Tagged: marketplace

January 27, 2017 @ 8:47 am By Therese Torris  |  

On January 25, Raffael Johnen, the CEO and co-founder of auxmoney, was on stage at the Paris Fintech Forum as the news was still under embargo: Dutch insurer Aegon has agreed to lend €1.5 billion euros over the next 3 years through the auxmoney lending… Read More

January 26, 2017 @ 12:21 pm By JD Alois  |  

LendingRobot has officially launched their next big vertical: a Robo-Hedge Fund for alternative lending. Crowdfund Insider initially wrote about the forthcoming Robo-fund when we uncovered an SEC filing for a pooled investment vehicle last November. While the filing became public at that moment, the “LendingRobot… Read More

January 21, 2017 @ 2:07 pm By JD Alois  |  

Following big news of a $100 million funding round, Funding Circle has announced it will stop issuing new loans in Spain. The announcement was posted on the Spanish version site of the SME peer to peer lender noting that it has not offered new loans… Read More

January 18, 2017 @ 6:07 pm By JD Alois  |  

Credible, a multi-lender marketplace for student and personal loans, has closed on a $10 million Series B funding round.  The newest round brings total funding to $23 million to date for the young Fintech firm. The series B funding round was led by Regal Funds… Read More

January 18, 2017 @ 5:47 pm By JD Alois  |  

lending clubLending Club (NYSE:LC) has filed an 8-K regarding an investor update from the company’s Chief Investment Officer Siddhartha Jajodia. The letter includes an update on expected delinquency rates across the existing loan portfolio following changes made several times in 2016, and implemented additional changes… Read More

January 18, 2017 @ 9:21 am By JD Alois  |  

Lending Club (NYSE: LC), the leading US marketplace lending platform,  will issue its Q4 earnings report on Tuesday, February 14, 2017, after market close. Lending Club will host a conference call to discuss the fourth quarter financial results at 2:00 p.m. PT / 5:00 p.m. ET on… Read More

January 17, 2017 @ 8:39 am By JD Alois  |  

Marketplace lending platform Lendix has landed in Italy. The Paris-based operation has announced the appointment of Sergio Zocchi as CEO.  Lendix said that Zocchi has over 20 years experience in high-tech and finance as he leads the local Lendix team based in Milan. Lendix said… Read More

January 11, 2017 @ 9:22 pm By JD Alois  |  

  4thWay, a P2P ranking site, has published a report on the UK peer to peer lending market.  According to their numbers, delivered another “record year”, with a total of £3.02 billion facilitated via 35 various platforms in the UK. The totals are as follows: Consumer loans… Read More

January 10, 2017 @ 4:03 pm By Samantha Hurst  |  

Ridewithlocal, an online marketplace for adventure tourism that connects users directly to over 700 verified instructors globally in a range of activities, is seeking £400,000 during its equity crowdfunding campaign on Crowdcube. The platform, which was founded in 2015, already has more than 700 instructors… Read More

January 9, 2017 @ 5:22 pm By Samantha Hurst  |  

Desi High Street, an online marketplace that connects customers with ethnic/desi/South Asian goods retailers and businesses, launched an equity crowdfunding on Crowdcube and is seeking £100,000 in funding. The marketplace stated it considers itself one of the first websites to provide a one-stop-shop for British Asian… Read More

January 9, 2017 @ 12:13 pm By Jessica Pham  |  

Peer to peer lending platform Wellesley has been crowdfunding on Seedrs for almost a month to raise £1.5M (approximately $1.82M). The campaign is currently restricted to Wellesley customers so it is hard to track. Investors have the chance to buy shares in the P2P platform… Read More

January 9, 2017 @ 11:24 am By JD Alois  |  

Marcus, Goldman Sach’s (NYSE:GS) foray into the universe of online lending, launched late last year. The catch was you had to be “invited” to take out a loan. Management was clearly testing things before the training wheels came off. Today, Marcus is emailing folks to let… Read More

January 9, 2017 @ 9:05 am By Vincent Basulto  |  

Predicting what will transpire in the coming year is always challenging, particularly in relatively nascent and growing industries such as marketplace lending. While surprises are undoubtedly in store for 2017, indications are that certain trends—the growth of bank partnerships and industry consolidation—will continue and accelerate… Read More

January 9, 2017 @ 7:25 am By JD Alois  |  

Peer to peer lending platform Octopus Choice has received full authorisation from the Financial Conduct Authority. Octopus Choice is part of Octopus Investments. The company said the FCA approval was a first for an advisor focused P2P platform. Richard Wazacz, Head of Octopus Choice, commented on the… Read More

January 8, 2017 @ 5:30 pm By Timothy Li  |  

The following are my top ten Fintech predictions for the coming year. While 2016 has been a momentous period in Fintech innovation there is more to come. 10 – Sensors Internet of Things (IoT), Wearables, Smart Home and Connected Car will bring massive change to… Read More

January 4, 2017 @ 7:01 pm By JD Alois  |  

In the world of alternative finance, one US industry was probably happy to see 2016 end. Online lending, both marketplace lenders (née P2P lending) and balance sheet platforms, hit the proverbial brick wall during last year. Rumblings of a more challenging environment picked up in… Read More

January 2, 2017 @ 4:49 pm By JD Alois  |  

Last year due to time constraints I was unable to publish my list of Crowdfunding/Fintech predictions for 2016. This year I am back once again, for better or worse, peering deep into my crystal ball with a list of prognostications for the coming year. The… Read More

December 26, 2016 @ 11:56 am By Samantha Hurst  |  

With less than seven days until its equity crowdfunding campaign on Crowdcube comes to an end, online marketplace that’s dedicated to parent-run businesses All By Mama has secured its initial £75,000 funding goal thanks to 185 investors. The platform recently decided to extend its initiative, which was supposed to close… Read More

December 22, 2016 @ 2:04 pm By Thomas LeTrent and Aaron Schwartz  |  

Market credibility and an emphasis on better transparency will be two key factors for marketplace lending in 2017. 2017 will be a pivotal year for the marketplace lending (MPL) space as the market will seek stabilization in both confidence and venture funding, following a challenging… Read More

December 22, 2016 @ 12:30 pm By JD Alois  |  

VPC Specialty Lending Investments has sold its portfolio of peer to peer loans that were originated on Funding Circle UK.  VPC stated it was seeking “less volatile returns” in selling the P2P assets. “The sale helps accelerate the company’s strategy of reallocating capital away from… Read More