Tagged: peer to peer

Funding Circle Stops Originating Loans in Spain

Stop Sign

Following big news of a $100 million funding round, Funding Circle has announced it will stop issuing new loans in Spain. The announcement was posted on the Spanish version site of the SME peer to peer lender noting that it has not offered new loans… Read More

P2P Lender Linked Finance Receives Backing from Eiffel Investment Group

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Linked Finance, an Irish peer to peer lending platform, has signed an agreement with Eiffel Investment Group to back Irish SME loans.  The partnership was spawned in part by Linked Finance’s rapid growth of 132% over the past 6 months. Eiffel Investment Group will contribute… Read More

Assetz Capital Hurdles £200 Million in Lending to SMEs

stuart law at lendit

Record Year for Assetz Capital as £108 Million lent to Small Business in 2016. Assetz Capital, a peer-to-peer lending platforms, has announced having originated £200 million in loans since launching in 2013. The alternative finance platform targets small and medium-sized UK businesses and also helps property… Read More

China: WeiyangX Fintech Review

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Ant Financial Joins UNEP Sustainable Finance Initiative Ant Financial has signed the “Declaration on Environment and Sustainable Development” and joined the United Nations Environment Programme Sustainable Finance Initiative as a full member of the organization. In fact, China Merchants Bank and Industrial and Commercial Bank… Read More

Lending Club Schedules Q4 Earnings Release for February 14th

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Lending Club (NYSE: LC), the leading US marketplace lending platform,  will issue its Q4 earnings report on Tuesday, February 14, 2017, after market close. Lending Club will host a conference call to discuss the fourth quarter financial results at 2:00 p.m. PT / 5:00 p.m. ET on… Read More

UK P2PFA Publishes Q4 Data: Ongoing Growth Indicative of Confidence

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Fourth Quarter UK Peer to Peer Lending Hits £844 Million The UK Peer to Peer Finance Association (P2PFA) has published Q4 data for both SME and consumer lending. The P2PFA said “fourth quarter of 2016 has demonstrated continued growth, with the expansion in lending volumes… Read More

Dianrong Reports: Cumulative Trading Amount Exceeds RMB 16.2 Billion in 2016

Dianrong office

Chinese peer-to-peer lending platform, Dianrong, announced on Tuesday its 2016 annual results. The company revealed that the cumulative trading amount exceeds RMB 16.2 Billion, which is notably a year-on-year increase of 148%, and growth in loans issued was funded by 3.62 million investors. Dianrong CEO,… Read More

Ciao Italia! Lendix Expands into Italy

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Marketplace lending platform Lendix has landed in Italy. The Paris-based operation has announced the appointment of Sergio Zocchi as CEO.  Lendix said that Zocchi has over 20 years experience in high-tech and finance as he leads the local Lendix team based in Milan. Lendix said… Read More

P2P Lender Landbay Granted ISA Manager Status By HMRC

Progress at Landbay 2

Peer-to-peer lending platform Landbay announced on Monday it was granted ISA Manager Status by HMRC. This news comes less than a month after the lender received full authorization from the FCA for peer to peer lending. The Landbay team stated that status will clear the way for the… Read More

Shanghai Office Vacancies Rise as P2P Lending Declines

Shanghai China

Apparently, the slowdown and consolidation of the Chinese peer to peer lending industry is having an impact on the real estate market. Colliers International is reporting that Shanghai Grade A office space experienced a rise in average vacancy due to the widespread withdrawal from peer to peer… Read More

Overfunding: P2P Lender Flender Surpasses £500,000 on Seedrs

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P2P lending platform Flender has successfully secured its initial £500,000 funding target on Seedrs. The campaign has attracted more than 230 investors.  Flender is authorized and regulated by the Financial Conduct Authority under Registration Number 657861. The online lender is currently looking to enable businesses and… Read More

The China P2P Lending Market is Finally Slowing

terracotta-warriors in china

The peer to peer lending market in China is the largest in the world. Thousands of platforms populate the online lending sector. The lack of appropriate regulations has allowed many platforms to set up operations quickly and easily. It has enabled incredible acts of fraud…. Read More

FundedByMe Malaysia Launches P2P Forum “Let’s Talk about P2P Financing”

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FundedByMe Malaysia announced on Thursday it is kicking off 2017 with the P2P forum entitled “Let’s Talk about P2P Financing” that will gather nine Malaysian registered market operators from the equity crowdfunding and P2P financing space under one roof this coming January 19th at The… Read More

4thWay Predicts UK P2P Lending Market to Grow Up to 50% in Coming Year

UK Charles Darwin Money

  4thWay, a P2P ranking site, has published a report on the UK peer to peer lending market.  According to their numbers, delivered another “record year”, with a total of £3.02 billion facilitated via 35 various platforms in the UK. The totals are as follows: Consumer loans… Read More

Indonesia: New Fintech, P2P Regulations Released

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Indonesia has released a new set of regulations for the fintech sector, in particular, for peer to peer lending platforms. According to a report in Deal Street Asia, the Indonesian Financial Services Authority (OJK) laid out the following rules: Registration – P2P lending (pinjam meminjam) startups must… Read More

Wellesley Aims to Raise £1.5M on Seedrs for Further Expansion

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Peer to peer lending platform Wellesley has been crowdfunding on Seedrs for almost a month to raise £1.5M (approximately $1.82M). The campaign is currently restricted to Wellesley customers so it is hard to track. Investors have the chance to buy shares in the P2P platform… Read More

What to Watch For in Marketplace Lending During 2017

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Predicting what will transpire in the coming year is always challenging, particularly in relatively nascent and growing industries such as marketplace lending. While surprises are undoubtedly in store for 2017, indications are that certain trends—the growth of bank partnerships and industry consolidation—will continue and accelerate… Read More

Advisor Focused P2P Platform Octopus Choice Receives FCA Approval

FCA Approved

Peer to peer lending platform Octopus Choice has received full authorisation from the Financial Conduct Authority. Octopus Choice is part of Octopus Investments. The company said the FCA approval was a first for an advisor focused P2P platform. Richard Wazacz, Head of Octopus Choice, commented on the… Read More

Top Ten Fintech Predictions for 2017

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The following are my top ten Fintech predictions for the coming year. While 2016 has been a momentous period in Fintech innovation there is more to come. 10 – Sensors Internet of Things (IoT), Wearables, Smart Home and Connected Car will bring massive change to… Read More