Tagged: peer to peer

CircleBack Securitizes $106 Million as Marketplace Lending Grows

Marketplace Lending peer to peer

CircleBack Lending has completed its first securitization of consumer loans. The company reported $106 million was completed by Jefferies, an investment banking firm.  CircleBack revealed an agreement with Jeffries in 2014 to securitize up to  $500 million in loans in the coming years.  CircleBack stated… Read More

SoFi is the Fastest Growing Marketplace Lender

Fast Cars

Sofi, a marketplace lending platform, has been on a roll lately.  The direct lending platform closed a new securitization of  $411 million, all backed by student loans.  This was the largest securitization by a marketplace lender to date.  SoFi expects to $1 billion in securitization in Q3… Read More

Peer-to-Peer Lender Lufax Achieves New Milestone: Registered 10 Million Users

Greg Gibb Lufax

Lufax, China’s finance marketplace, announced today that its flagship P2P marketplaces have reached 10 million registered users. Gregory Gibb, Chairman and CEO of Lufax, stated: “We are excited to achieve this significant milestone. Our growth continues to accelerate as Lufax users experience the security, innovation and convenience… Read More

Brief: VPC Specialty Lending Ahead of Investment Target

peer lending 1

VPC Specialty Lending Investments (LSE:VSL), has released a statement that the company has invested 87% of net IPO proceeds which is “significantly ahead of the target to be substantially fully invested within six months of admission.”  VPC invests in peer to peer or direct lending… Read More

CrowdProperty Tops £1 Million in Lending

CrowdProperty Funded

Peer to peer lender CrowdProperty has passed its first £1 million milestone. The property lender launched late in 2014 and has set an ambitious goal of facilitating £20 million in loans its first year in operation. CrowdProperty stated the million mark was hurdled as its… Read More

Consumer Review Site Which? Rates P2P Lenders

peer lending 1

The largest consumer review site in the UK Which? has reviewed several peer to peer lending platforms. Which?, in operation since 1957,  now claims over 680,000 print subscribers and 335,000 online readers.  The non-profit entity tests and reviews a wide range of products and services,… Read More

CommonBond Closes First Securitization. $100 Million Issue Gets Investment Grade Rating

CommonBond Loans for Less

Direct lender CommonBond has completed its first securitization backed by graduate student loans.  The $100 million securitization received investment grade ratings from both Moody’s and DBRS of Baa2 and A (high) respectively.  Morgan Stanley served as lead underwriter and sole manager for the transaction. White… Read More

Cloud Lending Solutions Unveils Product Updates to Meet Global Customer Demand

cloud lending

Cloud Lending Solutions, the industry’s only end-to-end lending solution built natively on the Salesforce.com platform, just tweeted its multiple product updates to its loan and marketplace solutions, empowering lenders to get to market faster and simplify and automate their loan processes to drive revenue growth…. Read More

Legendary Musician & Entrepreneur Dave Stewart, Shares Insight on FAB Financial, Ideas Britain, Crowdfunding & Forthcoming Projects

Dave Stewart Featured

    Known for sporting a natty brown fedora, Stewart literally wears many hats. Grammy Award-winning songwriter Dave Stewart is a producer, author, director, photographer, filmmaker, and philanthropist whose music career spans three decades and more than 100 million album sales, highlighted by his collaboration with Annie… Read More

ThinCats Australia On The Lookout For Strategic Investors, En Route To Potential IPO

sunil aranha

ThinCats Australia, among the latest peer-to-peer lenders to join the Australian market, is on the prowl for strategic investors as it prepares for a potential initial public offering, notes the Australian Financial Review. The FR writes, It’s understood ThinCats Australia, backed by UK-parent ThinCats, is in discussions with… Read More

Bricks Financial Launches P2P Lending: “We are local business people who care about local growth”

One Pound UK £

Bricks Financial, founded in 2014, has opened up operations in Exeter as they seek to offer investors the opportunity to “high quality projects” in the region for borrowers who are  “local businesses, individuals and friends where banks are unable or unwilling to help”.  The new peer… Read More

Standard Chartered Plc. Among Investors in $150 Million Fundraising Round for China’s Dianrong.com

DIANRONG.COM

Update on a $150 million fundraising round in progress: Chinese online lender Dianrong.com is raising funds in a round that values the startup at about $1 billion, according to people familiar with the matter, notes BloombergBusiness. Investors include Standard Chartered Plc, a British multinational banking and financial services… Read More

VPC Specialty Lending Confirms Shares Qualify for ISA Inclusion

I love Peer to Peer Lending P2P

VPC Specialty Lending Investments PLC, a listed fund that invests in peer to peer lending assets, has confirmed that the companies shares qualify for ISA inclusion. HM Revenue & Customs have announced that commending July 1, 2o15, savers may take advantage of this new asset… Read More

Bond Street Receives $110 Million to Boost Lending to SMEs

Bond Street Loans

Bond Street Marketplace,  a direct lender for small business, has closed an equity / debt financing round in the amount of $110 million led by Spark Capital and Jefferies. New participants include Slow Ventures, Eagle Cliff, Nathan Blecharczyk (Co-Founder of Airbnb), David Chang (Chef and founder of… Read More

A Little Filing with Big Implications for Marketplace Lending

Chicago City Skyscraper

On Thursday, June 11, RiverNorth Marketplace Lending Corporation filed an N-2 with the US Securities and Exchange Commission.  RiverNorth is a Chicago-based investment management firm founded in 2000 that specializes in opportunistic investment strategies.   Many of RiverNorth’s investment products are structured as Closed End… Read More

UK Tax Authority HM Revenue and Customs Opens Up ISAs To P2P Investment Trusts

open sign

HM Revenue and Customs (HMRC), the UK tax authority, will allow savers to hold peer-to-peer lending investment trusts in their Individual Savings Accounts (ISA), according to CityWire Money. The change will take effect July 1–in about two weeks. The move is part of the government’s alternative… Read More