Indonesia’s Financial Services Authority (OJK) has officially revoked the business license of peer-to-peer (P2P) lending platform PT Investree Radhika Jaya (Investree), citing the company’s failure to comply with minimum equity requirements and other regulatory standards. The decision marks a significant crackdown by OJK on financial… Read More
FOLK2FOLK, the UK’s peer to peer lending company, has announced Carlos Howard as its new Head of Business Development. Carlos brings over 20 years of leadership “experience in financial services, legal, and manufacturing sectors, with a focus on sales, customer care, operations, and strategic roles.”… Read More
The Reserve Bank of India (RBI) has announced tightened regulations for peer-to-peer (P2P) non-bank lending platforms, effective immediately, in response to some entities’ violations of the 2017 guidelines. The move aims to enhance transparency and ensure stricter compliance with regulatory standards, addressing concerns that certain… Read More
The UK peer-to-peer (P2P) lending market witnessed “rapid” growth in 2023 and is set to continue into 2024, according to an update from Sourced Capital. Although the market is growing according to reports from certain industry participants, there are many platforms/firms that have exited the… Read More
The European continental P2P lending market is “subject to localized randomness, especially in times of crises,” according to an update shared by Robocash. Robo.cash analysts studied “the exposure of the continental European P2P lending market to the randomization effect.” The analysis included 54 European platforms… Read More
Cambodia has recently taken a significant step forward in the financial technology sector with the unveiling of the Fintech Policy directive for 2023-2028. This strategic move is poised to attract Foreign Direct Investment (FDI), propelling the nation into the forefront of the rapidly evolving fintech… Read More
P2P lending together with “risky assets” has all the potential to become an effective strategy for diversifying investment portfolios in terms of risk and return, according to an update from Robo.cash. Analysts of the Robo.cash platform have reportedly “studied multiple portfolio combinations using the Sharpe… Read More
FOLK2FOLK, which claims to be the UK’s leading peer-to-peer lending platform connecting Investors with regional and rural businesses, is pleased to announce that its dedicated community of Investors “earned £14.2 million in interest during the last tax year (2022/2023).” According to the firm, this achievement… Read More
SaveLend Group has received regulatory approval from the Danish FSA (Finanstilsynet) to acquire Lunar Bank’s peer-to-peer lending business. According to a statement by SaveLending, the P2P business will now be migrated over to Savelend in the coming months. The acquisition includes all customer relations with… Read More
Collateral UK, once a peer-to-peer lending platform that went into insolvency in 2018, has seen fraud convictions of its founders. According to the Financial Conduct Authority that filed the charges, Peter Currie was convicted of two counts of fraud and one of money laundering. His… Read More
Assetz Capital will exit its retail business and emerge as a lending platform completely funded by institutional money, according to an update posted on the company’s website. For observers of the peer-to-peer lending industry, the decision should come as no surprise. Assetz Capital has been… Read More
The population’s need for affordable non-bank loans due to a low credit rating or its absence, difficulties with the registration process, etc. could be “the main driver of the American P2P market,” according to an update from Robo.cash. The national specifics are also very clearly… Read More
The volume of P2P funding decreased from 511 million Euros in May 2022 to 447 million euros in June 2022, i.e. by 13%, according to an update shared by Robo.cash. The fourth quarter of 2021 “saw significant growth in P2P lending, but so far in… Read More
The UK Government is currently dealing with a political crisis with over 50 parliament members resigned from the government “in protest” of Prime Minister Boris Johnson’s leadership, the Robo.cash team recently noted. Many events, like the Chris Pincher affair, raising taxes amid inflation, the “partygate”… Read More
Peer-to-peer lending provides investors and borrowers various advantages over more traditional forms of finance. However, there’s a potential downside as well. EstateGuru has taken a detailed look at the pros and cons of this form of funding, and the ways in which their platform aims… Read More
Croatian P2P lender Robo.cash notes in an update that rates will be changing starting from January 10, 2022. As mentioned in a blog post by Robo.cash, the new interest rates “will range from 9% to 12.3%, and they will be directly related to the terms,… Read More
European P2P lender Bondora notes that November is “known to be the gloomiest month in Estonia.” However, as the days became darker, the Bondora team decided to “focus on the bright side.” Here are some of their recent highlights and milestone moments. Over €500 million… Read More
As with any investment, it’s vital to know the different risks involved in peer-to-peer lending before you put up your cash. Equally important is how platforms evaluate, manage, and “present those risks,” according to a blog post published by EstateGuru. As noted by EstateGuru, P2P… Read More
Croatian peer-to-peer lender Robo.cash says that P2P loans increase competition with traditional banking. Robo.cash writes in a blog post that European nations with stable and developed economies are leading “in terms of consumer and business lending.” The complete digitalization of the financing process “becomes one… Read More
European P2P lending platform Bondora notes that for the second straight month, the Secondary Market transactions via the platform have decreased. Bondora wrote in a blog post dated November 15, 2021 that while a total of €311,848 was transacted on the Secondary Market in September… Read More
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