Tagged: peer to peer

Lendit USA

LendIt USA is the world’s largest annual gathering of the online lending community. This year we will host the largest exhibition ever assembled in our industry with every major platform from around the world. LendIt USA is the must attend annual industry event. Last year’s event attracted almost 1,000 attendees. This year, we expect to… Read More

Lufax CEO: Big Risk of Fraud in China P2P Lending

China Peer to Peer Lenders

Speaking on a panel discussion at the Boao Forum in southern China, the CEO of Shanghai Lujiazui International Financial Asset Exchange (commonly referred to as Lufax), Gregory Gibb, addressed the pressing issue of fraud. The peer to peer lending industry in China has experienced supercharged growth over the past few years but has been plagued by fraud and… Read More

VPC Specialty Lending Adds Positions in OnDeck, Funding Circle & Others

One Pound UK £

VPC Speciality Lending Investments (LSE:VSL) has published a brief comment stating they have added investments in several direct lenders including OnDeck Capital, Funding Circle (USA), Upstart Network, Borro and Kreditech.  VPC has also provided a balance sheet loan to Applied Data Finance.  The company acquired these investments from private funds managed by the Company’s investment… Read More

China Experiences a Surge in Internet Banking

Chinese Peer to Peer Lending

Data published by the China Banking Association indicates a “surge” in internet banking.  According to a report in ECNS, individuals using online banking services has hit 909 million – an increase of 150 million compared to the year prior. Financial transactions totaled an astounding 60.85 billion during 2014 and increase of 22%, with 67.88% of… Read More

Funding Circle & Lancashire County Council Partnership Boosts 230 Local Businesses

Lancashire County Council

Peer to peer lender Funding Circle and Lancashire County Council have shared some data points on their partnership to provide capital to local businesses.  According to the pair, Lancashire County Council has directed over £1.5 million to 230 different companies.  The arrangement between the two entities was launched 2 years ago with the Council providing… Read More

P2P Lender SocietyOne Hires Simon Schwarz as New COO as Firm Grows

SocietyOne Thinks Outside of the Box

Australia based peer to peer lending platform SocietyOne has added to its executive team with the appointment of new Chief Operating Officer Simon Schwarz. The new hire will help position the platform for further growth as the P2P lending industry continues to disrupt traditional banks with its more efficient and cost effective approach to matching… Read More

FCA Publishes Business Plan for Coming Year

British Pounds Money £10

The UK Financial Conduct Authority is a relatively new entity having only been formed in 2013, reconstituted from its predecessor the FSA.  The transformation, which saw the responsibilities of the FSA migrated over to three different regulatory bodies, was engendered in part by the financial crisis and the associated political realities. The FCA’s plan for… Read More

Kabbage Extends Reach into Australia with License Agreement by Kikka Capital

Kabbage Small Business

The lending environment is heating up in Australia with peer to peer lending platforms on the move. Now Kabbage, an online lender providing small business loans has announced a partnership with Kikka Capital to power its small business lending service commencing in May.  The collaboration between Kabbage and Kikka was described as a “significant expansion”… Read More

French Peer to Peer Lender Unilend Raises € 8 Million in Funding Round

Nicolas Lesur, CEO of Unilend shares his perspective

Peer to peer lending platform Unilend has announced a significant investment in the amount of € 8 million from BPI France, a state government investment fund, Ventech and 360 Capital Partners.  The direct lender was launched in 2013 prior to formal regulations which were finalized in the Fall of 2014. Unilend has grown quickly having captured… Read More

Funding Empire Launches New Asset Backed Lending Product in Partnership with BLX

Funding Empire Tablet

Peer to peer lender Funding Empire has announced a new, asset backed product in collaboration with The Business Lending Exchange (BLX).  The announcement was described as the “first product” in regards to the strategic relationship between Funding Empire and BLX. The new products are available as of tomorrow (March 24th).  As part of the agreement… Read More

Lending Works Seeks to Put UK Pensioners First; Launches New Services for Older Lenders

Lending Works Directors Portraits

Lending Works, a peer-to-peer lender for insurance against borrower default risk, is pleased to announce the launch of several new features aimed at the UK pensions market, as new pension rule changes come into effect in April 2015. More than 52% of Lending Works’ lenders are aged 55 or older, indicating a growing inclination among… Read More

DirectMoney Peer to Peer Lender Will List Shares in Australia

DirectMoney

Peer to peer lending platform DirectMoney is said to be preparing to publicly trade shares on the Australian Securities Exchange (ASX) within the next eight weeks. If it successfully lists shares it will become the first platform to trade in Australia and one of the first platforms to offer shares in the world.  Late last… Read More

Dealstruck Selects Ryan Campbell to Lead Sales Team

Ryan Campbell

Direct lender Dealstruck added another name to its executive bench today. Ryan Campbell has been appointed VP of Sales and will need the peer lending platform’s push to grow sales and revenue.  He will be tasked with the overall productivity and effectiveness of attracting new customers. Campbell previously served as Senior Vice President of Business Development… Read More

Facebook Releases New P2P Payment Feature. What’s Next?

Mark Zuckerberg

Facebook has just announced the release of a new “P2P” payment feature incorporated in its messenger service. The application will allow users to send & receive money to each other using their platform. Facebook launched the service saying “it is easy, and it is free”.  The service is expected to be available for US desktop and mobile… Read More

Peer to Peer Lenders Encouraged by Osborne Speech & Tax Break Policy

United Kingdom Budget UK

Earlier this week George Osborne, Chancellor of the Exchequer, took his story up to Parliament to share his view of the UK economy and his strategic vision going forward.  The speech was broadly well-received, and as politicians typically do, there was something for everyone including a tax consultation on newspapers (to help the jurassic industry maintain… Read More

Research and Markets’ Unveils Lending Market Report on Peer-to-Peer and Online Platform-based Business Lending

P2P Word Cloud Boost

Research and Markets has announced the addition of the “US Alternative Lending Market Report: Peer-to-Peer (P2P) and Online Platform-based Business (OPB) Lending” report to their offering. The future of alternative lending is looking bright in the US. Non-traditional alternative lending has grown rapidly in the last few years. Alternative lending caters to those customers who need cash… Read More

China Banking Regulatory Commission is Circulating Peer to Peer Lending Rules

China the largest Peer to Peer Lending Market P2P

The China Banking Regulatory Commission (CBRC) is preparing to tighten the regulatory environment for the fast growing peer to peer lending industry. According to multiple reports, rules have been drafted and are being distributed for review by various industry experts and platform operators. An internal meeting was held last week at the CBRC where proposed rules… Read More

Landbay Hires New COO as P2P Lending Business Grows

julian cork

Peer to peer mortgage lender Landbay has appointed Julian Cork as Chief Operating Officer. Julian has been hired aid in the rapid growth being experienced by the funding platform. He will be joining co-founders John Goodall and Gray Stern in the buy to let focused platform. Julian previously spent 15 years at JPMorgan and was… Read More

Canada’s First P2P Lender Grouplend: Application Volume Soars

Canada Kayak Water

Grouplend, Canada’s first peer to peer or marketplace lender, says demand is soaring for its services. Grouplend has just passed $30 million in consumer loan applications. “With unprecedented demand for our fast, convenient and cost-effective borrowing platform, we’re excited to announce that we’re making our rates much more precise, much more personalized and much more… Read More

VPC Specialty Lending Investments Successfully Lists on London Stock Exchange

Peer2PeerLendingUK

VPC Specialty  Lending Investments PLC has successfully listed shares on the London Stock Exchange (LSE) on the “premium listing segment of the Official List.  VPC will trade on the LSE under ticker symbol VSL.  VPC was created by asset manager Victory Park Capital, a firm that has been aggressively investing in peer to peer lending… Read More