Tagged: marketplace

March 18, 2016 @ 8:18 pm By Louise Beaumont  |  

  The global alternative finance industry has undergone staggering growth in recent years. In 2015 combined market activity in the UK grew 84% from £1.74bn the year before to £3.2bn. Around 20,000 SMEs raised approximately £2.2bn in funding through online channels, representing a year-on-year growth… Read More

March 18, 2016 @ 9:22 am By JD Alois  |  

  Crowd2Fund has just revealed it is going global. According to information provided by the crowdfunding platform, Crowd2Fund has opened its platform to investors in 163 different countries to create accounts and invest in UK SMEs.  Crowd2Fund is an FCA regulated platform that offers both… Read More

March 18, 2016 @ 8:46 am By JD Alois  |  

There has been a lot of chatter regarding the numerous announcements by Chancellor of the Exchequer George Osborne and his budget presentation to parliament this week.  One of the areas that received a government update is the structure of the ISA.  As many people understand, in… Read More

March 17, 2016 @ 8:09 am By JD Alois  |  

Prêt d’Union, a leading peer to peer lender operating in France, is expected to expand operations into Italy soon. First reported by TechCrunch, Prêt d’Union apparently will operate under the brand “You United Credit”.  As TC points out, several domains (http://younited-credit.it) are registered under the name… Read More

March 16, 2016 @ 8:39 am By JD Alois  |  

The Federal Reserve Open Market Committee (FOMC) convenes today to discuss and determine if interest rates need to rise. Recent geopolitical realities, such as the ECB going all in as growth sputters, have pushed most Fed watchers into the camp that rising rates are on… Read More

March 16, 2016 @ 7:44 am By JD Alois  |  

The Funding Circle SME Fund was listed on the London Stock Exchange in the fall of 2015 having raised £150 million. The permanent capital vehicle is now lending to small business in Germany, the Netherlands and Spain.  The fund had previously commenced lending to UK… Read More

March 15, 2016 @ 11:06 am By JD Alois  |  

Orchard Platform is holding a marketplace lending industry gathering today in New York City. The event is designed to help the industry scale and desires to be a positive catalyst in the evolution of online lending. Best practices, knowledge sharing and regulatory risk are key… Read More

March 15, 2016 @ 10:23 am By JD Alois  |  

StreetShares, an online lender providing access to capital for SMEs, has announced it has received SEC approval to leverage Regulation A+, enacted under Title IV of the JOBS Act, to deliver a crowdlending product. StreetShares described the qualification as “Historic” and a first for the… Read More

March 15, 2016 @ 9:00 am By JD Alois  |  

Orchard Platform will be holding its first Partner Forum designed to help shape the future of marketplace lending.  The inaugural event will involve Orchard executives alongside industry executives such as Noah Breslow of OnDeck, Ron Suber of Prosper and Tom Glocer of Angelic Ventures. According… Read More

March 14, 2016 @ 11:14 am By Samantha Hurst  |  

On Sunday, the Supreme People’s Court of the People’s Republic of China (SPC) announced that the country’s court system handled approximately 1.42 million cases regarding peer-to-peer lending during 2015. As reported by Xinhua, during the annual parliamentary session, SPC President, Zhou Qiang, noted that the… Read More

March 14, 2016 @ 9:00 am By JD Alois  |  

Prosper Marketplace and HomeAdvisor have signed a multi-year agreement for Prosper to be the exclusive partner to provide home improvement finance via the HomeAdvisor website. HomeAdvisor, based in Golden, Colorado, is an operating business of IAC (NASDAQ: IAC) and is said to have connected more than 35… Read More

March 14, 2016 @ 7:24 am By JD Alois  |  

Commercial mortgage lender LendInvest has received a £17 million Series Be investment from Atomico, the venture capital firm created by Skype creator Niklas Zennerström. Mattias Ljungman, who formed Atomico with Zennström, will take a seat on the LendInvest board.  Since 2006, Ljungman has been involved… Read More

March 14, 2016 @ 4:00 am By Midori Yoshimura  |  

In the sink-or-swim world of startups, recognizing and adapting to the unanticipated real needs of a market can be the way that a company makes it safely to success on the not-too-distant shore. Investly, an Estonian peer-to-peer (P2P) lending platform, has honed a keen sense of product/market fit, after its founder,… Read More

March 12, 2016 @ 2:22 pm By JD Alois  |  

Lending Loop launched its peer to peer lending platform in Canada last year. In the fall, Lending Loop stated that Dentons would assist in “full compliance with all applicable provincial and federal regulations”. Today, Lending Loop is on pause as it works things out as it… Read More

March 11, 2016 @ 8:22 am By JD Alois  |  

Estonia-based Bondora, a marketplace lending platform, has now surpassed € 1 million in loans processed via their site. Out of these applications € 150 million in loans have been approved and investors have funded over € 52 million. Bondora CEO and co-founder Pärtel  Tomberg commented on topping the… Read More

March 9, 2016 @ 10:18 pm By JD Alois  |  

Marketplace lending platform Prosper has moved quickly to leverage their recent acquisition of Israel-based BillGuard. Prosper has unveiled the “Prosper Daily” mobile App designed to give consumers a suite of tools to make better financial decisions, including viewing all their financial accounts in one place,… Read More

March 9, 2016 @ 8:13 am By JD Alois  |  

Peer to peer lender ArchOver has successfully closed a record £2.3 million working capital loan for Duradiamond Healthcare. The new credit facility was announced last month by ArchOver and was described as not just a record for their platform but for the online lending industry… Read More

March 8, 2016 @ 9:38 am By JD Alois  |  

Small business is extremely important for the economy. This is not just a US or UK issue, it is a global phenomenon. Small and medium-sized enterprises (SMEs) are the drivers of economic growth, job creation and thus wealth. Fostering an ecosystem that facilitates access to… Read More

March 7, 2016 @ 11:52 pm By JD Alois  |  

Squirrel Group, a mortgage broker and peer to peer lender is looking to raise $5 million in funding and they are using Snowball Effect to help things along.  The offer, which is coming prior to an anticipated public listing, has garnered significant interest. So much,… Read More

March 7, 2016 @ 2:19 pm By JD Alois  |  

Just like many other peer-to-peer lenders, ThinCats sees profound opportunity in the forthcoming Innovative Finance ISA (IFISA).  And just like many P2P lenders, they are still waiting on full FCA regulation to offer the new savings vehicle. ThinCats expects to receive FCA approval soon and,… Read More