Tagged: p2p

Ciao Italia! Lendix Expands into Italy

sergio-zocchi

Marketplace lending platform Lendix has landed in Italy. The Paris-based operation has announced the appointment of Sergio Zocchi as CEO.  Lendix said that Zocchi has over 20 years experience in high-tech and finance as he leads the local Lendix team based in Milan. Lendix said… Read More

P2P Lender Landbay Granted ISA Manager Status By HMRC

Progress at Landbay 2

Peer-to-peer lending platform Landbay announced on Monday it was granted ISA Manager Status by HMRC. This news comes less than a month after the lender received full authorization from the FCA for peer to peer lending. The Landbay team stated that status will clear the way for the… Read More

On Hold: Wellesley Suspends Seedrs Campaign to Attract City Investors

alasdair-lenman

Just a few weeks after launching its equity crowdfunding campaign on Seedrs, peer-to-peer lending platform Wellesley has reportedly decided to suspend the initiative as it seeks to attract city investors. As previously reported, Wellesley sought to raise £1.5 million though the funding portal to continue operations…. Read More

Shanghai Office Vacancies Rise as P2P Lending Declines

Shanghai China

Apparently, the slowdown and consolidation of the Chinese peer to peer lending industry is having an impact on the real estate market. Colliers International is reporting that Shanghai Grade A office space experienced a rise in average vacancy due to the widespread withdrawal from peer to peer… Read More

Overfunding: P2P Lender Flender Surpasses £500,000 on Seedrs

flender-2

P2P lending platform Flender has successfully secured its initial £500,000 funding target on Seedrs. The campaign has attracted more than 230 investors.  Flender is authorized and regulated by the Financial Conduct Authority under Registration Number 657861. The online lender is currently looking to enable businesses and… Read More

The China P2P Lending Market is Finally Slowing

terracotta-warriors in china

The peer to peer lending market in China is the largest in the world. Thousands of platforms populate the online lending sector. The lack of appropriate regulations has allowed many platforms to set up operations quickly and easily. It has enabled incredible acts of fraud…. Read More

FundedByMe Malaysia Launches P2P Forum “Let’s Talk about P2P Financing”

scxsc2016-fundedbyme-malaysia

FundedByMe Malaysia announced on Thursday it is kicking off 2017 with the P2P forum entitled “Let’s Talk about P2P Financing” that will gather nine Malaysian registered market operators from the equity crowdfunding and P2P financing space under one roof this coming January 19th at The… Read More

4thWay Predicts UK P2P Lending Market to Grow Up to 50% in Coming Year

UK Charles Darwin Money

  4thWay, a P2P ranking site, has published a report on the UK peer to peer lending market.  According to their numbers, delivered another “record year”, with a total of £3.02 billion facilitated via 35 various platforms in the UK. The totals are as follows: Consumer loans… Read More

Indonesia: New Fintech, P2P Regulations Released

ojk-indonesia-facebook

Indonesia has released a new set of regulations for the fintech sector, in particular, for peer to peer lending platforms. According to a report in Deal Street Asia, the Indonesian Financial Services Authority (OJK) laid out the following rules: Registration – P2P lending (pinjam meminjam) startups must… Read More

Wellesley Aims to Raise £1.5M on Seedrs for Further Expansion

invest-with-wellesley-on-seedrs

Peer to peer lending platform Wellesley has been crowdfunding on Seedrs for almost a month to raise £1.5M (approximately $1.82M). The campaign is currently restricted to Wellesley customers so it is hard to track. Investors have the chance to buy shares in the P2P platform… Read More

What to Watch For in Marketplace Lending During 2017

goldstone_deep-space-communications_antenna-2

Predicting what will transpire in the coming year is always challenging, particularly in relatively nascent and growing industries such as marketplace lending. While surprises are undoubtedly in store for 2017, indications are that certain trends—the growth of bank partnerships and industry consolidation—will continue and accelerate… Read More

Advisor Focused P2P Platform Octopus Choice Receives FCA Approval

FCA Approved

Peer to peer lending platform Octopus Choice has received full authorisation from the Financial Conduct Authority. Octopus Choice is part of Octopus Investments. The company said the FCA approval was a first for an advisor focused P2P platform. Richard Wazacz, Head of Octopus Choice, commented on the… Read More

Top Ten Fintech Predictions for 2017

the-future-of-fintech

The following are my top ten Fintech predictions for the coming year. While 2016 has been a momentous period in Fintech innovation there is more to come. 10 – Sensors Internet of Things (IoT), Wearables, Smart Home and Connected Car will bring massive change to… Read More

Crowdstacker’s Karteek Patel Reports: IFISA Secures £1 Million A Month

Karteek Patel

This week, co-founder and chief executive of Crowdstacker, Karteek Patel, revealed the lender’s Innovative Finance ISA (IFISA) has attracted £1 million from investors each month. As previously reported, Crowdstacker currently offers P2P investment opportunities backed by British businesses that are said to have a good track record… Read More

Silver & Gold: P2P Lender Silver Bullion Passes $20M in Secured Lending

singapore-5-troy-oz-gold-proof-coin

Silver Bullion is a one of a kind online lender. The peer to peer lending platform based in Singapore is a secured lender that backs up each loan with gold or silver bullion. Launched in mid-2015,  Silver Bullion has just announced it has surpassed S$20… Read More

Prosper President Ron Suber: “Change is the Only Constant. Victory Goes to the Ones Who Change”

Ron Suber 2

In the world of alternative finance, one US industry was probably happy to see 2016 end. Online lending, both marketplace lenders (née P2P lending) and balance sheet platforms, hit the proverbial brick wall during last year. Rumblings of a more challenging environment picked up in… Read More

Fintech Investment in India Picks Up After Demonetization Move

i love fintech

Over 25 startups in the online lending space have rapidly emerged over the past two years, according to TechCircle analysis.  Despite signs that global fintech investment was slowing in 2016, VCCircle‘s analysis for 2017 suggests that such investment may pick up again. Arti Singh and… Read More

Crowdfunding & Fintech Predictions for 2017

Fortune Cookie Golden Investments Ahead Future

Last year due to time constraints I was unable to publish my list of Crowdfunding/Fintech predictions for 2016. This year I am back once again, for better or worse, peering deep into my crystal ball with a list of prognostications for the coming year. The… Read More

Capgemini: Fintech Disrupts Testing and Quality Assurance

capgemini-world-report-fintech-2017

Renu Rajani, Vice President of Capgemini, opined earlier this week that Fintech’s revolution this past year has disrupted trends in testing and quality assurance (QA).  The observation is based on findings further described in the firm’s latest fintech report, World FinTech Report 2017, which was published earlier… Read More

Indian Demonetization & Rupee Reform: The Uber Moment Fintech Needed?

India Money

When Indian Prime Minister Narendra Modi announced in November that the country would no longer use its R500 and R1000 (approximately $7.50 and $15.00) currencies — which make up 86 percent of all cash in circulation in India — observers questioned the wisdom of the… Read More