Tagged: marketplace

January 18, 2016 @ 6:33 pm By JD Alois  |  

Towards the tail end of last summer, Harmoney founder and CEO Neil Roberts decided to depart his responsibilities from the board of the company he created. It appeared a bit odd at the time, but Harmoney was quick to assure that it was just a “personal decision”.  The executive… Read More

January 18, 2016 @ 6:00 am By Spencer Li  |  

The China Banking Regulatory Commission (“CBRC”) issued the highly anticipated draft rules for online lending on December 28, 2015. Ever since the State Council guidelines (“the Guidelines”) for the Chinese internet finance industry were issued in July, rumors about the timing of the online lending… Read More

January 16, 2016 @ 9:17 am By JD Alois  |  

Tuft & Needle is an interesting startup.  In part because it is not some sexy tech unicorn but a company that provides a more banal product – mattresses. We all sleep. We pretty much all need one.  Mattress sales are big business yet the industry largely… Read More

January 15, 2016 @ 6:34 pm By JD Alois  |  

Canadian credit union, Alterna Bank, has shaken the dust off its banking past and invested $15 million in Vancouver-based online lending platform Lendful. Lendful co-founder Alex Benjamin stated this single investment has boosted the reputation of the entire online lending industry in the country. “This deal… Read More

January 15, 2016 @ 10:03 am By JD Alois  |  

The Innovative Finance ISA is a huge opportunity for the peer to peer lending industry.  Yet the introduction of the new ISA also highlights an ongoing issue for P2P platforms: The profound need to inform and educate potential investors and advisors of their services. Sure… Read More

January 14, 2016 @ 5:41 pm By JD Alois  |  

In an interview with Canadian Business, Canadian Imperial Bank of Commerce (CIBC) CEO Victor Dodig touched upon looming competition with online lenders. Dodig is a relatively new CEO of the bank having taken the helm of CIBC in 2014. Dodig joined CIBC in 2005 but prior… Read More

January 14, 2016 @ 1:39 am By Midori Yoshimura  |  

Based in Jakarta, Indonesia, a new marketplace for peer-to-peer (P2P) lending officially launched today to give Indonesia’s small and medium enterprises (SMEs) greater access to funding by means of loans pooled from crowdfunding, according to a story in the JakartaGlobe. Modalku offers companies quick access to non-collateral loans with interest rates between… Read More

January 11, 2016 @ 12:17 pm By JD Alois  |  

Orchard has published its’ monthly industry report covering the marketplace lending sector for consumer unsecured loans. According to data provided by the company, total origination volume has consistently increased quarter-over-quarter during the past year. Some highlights included in the document; Borrower interest rates have been… Read More

January 11, 2016 @ 8:03 am By JD Alois  |  

Research conducted by peer to peer lender ThinCats indicates that one in four investors over 55 will consider leveraging the new Innovative Finance ISA that launches this coming April. This contrasts to 4.5% of investors in this age group that use P2P lending platforms as… Read More

January 11, 2016 @ 7:51 am By JD Alois  |  

Lending Works, a London-based peer to peer lending platform, states it tripled its business in 2015 and expects to double that number over the next 12 months. According to the 2 year old platform, in 2015 the company facilitated £20 million in loans and forecasts… Read More

January 10, 2016 @ 11:24 am By JD Alois  |  

In a subtle allusion to sci-fi favorite Star Trek, Freddie Mac has posed the question if marketplace lending is the “final frontier”. The December report from the quasi-public / private mortgage entity, states that in Sci-Fi dramas back in the day, “humankind accepted technological help… Read More

January 8, 2016 @ 11:39 am By JD Alois  |  

The national roll-out continues for Lending Club (NYSE: LC) as it adds Oregon and New Jersey to the list of states where investors may lend to borrowers. Lending Club must be approved by each state to allow investor participation.  As of today, Lending Club is open… Read More

January 7, 2016 @ 2:30 pm By Therese Torris  |  

Lendix, one of the 60 companies who joined the fray of crowdlending platforms in 2015 has quickly taken the leadership position by designing a marketplace that meets the needs of institutional investors. Marketplace lending to small and medium size enterprise (SMEs) is taking off in… Read More

January 7, 2016 @ 1:16 pm By JD Alois  |  

VPC Specialty Lending Investments PLC (LSE:VSL) states it continues to execute on its investment objectives and delivered NAV returns of 0.69% on the ordinary shares and 1.49% on the C shares for the month of November. Additionally, on 12 November 2015, the Company declared an… Read More

January 7, 2016 @ 8:23 am By JD Alois  |  

MarketInvoice, a peer to peer lender that provides cash flow finance, is pointing to data that indicates London SMEs are moving away from banks and towards online lenders. According to MarketInvoice, information from the British Bankers Association (BBA) shows new loans to London SMEs crumbled… Read More

January 6, 2016 @ 9:12 pm By JD Alois  |  

Kiwi crowdfunding platform PledgeMe is moving into debt. Inspired by some of the largest internet finance platforms in the world, PledgeMe has applied for a license from the Financial Markets Authority (FMA) to offer peer to peer lending. “P2P, or debt crowdfunding as it’s also… Read More

January 6, 2016 @ 11:33 am By JD Alois  |  

Yep. The Federal Reserve agrees. Small community banks have been crushed by excessive regulations. In the past, these localized financial institutions have been the foundation of economic growth for SMEs.  But misguided laws from  myopic politicians driven by the battle cry of “too big to… Read More

January 6, 2016 @ 9:00 am By Midori Yoshimura  |  

Nascent Objects, a modular marketplace for designing and buying cost-effective consumer electronics, announced today at the Consumer Electronics Show the debut of Droppler, an unobtrusive water monitor that uses one of the first audio water recognition technologies to track water consumption in real time, according… Read More

January 2, 2016 @ 10:46 am By JD Alois  |  

Milan based BorsadelCredito has received a € 1 million investment from the venture capital group P1o1.  BorsadelCredito is an online lender focused on providing access to capital for SMEs in Italy. The company was founded by Angelo Daniele Blancato, Alessandro Andreozzi and Ivan Pellegrini. Blanket has spent the last 20… Read More

December 31, 2015 @ 2:00 pm By Anthony Zeoli  |  

  With it being new years eve and all, what better time to reflect on all the advancements made this year and to look ahead to all those still to come in 2016 and beyond. If you follow this industry at all, you know that… Read More