Tagged: marketplace

February 18, 2016 @ 8:26 am By JD Alois  |  

Orchard platform, the company at the epicenter of marketplace lending, has published a thought-provoking missive that makes one wonder about the state of the economy.  David Snitkof, co-founder and data guru at Orchard, states that after only 6 weeks in – 2016 is a very… Read More

February 18, 2016 @ 8:05 am By JD Alois  |  

Moscow-based Finstar Financial Group has acquired a controlling stake (51%) in Prestamos Prima. According to the company, Prestamos Prima has been operating in the non-bank lending and alternative finance market, specifically Spain, since 2012. Prestamos Prima operates Viventor, a peer to peer investing platform open… Read More

February 18, 2016 @ 7:27 am By JD Alois  |  

Peer to peer lender Zopa has announced it will launch a trio of new products to replace its existing lending offerings. The new products; Zopa Access, Zopa Classic and Zopa Plus, are designed to offer more choice and flexibility to lenders.  For current lenders, Zopa… Read More

February 17, 2016 @ 9:15 pm By Ethan Senturia  |  

I just returned from the Prosper Show in Salt Lake City, Utah, which is a two-day continuing education event for more than 700 Amazon sellers, focused primarily on education, rather than sales.  Using moderated panels of competitors, the event is focused on key business practices… Read More

February 16, 2016 @ 1:58 pm By JD Alois  |  

ArchOver, a peer to peer or “B2B crowdlending platform”, has facilitated a sizeable £2.3 million loan to provide working capital to Duradiamond. The deal is stated to be a record-breaking amount for not just the online lender but for the industry as a whole.  Duradiamond… Read More

February 16, 2016 @ 8:42 am By JD Alois  |  

Zoopla (LSE:ZPLA) has invested an undisclosed sum in peer to peer mortgage lender Landbay.  The announcement was revealed in a corporate filing by Zoopla as well as a statement on the Landbay site.  Zoopla also announced partnership/investments in PropertyDetective, FixFlo and Trussle, each representing an important vertical… Read More

February 16, 2016 @ 8:05 am By JD Alois  |  

RateSetter has announced it has removed all early exit fees from its monthly investment market. This means that investors will have better access to their money without having to pay additional fees associated with an exit. RateSetter also states this new “easy access” will also… Read More

February 15, 2016 @ 11:31 pm By JD Alois  |  

Prosper, a leading marketplace lending platform in the US, has raised its rates. In an email to registered investors, Prosper stated it had increased its estimated loss rates and thus updated the price of loans to reflect the intrinsic increase in risk.  The platform stated;… Read More

February 15, 2016 @ 10:50 pm By JD Alois  |  

Wellesley & Co, a peer to peer lending platform, has appointed Nick McAuliffe as Managing Director.  The new hire was said to arrive as the P2P lender expects significant growth in 2016. Wellesley has made almost £300 million loans to date with over 20,000 registered… Read More

February 15, 2016 @ 1:47 pm By JD Alois  |  

Peer to peer (marketplace) lending is poised to supplant all types of debt markets. While many platforms have focused on the low hanging fruit of providing consumer credit, online lending will someday soon be the norm across many verticals.  In the UK, the mortgage market… Read More

February 14, 2016 @ 1:01 pm By JD Alois  |  

The Ministry of Public Security (MPS) has launched a website where investors may submit platforms where they have been swindled out of their money. The new site is said to be designed to aid authorities as they investigate dodgy platforms.  The announcement, published in China News,… Read More

February 13, 2016 @ 7:17 pm By JD Alois  |  

Independent research firm Autonomous has published a report on “Digital Lending” that estimates that online lending has an addressable market in the US and Europe of $2 trillion dollars.  This outsized opportunity (that others have estimated at being far larger) is married with many opportunities… Read More

February 13, 2016 @ 4:38 pm By JD Alois  |  

Harmoney, the first peer to peer lender in New Zealand, is readying for it’s jump over to Australia.  While an exact date has yet to be set, Scoop reports that an invite-only beta launch will happen in the next few weeks so Harmoney can work… Read More

February 11, 2016 @ 12:08 pm By JD Alois  |  

The leading marketplace lending platform in the US Lending Club (NYSE:LC) reported Q4 and 2015 full year results this morning.  The company also reported that, to date, it has facilitated over $16 billion in consumer and SME loans.  Lending Club also revealed its intent to… Read More

February 11, 2016 @ 9:48 am By JD Alois  |  

Pan-European peer to peer lending platform Bondora has become the first online lender in Europe to open its API to the public.  The program interface is available to both retail and institutional P2P/ marketplace investors. This update to their lending ecosystem should facilitate investor access… Read More

February 11, 2016 @ 9:27 am By JD Alois  |  

The godfather of peer to peer lending Zopa, has published some information on the forthcoming Innovative Finance ISA.  The long awaited update to ISAs will finally take place this coming April. At that time, savers will be able to add P2P / marketplace lending assets… Read More

February 10, 2016 @ 11:30 am By Therese Torris  |  

Today at Finovate Europe in London, quite a few attendees were startled to hear Jevhenijs Kazanis, Twino’s CEO, confidently assert: “Twino will buy back any non performing loan after a 30 day period of delinquency.” How could that work? Many wondered. It was already startling… Read More

February 10, 2016 @ 10:09 am By JD Alois  |  

In an interview today on BBC, Lord Adair Turner, former Chair of the FSA (predecessor to the FCA), shared his opinion on banking and the financial industry in general, including a discussion on the burgeoning peer to peer lending sector.  Lord Turner, it appears, is… Read More

February 7, 2016 @ 1:07 pm By JD Alois  |  

Leading marketplace lending platform Prosper acquired an Israeli startup towards the end of 2015 called BillGuard.  BillGuard’s service allows consumers to track their spending across many accounts, budget effectively, and protect their money from wrongful charges while monitoring a user’s credit score. It may also… Read More

February 6, 2016 @ 7:21 pm By JD Alois  |  

Hanwha, one of the largest conglomerate companies in South Korea, has launched a partnership with Dianrong a leading peer to peer lender in China. The as of yet named entity will open an office in Singapore later this month. Hanwha is a Chaebol that formed an technology… Read More