Tagged: marketplace

February 5, 2016 @ 10:03 am By Samantha Hurst  |  

Continuing to find success wherever it goes, Crowdcube #FundedClub member and award-winning online marketplace in the UK, Farmdrop, announced this week that it has completed its £3M funding round led by Atomico, which was reportedly founded by Skype co-founder Niklas Zennström. As previously reported, Farmdrop hit Crowdcube in… Read More

February 4, 2016 @ 9:14 am By Samantha Hurst  |  

Lobster, a content marketplace for brands to find and license photos from social media users, has launched a crowdfunding campaign on SyndicateRoom to raise £300,000 to help fuel its global expansion. Following its funding round’s debut, Lobster announced its integration with Google Photos (also known as… Read More

February 3, 2016 @ 2:30 pm By JD Alois  |  

In the UK, similar to other parts of the world, SMEs are the engine of economic growth and associated job and wealth creation.  According to the Federation of Self-Employed and Small Businesses (FSB); Small businesses account for 99.3% of all private sector businesses at the… Read More

February 1, 2016 @ 9:23 am By JD Alois  |  

Peer t0 peer lender Assetz Capital has revealed it has secured funding from “a number of financial institutions” and will be providing access to capital for UK SMEs.  Assetz Capital provides a variety of products including commercial mortgages, SME term loans, development finance, bridge loans,… Read More

February 1, 2016 @ 8:06 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has published end of year numbers for 2015. The P2PFA tracks the top peer to peer lenders in the UK.  In Q4 of 2015, P2PFA members generated just shy of £650 million in loans. Their numbers also… Read More

January 31, 2016 @ 9:47 pm By JD Alois  |  

Banking regulators are said to be establishing a “monitoring and warning system” against financial risk and fraud. This is a according to a report in China News that reported a statement that was released at a conference on political and legal work earlier this month…. Read More

January 30, 2016 @ 9:26 am By JD Alois  |  

Australian marketplace lending platform DirectMoney (ASX:DM1) has posted its Q2 results for the period ending December 21st, 2015.  DirectMoney listed its shares on the ASX just last year in mid-July. The IPO priced out at $0.20/share. The company was launched in 2006 but created a… Read More

January 29, 2016 @ 2:27 pm By JD Alois  |  

  SoFi is one of the fastest growing marketplace lending platforms in the United States. The direct lender started by providing student loan services to well-educated young professionals. These borrowers were typically ignored by banks as the monolithic banking model and its antiquated process denied reality… Read More

January 29, 2016 @ 9:11 am By JD Alois  |  

VPC Specialty Lending Investments (LSE tickers: VSL and VSLC) has declared an “interim” dividend of 2.0 pence per ordinary share for the quarter ending December 21, 2015.  VPC also declared a 1.07 pence per share dividend for C shares for the period from October 2nd to… Read More

January 28, 2016 @ 12:04 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform, LendInvest, announced it has published its 2015 report. Highlights from 2015 include the following: Lowered minimum investment from £10,000 to £1,000 Completed UK’s largest ever Series A Funding with £22 million investment by Beijing Kunlun for 20% shareholding. Became world’s… Read More

January 27, 2016 @ 10:18 am By JD Alois  |  

Estonia based Bondora has topped a significant milestone. According to the peer-to-peer lender, as of yesterday they have surpassed €50 million in loans.  Their base of investors, at last count, stands at 12,641.  Their site states these investors come from 37 different countries. Borrowers now number… Read More

January 26, 2016 @ 8:51 am By JD Alois  |  

Following a €600,000 investment, Investly has launched a peer to peer lending platform targeting UK SMEs. Investly is an invoice finance platform similar to market leader MarketInvoice. SpeedInvest, a venture capital group that has been active in the Fintech space, provided the financing to enable… Read More

January 25, 2016 @ 8:44 am By JD Alois  |  

Peer to peer lender Folk2Folk has announced the creation of a “Legal Panel” to support its national roll-out strategy.  This new entity is said to form a national network of law firms to support the company’s local secured lending model as a central part of… Read More

January 24, 2016 @ 9:30 pm By JD Alois  |  

According to a recent report, the total amount of loans for direct lenders in Germany stood at € 16 million for 2016. Peer to peer, or marketplace lending is on the rise in many countries including Europe’s largest single economy. As published in iBusiness using data… Read More

January 23, 2016 @ 2:14 pm By Samantha Hurst  |  

This week, online marketplace for commercial property loans, Proplend, asked an important question: Is it time to let go on buy to let? The website stated in its blog: “In our article on 26th November 2015, just after the Autumn Statement, we briefly summarised the… Read More

January 23, 2016 @ 11:28 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published a consultation paper to address the rules regarding client money requirements for “loan based crowdfunding platforms” including peer-to-peer & marketplace lending. According to the FCA, presently an investors money held in relation to peer to peer loans must… Read More

January 22, 2016 @ 3:12 pm By JD Alois  |  

RateSetter, a UK-based marketplace lending platform, has surpassed £1 billion in loans and is staking a claim in setting a record. According to the company, RateSetter accomplished this milestone in 1,933 days. “The company believes it is now the largest online retail money market in… Read More

January 22, 2016 @ 8:03 am By JD Alois  |  

TrustBuddy, a publicly traded peer to peer lending platform, filed for bankruptcy in October of 2015.  This event occurred soon after it was revealed that management had uncovered “suspected misconduct” regarding the operations of the firm. Once the announcement of financial irregularities hit, it was… Read More

January 20, 2016 @ 8:24 am By JD Alois  |  

Marketplace lending platform RateSetter has hired two former bankers in a move to boost their executive bench. Paul Marston has taken the position of Head of SME Lending and Angela Yotov as Head of Legal. Marston was previously employed by Secure Trust Bank, a challenger… Read More

January 19, 2016 @ 4:01 pm By JD Alois  |  

Looking Glass Investments (LGI), based in Milwaukee, has added new names to its advisory committee. The company reports the following new members will be aiding the firm;  Greg Davis, CEO, Hampton Aviation, Houston, TX  Scott Lawin, COO and Director, Moore Capital Management, New… Read More