Tagged: peer to peer

Zopa Partners with Flow; P2P Lender to Provide Finance to Flow Customers

Flow Boiler Pays for Itself

Peer to peer lending platform Zopa has signed an agreement with Flow to provide financing to Flow customers.  Flow is a company that has been developing and commercialising alternative energy products for about a decade.  One of those products is the Flow Boiler.  The product is described as an “innovative boiler” that generates electricity as it heats your home…. Read More

Brief: Alibaba & Tencent Founders Buy Shares in Ping An


Alibaba founder Jack Ma and Pony Ma, founder of Tencent Holding have purchased shares in large China insurer Ping An.  According to a report in the FT (subscription), the pair participated in a private placement by Ping An where the company raised $4.7 billion this past Sunday.  Ping An, a privately owned firm, also controls the… Read More

RateSetter Calls for a Refresh on “Outdated & Inefficient Safety Measures” for Savers

Rhydian Lewis

RateSetter, a leading UK peer to peer lending platform, has made a public call for a “refresh” on the Financial Services Compensation Scheme (FSCS).  In a public statement RateSetter declared, “the time has come for the Financial Services Compensation Scheme to act its age”.  RateSetter states there continues to be a huge lack of public… Read More

DealStruck, Hispanic Chamber of E-Commerce Form Partnership

Hispanic Chamber of E-Commerce

In a company statement it was announced the Hispanic Chamber of E-Commerce and alternative crowdlending platform Dealstruck have formed a partnership in an effort to ease the process of securing growth capital faced by early-stage businesses.  The partnership will provide Chamber members and customers with access to services and business loans on behalf of Dealstruck…. Read More

Zopa Partners with AU10Tix on ID Authentication

Computer work

Leading peer to peer lending platform Zopa has partnered with tech company AU10Tix to improve identification process. AU10TIX is a fully owned subsidiary of ICTS International N.V. Zopa is raising the bar in protecting lenders against fraud by verifying borrowers more thoroughly by checking official documents such as passports and other official IDs. By incorporating the… Read More

Brief: Peer to Peer Platform, eMoneyUnion, Confirms Regulatory Status of Crowdfunded Consumer Secure Loans

10£ Queen Elizabeth British Pounds

Since launching its peer to peer platform for consumer secured loans, there has been press and in-depth regulatory dialogue, leading to re-confirmation, to all borrowers and lenders that eMoneyUnion do not carry out FCA regulated mortgage activities. The loans originated and transacted on the platform are done so under the Financial Services and Markets Act… Read More

China Based Formax Announces Alternative Trading Platform


In a public release Formax has announced a new “trading community” that seeks to become a “one stop shop” individual trading platform.  Formax states it has collaborated with 6 securities firms in China that aggregates various asset classes including peer to peer lending.  China is currently the largest P2P lending market in the world. “JRQ… Read More

Ten Reasons Businesses Should Use Peer to Peer Lending to Raise Capital (Infographic)

$50 Grant

By now most industry followers understand that peer to peer lending, or peer to business as it may be, is a great way to raise capital for your business.  Rates can be competitive versus banks. Many businesses end up using credit cards to help pay the way but we all know the excessive rates most… Read More

Former Chief Ombudsman, Tony Boorman, Joins UK P2PFA as a Director

Tony Boorman

The Peer-to-Peer Finance Association (P2PFA) announced last week the appointment of Tony Boorman, former Chief Ombudsman at the Financial Ombudsman Service, as a Director of the P2PFA. Tony will work with current P2PFA Chair Christine Farnish, as the Association continues to advocate on behalf of the peer to peer lending sector.  “Tony’s appointment demonstrates the dedication that… Read More

Mirador Wants to Help Banks Battle P2P Lending, Raises $2 Million in Seed Funding

Mirador Financial

Mirador Financial has announced seed funding in the amount of $2 million to boost the growth of its “next generation small business lending platform and data services”.  Investors include, Collaborative Fund, Crosslink Capital, Vesta Corporation, Wicklow Capital and angels Eric Bunting, Bruce Gibney, Robert Harteveldt, Awy Julianto, George Kenny, Bruce Weinstein and Bill Ullman. Mirador… Read More

Following Crowdfunding Round, Fruitful Launches New Peer to Peer Lending Platform

Why Bother Saving Fruitful

Following a successful and rather quick equity crowdfunding raise on Crowdcube last year, Fruitful is launching a peer to peer lending platform for “everyday savers and full term commercial mortgage borrowers”.  The crowdfunding campaign had targeted a raise £140,000 for 8% equity.  In a note from the company, they clarified that £140,000 was raised in… Read More

Brief: Peer-to-Peer Lender RateSetter Hits £400M Milestone


RateSetter is celebrating yet another huge milestone! The UK-based peer to peer lender announced this week that it has officially hit £400M. The platform, which launched in September 2010, enables lenders to get fair returns while cutting the cost of borrowing. Capital is at risk. Lenders and borrowers have the opportunity to take back control of their… Read More

Money360 Closes $2 Million Commercial Real Estate Loan on Peer to Peer Lending Platform


Money360, Inc., a peer-to-peer (P2P) real estate lending marketplace, has closed a $2 million commercial real estate loan crowdfunded by accredited investors. This was the third loan closed by Money360 in September. Money360 is on track to fund $25 million in peer-to-peer real estate loans before the end of the year. Money360 pioneered the peer-to-peer real… Read More

Prosper: $493 Million in Peer to Peer Loans for Q3 2014

Prosper Quarterly Loan Originations 2014 Q3

Prosper, a leading peer to peer or “marketplace” lending platform, Q3 results are available via their 10Q filing at the SEC.  According to the document $493 million in loans originated on the platform for the 3 months ending in September.  This was generated by a total of 37,439 borrower loans (avg. $13,168). This compares to 9,143… Read More

Assetz Capital Goes Green with Peer to Peer Energy Income Account

Captiva Sunset

UK based Assetz Capital has launched a new peer to peer product that is targeting “green loans”.  According to a report from the firm the financial product expects to generate a gross annual return of 7% and “reflects the growing demand for responsible and ethical investment”.  Investors may participate with a £20 minimum. The Green… Read More

Cap Accel Wants to be The Advisory Firm for P2P Lending

Cap Accel Small Logo

Cap Accel, LP, a merchant bank and advisory firm for the peer to peer lending industry, has launched backed by an investment led by Valley Next Gen Ventures LLC. Other participants in the funding round include George W. Wellde Jr., formerly Vice Chairman of the Securities Division at Goldman Sachs and currently Director on the… Read More

Rumors Circulate That Lending Club May Seek Private Buyer & Skip IPO


In an article published on PEHub this past week, the author stated that according to several sources Lending Club is also considering a buyer and is “pursuing a dual track”.  Lending Club announced that it had filed for an Initial Public Offer this past August.  Morgan Stanley and Goldman Sachs were slated as joint book… Read More

ApplePie Capital Matches Peer to Peer Lending with Franchise Loans

ApplePie Open Franchise

San Francisco based ApplePie Capital is preparing to launch a “first-ever” franchise loan marketplace that will connect  franchise brands and their entrepreneurs with investors seeking  fixed income returns.  ApplePie was launched in 2013 and raised funding earlier in 2014 in the amount of $3.77 million from Freestyle Capital, QED Investors, Signia Venture Partners and more…. Read More

Cambridge’s Dr. Mia Gray Clarifies Collaborative Nesta Report: UK Economic Geography Update

Dr Mia Gray Cambridge University 2

Dr. Mia Gray opines about the recent Nesta and University of Cambridge report.   To recap, Nesta, a UK based innovation charity and staunch proponent of entrepreneurship and creativity, recently published an update on the alternative finance industry in the United Kingdom.  Crowdfund Insider JD Alois explains, “The report notes this new financial sector, that includes crowdfunding, peer to peer… Read More

Lending Club Introduces New Education & Medical Financing Product Via Springstone Subsidiary


The worlds largest peer to peer lending platform Lending Club has introduced new products leveraging their acquisition of Springstone.  The Lending Club subsidiary will now offer a new “education and patient financing product”.  The new product and practices are “designed to raise standards for transparency and consumer protection in purchase financing”. Springstone facilitates financing for… Read More