Tagged: marketplace

March 3, 2017 @ 11:25 am By JD Alois  |  

Lending Club (NYSE:LC) has was a significant court victory regarding its ability to compel arbitration. The case Bethune v. LendingClub Corp. was filed in the Souther District Court of New York in 2016. The issue pertained to the interest rate a New York resident was being charged… Read More

February 27, 2017 @ 2:41 pm By JD Alois  |  

Prosper Marketplace, one of the leading online lenders in the US, has signed an agreement with a group of institutional investors to purchase up to $5 billion in loans over the next 24 months. The agreement alleviates a challenging situation that has been endured by… Read More

February 24, 2017 @ 7:28 pm By JD Alois  |  

Lending Club (NYSE:LC) has tweaked the way it manages the “grace period” for borrowers when they make payments past the due date. Previously, borrowers received a 15 day grace period for any penalties on payments less than 15 days late.  Beginning today, Lending Club requires… Read More

February 24, 2017 @ 9:43 am By Therese Torris  |  

In what is probably a worldwide premiere, the French SME lending aggregator site crowdlending.fr organized an online competition enabling retail investors to elect their favorite lending marketplaces. The members of crowdlending.fr’s community of lenders lend on average €4,500 through 3,2 platforms. The 600 voters, who… Read More

February 22, 2017 @ 3:41 pm By JD Alois  |  

SME lender Funding Circle has reportedly topped £2 billion in lending. The SME marketplace lender is closing in on UK’s largest online lender Zopa that announced in January it had surpassed the £2 billion mark. Of course Funding Circle is an international operation with lending… Read More

February 22, 2017 @ 4:00 am By JD Alois  |  

Bitbond has raised $1.2 million in equity capital to help boost global expansion. The Berlin-based online lending platform has now raised total funding of $2.3 million. The funding round was led by mobilike founder Şekip Can Gökalp, plus several angels investors including, Fyber founders Janis Zech… Read More

February 21, 2017 @ 12:05 pm By JD Alois  |  

Online lender RateSetter has said it has now collected £1 billion in capital repayments from borrowers since its first loan back in 2010. Overall, RateSetter has originated approximately £1.75 billion in loans while paying out £63 million in interest.  The average interest rate ranged between… Read More

February 20, 2017 @ 2:20 pm By Therese Torris  |  

At the onset of the marketplace lending market, lending to businesses was equated with lending to small and very small businesses: businesses at the low end of the small and medium-size enterprise (SME) market who were borrowing on average under €100,000.  However, as the alternative lending… Read More

February 14, 2017 @ 4:59 pm By JD Alois  |  

Lending Club (NYSE:LC) has reported Q4 2016 earnings along with forward-looking statements for 2017. Lending Club reported that loan originations in Q4 of 2016 were $1.99 billion, or 1% higher compared to the $1.97 billion reported in Q3 of 2016 and down 23% compared to $2.58 billion in the… Read More

February 14, 2017 @ 4:26 pm By JD Alois  |  

Lending Club (NYSE:LC), the largest marketplace lending platform in the US, has reported Q4 results alongside full year numbers. Loan originations in Q4 of 2016 were $1.99 billion, up 1% compared to the $1.97 billion reported in Q3 of 2016 and down 23% compared to $2.58 billion in the… Read More

February 13, 2017 @ 10:18 pm By JD Alois  |  

In the online lending world, there are a handful of people that know everything that is going on. From the good to the not so good, their vantage point is unique. Ram Ahluwalia, CEO and co-founder of PeerIQ, is one of these individuals. Ahluwalia launched PeerIQ in… Read More

February 10, 2017 @ 10:04 am By JD Alois  |  

Therese Torris, Senior Contributing Editor for Crowdfund Insider, recently visited the offices of Misys to discuss alternative finance. Misys is a large UK based financial services software provider offering solutions for retail and corporate banking along with capital markets applications.  Misys claims more than 2000… Read More

February 8, 2017 @ 10:30 am By JD Alois  |  

Lending Works has launched its Innovative Finance ISA (IFISA). The peer to peer lender says it is the “first: major UK platform to offer the IFISA. The IFISA is a new category of ISA set up exclusively for peer to peer lending investment. The IFISA… Read More

February 8, 2017 @ 7:50 am By JD Alois  |  

Bond Mason: Over half of wealth managers would now recommend direct lending as an alternative to mainstream cash products. BondMason has published its Market Report 2017 reviewing the trends in the UK peer to peer lending market.  BondMason is a platform that provides investors a… Read More

February 3, 2017 @ 1:45 pm By JD Alois  |  

The UK government is expected to publish soon a White Paper on the UK housing challenge. Housing starts are at an all time high but hurdles remain as demand continues to outstrip supply. Expectations are for “radical plans” to be outlined to help the government… Read More

February 3, 2017 @ 7:47 am By JD Alois  |  

Just as Funding Circle is pulling out of Spain, peer to peer lender Lendix is moving in and announcing its first Spanish project. Following approval by the Comisión Nacional del Mercado de Valores (CNMV), Lendix has posted an opportunity to lend to JIZ Operaciones SL,… Read More

February 2, 2017 @ 8:05 am By JD Alois  |  

German peer to peer lending auxmoney is now offering its customers the ability to borrow legally by using an internet video ID and digital signature. Germany’s largest online lender has partnered with IDnow eSigning to update their process. Germany maintains a very strict application process so incorporating… Read More

February 1, 2017 @ 12:09 pm By JD Alois  |  

Formerly with USAA and CIT Group, Ashraf Will Manage Capital Markets and Finance Functions at Prosper Marketplace Prosper Marketplace has appointed Usama Ashraf as its new Chief Financial Officer. Ashraf will be overseeing the online lenders capital markets function, as well as all of the… Read More

February 1, 2017 @ 6:00 am By JD Alois  |  

Fintech firm PeerIQ Analytics has announced that Freedom Financial has integrated their PeerIQ Analytics Platform.  PeerIQ is a top provider of data and analytics for the emerging online lending industry. Freedom Financial Asset Management, a subsidiary of Freedom Financial Network, is described as one of… Read More

January 30, 2017 @ 8:09 am By JD Alois  |  

  Zopa, the UK’s very first peer to peer lending platform, has topped £2 billion in lending.  According to information provided by the online lending platform, as of today, Zopa has matched over 246,000 borrowers to 75,000 investors to provide access to capital in the… Read More