Tagged: peer to peer

Chinese Company Exits Truck Leasing to Focus on Internet Finance


Fincera, a company that started in the transportation and automotive leasing business, is getting out of this sector to focus on internet finance.  The company announced earlier this week that “the company’s legacy truck leasing business ceased initiating new leases in August 2015.”  It’s internet… Read More

Cross River Bank, Marlette Funding Partner on $100 Million Securitization in Marketplace Lending Push

marketplace lending

Cross River Bank, chartered in the state of New Jersey, has joined with Marlette Funding on a joint $100 million securitization transaction targeting the Marketplace Lending sector. This transaction is said to be the first completed jointly by an FDIC insured bank with a marketplace… Read More

Orchard Perspective: There Will Be A Global Shift in the Way Capital is Distributed

Matt Burton

Orchard, an important participant in the online lending world, benefits from a unique perspective.  The company powers the digital pipes that channel billions of dollars of institutional money into marketplace lending platforms.  As a valued partner in the P2P / Marketplace lending space, Orchard took… Read More

French Crowdfunding Platform Lendix Raises €1M For Building Company Orexim

Olivier goy

Just one year after France passed legislation permitting crowdsourced loans for small businesses, peer-to-peer platform Lendix has become the first to raise €1m in France for a company in a single transaction, according to the Financial Times. €1m, the maximum the new law permits, was raised for… Read More

What Does the UK Think of the US Marketplace Lending Sector? They Tell Us Here

Sam Ridler

Online lending is undergoing a bit of an introspective period.  The US Department of Treasury published a request for information which posed multiple questions to industry participants and interested observers.  The UK P2PFA took the opportunity to share their point of view from across the… Read More

Avant Raises $325 Million in Equity Funding, Partners with General Atlantic

One Thousand Dollars in Hundred Dollar Bills

Online lender Avant has inked a “definitive agreement” in a Series E funding round for $325 million. The funding is expected to close this October. Avant’s total equity raised now tops $650 million and debt raised goes to $1.1 billion. The lead investor in this… Read More

Lending Club Submits Comments to US Treasury as Interest in Marketplace Lending Grows

The Changing World of Banking

Lending Club (NYSE:LC), the largest marketplace lending platform in the US today, has submitted their opinion to the US Department of Treasury request for information (RFI) on the eve of the deadline for comments of September 30th, 2015.  Lending Club, the first publicly traded online lending… Read More

Lendio Funds 500+ Businesses In One Month

Brock Blake

Lendio, an online marketplace platform for small business loans, announced on Tuesday that it continues to show signs of growth by funding over 500 small businesses in one month. In addition, business owners from all 50 states have now been funded through Lendio’s online loan marketplace. These… Read More

Brief: Landbay Hires Paul Clampin From Paragon Group

Landbay houses

Landbay has announced a new hire in Paul Clampin appointed as Chief Lending Officer. Clampin joins the peer to peer lending platform from Paragon Group and is said to have over 30 years of industry experience. While at Paragon, Clampin was Director of Mortgage Underwriting. Landbay states… Read More

NSR Invest Adds MonJa’s P2P Analytical Tools in New Partnership

bo Brustkern

NSR Invest, a platform that brings institutional type tools to investors in peer to peer loans, has partnered up with MonJa to add more sophisticated analytics for NSR Invest users. San Francisco-based MonJa specializes in loan strategy and portfolio analytics driven by a team of… Read More

P2P Lending: Addressing the Challenges that China is Facing as its Economy Transforms

China the Forbidden City

Back in April of this year, Jimubox, a young peer to peer lending platform based in Beijing, closed a funding round of $84 million.  Jimubox, founded only in August of 2013, has quickly risen to become one of the leading direct lending platforms in the… Read More

RateSetter Declares Profit. Next Step, Take on Mainstream Finance

Rhydian Lewis

RateSetter has turned a profit for the second year in a row. The peer to peer lending platform states it is the “only major player in the sector to be profitable”.  According to the company, 2014-2015 results show a profit of £618,000.  Revenues more than… Read More

Brief: Peer-to-Peer Platform Ablrate Exceeds £3M in Funding Loans

ablrate team

Ablrate, a peer-to-peer lending platform that offers investors access to asset-backed loans against aircraft transactions, announced that is has completed over £3 million in funded loans. Ablrate broke £3 million in funded loans just over a year since official launch, with £1 million being completed… Read More

Harmoney Provides Update as Two New P2P Platforms Enter NZ Market

Harmoney Everbody is Happy

Harmoney, the first peer to peer lending platform in New Zealand, is welcoming some new competition. Recently the Financial Markets Authority authorized two new platforms; LendMe and Squirrel Money.  According to a report in the Stuff.co.nz, both platforms expect to launch before the end of… Read More

P2P Lender Landbay Takes Bank of England Stress Test & Shares Solid Results

British Pounds Money £10

Landbay, a peer to peer lender in the mortgage sector, has voluntarily taken the Bank of England stress test, provided by MIAC Acadametrics, and the results are said to be quite  positive. Landbay states it is the first direct lending platform to go through the… Read More

NSRInvest Brings Institutional Tools for Smaller Investors in Marketplace Lending Assets

NSRInvest Founders

Investing in marketplace lending assets (P2P lending) is super hot right now. The solid risk-adjusted returns provide an excellent opportunity for small investors to generate income. This is even more interesting in the historically low-interest rate environment of today.  The advent of institutional money cascading into… Read More

Prestamos Prima Launches Peer to Peer Lending for Real Estate in Spain

Spain Viventor Prestamos

Prestamos Prima, a Spanish finance group, has announced a new platform, Viventor, which will launch soon.  Viventor will be providing peer to peer loans secured by mortgages.  According to the website, no loan will be higher than 50% LTV. Andris Rozenbahs, CEO of the Prestamos… Read More