Tagged: peer to peer

Startupbootcamp Holds First Singapore Fintech Demo Day: Blockchain and Wealth Management Seen Trending

startupbootcamp fintech

Startupbootcamp FinTech, a global accelerator focusing on financial innovation, hosted its first Demo Day in Singapore on 29 July for the top 11 FinTech teams selected out of 300 applications earlier this year. “Startupbootcamp FinTech is the first FinTech accelerator in Singapore and the only… Read More

Next Finance Industry Veteran Makes Move to New Finance as CommonBond Announces Morgan Edwards as CFO

Morgan Edwards headshot

Direct lending platform CommonBond has selected Morgan Edwards as its new Chief Financial Officer.  Edwards has spend the last 7 years as an MD at Macquarie Capital.  According to a company report, Edwards has tallied over 25 years in traditional finance.  At Macquarie he played… Read More

Dealstruck Forms Partnership with LendingTree

Dealstruck Approved

Direct lender Dealstruck has formed a partnership with LendingTree, an online loan marketplace. According to Dealstruck, LendingTree’s customers will gain access to Dealstruck’s multiple credit products. LendingTree has facilitated over 55 million loans to date. Dealstruck sited an example of Dennis Corrado who used a… Read More

Shadow Banking In China: Tighter Regulations Slowing Core Alternative Finance Activity, But Others Expanding More Quickly, Says Moody’s

shadow hand bird

  Moody’s Investor Service on Monday said that tighter regulations in China, which is Aa3 stable, have been successful in slowing the growth of core “shadow banking” activity. However, other alternative banking activities have been expanding more rapidly–a situation akin to pushing down on an inflating air mattress and watching the surrounding space rise… Read More

Orchard Provides Feedback on Recent US Treasury Interest in Marketplace Lending

US Department of Treasury

  Last week Crowdfund Insider published a report on how the US Department of Treasury was investigating marketplace lending and the rising prominence of online, direct lenders. While the interest is certainly understandable, anytime the government shows up – industry gets concerned.  While Treasury stated their… Read More

Funding Societies Partners with Orangefield Trust in Singapore

Funding Societies

New peer to peer lending platform Funding Societies has inked a partnership with Orangefield Trust to hold funds from lenders.  The collaboration is said to “provide lenders with greater confidence in engaging P2P lending platforms”. “We have taken steps to ensure there is no mishandling of… Read More

P2P Global Successfully Raises £400 Million

P2P

P2P Global Investments has successfully raised £400 million bringing their total raised to date to £870 million.  The Issue, which was over-subscribed, will issue 40 million C Shares, of which 38,200,016 C Shares will be issued under the Placing and 1,799,984 C Shares will be… Read More

Report: An Update on the Marketplace Lending Ecosystem (Infographic)

Marketplace Lending 2

  Orchard, the conduit platform for institutional money flowing into direct lending platforms, has published an update on the marketplace “Lendscape”.  Orchard is uniquely positioned to provide perspective into the evolving ecosystem because the majority of substantive marketplace lending platforms are plugged into their network…. Read More

Women Investors are a Force to Be Reckoned With

I love Peer to Peer Lending P2P

Something strange is happening. It may be received wisdom that women tend to invest less than men, and that when they do they are more risk averse, but something is up. Something is changing and it’s changing in a pretty fundamental way that might mean… Read More

Brief: ThinCats Hires Jill Sandford as Head of Risk & Recoveries

ThinCats Logo

Peer to peer lender ThinCats has appointed Jill Sandford as Head of Risk and Recoveries. She joins ThinCats on secondment from Baker Tilly a leading firm of business advisers where she is a Director of Restructuring and Recovery. According to ThinCats, Sandford will be responsible for… Read More

VPC Specialty Lending Investments Has Invested in 16 Different Marketplace Lending Platforms

peer lending 1

VPC Specialty Lending Investments (LSE: VSL) has announced that it has invested net IPO proceeds into 16 different direct lenders, in the US, UK and Europe, covering both the consumer and SME loan space. VPC states that it continues to execute on its capital deployment… Read More

Funding Circle Lends $235 Million in Q2, Adds to Executive Staff to Manage Lending Growth

Jerome Le Luel

Funding Circle has declared approximately $235 million in lending for Q2, boosted in part by a solid June that saw $100 million in loans alone. Funding Circle stakes the claim as the “world’s leading online marketplace for business loans”. Funding Circle stated the US market grew a… Read More

Brief: CircleBack Lending Raises $17.5 Million in Funding Round

Money US Dollars

CircleBack Lending has raised $17.5 million in funding according to information provided by Owler. CircleBack retweeted the information late last week. Owler places the total raised to date at $23.9 million with the most recent funding topping previous rounds. No further details have been made… Read More

Just Released: China’s New Guidelines For Online Finance Market

Great Wall of China

    With China’s stock market crash still recent, the People’s Bank of China (PBC) released guidelines for the country’s rapidly burgeoning online finance market at the start of this weekend, outlined in a document published by the PBC.  The peer to peer lending industry in… Read More

UpStart Next Gen Marketplace Lending Platform Raises $35 Million

Upstart $35 million

  UpStart, a three year old marketplace lending platform founded by former Googlers, is a next generation direct lender that wants to leapfrog existing platforms by providing turbocharged data processes to making loans. The first generation marketplace lenders saw opportunity in the bloated and punch… Read More

UK P2PFA: £500 Million in Peer to Peer Loans in Q2 2015

UK P2PFA Members July 2015

The Peer to Peer Finance Association (P2PFA) in the United Kingdom has released its quarterly tally of P2P loans for Q2 and according to the association loans came in at £507,336,204. This is for both consumer and SME loans and represents an increase of £48,103,898… Read More

UK Government Publishes Consultation on Deduction of Income Tax from Interest on Peer to Peer Loans

Peer2PeerLendingUK

The UK Government has published a consultation paper on the deduction of income tax from interest on peer to peer lending. Closing comments are expected by September 18, 2015. The query tackles the issue of who should deduct and pay taxes. The challenge is not… Read More

New P2P Lender TWINO Will Buy Out Loans 60 Days Overdue

TWINO FinaBay

Twino, a new peer to peer lending platform based in Latvia, has added a new twist to the direct lending equation. According to the company, Twino will buy out loans if they are more than 60 days overdue.  While there are multiple direct lenders that… Read More

Funding Circle Lends $100 Million in June

Funding Circle Stack of Coins

Funding Circle is on a trajectory to originate around $1 billion in loans for 2015. The direct lender facilitated $100 million in loans in both the US and UK combined for the month of June, according to CEO and founder Samir Desai. The marketplace lending… Read More