Tagged: peer to peer

LendingHome Tops $1 Billion in Mortgage Loans, Claims Title of Fastest Growing Marketplace Lender for Mortgages

lendinghome-matt-humphrey

LendingHome, has exceeded $1 billion in mortgage loans.  The online lending platform launched two and a half years ago and has claimed the title as fast growing mortgage marketplace lender. It was only last month that Crowdfund Insider reported that LendingHome had originated $750 million… Read More

Folk2Folk Receives Full FCA Authorisation

Folk2Folk New Office

Peer to peer lender Folk2Folk has received full approval from the Financial Conduct Authority (FCA).  While many prominent peer to peer lenders are operating under interim approval, Folk2Folk points out it is the lagest P2P lender to receive full authorization to date. Folk2Folk has lent… Read More

Why is Finance for Small Business Still Broken?

Broken Benjamin Money

Having just returned to the United States after six months of travel abroad, I feel generally disillusioned.  At first, I couldn’t tell if my discontent arose from the heartbreaking presidential election results; or the fact that I ended up in a new city with a… Read More

P2P Lender Harmoney Gets Hit with $292,000 Fine

Red Card Penalty Fine Infraction

Leading New Zealand based peer to peer lender Harmoney has been fined $292,00 for a misleading marketing campaign. The announcement  by the Commerce Commission of New Zealand stems from an ongoing investigation regarding letters sent by Harmoney in 2014 and 2015. Harmoney has previously acknowledged its… Read More

Growth Street Will Now Accept Retail Investors on P2P Platform

james-sherwin-smith

Growth Street is now an FCA registered Appointed Representative.  Growth Street will now be able to accept individual investors on its peer to peer lending platform. Growth Street, an alternative finance platform for SMEs, previously only accepted incorporated businesses to lend and borrow to each… Read More

Five on Trial for Gold Smuggling, Chinese P2P Lending Ponzi Scheme

Ezubao Behind Bars

In a follow-up to the Ezubao (Ezubo) shutdown, five people affiliated with the Chinese P2P lending platform that is accused of a Ponzi scheme are on trial for gold smuggling.  This is the first court case that is a part of a scandal that robbed investors of between… Read More

Update: P2P Lending Platform Flender Nears £500,000 Funding Target on Seedrs

flender-1

Just a couple weeks after launchings its Seedrs campaign, peer-to-peer finance platform Flender has secured more than £380,000 out of its £500,000 funding target.  Flender, which is authorized and regulated by the Financial Conduct Authority under Registration Number 657861,  is looking to enable businesses and consumers… Read More

Report on Zopa: Too Much Investor Demand Curtails Retail Access to P2P Loans

slow investor limits

This may be a case of too much of a good thing. The FT is reporting that Zopa has put a halt to retail investors lending money on their peer to peer lending platform. Allegedly, yield hungry investors are “flooding” the market hunting for better… Read More

P2P Lender Dianrong Joins Hyperledger Blockchain Project

Dianrong office

Chinese peer-to-peer lending platform, Dianrong, announced on Friday it is officially joining blockchain alliance, the Hyperledger Project. The portal claimed to be the first peer-to-peer company among the project’s 22 Chinese members. The Hyperledge Project, which was established by the Linux Foundation at the end… Read More

Timelio Raises $5M to Continue Supporting Small Businesses

I love Peer to Peer Lending P2P

Timelio is a Melbourne-based fintech startup looking to disrupt traditional lending models by allowing businesses to turn invoices into cash by selling their invoices online on a P2P marketplace.  It raised $5 million via an equity funding round last month.  The investment is backed by the Thorney… Read More

Does Online Lending Create Less Systemic Risk than Traditional Credit? It Depends…

Risk Base Jumping Dive Fall

One of the frequently touted benefits of peer to peer/marketplace lending is the heightened transparency associated with loan originations processed online.  The financial crisis of the last decade was in part fueled by the disconnect between lender and borrower. As mortgages were securitized, sliced and… Read More

Latvia’s VIA SMS Group Set to Launch New P2P Lending Platform Viainvest

P2P

Latvia-based VIA SMS Group announced this week it is launching Viainvest, a peer-to-peer marketplace for both private and legal entities offering to invest into consumer loans originating from non-banking lenders. While sharing details about Viainvest, Eduards Lapkovskis, member of the board at VIA SMS Group, stated: “By… Read More

BitLendingClub to Shut Down: Claims Closure Is Caused By Regulatory Pressure

BitLendingClub logo

BitLendingClub, a bitcoin peer-to-peer lending platform, announced on Thursday it was shutting down all of its services. The website claimed the closure was due to regulatory pressure. The lending portal’s team released a letter to customers, stating: “We’ve worked extremely hard to build a platform… Read More

Invoice Financing Platform SmartFunding Receives S$700,000 in Seed Funding

sandra-ernst

Singapore based SmartFunding has received S$700,000 (about USD$ 500,000) in seed funding. The round was led by Fintech Asia Group, part of listed venture firm Fatfish Internet Group (ASX: FFG). The “peer to business” platform was set up to bridge the financing gap for SMEs to… Read More

Orchard Reports Originations Dropped in Q3, Down 21% from Q2 Volume

orchard-loan-originations-q3-2016

Orchard has published its quarterly report on loan originations for the online lending industry. According to their numbers, origination volumes continued to drop in Q3 from Q2 2016.  The decline was significant too – decreasing by 21% in Q3 and down 50% from the peak… Read More

Lending Robot Files to Form Pooled Investment Fund

team-lending-robot

Lending Robot, the robo-advisor geared towards marketplace lending assets, has filed a Form D 506c with the SEC indicating its intent to create a pooled investment fund. According to the filing, the minimum investment accepted will be $100,000.00 with no targeted max size of the… Read More