Tagged: peer to peer

OnDeck CEO Noah Breslow Shares His Innovative Vision for Marketplace Lending: Transforming How Money Flows

OnDeck IPO NYSE

“We are extremely excited by the possibilities of the next decade in the alternative finance market… OnDeck’s vision is to transform how money flows to small businesses by leveraging our platform to provide capital on demand for small business owners. The data flowing through a small… Read More

Brief: K-Lend Updates Loan Originations

AutoChina Truck

Auto China’s K-Lend, a peer to peer lending platform for vehicle financing, has just published an update for Q1 2015 operations. The Company announced that it recorded 1,180 new leases of commercial vehicles (primarily Class 8 heavy trucks) as part of the Company’s sales-type leasing… Read More

Karma Launches Out Of Private Beta to Transform Trust & Reliability In Peer-To-Peer Marketplaces

Karma 2

Karma, a platform that makes it easy to determine the reliability of people online through the use of its Karma Score, is launching out of private and into public beta today. The Karma Score’s unique algorithm makes it an ideal benchmark for the peer-to-peer community. With… Read More

Brief: Peer-to-Peer Community Entrepreneurs’ Organization Announces New CEO

Entrepreneurs' Organization

Earlier this week, the Entrepreneurs’ Organization (EO), a peer-to-peer community of entrepreneurs, introduced Vijay K. Tirathrai as its new chief executive officer. Tirathrai, who brings a wealth of business experience from both corporate and non-profit sectors, will focus on strengthening EO’s impact while driving the organization’s initiative of… Read More

Orchard Announces Two New Partnerships with Auto One & Interface Financial Group

orchard lendscape

Orchard Platform has announced two new partnerships as it extends its reach into a growing number of financial verticals in the direct lending space.  Orchard has signed up Auto One Acceptance and The Interface Financial Group (IFG).  Auto One is described as the “vehicle lender… Read More

LendInvest Celebrates 2nd Anniversary by Topping £300 Million in Loans

Birthday Cake

  It was just 2 years ago that UK based peer to peer lending LendInvest launched in partnership with its sister firm Montello to provide short-term bridge loans.  Today LendInvest claims the title of worlds largest P2P marketplace for mortgages having surpassed £300 million in… Read More

China Rapid Finance Provides Over 1.1 Million Loans in Just 3 Months

Great Wall of China

Peer to peer lender China Rapid Finance has originated an astounding 1.1 million in loans to Chinese borrowers in just three months time – as of April 30th. The impressive number is indicative of the demand for capital in the largest P2P lending market in… Read More

Bitbond Receives € 600,000 in Angel Funding to Grow Lending Platform

Bitbond See No Evil

Berlin based global bitcoin lending platform Bitbond has received a cash infusion to grow its lending platform. The angel round of € 600,000 now brings total capital raised for the site to €800,000. The new funding was led by Bitbond’s earlier seed investor Point Nine Capital, along with a… Read More

UPDATE: Launch of New Zealand P2P Lender LendMe Delayed By Alliance Talks With Local Bank

LendMe

A New Zealand peer-to-peer lender recently dubbed the first P2P lender in the country to specialize in secured lending has delayed its launch, according to Interest.co.nz. The delay is due to the company, LendMe’s, planned talks aimed at forming an alliance with a New Zealand bank. LendMe founder… Read More

Peer to Peer Platform Beepi Announces Expansion of Services to Car Buyers & Sellers in Texas

beepi 1

Beepi, a peer-to-peer marketplace for buying and selling cars online, announced its expansion to Texas. The market launch provides residents with local inventory, vehicle inspectors and customer service resources to support its secure online car buying and selling platform in Austin and Dallas, and soon Houston… Read More

RateSetter Boosts Management Team with Two New Hires

Ratesetter OMahony Battersby

As the RateSetter peer to peer lending platform grows, so must the team that manages their dramatic growth. RateSetter, UK’s largest P2P lending platform (according to monthly volume) has announced two new hires: John Battersby will take the position of Head of Communications which also… Read More

Investment Crowdfunding in Germany Jumps in Q1 of 2015

GCN Crowdfunding Market Q1 2015

The German Crowdfunding Network has just published first quarter 2015 numbers for the crowdfunding market.  It is interesting to note that both debt based and equity based crowdfunding jumped significantly versus Q4 of 2014.  The association also tracks rewards based as well – this sector… Read More

Shanghai Listed Real Estate Developer Changes Company Name to Include P2P. Boosts Investor Interest. Exchange Halts Trading

China statue

Just another sign that internet finance is hot, and probably too hot, in the largest peer to peer lending market in the world. According to a report, Shanghai Doulon Industry announced it would be changing its business name to P2P Financial Information Service.  An announcement… Read More

China Banking Regulatory Commission Said to Ban High Risk P2P Products

Flag_of_the_People's_Republic_of_China

With final regulations expected this coming June, details continue to trickle out regarding the approach the China Banking Regulatory Commission (CBRC) will take in cracking down in a rather chaotic peer to peer lending industry in China. China is presently the largest peer to peer… Read More

Cloud Lending Launches Loan Application Exchange

money dollars 100s benjamin franklin

Cloud Lending, an end to end cloud based lending & leasing solution, has added another feature to their financial software solution.  Cloud Lending has launched a Loan Application exchange that targets the peer to peer lending and other internet finance platforms. The new “CL Exchange”… Read More

RateSetter Hires New Head of Lending Operations. Sets Site on Institutional Money

Colin Hodges

RateSetter claims the title of UK’s largest peer to peer lender by monthly volumes.  The platform has lent over £173 million in 2015 alone.  The direct lender is looking to boost those numbers by targeting institutional funds and they have hired Colin Hodges to lead… Read More

Orchard: Prosper Delivers Rapid Growth in P2P Loans

Growth in Prosper Loans 2014

Orchard has just published a new analysis of consumer credit trends and repayment performance for the marketplace lending (P2P) industry. Orchard is a service provider that connects investors to direct lending assets so they have great access to data on the nascent industry. Orchard notes that… Read More