Tagged: peer to peer

In Germany, Awareness of P2P Lending Lags UK By Three Years, And Lags US By Another Three Years: Video

lendico

    In Germany, investment crowdfunding is doing well–both debt-based and equity-based crowdfunding jumped notably in Q1 2015 versus Q4 of 2014, according to numbers from the German Crowdfunding Network. What of the country’s peer-to-peer lending? Dominik Steinkuehler, co-founder and CEO of Lendico, a multinational P2P lending platform,… Read More

National UK Survey Finds 7 Percent Of Over-65s Will Consider P2P Lending, Following Change In Pension Rules

older couple watching

    A recent national survey in the UK found that 7 per cent of over-65s, about 728,000 people, will consider peer-to-peer lending, according to Yorkshire Building Society, which conducted the survey, and FT Adviser. Yorkshire Building Society is among the largest building societies in the UK, with… Read More

Zencap Gets Big Boost with €230 Million Investment from Victory Park Capital

Uber Zencap

Victory Park Capital (VPC) announced today it is investing up to €230 million in loans originated on the Zencap platform over a 3 year period.  German publication Handelsblatt called the investment “a record deal for a German startup” and “the most ever for a continental… Read More

Why Invest in Marketplace Lending Loans? Great Returns Of Course

Money US Dollars

In a recent write-up on the Orchard blog, the FinTech company profiled Don Davis, Managing Partner of Prime Meridian Capital Management. Davis launched the Prime Meridian Small Business Lending Fund in the summer of 2014. The objective was to lend to high quality SME loans… Read More

Giles Andrews Out as Zopa CEO. Replaced by Jaidev Janardana

Jaidev Janardana

Leading peer to peer lending platform Zopa has announced an executive shake-up that has removed Giles Andrews as CEO. Effective immediately, Jaidev Janardana is the new CEO of Zopa. Andrews, a Zopa co-founder, will now be Executive Chairman of the fast growing direct lender. Janardana… Read More

Bondora Announces Improvements for Investors in P2P Lending

Euros 200 Money

Peer to peer lending platform Bondora has announced forthcoming updates to its platform that marks a significant improvement for investors.  According to Bondora, coming this fall a new passive investing feature will be incorporated into their site. This should make it easier for new investors to… Read More

CoAssets Looks to Expand in Malaysia

Malaysia Coin Ringit

Real estate crowdfunding platform CoAssets is looking to set up shop in neighboring Malaysia.  Earlier this year Malaysian securities authorities announced the approval of 6 investment crowdfunding platforms but CoAssets, based in Singapore, was not on the list.  Denied at the time,  CoAssets is currently… Read More

P2P Lender Dianrong Receives $207 Million Investment led by Standard Chartered

Dianrong Bank of Tomorrow

Dianrong, a Chinese peer to peer lending platform, has received a new funding round in the amount of $207 million led by Standard Chartered with  participation from China Fintech Fund and Bohai Leasing.  The Series C funding was declared the largest ever for the direct… Read More

Airbnb for Cars Ascendia Drive Successfully Secures Nearly £400,000 on Seedrs

Graeme Risby and Rob Larmour

Last month, Maidstone-based airbnb for cars Ascendia Drive launched an equity crowdfunding campaign on Seedrs to raise funds to disrupt the $60bn car hire industry. The company is described as a peer-to-peer car rental platform that allows users to “own their driving experience,” without owning the car. It helps drivers to find, review… Read More

Symbid Co-Founder & CEO Korstiaan Zandvliet: Commitment to Transparency Sets Platform Apart from Competitors

Symbid Quote

“The last three months have seen around $150 million provided to 144 small businesses within The Funding Network. We’re estimating our total funding volume in 2015 to be around $800 million. Beyond that, I see huge potential for Symbid if we can continue to expand… Read More

Laimonas Noreika, CEO of Lithuanian P2P Startup FinBee; We are About Borrowing for Less & Earning More When Investing

Laimonas Noreika

Last week, CEO Laimonas Noreika led the launch of Finbee, the second peer-to-peer lending platform to launch in Lithuania.  Lithuanian and British-owned, Finbee opened its P2P lending service to international investors today. Lithuania is a country that is aggressively courting businesses as a country that is… Read More

Lending Club Settles with Consumer Financial Protection Bureau on Borrower Confusion Associated with Springstone Financial

CFPB Logo

Lending Club (NYSE: LC) subsidiary Springstone Financial has agreed to settle with the Consumer Financial Protection Bureau (CFPB) in an issue relate to the “staff’s concerns on possible borrower confusion about the terms of a deferred interest product”.  The program in question was terminated by… Read More

Canada’s P2P Lender Grouplend Announces $10.2M Financing Round Led By PlentyofFish’s Markus Frind & Peer 1 Hosting’s Lance Tracey

Grouplend Canada

Grouplend, Canada’s peer-to-peer (P2P) lending platform, announced on Wednesday that it has closed an additional round of financing, having raised $10.2 million since launching ten months ago. The round is being led by Markus Frind, CEO of PlentyofFish, and Lance Tracey, founder of Peer 1… Read More

TWINO Guarantees P2P Loans with Buyback Promise

TWINO FinaBay

Latvia-based peer to peer lending platform Twino has reaffirmed its push to offer investors a unique buyback guarantee.  Twino states it is the only European direct lender to offer such assurance. Part of parent company FinaBay, the Twino states it has 7 years of online lending experience and… Read More

US Department of Treasury Extends Deadline for Comments on Marketplace Lending

US Department of Treasury

The US Department of Treasury issued a “Request for Information” (RFI) on the burgeoning Marketplace / P2P lending sector several weeks back.  As summer vacations are quickly coming to an end, Treasury has decided to give direct lenders and interested parties a bit more time… Read More

MarketInvoice Raises £6 Million in Series A: “Time to Put Our Foot on the Accelerator”

Anil Stocker

UK-based peer to peer lender MarketInvoice has raised a solid £6 million in a Series A funding round.  MarketInvoice is a direct lender that provides interim funding to firms via invoice financing.   MarketInvoice previously raised £5 million in December 2014. Launched in 2011 the… Read More

Peer-to-Peer Platform NSR Invest Forms Partnership with Lending Club

Handshake

NSR Invest, a managed account investment platform that provides peer-to-peer (P2P) investment tools to financial advisors, today launched a new generation of software that will allow financial advisors to easily establish and manage separate Lending Club investment accounts on behalf of NSR Invest’s clients through… Read More