of online consumer lending platforms and services, announced it has closed its third securitization from its proprietary “MFT” shelf. Approximately $369 million of Best Egg unsecured personal loan collateral was financed via three classes of Notes and one class of Certificates with certain loan sellers retaining risk on a…
2nd MFT Securitization Furthers Recognition of Company’s Positive Credit Trends Wilmington, DE, March 24, 2017 – Marlette Funding, LLC, a leading provider of online consumer lending platforms and services, announced today it closed its second proprietary “MFT” securitization. Approximately $333 million of Best Egg collateral was financed via three classes of Notes and one class of Certificates with certain loan sellers retaining risk on a portion of the Notes and/or Certificates.…
Wilmington, DE, August 3, 2016 – Marlette Funding, a leading marketplace platform, announced today it closed its first proprietary “MFT” securitization. Approximately $205 million of Best Egg collateral was financed via three classes of Notes and one class of Certificates with the loan sellers retaining a portion of Notes and Certificates. The Class A, B and C fixed-rate Notes were rated Single-A, Triple-B and Double-B by Kroll Bond Rating Agency (KBRA).…
Marlette Funding surpasses $1 Billion in Best Egg loans and leads the market in profitability.
Online Marketplace on pace for a 250% YOY increase in Personal Loan Volume.
Most consumer lending organizations pride themselves on “listening to the customer,” but for many, “listening” is actually more instinctual, with courses of action determined by previous experience or by examining past patterns of customer behavior.
Marlette Funding is looking to expand the company’s home improvement loan product through its online platform BestEgg, according to Sabrina Basht, chief strategy officer at Marlette.
All three tranches of Marlette’s MFT 2018-2 consumer loan securitization priced tight of guidance, according to a source familiar with the matter and Finsight.
American Banker – The retail lending unit of Marlette Funding meets regularly to make sure all employees are invested in its quarterly goals.
American Banker – Marlette Funding named one of the top fintechs to work. We are proud to be included in American Banker’s inaugural “Best Fintechs to Work For” list.
www.philly.com – The Wilmington-based small-business loan company makes 3- and 5-year small-business loans of up to $50,000, and charges rates starting around 5 percent.
Lending Times – Marlette Funding, LLC, the parent company of Best Egg
LendEdu– Marlette Funding, LLC, recently appointed Mark Elbaum to the position of chief financial officer
bankinnovation — Marketplace lender Best Egg will move towards financing consumer purchases
Sabrina Basht was promoted to the position of Chief Strategy Officer (CSO) for Marlette Funding, the parent of Best Egg
Sure, nobody’s perfect. But for those in charge of enterprise technology, the fallout from a strategic gaffe,
LendingTree users recently rated Best Egg No. 1 in personal lending, building Wilmington’s rep as a potentially major
Marlette Funding President Josh Tonderys Participated in a Q&A over the phone with LendEDU, offering insight on the personal loan market and its future.
Marlette Funding, an online personal loan lender, closed its fourth securitization transaction of personal loans in the past year, totaling $312 million.
The distributed ledger technology that underpins cryptocurrency like Bitcoin is rapidly going mainstream. Blockchain is building a tremendous amount of buzz as …
Cross River Bank, which boasts just one branch in suburban Teaneck, New Jersey
Marlette Funding generously adopted a Bancroft family and donated food and coats to Bancroft families during the holiday season.
Lend Academy The leading industry trade group, the Marketplace Lending Association (MLA), announced today that they have added 11 new members…
Marlette Funding has only been around since 2014 but they are already building a stellar track record. They were the fastest platform to reach $1 billion although…
Marketplace industry turmoil brushed off by Marlette as it pulls off big securitisation – AltFi News US based platform behind Best Egg closes MFT $205 m securitisation…
Josh Tonderys becomes president of Marlette, owner of the Best Egg brand, at a time of turmoil in the marketplace lending industry
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