Investment Platforms and Marketplaces

Online investment marketplaces including peer to peer lending, investment crowdfunding, security token platforms and more.

Due to COVID-19, LendingClub Will No Longer Offer Grade D Loans

LendingClub (NYSE:LC) has filed a new form with the Securities and Exchange Commission (SEC). The Form “FWP” states that LendingClub has suspended the facilitation of new D Grade loans as of April 10, 2020, due to the COVID-19 pandemic. Recently, LendingClub has taken measures to… Read More

RateSetter Completes Two Sales Of Non-Performing Loans With Combined Proceeds of £4.65 Million Added Into the Provision Fund

UK-based peer-to-peer lender RateSetter announced on Tuesday it completed two sales of non-performing loans, with the combined proceeds of £4.65m added into the Provision Fund. According to RateSetter, the debt sale process started in December 2019 and the lender was not needing to reduce its… Read More

Peer to Peer Lender Assetz Capital Says Investors Back Borrower Relief with 3 Month Extension

Assetz Capital, a peer to peer lending marketplace, held a vote of platform investors on providing forbearance to borrowers during the COVID-19 pandemic. Assetz Capital reports that investors have “overwhelmingly” voted to provide relief and to extend loans for an initial three months, where needed…. Read More

Save Our Startups: Seedrs Founder Shares Why

Last weekend, a campaign to aid early-stage UK firms, entitled Save Our Startups, was launched by a group of very high profile platforms, founders, investors, and advocacy groups. An Open Letter addressed to the PM was included and as of today over 4500 individuals have… Read More

Bitcoin Marketplace Paxful Now Offers P2P Gold Trading

Paxful, a Bitcoin marketplace, is now offering peer to peer trading in gold, according to a company release. In a blog post, the company said the new service was due to customer demand. The advent of the COVID-19 pandemic has heightened interest in gold –… Read More

Tuhina Singh, Founder of Digital Securities Platform Propine, Shares Vision for the Future of Digital Assets

Propine Seeks to Power the Future of Digital Assets Singapore has long been a leader in Fintech. Innovative financial services have benefited from a supportive regulatory regime and an entrepreneurial population. Singapore is also a highly business-friendly, low tax jurisdiction and has emerged as a… Read More

Kabbage Forms Partnership With SBA Authorized Lender to Deliver Paycheck Protection Program Loans

Global financial service platform Kabbage announced on Tuesday it has partnered with a technology-enabled bank and authorized lender of the Small Business Administration (SBA) to deliver billions of dollars of Paycheck Protection Program (PPP) loans to American small businesses. Kabbage claims its program has received more… Read More

Lendio Announces New Partnership With Acronis to Help Fund Cyber Protection Service Providers During COVID-19 Pandemic

Online lending platform Lendio announced on Tuesday it has formed a new partnership with cyber protection services platform Acronis to business capital to cyber protection service providers. According to Lendio, Acronis delivers backup, anti-ransomware, disaster recovery, storage and enterprise file sync, and share solutions to… Read More

Biz2Credit Business Lending Index For March 2020 Reveals Small Business Loan Approval Rates Plummeted Due to COVID-19 Pandemic

Biz2Credit announced on Tuesday the release of its latest Business Lending Index revealed that small business approval rate plummeted in March 2020. According to the Index, The approval percentage for small business loan applications at big banks ($10 billion+ in assets) plummeted to just 15.4%… Read More

Online Lender TWINO Applies for Investment Brokerage License

Peer to peer lending platform TWINO is the latest online lender planning to expand its portfolio of services offered to its customers. According to a release, TWINO has applied for an investment brokerage license in Latvia. It was not immediately clear which additional services the… Read More

Digital Banking: Online Lender Mintos Pursues European Investment and e-Money Licenses

Mintos, a global loan marketplace claiming over a quarter of a million investors, is pursuing both a investment firm license and an e-money institution license, according to a release from the company. Mintos has applied to the Financial and Capital Market Commission (FCMC) in Latvia… Read More

Funding Circle Launches Pre-Application System for Paycheck Protection Program Loans

Funding Circle lobby

Marketplace lending company Funding Circle (LSE: FCH) announced on Friday it launched a pre-application system for small business owners interested in funds from the Paycheck Protection Program, which is offered by the U.S. Department of Treasury and Small Business Administration (SBA). Paycheck Protection Program (PPP)… Read More

Lendio Announces Paycheck Protection Program Loan Application For Small Businesses During COVID-19 Pandemic

Online lending platform Lendio recently announced it has launched an application for small businesses to access the $349 billion in government funds set aside for the Paycheck Protection Program (PPP). Lendio reported that the Paycheck Protection Program is part of the $2 trillion CARES Act… Read More

Grupeer: After Halting P2P Lending Operations, Management Complains that Investors are Going Straight to Borrowers

Last week, Crowdfund Insider reported on Latvia-based peer to peer lender Grupeer’s decision to halt all lending due to the impact of the COVID-19 pandemic. CI quoted the company’s decision: “Regretfully, we are forced to inform you that in the current circumstances it is not… Read More

RateSetter Up For Sale? P2P Lender Says All Options Under Review

Last week, it was reported that RateSetter, a leading UK peer to peer lender, was considering a merger or sale of the business. A report in SkyNews said the COVID-19 pandemic had exacerbated a “funding squeeze” compelling the Fintech to approach potential acquirers. RateSetter has… Read More

Tokenize Malaysia Receives Full Regulatory Approval

Tokenize Malaysia, one of a handful of digital asset exchanges that was recognized as a conditional market operator by Securities Commission Malaysia in 2019, has received full regulatory approval according to multiple reports. The approval was delivered on April 1, 2020. The approval qualifies the… Read More

Coinfield – Sologenic Connects Traditional Assets Like Stocks with Crypto

Coinfield, a smaller crypto exchange operating out of Estonia, is working with Solegenic to “connect traditional financial markets with crypto assets,” according to a release. Sologenics, an entity that is affiliated with Coinfield, says it facilitates users with investing, trading, and on-demand tokenization of over… Read More

SMBX Announces First Two Issuers For the Small Business Rebuild Bond Program

SMBX, a marketplace for buying and selling small-business bonds, announced on Thursday the first two issuers for its small business rebuild bond program, which is running in tandem with the company’s regular Small Business Bond Program. SMBX reported that through the program offers small business… Read More

SEC Small Business Advocate to Host Virtual Coffee Breaks. First Meeting to Include NextSeed, Republic and Honeycomb Credit

Earlier this week the SEC Office of the Advocate for Small Business Capital Formation announced a series of  “virtual coffee breaks” to engage with the public to discuss updates, trends, and perspectives on how COVID-19 is impacting raising capital. The very first virtual gather is… Read More

What is the Impact of COVID-19 on Peer to Peer Lending?

Peer to peer lending research firm 4thWay is out with a short note on the impact of the Coronavirus (COVID-19) pandemic on the P2P industry.  According to 4thWay, a minority of investors are selling their loans due to the affiliated risk of the outbreak. The… Read More

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