Tagged: peer to peer

How can SMEs in the North of the UK Respond to the Hidden Credit Crunch?

Northern Powerhouse United Kingdom

Overdrafts have been small businesses’ go-to source of working capital for years now — a dependable way to cover short-term cash flow issues and ride out periods of instability. But since 2011, the banks have reduced or removed business overdrafts at a rate of £5… Read More

Louise Beaumont of GLI Finance Comments on Autumn Statement

George Osborne Autum Statement

Alongside the Chancellor’s Autumn Statement, there were several associated releases published by the Exchequer’s office.  Louise Beaumont, Head of Public Affairs at GLI Finance and a frequent commenter on policy issues regarding SME’s and the economy, has shared some thoughts regarding specific announcements presented by… Read More

Peer-to-Peer Lender Assetz Capital Set to Launch Innovative Finance ISA Account

Stuart Law

Following today’s Autumn Statement from Chancellor George Osborne, in which he  addressed the government’s success and pinpointing areas for economic improvement, Assetz Capital, one of the UK’s fastest growing peer-to-peer alternative finance platforms, revealed it is set to launch an innovative finance ISA account.  Stuart Law,… Read More

Dianrong May Raise $500 Million this Spring. Will Expand Into Other Markets

Dianrong office

Dianrong, a leading peer to peer lending platform in China, raised a respectable $207 million a couple months back.  Now the online lender is considering its next funding round which may hit half a billion dollars as the Chinese P2P market continues to outpace traditional… Read More

Lending Club CEO Renaud Laplanche Comments on Santander Exiting the Purchase of Loans

Renaud Laplanche

Lending Club (NYSE:LC) CEO Renaud Laplanche recently commented on the fact that Santander has been compelled to back off from purchasing Lending Club loans – for now.  Laplanche spoke to the FT about the status of the marketplace lending platform and gave an update on industry… Read More

Landbay Forms Partnership with My Home Move

Landbay Secured lending

Fast growing peer to peer lender Landbay has announced a new partnership with My Home Move. Landbay was said to be pleased to have found a conveyancing partner who shares their same vision of using technology to disrupt the incumbent mortgage market. My Home Move… Read More

ThinCats Australia Nears $2 Million in Lending After One Year of Operations

ThinCats Logo

ThinCats Australia has posted an update on their progress and according to the platform after one year of operations the peer to peer lending platform has arranged approximately $2 million in loans. Interest rates have ranged from 11.5% to 14.5% from a group of “diverse”… Read More

LendingRobot Adds Funding Circle to Automated Investment Platform

Emmanuel Marot  2

LendingRobot announced a new partnership this past week. Funding Circle, an SME marketplace lending platform, is now available to investors using LendingRobot’s auto investment service which previously listed Lending Club and Prosper loans. LendingRobot CEO Emmanuel Marot stated the addition demonstrated their platform was “extensible… Read More

FDIC Cautions Banks on Purchasing Loans from “Nonbank Entities”

Drawbridge Danger

The FDIC has published an advisory on Effective Risk Management Practices for Purchased Loans and Purchased Loan Participations.  The document states that banks should use caution when purchasing loans or participating in shared credit facilities.  Noting that some institutions have experienced some success to achieve growth… Read More

RateSetter Tops £1 Million in P2P / SIPP Investments

Ceri Williams RateSetter

Peer to peer lending platform RateSetter has topped £1 million in SIPP investments, this is a according to information provided by the company representatives.  RateSetter launched its pension offering this past April and is nearing £1.5 million in assets under management. RateSetter has formed partnerships… Read More

Woes with Chinese Custodian Banks

China smoking mandarin

When the State Council of China issued its guidelines for the internet finance industry in July, the single most talked about guideline among platform operators is the government’s encouragement of banks to provide custodian services for investor funds used for platform transactions. Many have interpreted… Read More

Bitbond Launches Bitcoin Purchasing Power Index: BitcoinPPI

Big Mac Hamburger

Taking a page out of the august Economist, Bitbond has launched BitcoinPPI; an index that measures bitcoin purchasing power measured in Big Macs.  Yes, that eternal benchmark of consumable wealth is put to use once again. The hamburger. The Big Mac index was launched by the… Read More

Beehive Celebrates One Year of Peer to Peer Lending

Beehive Startup of the year award

Dubai-based Beehive, a marketplace/P2P lending platform has celebrated it’s one year anniversary this week.  In September 2015, Beehive pioneered a global first by becoming the first independently certified Sharia compliant P2P platform.  With its Sharia-compliant offering, Beehive supports Dubai’s strategy to become the capital of the… Read More

Fight For Your Dreams: Q&A With Reynold Wijaya, Co-founder Of Funding Societies

Reynold Wijaya quote 22

  A co-founder of Funding Societies in his 20s, Reynold Wijaya is now the peer-to-peer lending company’s chief operations (Singapore) leader, and has helped bring the company’s funding to near $1.25 million. Funding Societies was among the first homegrown P2P lending companies to bring in a trustee registered with the… Read More

Funding Circle is Creating Meaningful Change in Lending

sam hodges Funding Circle

At a time when some are claiming that marketplace lending has not gone far enough to challenge the traditional banking system, Sam Hodges and Funding Circle have quietly proven that steadily acting on your principles and advancing your mission, can achieve meaningful change. It had… Read More

405,000 people could open up an Innovative Finance ISA in 2016

One Pound UK £

Hot of the press research by the Yorkshire Building Society (YBS) suggests that around 405,000 ISA savers could choose to use crowdlending (P2P), as it becomes part of the ISA family in 2016. This marks a huge number of people entering into the crowdlending market…. Read More

Funding Circle Partners with Barbergh & Mid Suffolk Councils on £2 Million Deal

Mid Suffolk

Two UK councils have partnered with peer to peer lending platform Funding Circle on a £2 million deal designed to assist local businesses access capital. Babergh and Mid Suffolk Councils will commence lending via Funding Circle this week.  Each council will channel £1 million for… Read More

Growing Up: Lending Club Has Been Tested, Survived & is Getting Bigger

Lending Club Office October 2015

  It has been almost a year and a half since my last visit to Lending Club and my last interview with Renaud Laplanche its CEO. A lot has changed since then, but even more has stayed the same. Lending Club is now a public… Read More

Small Business Lending in the US & UK (Deck)

Karen Mills London 2015

Karen Mills, former Administrator of the Small Business Administration and current Senior Fellow at Harvard University, co-authored a study on credit markets and SMEs back in 2014.  She recently presented at LendIt Europe on the state of Marketplace / Peer to peer lending. While at… Read More

Chinese Online Lenders Need to Have Flesh in the Game

where is the beef meat

  Last month I attended LendIt Europe in London (Oct. 20-21) to learn more about developments in the marketplace lending industry in the UK and in broader continental Europe. LendIt has once again done an excellent job organizing the conference and brought together a wealth… Read More