Archives

May 11, 2015 @ 8:55 pm By JD Alois  |  

The Committee on Small Business, in the US House of Representatives, will discuss peer to peer lending on Wednesday, May 13th, at the Rayburn House Office Building.  The hearing is entitled Bridging the Small Business Capital Gap: Peer to Peer Lending. According to a notice from… Read More

May 5, 2015 @ 12:17 pm By JD Alois  |  

Peer to peer lending platform Funding Circle has formed a new partnership with the National Small Business Association (NSBA). The new arrangement is designed to “help Main Street get better access to growth capital”.  The NSBA has an active membership of 65,000 businesses.  Their members… Read More

April 30, 2015 @ 9:42 am By JD Alois  |  

The Peer to Peer Finance Association (P2PFA) has announced Q1 data on P2P lending in the UK.  Updated numbers indicate that over £459 million was originated in the first quarter bringing the cumulative lending amount to more than £2.6 billion. Data provided also showed an increase… Read More

April 22, 2015 @ 9:25 pm By JD Alois  |  

Funding Circle has just received another capital boost in the amount of $150 million.  The equity funding round was lead by DST Global with participation from Baillie Gifford, a fund managed by Blackrock, Sands Capital Ventures and Temasek. Goldman Sachs acted as exclusive placement agent… Read More

April 3, 2015 @ 2:50 am By Midori Yoshimura  |  

Funding Circle, which claims to be the “world’s leading online marketplace lender exclusively focused on small business,” is in advanced talks with Temasek Holdings, a Singaporean sovereign wealth fund, to sell a stake in itself, according to Sky News. The move is part of a fundraising effort–to… Read More

April 2, 2015 @ 9:52 am By Erin Hobey  |  

Singapore’s sovereign wealth fund Temasek and money manager BlackRock are set to buy stakes in Funding Circle in deals that could value the British peer-to-peer lending platform at more than $1 billion, reported Sky News today. Temasek plans to invest about 30 million pounds ($44.4 million)… Read More

March 26, 2015 @ 9:01 am By JD Alois  |  

Peer to peer lender Funding Circle and Lancashire County Council have shared some data points on their partnership to provide capital to local businesses.  According to the pair, Lancashire County Council has directed over £1.5 million to 230 different companies.  The arrangement between the two… Read More

March 18, 2015 @ 12:44 pm By JD Alois  |  

At the annual presentation of the budget to the House of Commons, Chancellor of the Exchequer George Osborne checked off a wide ranging list of successes as the UK economy has segregated itself from much of the rest of Europe.  The contrast between the years of… Read More

February 26, 2015 @ 12:02 pm By JD Alois  |  

Peer to peer lending investor Victory Park Capital has filed a prospectus to list shares on the main exchange of the London Stock Exchange (LSE). Victory Park has been aggressively investing in P2P assets having recently committed a solid $420 million to Funding Circle in… Read More

February 26, 2015 @ 9:15 am By JD Alois  |  

The Bank of England has released its most recent data on the Funding for Lending program, an initiative that is supposed to compel banks to lend to business.  According to the BOE figures, lending is in decline; “Net lending by FLS Extension participants to all… Read More

February 22, 2015 @ 7:11 pm By JD Alois  |  

AltFi Data has launched the first Index to track the returns available from the UK peer to peer and marketplace lending industry. The Liberum AltFi Returns Index (LARI) is described as accurately tracking peer to peer lending returns using complete loan-by-loan cash flows provided by the major platforms. Currently, the Index… Read More

February 19, 2015 @ 7:57 am By JD Alois  |  

Funding Circle, a leading peer to peer lender that targets small business loans, has announced a significant commitment by Victory Park Capital to finance up to $420 million in loans to small business originated via Funding Circle in both the UK and US over the… Read More

January 30, 2015 @ 8:33 am By Samantha Hurst  |  

UK based business lender Funding Circle has reached a new milestone in peer to peer lending.  The 4 1/2 year old company has now topped £500 million in loans that have been provided for over 7000 UK SMEs in need of finance.   It took just shy of 4… Read More

January 27, 2015 @ 5:00 am By JD Alois  |  

Funding Circle, a small business loan marketplace, has claimed “first’ in offering individual investors the opportunity to invest in secured fractional small business loans with the launch of its new Fractional Loan Marketplace. Now individual investors may purchase fractional loans ranging in size from $25,000 to… Read More

January 22, 2015 @ 8:48 am By JD Alois  |  

The Royal Bank of Scotland has struck an arrangement with leading peer to peer lenders Funding Circle and Assetz Capital that should give UK small business a boost.  RBS announced it will now formally refer small business borrowers to P2P lenders.  The strategic shift is… Read More

January 15, 2015 @ 7:43 am By JD Alois  |  

Funding Circle, a business oriented peer to peer lending platform, has signed onto a new partnership with local government Herefordshire Council to launch a “pioneering” agreement.  The new partnership is designed to boost local economic growth and job creation via improved access to business finance…. Read More

December 31, 2014 @ 6:26 am By JD Alois  |  

Peer to peer lender Funding Circle recently tested their own platform to see how things would shake out during “adverse economic conditions”.  As we all know economies ebb and flow through an endless cycle of growth and retrenchment.  The “Great Recession” was an extreme example… Read More

December 11, 2014 @ 1:46 pm By Samantha Hurst  |  

Earlier this morning, Crowdfund Insider reported that Lending Club, the largest peer to peer lender in the world, announced it will finally be listing shares today as its public offer trades on the New York Stock Exchange. The platform’s IPO will be  trading under the symbol… Read More

December 4, 2014 @ 9:16 am By JD Alois  |  

New York based KLS Diversified Asset Management has agreed to invest £132 million in loans to small business originated via peer to peer lender Funding Circle.  The loans will be from a private fund managed by KLS and will provide a “further injection of much… Read More

November 10, 2014 @ 8:29 am By JD Alois  |  

While it is not quite clear how one qualifies as “cool” these days, leading news publication Business Insider has put together their list of UK coolness in tech.  BI points out that after Silicon Valley and Silicon Alley in NYC – London has become a… Read More