Tagged: marketplace

April 18, 2016 @ 11:24 am By JD Alois  |  

According to multiple reports, HSBC is committing £10 billion in lending to UK SMEs. This announcement comes on the heels of a notice that HSBC has introduced its virtual platform that cuts business loan application and approval times – in half. Richard Davies, COO of… Read More

April 18, 2016 @ 8:31 am By JD Alois  |  

Regulation A+, an updated exemption created by Title IV of the JOBS Act of 2012, took a largely moribund exemption and turned it into something useful. Old Reg A was crippled by state blue sky review. The SEC, given the necessary latitude by Congress to… Read More

April 17, 2016 @ 7:16 pm By JD Alois  |  

SocietyOne, has now originated over $100 million in loans according to a release by the company this week.  SocietyOne is the largest Aussie marketplace / P2P lending platform. Australia’s “first” marketplace lending platform has also closed a $25 million funding round, according to a report… Read More

April 17, 2016 @ 6:43 pm By JD Alois  |  

  LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500… Read More

April 15, 2016 @ 7:19 pm By JD Alois  |  

  This past week, Lendit occurred as the annual gathering of online lending platforms and other affiliated companies from around the world. The meeting took place in San Francisco this year – the epicenter of tech innovation. In 2013, a mere three years ago, Lendit… Read More

April 13, 2016 @ 11:36 am By Samantha Hurst  |  

Roofstock, a marketplace for investing in single-family rental homes, announced on Wednesday the appointment of former Credit Karma executive, Jodi Alperstein, as vice president of product and Haven Realty Capital’s founding partner, Eric Gutshall, as vice president of operations.  Alperstein is a FinTech veteran who led product and design at Credit… Read More

April 12, 2016 @ 11:05 am By Samantha Hurst  |  

Last week, Regions Bank announced it has formed a partnership with marketplace lender Avant to offer its customers with a new loan application process. According to the bank, the agreement will combine its already established banking and online presence with Avant’s tech platform to provide a fast, convenient digital… Read More

April 11, 2016 @ 8:58 am By Samantha Hurst  |  

Australian marketplace lender, DirectMoney (ASX:DM1), announced last week that there has been significant growth in new loan originations this past quarter, which ended on March 31st. DirectMoney revealed during the quarter $4.71 million of loans to 219 borrowers were settled, a 48% increase on the prior quarter…. Read More

April 10, 2016 @ 2:59 pm By JD Alois  |  

In the first bi-monthly Monetary Policy Statement, 2016-17 Dr. Raghuram G. Rajan,  Governor of the Reserve Bank of India, stated that a conceptual document will be posted on their website by the end of the month.  According to the statement from last week; Peer to Peer… Read More

April 4, 2016 @ 12:27 pm By JD Alois  |  

Squirrel Group, an alternative finance platform consisting of Squirrel Money, Squirrel Mortgages, Squirrel Money Services and TenanSee is now open to the general public on Snowball Effect.  As Crowdfund Insider reported previously, Squirrel Group is seeking a sizeable equity crowdfunding round of $4.97 million. Last… Read More

April 1, 2016 @ 7:34 am By JD Alois  |  

On the eve of the launch of the IF ISA, RateSetter has announced the appointment of two senior executives; Jim Gunner has joined the RateSetter board ad Non-Executive Director and Chair of the Risk Committee and Nigel Wilkinson is now Head of Commercial Credit. Both… Read More

March 30, 2016 @ 10:06 am By JD Alois  |  

Peer to peer lender Mintos and Polish platform Aforti Finance have formed a cooperative agreement that will help Aforti lend to more small to medium sized businesses in Poland. Mintos currently offers loans from 9 non-bank lenders from Poland, Lithuania, Czech Republic, Estonia, Georgia and… Read More

March 30, 2016 @ 7:52 am By JD Alois  |  

Leading mortgage peer to peer lender LendInvest has published a statement of caution and concern regarding the recently increased stamp duty tax on buy-to-let properties.  Christian Faes, CEO of LendInvest, called the Stamp Duty Land Tax (SDLT) increase “bad news” as landlords will be facing… Read More

March 29, 2016 @ 9:19 am By JD Alois  |  

Finstar Financial Group wants to build its Fintech portfolio and has hired Paul Muhr, an experienced investment banker to boost M&A and capital markets projects. Until recently Muhr was a Vice President at Citi and before that at Goldman Sachs. Muhr’s hiring is said to… Read More

March 29, 2016 @ 8:32 am By JD Alois  |  

Following a year of change where senior management was replaced and Andy Whelan was appointed CEO of the company, GLI Finance (LSE:GLIF) has published annual results as it seeks to “materially strengthen the long term cash generation potential for GLI Finance”. Patrick Firth, Chairman of GLI… Read More

March 27, 2016 @ 8:47 pm By JD Alois  |  

A growing number of platforms are offering credit to their consumers as it appears just about everyone is getting into the online lending business these days. Square (NYSE:SQ), in launching loans from Square Capital provided by Celtic Bank in Utah, has provided another incremental service… Read More

March 26, 2016 @ 10:18 am By JD Alois  |  

Pärtel Tomberg, CEO of Bondora, spoke about his platform’s plans for 2016 in a recent interview.  According to Bondora, one of the objectives for coming months is to “improve the loans quality in all [their] markets”. “We strive for a more secured but faster loan… Read More

March 23, 2016 @ 11:30 am By Therese Torris  |  

  Execfintech, the German fintech event that took place March 8 in Frankfurt dedicated a couple of panel presentations to marketplace lending. The companies represented included the two most successful lending platforms in Germany, P2P lending site Auxmoney and P2B lending marketplace Funding Circle, along… Read More

March 22, 2016 @ 8:32 am By JD Alois  |  

European peer to peer lender Bondora is now regulated by the Estonian Financial Supervision Authority the financial regulatory body of the country. According to Bondora, the process has taken nearly a year to complete and has been described as “very thorough” with “very stringent requirements”… Read More

March 22, 2016 @ 8:16 am By JD Alois  |  

Leading equity crowdfunding platform SyndicateRoom and marketplace lender RateSetter have forged an agreement to partner on providing access to capital for small and medium enterprises (SMEs) in the UK. Recognizing the benefits for enabling both debt and equity capital, the two internet finance portals will… Read More