Tagged: peer to peer

Lending Works Reflects on the Brexit Economy Two Months Later

Lending Works Directors Portraits

On Thursday, UK-based peer-to-peer lender, Lending Works, took to its blog to reveal the status of UK’s economy since voters made the Brexit decision, to depart from the European Union (EU),  just two months ago (June 23rd). The lender stated: “Depending which newspaper you’re inclined to… Read More

13 New Restrictions for China P2P Lenders as Rules Sink In

Chinese Peer to Peer Lending

Announced earlier this week, China has finally revealed its regulatory approach to online lending. To put this into perspective, peer to peer lending is huge in China – the largest online lending market in the world. The rapid ascension of P2P lending was driven by… Read More

Lending Club Hires former BlackRock & Morgan Stanley Executives

Scott Sanborn

As part of the rebuilding process Lending Club (NYSE:LC) is seeking out new hires with traditional Wall Street cred.  Today the leading marketplace lending firm has hired not one, but two former Wall Street bankers. Lending Club has appointed Valerie Kay, formerly an MD with Morgan… Read More

P2P Lender Arboribus Received Regulatory Approval in Spain

Arboribus

The Comisión Nacional del Mercado de Valores  (CNMV) in Spain has approved Arboribus to operate as a Participatory Financing Platform (PFP) joining a growing list of regulated platforms. Arboribus is an online lender providing access to capital for SMEs. A PFP is a new type of… Read More

Franchise Lender ApplePie Integrates with Orchard Platform

Denise Thomas

Orchard has added a unique online lender to its Market Data product. ApplePie Capital, a company that provides access to capital for the franchise industry will now accept institutional investors via the Orchard service. ApplePie is the first online lender solely focused on the franchises…. Read More

Shares in Yirendai Jump as Chinese P2P Lender Executes on Objectives

Yihan Fang, Yirendai CEO

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced Q2 results last week and the markets liked what they heard. While Yirendai held their earnings call on Wednesday, August 10th, it has taken a few days for the news to sink in…. Read More

Assetz Capital Receives 5-Star Rating From Defaqto

Stuart Law

Assetz Capital announced on Monday it received a 5 Star Rating from Defaqto in the independent financial information business’ first “Loan Based Crowdfunding” analysis. The UK-based lender is considered one of only four peer-to-peer finance platforms to have achieved the highest rating awarded by Defaqto. According to Assetz… Read More

Dianrong Points to Department of Commerce Report Labeling it the P2P Leader in China

Soul Htite and Ning Tang

Dianrong, a very large peer to peer lender in China (far bigger than any platform in the US), did some chest pounding yesterday.  In a release, Dianrong claimed the US Department of Commerce named the Chinese online lender the “Leader in China’s P2P Lending Segment.”… Read More

ThinCats Adds New Features for SME Loans

British Pounds Money £10

Peer to peer lender ThinCats has updated its system for SME loan grading. The online lender has released a “unique system” developed by Rolf Hickman, described as a pioneer in credit analysis.  Hickman was founder and CEO of the pH Group, now part of Experian,… Read More

Estate Guru Tops €10 Million in P2P Real Estate Lending

EstateGuru Team

Estonia based EstateGuru has announced having surpassed €10 million in peer to peer lending for over 60 real estate projects. EstateGuru has been in operation for two years. Headquartered in Tallinn, Estonia – a country that has a vibrant startup scene, founders Marek Pärtel, Marko Arro… Read More

Mintos Reports: Over €50M in Loans Financed on the P2P Lending Marketplace Since Launch

Mintos

Latvia’s peer-to-peer lending marketplace Mintos announced on Thursday, since its launch a year and a half ago, it has seen investors funding over €50 million in loans to both private individuals, along with small and medium-sized businesses. The website confirmed that the most loans have been financed from Latvia… Read More

FCA Grants Peer Funding Limited Permission to Operate P2P Business Platform

FCA Approved

On Wednesday, Peer Funding Limited announced the Financial Conduct Authority (FCA) has granted it full permission to operate its peer-to-peer business platform under Part 4a of the Financial Service Marketing Act. The website stated it joins only a handful of fully authorized peer-to-peer business platforms and has… Read More

Prosper Says Policy Changes Have Driven Lower Loan Delinquencies

Prosper Sign

Back in May, Prosper started a monthly update on performance of loans on their marketplace lending platform. The added transparency is welcomed insight – especially for smaller investors. Today, Brad Pennington, CRO of Prosper, published the July 2016 performance report. He stated that expected returns… Read More

Australian SME Lender Bigstone Receives $3 Million in Seed Funding

Stone Rock Mountain

Bigstone has announced $3 million in equity funding led by CVC Limited and the founders of Lighthouse Venture Partners along with participation from Australian private investors. This is the first funding round for Bigstone an SME lending platform that launched this past June. The peer… Read More

Here is the Q2 Earnings Deck for Lending Club

Scott Sanborn and Drone

Lending Club (NYSE:LC) announced earnings yesterday. The Q2 numbers were over-shadowed by the “resignation” of Carrie Dolan, the longtime CFO of Lending Club who joined the company when there were just 40 companies. During the conference call, Lending Club CEO Scott Sanborn stated that Dolan… Read More

David Snitkof of Orchard Shares Unique Insight into Online Lending Market Dynamics

David Snitkof edited

Orchard Marketplace is a platform that is uniquely positioned at the intersection of institutional money and online lending. If you are a large investor you are using Orchard to manage and access loans on all marketplace lending platforms. This perspective means that Orchard can easily… Read More