Tagged: marketplace

March 6, 2016 @ 8:04 pm By JD Alois  |  

SoFi, perhaps the fastest growing marketplace lending platform, is investigating the possibility of launching a Real Estate Investment Trust (REIT). This is according to a report in Bloomberg that cited people with knowledge of the preparations.  SoFi is said to be considering the option as… Read More

March 6, 2016 @ 4:50 pm By JD Alois  |  

Investing via online platforms, be they a marketplace lender /P2P site, or a real estate crowdfunding platform, takes time and typically entails jumping from platform to platform.  As the internet finance industry matures, it is inevitable that new channels crop up to help facilitate investors… Read More

March 4, 2016 @ 9:53 am By JD Alois  |  

Estonia-based marketplace lending platform Bondora is now 7 years old. Hard to believe the platform has been around such a long time. CEO and co-founder, Pärtel Tomberg, commented on their anniversary. “It’s a great pleasure to celebrate Bondora’s 7th birthday with our community of investors and… Read More

March 2, 2016 @ 3:51 pm By Samantha Hurst  |  

Yirendai Ltd. (NYSE: YRD),  an online consumer finance marketplace in China, announced this week it will be considered as the first online consumer finance marketplace in China facilitating consumer loan products with asset-backed security (“ABS”) structure. Yirendai reported that as part of its strategy to diversify and expand… Read More

March 2, 2016 @ 2:57 pm By JD Alois  |  

Prosper Marketplace has appointed David Kimball as its Chief Financial Officer. Kimball was previously Senior Financial Officer of USAA’s Chief Operating Office in San Antonio, Texas. Before his tour at USAA, Kimball spent many years at the Ford Motor Company working in Finance. Most recently… Read More

March 1, 2016 @ 11:47 am By Samantha Hurst  |  

Last month, peer to peer lender Zopa announced it launched a trio of new products to replace its existing lending offerings. Zopa Access, Zopa Classic and Zopa Plus are designed to offer more choice and flexibility to lenders.  For current lenders, Zopa will retire the existing… Read More

February 29, 2016 @ 10:43 pm By Spencer Li  |  

Following the much-talked-about Ezubao $7.6 billion Ponzi scheme collapse at the end of last year, the perception and outlook of the Chinese online lending industry has grown increasingly negative both within and outside of China. Murmurs of regulation began floating around in early 2014 but… Read More

February 29, 2016 @ 2:55 pm By Samantha Hurst  |  

Marketplace lending platform, Avant, announced on Monday it has surpassed $3 billion in loan originations in the past three years. With 440,000 customers worldwide, Avant is changing the way consumers borrow by lowering the costs and barriers of borrowing. Founded in November 2012, Avant has reportedly… Read More

February 29, 2016 @ 7:57 am By JD Alois  |  

loanDepot has announced a new partnership with Orchard Platform – the company that is at the nexus of online lending and institutional participation. loanDepot will now be integrating its performance data into the Orchard U.S. Consumer Marketplace Lending Index and Market Data products. loanDepot states believes… Read More

February 29, 2016 @ 7:35 am By JD Alois  |  

Lending Works is hoping to launch their IFISA product on April 6th, just like most other peer to peer lending platforms. They too, like many others, are awaiting final approval by the FCA to offer the new saving vehicle. According to Lending Works, current regulation… Read More

February 27, 2016 @ 3:23 pm By JD Alois  |  

VPC Specialty Lending Investments PLC (LSE:VSL), a publicly traded fund that invests in online lending platforms and assets, continues to see a strong pipeline of investment opportunities within the online lending sector. This is according to VPCs most recent report. The investment manager of the… Read More

February 25, 2016 @ 2:56 pm By Samantha Hurst  |  

Money360, a commercial real estate online marketplace lending platform, announced on Thursday the appointment of Prathit V. Thaker joined as Chief Risk Officer, and Peter J. Margolin as Midwest Regional Director.  Thaker reportedly brings more than 20 years of commercial real estate finance experience, specializing… Read More

February 25, 2016 @ 8:54 am By JD Alois  |  

The forthcoming Innovative Finance ISA (IFISA) launches on April 6, 2016.  This new savings vehicle is expected to drive value for both investors and peer to peer lenders alike.  For investors, the benefit is a better risk-adjusted return. All peer to peer lenders deliver far… Read More

February 24, 2016 @ 9:03 am By JD Alois  |  

Jake Wombwell-Povey, CEO & co-founder of Goji Holdings – a service provider for P2P platforms offering Innovative Finance ISAs (IFISA), has shared a comment letter submitted to HM Revenue & Customs.  According to the missive, the Financial Conduct Authority (FCA) and HMRC are not quite… Read More

February 23, 2016 @ 11:06 am By Samantha Hurst  |  

On Tuesday, Latvia’s peer-to-peer lending marketplace Mintos announced it has closed its seed funding round, which has attracted €2 million from Skillion Ventures, a Riga-based venture capital firm. Mintos is an aggregation platform that allows investors to access loans originated on a plethora of platforms –… Read More

February 22, 2016 @ 6:58 pm By JD Alois  |  

OnDeck (NYSE:ONDK) reported 4th quarter and full year results after the bell today.  The online lender beat expectations by $0.01 but guided lower than market consensus. According to the release, OnDeck loaned more than $1.9 billion to SMEs for  2015, increasing gross revenue by 61%… Read More

February 22, 2016 @ 8:42 am By JD Alois  |  

Peer to peer lender ThinCats has topped £150 million in loans since its founding in 2010. ThinCats is an online lender that provides access to capital for British SMEs. The P2P lender shared the top four sector loan beneficiaries over past five years include financial… Read More

February 21, 2016 @ 3:07 pm By JD Alois  |  

The government crackdown on internet finance, probably best exemplified by the Ezubao collapse and incarceration of the P2P lenders executives, has slowed the growth of the online lending industry.  According to a report in China News, as of January, there were 2771 platforms in operations in… Read More

February 19, 2016 @ 3:18 pm By Samantha Hurst  |  

Australian marketplace lender, DirectMoney, announced that it has sold a total of $5 million of personal loans to Macquarie Group (Macquarie), a provider of financial, advisory, investment and funds management services. According to DirectMoney’s most recent quarterly report the platform held $8.49 million in loans at… Read More

February 19, 2016 @ 7:37 am By JD Alois  |  

Assetz Capital states that its Quick Access Account (QAA) has seen over £22.7 million invested in their new service. Byt March that number is expected to hit £30 million.  QAA competes with bank savings accounts by providing a higher rate of return for savers will… Read More