Tagged: marketplace

October 21, 2015 @ 6:36 pm By Midori Yoshimura  |  

  Former Googlers Dave Girouard and Anna Mongyat joined with Paul Gu (a Thiel Fellow) to launch Upstart in 2012.  Originally envisioned as a more altruistic lending platform that invested in the person and not the loan – somewhat similar to Pave –  the platform… Read More

October 21, 2015 @ 1:27 pm By Samantha Hurst  |  

Fellow Finance announced this week that it is now open for investors with a bank account within European Union (EU) or Single Euro Payments Area (SEPA). Fellow Finance is an online marketplace for high-performing unsecured consumer loans. For investors Fellow Finance offers a possibility to… Read More

October 21, 2015 @ 12:54 pm By Samantha Hurst  |  

Bondora, a pan-European marketplace lender, opens to accredited investors from the United States, Canada, Mexico, Brazil, South Africa, India, Hong Kong, Singapore, Japan and Australia. The platform now allows global accredited investors to invest directly into personal unsecured loans across three European markets including Spain,… Read More

October 21, 2015 @ 11:53 am By Samantha Hurst  |  

LoanBook Capital announces the completion of a €1.1 million equity investment round, bringing the company’s total equity funding since its launch in 2013 to €2.7 million. European fintech investor Gustav Andersson leads the round, alongside new and existing investors, in what represents the largest equity… Read More

October 21, 2015 @ 11:16 am By Samantha Hurst  |  

This week, Platform Black announced it has funded over £100 million in invoices for UK SMEs. The provider of alternative finance has reached this milestone in just three years since the company’s inception, an achievement which highlights the soaring demand from UK businesses for access to… Read More

October 21, 2015 @ 9:24 am By JD Alois  |  

Zopa, the UK’s largest peer to peer lender, has announced the appointment of Nigel Morris as non-executive Board Member. Morris, currently the Managing Partner at QED Investors, is the co-founder of Capital One. QED has invested in well known Fintech companies, including, Credit Karma, Avant Credit,… Read More

October 20, 2015 @ 8:30 am By Georgia Quinn  |  

Thirty-two years after starting her career in London, Nicola Horlick is still often the only woman in the room. Although she notes that is not a lot of progress, it has never fazed her. Nicola, once called London’s Superwoman, attributes her can-do attitude to a… Read More

October 19, 2015 @ 1:49 pm By JD Alois  |  

New peer to peer lending platform Viventor is now open for business. The online lender announced last month its intent to start offering loans secured by mortgages.  To incentivize investors Viventor states that “all investments made until December 1st, 2015 will come with a buyback… Read More

October 19, 2015 @ 7:05 am By JD Alois  |  

Madiston LendLoanInvest is entering the Lithuanian market having partnered with Finbee on a joint venture to offer peer to peer lending services.  Madison has provided Finbee with its lending software and has become a shareholder in the company. This is the second P2P lender to… Read More

October 19, 2015 @ 6:45 am By JD Alois  |  

TrustBuddy jolted the peer to peer lending world as “suspected misconduct” compelled the platform to shut down operations last week.  Now the firm has publicly stated it can no longer operate in any form, forcing the company to file for bankruptcy as the situation is… Read More

October 17, 2015 @ 11:00 am By Midori Yoshimura  |  

Abundance – an ethical P2P investment platform – today launches the UK’s first peer-to-peer investment SIPP, the Abundance Pension, to address current concerns stopping more people from saving adequately towards their retirement, according to the company’s press release. Independent research conducted for Abundance by OnePoll has revealed… Read More

October 16, 2015 @ 9:54 am By JD Alois  |  

Fintech is super-hot these days.  Finance is having its newspaper moment where all aspects of the industry are moving online.  The disruptive shift is global too as change is taking place in the Americas, Asia and across Europe. The UK is in many ways the… Read More

October 15, 2015 @ 8:35 am By JD Alois  |  

LendingPoint has announced the signing of a $100 million credit facility provided by funds managed by the Tradable Credit and Direct Lending Groups of Ares Management.  Ares Management is a publicly traded, global alternative asset manager with approximately $88 billion of assets under management as… Read More

October 14, 2015 @ 9:21 am By JD Alois  |  

Scandalous news hit the peer to peer lending world this week as TrustBuddy revealed allegations of serious misconduct.  The malfeasance was deemed so severe that Swedish authorities immediately shut down the direct lending operation and Swedish Police were contacted to investigate if criminal activity has… Read More

October 13, 2015 @ 10:35 am By Samantha Hurst  |  

Last week, peer-to-peer (P2P) platform StreetShares announced that it has formed an exclusive partnership with online marketplace, FedBid. The goal of the partnership is to provide America’s small businesses with the education, resources, and funding needed to compete for and win supplier contracts from federal… Read More

October 13, 2015 @ 8:51 am By JD Alois  |  

Peer to peer lending platform Landbay has announced a site redesign and rebranding of its services that target the buy-to-let mortgage sector. Landbay hired creative agency Minimart to reposition the firm. Landbay explained that as the P2P sector continues to build public awareness, Landbay views… Read More

October 12, 2015 @ 11:19 pm By JD Alois  |  

The Financial Market Authority in New Zealand is increasing the amount of competition in the online lending space. The FMA has now approved the application of Lending Crowd – the 4th P2P lender to join the arena alongside other established lending platforms. Lending Crowd will… Read More

October 12, 2015 @ 10:04 am By JD Alois  |  

  Lending Loop, a new peer to peer lending platform, has launched in Canada to allow ordinary Canadians the ability to invest in small businesses across the country. The site actually went live this past June. The creation of co-founders Cato Pastoll and Brandon Vlaar,… Read More

October 12, 2015 @ 7:35 am By JD Alois  |  

LendInvest, a UK-based peer to peer lending platform that targets the mortgage market, has reported a profit of £3.1 million on revenue of £15 million for the year ending March 2015.  LendInvest reported a profit in 2014 of £1.2 million on revenue of £5 million…. Read More

October 9, 2015 @ 12:30 pm By JD Alois  |  

Blue Elephant Capital Management, a firm founded in 2013 to leverage emerging opportunities in the marketplace lending sector of finance, has committed $25 million to Boat Finance, a specialty lender in the marine lending space. Blue Elephant described their commitment as a “turning point” in… Read More