Tagged: peer to peer

China Authorities Launch Site for Investors to Register Dodgy Finance Platforms

China Ministry of Public Security

The Ministry of Public Security (MPS) has launched a website where investors may submit platforms where they have been swindled out of their money. The new site is said to be designed to aid authorities as they investigate dodgy platforms.  The announcement, published in China News,… Read More

Autonomous on Online Lending: Banks Left the Door Wide Open & Digital Lenders Walked Right In

App Money iPhone

Independent research firm Autonomous has published a report on “Digital Lending” that estimates that online lending has an addressable market in the US and Europe of $2 trillion dollars.  This outsized opportunity (that others have estimated at being far larger) is married with many opportunities… Read More

P2P Lender Harmoney Nears Launch of Australia Expansion

Who is Lending to You Harmoney

Harmoney, the first peer to peer lender in New Zealand, is readying for it’s jump over to Australia.  While an exact date has yet to be set, Scoop reports that an invite-only beta launch will happen in the next few weeks so Harmoney can work… Read More

Lending Club Reports Operating Revenue of $427 Million. Will Start Share Buyback Program in the Amount of $150 Million

Renaud Laplanche 2015

The leading marketplace lending platform in the US Lending Club (NYSE:LC) reported Q4 and 2015 full year results this morning.  The company also reported that, to date, it has facilitated over $16 billion in consumer and SME loans.  Lending Club also revealed its intent to… Read More

European P2P Lender Bondora Opens Up API to Public

Bondora_API

Pan-European peer to peer lending platform Bondora has become the first online lender in Europe to open its API to the public.  The program interface is available to both retail and institutional P2P/ marketplace investors. This update to their lending ecosystem should facilitate investor access… Read More

Zopa Preps for Innovative Finance ISA

Money Pounds UK

The godfather of peer to peer lending Zopa, has published some information on the forthcoming Innovative Finance ISA.  The long awaited update to ISAs will finally take place this coming April. At that time, savers will be able to add P2P / marketplace lending assets… Read More

Latvian Marketplace Lender Twino is Not Magic, It is Reselling Short Term Consumer loans

Jevhenijs Kazanis Twino

Today at Finovate Europe in London, quite a few attendees were startled to hear Jevhenijs Kazanis, Twino’s CEO, confidently assert: “Twino will buy back any non performing loan after a 30 day period of delinquency.” How could that work? Many wondered. It was already startling… Read More

Former FSA Chair Lord Adair Turner Warns About Peer to Peer Lending. Industry Leaders Disagree

Lord Adair Turner

In an interview today on BBC, Lord Adair Turner, former Chair of the FSA (predecessor to the FCA), shared his opinion on banking and the financial industry in general, including a discussion on the burgeoning peer to peer lending sector.  Lord Turner, it appears, is… Read More

Lemonade: World’s First Peer-to-Peer Insurance Platform Receives Backing from Lloyds & Berkshire Hathaway

Lemonade Insurance

Lemonade, a peer to peer insurance platform that seeks to address the profound shortcomings of the multi-trillion dollar insurance industry now has some prominent names backing the young company.  Announced today, Lemonade has now received the support of “top tier” global reinsurance partners including Berkshire… Read More

Aaron Vermut Looks to Bring Israeli DNA from BillGuard into Prosper’s Culture

BillGuard

Leading marketplace lending platform Prosper acquired an Israeli startup towards the end of 2015 called BillGuard.  BillGuard’s service allows consumers to track their spending across many accounts, budget effectively, and protect their money from wrongful charges while monitoring a user’s credit score. It may also… Read More

P2P Lender Dianrong Launches Partnership with Hanwha

Hanwha logo

Hanwha, one of the largest conglomerate companies in South Korea, has launched a partnership with Dianrong a leading peer to peer lender in China. The as of yet named entity will open an office in Singapore later this month. Hanwha is a Chaebol that formed an technology… Read More

British Business Bank: the UK Now Has a Record 5.4 Million Small Businesses

London UK Taxi Flag

In the UK, similar to other parts of the world, SMEs are the engine of economic growth and associated job and wealth creation.  According to the Federation of Self-Employed and Small Businesses (FSB); Small businesses account for 99.3% of all private sector businesses at the… Read More

Assetz Capital Says it Has £525 Million Ready to Lend to UK SMEs

stuart law at lendit

Peer t0 peer lender Assetz Capital has revealed it has secured funding from “a number of financial institutions” and will be providing access to capital for UK SMEs.  Assetz Capital provides a variety of products including commercial mortgages, SME term loans, development finance, bridge loans,… Read More

UK P2P Industry Lent £2.2 Billion in 2015

P2PFA Members as of January 2016

The UK Peer to Peer Finance Association (P2PFA) has published end of year numbers for 2015. The P2PFA tracks the top peer to peer lenders in the UK.  In Q4 of 2015, P2PFA members generated just shy of £650 million in loans. Their numbers also… Read More

Chinese Regulators Said to Launch Campaign to Regulate Internet Finance as Ezubao Fraud Pegged at 40 Billion Yuan

China Punishiment Image

Banking regulators are said to be establishing a “monitoring and warning system” against financial risk and fraud. This is a according to a report in China News that reported a statement that was released at a conference on political and legal work earlier this month…. Read More

VPC Specialty Lending Investments Declares Dividend. Announces Share Conversion

One Pound UK £

VPC Specialty Lending Investments (LSE tickers: VSL and VSLC) has declared an “interim” dividend of 2.0 pence per ordinary share for the quarter ending December 21, 2015.  VPC also declared a 1.07 pence per share dividend for C shares for the period from October 2nd to… Read More

P2P Lending Platform LendInvest Publishes Annual Report

lendinvest collage

On Thursday, peer-to-peer lending platform, LendInvest, announced it has published its 2015 report. Highlights from 2015 include the following: Lowered minimum investment from £10,000 to £1,000 Completed UK’s largest ever Series A Funding with £22 million investment by Beijing Kunlun for 20% shareholding. Became world’s… Read More

Bondora Surpasses €50 Million in P2P Loans

Bondora Returns

Estonia based Bondora has topped a significant milestone. According to the peer-to-peer lender, as of yesterday they have surpassed €50 million in loans.  Their base of investors, at last count, stands at 12,641.  Their site states these investors come from 37 different countries. Borrowers now number… Read More

Estonia Based Investly Launches P2P Lending in the UK

Ruth Chamberlain

Following a €600,000 investment, Investly has launched a peer to peer lending platform targeting UK SMEs. Investly is an invoice finance platform similar to market leader MarketInvoice. SpeedInvest, a venture capital group that has been active in the Fintech space, provided the financing to enable… Read More

Folk2Folk Launches Legal Panel to Support National Expansion

Folk2Folk Staff

Peer to peer lender Folk2Folk has announced the creation of a “Legal Panel” to support its national roll-out strategy.  This new entity is said to form a national network of law firms to support the company’s local secured lending model as a central part of… Read More