Tagged: marketplace

Online Lender Funding Circle Updates on US Loans in Form D Filed with SEC

Funding Circle lobby

Funding Circle (LSE:FCH), the now publicly traded peer to peer lending company based in the UK, has long operated a US subsidiary providing access to credit for SMEs. While the UK iteration is more about P2P in the US, due to antiquated securities regulations, it… Read More

Coinbase Announces EU Expansion: Opens New Office in Dublin

Crypto marketplace Coinbase announced on Tuesday it has continued its European expansion by opening its new office in Dublin. According to Coinbase, the expansion will create new jobs and grow the burgeoning Irish crypto economy. The marketplace then confirmed that the number of its customers in the… Read More

QuantmRE Teams Up With Securrency For New Globally Compliant Stablecoin & Blockchain-Based Real Estate Marketplace

Blockchain-based real estate marketplace QuantmRE announced on Thursday it has teamed up with global financial services technology Securrency to create the infrastructure to support its real estate trading platform and launch globally compliant stablecoin and cryptocurrency ecosystem EQRE. Founded in 2017, QuantmRE is seeking to become the… Read More

SEC Charges Former LendingClub Execs, including Founder Renaud Laplanche, with Misleading Investors, Breach of Fiduciary Responsibilities

The Securities and Exchange Commission (SEC) has charged LendingClub Asset Management LLC, and former President Renaud Laplanche with fraud for improperly using fund money to benefit LendingClub.  LendingClub Asset Management, Laplanche, and former CFO Carrie Dolan, also were charged with improperly adjusting fund returns. The… Read More

ILA Capital Partners with Swiss Firm Woodman on Marketplace Lending Fund

Boston based funding manager, ILA Capital, has partnered with Switzerland based Woodman Group to launch a machine learning, marketplace lending fund. ILA said the fund has an initial commitment of $100 million. The Fund will have a short duration, high yield strategy that primarily invests… Read More

P2P Lending: Funding Circle Moves Forward with Initial Public Offering

The long rumored initial public offering (IPO) of UK based Funding Circle appears to be on track and moving forward with a listing on the London Stock Exchange later this year. In a blog post today, Funding Circle stated; “Today we have announced the next… Read More

LendingClub COO Sameer Gulati Resigns

LendingClub (NYSE:LC) has announced the resignation of Chief Operations Officer Sameer Gulati in an 8-K filing with the SEC today. Gulati was said to have resigned yesterday (August 27) but the departure will become effective on December 31, 2018. The company said that Gulati will “focus on… Read More

Pan-European Marketplace Raisin Launches New Savings Platform in the Netherlands

Raisin UK, a successful European Fintech that provides a marketplace for consumers to earn more money on their savings, announced on Wednesday it has launched a new savings platform in the Netherlands. The company reported that it expanded its reach in the Netherlands after introducing… Read More

Funding Societies Tops S$ 200 Million in SME Crowdfunded Loans

Singapore based Funding Societies, a leading peer-to-peer (P2P) lending platform in Southeast Asia, has topped S$ 200 million mark in total crowdfunded SME loans. Funding Societies notes that this accomplishment arrives just 6 months after crossing S$ 100 million in January of this year. The… Read More

Research: Marketplace Lending DOES Benefit Borrowers but Improving Credit Scores May Mean More Debt

There has been an ongoing debate regarding the benefits of marketplace lending when it comes to consumer loans.  A Federal Reserve study hammered peer to peer lending (ie marketplace lending) in late 2017 only to see the study pulled as industry advocates highlighted shortcomings in… Read More

LendingClub Q2 Earnings: Originations Increase 31% YoY, Net Revenue Rises 27%

LendingClub (NYSE:LC) is out with numbers for the second quarter of 2018 ending in June. According to a release, LendingClub delivered the following results: Record net revenue of $177.0 million, up 27% year-over-year Record originations of $2.8 billion, up 31% year-over-year Improved Contribution Margin to… Read More

Peer to Peer Lender Validus Capital Tops S$100 Million in Loans

Singapore based online lender Validus is reporting a milestone of having originated over S$ 100 million in loans to SMEs. Validus is claiming to the be Southeast Asia’s fastest growing SME lender. Validus is licensed by the Monetary Authority of Singapore (MAS) and is also… Read More

Milestone: Marketplace Lender Prosper Tops One Million Loans

Online lender Prosper announced a new milestone yesterday. The marketplace lending platform topped one million loans this past week representing over $13 billion in originations. The news, shared via a blog post, stated; “Since we launched in 2006 as the first peer-to-peer lending company in… Read More

Former Wells Fargo Executive Joins LendingClub as Chief Lending Officer

LendingClub (NYSE: LC), the largest US marketplace lender, has appointed Ronnie Momen to become their Chief Lending Officer. According to LendingClub, Momen will oversee company’s credit strategy including the use of credit data, analytics, and products. Momen started with LendingClub today and is reporting directly… Read More

P2P Lender CreditEase’s Fintech Investment Fund Ranked 3rd Globally

CreditEase, a China based peer to peer lending platform, has been recognized for its Fintech venture fund by a CB Insights report. According to the report, the CreditEase Fintech Investment Fund is number three in the world when it comes to ranking the most active… Read More

Belgian Lending Marketplace Look&Fin Partners with Insurer Atradius to Offer Retail Investors 100% Capital Guarantee


Today June 28, Belgium-based SME lending platform Look&Fin announced that it has partnered with credit insurer Atradius to offer a 100% guarantee on the capital lent to SMEs by its retail investors. The move is dramatically closing the gap between marketplace lending and bank lending…. Read More

Australian Fintech & Invoice Marketplace Timelio Announces $250 Million Milestone

Timelio, an Australia-based online marketplace for invoice and supply chain finance, announced on Tuesday it has surpassed $250 million in invoice funding. Founded in 2014, the fintech firm stated its purpose is to improve the financial well-being of business owners by improving cash flow for… Read More

Update: Finnish Software Provider Sharetribe Set to Close Invesdor Round With More than 950,000 in Funding

Sharetribe, a Finnish software provider, is set to close its equity crowdfunding round on Seedrs later this week. The campaign has successfully secured more than €950,000 from nearly 330 investors. As previously reported, Sharetribe was founded in 2011 and claims its platform is the “easiest” way to… Read More

LendingClub Reports 22% Revenue Growth While Net Loss Grows

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has just released their Q1 earnings report while providing guidance for the full year. According to LendingClub, revenue increased 22% to $151.7 for the quarter with originations growing 18%. Total lending has now topped… Read More

LendingClub Responds to FTC Complaint: “We do not agree and are very disappointed that it was not possible to resolve this matter constructively with the agency’s current leadership”

LendingClub (NYSE:LC), the largest marketplace lending platform in the US, has posted a response to a US Federal Trade Commission (FTC) complaint that was launched in 2016. In brief, LendingClub had this to say: “We do not agree and are very disappointed that it was… Read More

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