Tagged: funding circle

September 28, 2015 @ 11:58 am By Samantha Hurst  |  

Crowdnetic, a provider of technology and market data solutions to the marketplace lending industry, today announced the launch of “Marketplace Lending Gateway” (“Gateway”), a centralized technology platform that connects loan applicants from banks and retailers to alternative funding sources through a real-time matching and allocation… Read More

September 23, 2015 @ 11:36 am By JD Alois  |  

Peer to peer lending platform Zopa has just updated Crowdfund Insider about their platform growth. According to Zopa, September is shaping up to be a stellar month. The P2P lender expects to top £60 million in loan originations beating all prior months.  Zopa is the first… Read More

September 16, 2015 @ 11:43 am By Samantha Hurst  |  

Bizfi, a fintech company that combines aggregation, funding and a participation marketplace on one platform for small businesses, announced it has launched both an API (application protocol interface) and a white label solution which will enable partner companies to offer direct lending solutions to their… Read More

September 15, 2015 @ 10:27 am By Erin Hobey  |  

Silicon Valley can’t compete with London in terms of Fintech, says UK Treasury special Fintech envoy Eileen Burbidge: “Wall Street Talent doesn’t come to Silicon Valley.” UK Treasury special Fintech envoy and partner at tech VC Passion Capital, Eileen Burbidge took the stage at Fintech Week and discussed… Read More

September 11, 2015 @ 2:10 pm By JD Alois  |  

Marketplace lender Funding Circle has added a new partner to its growing roster of collaboraters. H&R Block, the accounting service provider, will now provide a new service for business loans of up to $500,000 via Funding Circle’s platform. The new agreement is described as bolstering… Read More

September 9, 2015 @ 11:21 am By JD Alois  |  

Peer to peer lending comparison site 4thWay has shared a data points of the “big 3” direct lenders in the UK.  4thWay notes the platforms are “aligned” as one would expect. All three continue to have “satisfactory to excellent bad debt rates”.  How much you… Read More

September 3, 2015 @ 7:11 pm By JD Alois  |  

In a letter to Funding Circle investors, and a post on the Funding Circle site,  the UK’s leading SME direct lender announced within the next month the platform will shift to fixed interest rate loans. Presently Funding Circle uses a bidding process where investors compete… Read More

September 3, 2015 @ 4:00 pm By Midori Yoshimura  |  

  With the publication of the Small Business Borrowers’ Bill of Rights, one of the first consensuses on responsible small business lending practices, earlier this month, marketplace lending platforms including Funding Circle, Lending Club and Fundera showed their support for greater transparency for borrowers and accountability for platforms and… Read More

September 1, 2015 @ 12:30 pm By Erin Hobey  |  

It’s meal time, a time when Zomato’s site is likely swarmed with hits.  If you are not yet familiar with Zomato, click here to see if the platform services your city. From Vancouver to Auckland, Zomato is used by millions of hungry people every day to decide… Read More

August 18, 2015 @ 11:43 am By Erin Hobey  |  

Today CBR‘s Jimmy Nicholls posted research regarding London’s fintech scene, highlighting which companies have drawn the most money in their funding rounds. His results follow: 1. Funding Circle – £96m Perhaps the largest peer-to-peer lender in London is Funding Circle a technology start-up that began life… Read More

August 11, 2015 @ 9:42 am By Samantha Hurst  |  

This week, the Lambeth Council and Funding Circle announced the launch of the Local Business Lending Partnership, a pioneering new scheme to stimulate local economic growth and employment through improved access to business finance. As part of the scheme, the council will lend money directly… Read More

August 10, 2015 @ 10:30 am By Candace Klein  |  

  As traditional lending tightened for consumers and small businesses, following the 2008 recession and the Dodd Frank regulatory environment that followed, alternative lending has now become quite the burgeoning new industry. And with alternative lenders ranging the gamut from near-bank products and terms to… Read More

August 6, 2015 @ 10:44 am By JD Alois  |  

Marketplace lending platforms have taken advantage of the fact that many were in attendance in DC for a gathering at the US Department of Treasury to publish a Small Business Borrowers’ Bill of Rights.  The coalition of signees included Funding Circle, Lending Club, Fundera and… Read More

July 21, 2015 @ 8:56 pm By JD Alois  |  

Funding Circle has declared approximately $235 million in lending for Q2, boosted in part by a solid June that saw $100 million in loans alone. Funding Circle stakes the claim as the “world’s leading online marketplace for business loans”. Funding Circle stated the US market grew a… Read More

July 14, 2015 @ 4:49 pm By JD Alois  |  

Funding Circle is on a trajectory to originate around $1 billion in loans for 2015. The direct lender facilitated $100 million in loans in both the US and UK combined for the month of June, according to CEO and founder Samir Desai. The marketplace lending… Read More

July 8, 2015 @ 11:27 am By JD Alois  |  

  The Chancellor of the Exchequer’s summer budget was said to put economic security first and was a plan for “working people”. But incorporated in the policy statement was also aspects that should benefit disruptive financial firms on both the debt and equity side of… Read More

July 2, 2015 @ 12:39 pm By David Klein  |  

By now, you’ve more than likely heard about Goldman Sachs’ plans to launch an online consumer lending unit as early as next year. Yes, Goldman Sachs, the 146-year-old Wall Street giant best known for focusing on the 1%, is making a bet on Main Street with plans… Read More

June 30, 2015 @ 9:00 am By Erin Hobey  |  

  UK-based Property Partner, the residential real estate crowdfunding investment platform, allows people to invest in individual residential properties at the click of a button. Investors receive a monthly rental income and benefit from any capital growth, in direct proportion to their ownership.  Identifying locations and individual properties that are likely to be… Read More

June 26, 2015 @ 11:16 am By JD Alois  |  

The largest consumer review site in the UK Which? has reviewed several peer to peer lending platforms. Which?, in operation since 1957,  now claims over 680,000 print subscribers and 335,000 online readers.  The non-profit entity tests and reviews a wide range of products and services,… Read More

June 10, 2015 @ 3:52 pm By Samantha Hurst  |  

Mercator Advisory Group’s latest research, An Introduction to Peer-to-Peer Lending: A European Perspective analyzes the new and fast growing payments segment peer-to-peer (P2P) lending and the business models underpinning it. The report focuses on P2P lending providers in the European market, in particular the U.K., profiling the leaders… Read More