Tagged: marketplace

September 28, 2015 @ 7:32 am By JD Alois  |  

NSR Invest, a platform that brings institutional type tools to investors in peer to peer loans, has partnered up with MonJa to add more sophisticated analytics for NSR Invest users. San Francisco-based MonJa specializes in loan strategy and portfolio analytics driven by a team of… Read More

September 26, 2015 @ 1:20 pm By JD Alois  |  

Back in April of this year, Jimubox, a young peer to peer lending platform based in Beijing, closed a funding round of $84 million.  Jimubox, founded only in August of 2013, has quickly risen to become one of the leading direct lending platforms in the… Read More

September 23, 2015 @ 8:05 am By JD Alois  |  

RateSetter has turned a profit for the second year in a row. The peer to peer lending platform states it is the “only major player in the sector to be profitable”.  According to the company, 2014-2015 results show a profit of £618,000.  Revenues more than… Read More

September 21, 2015 @ 11:41 pm By JD Alois  |  

Harmoney, the first peer to peer lending platform in New Zealand, is welcoming some new competition. Recently the Financial Markets Authority authorized two new platforms; LendMe and Squirrel Money.  According to a report in the Stuff.co.nz, both platforms expect to launch before the end of… Read More

September 17, 2015 @ 2:03 pm By Samantha Hurst  |  

Avant, a fast-growing marketplace lending platform, announced on Thursday that it is expanding to Canada, the company’s newest international market. Headquartered in Chicago, Avant has empowered more than 300,000 consumers in the United States and United Kingdom. The recent launch of AvantCredit in Canada will bring… Read More

September 17, 2015 @ 11:52 am By JD Alois  |  

Landbay, a peer to peer lender in the mortgage sector, has voluntarily taken the Bank of England stress test, provided by MIAC Acadametrics, and the results are said to be quite  positive. Landbay states it is the first direct lending platform to go through the… Read More

September 17, 2015 @ 11:10 am By Samantha Hurst  |  

Fundera, the online credit marketplace for small businesses, today announced an $11.5 million Series B funding round led by Susquehanna Growth Equity with participation from previous investors including QED Investors, Khosla Ventures and First Round Capital, bringing the company’s total funding to date to $15… Read More

September 17, 2015 @ 10:46 am By JD Alois  |  

Investing in marketplace lending assets (P2P lending) is super hot right now. The solid risk-adjusted returns provide an excellent opportunity for small investors to generate income. This is even more interesting in the historically low-interest rate environment of today.  The advent of institutional money cascading into… Read More

September 17, 2015 @ 7:36 am By JD Alois  |  

Prestamos Prima, a Spanish finance group, has announced a new platform, Viventor, which will launch soon.  Viventor will be providing peer to peer loans secured by mortgages.  According to the website, no loan will be higher than 50% LTV. Andris Rozenbahs, CEO of the Prestamos… Read More

September 16, 2015 @ 9:09 am By JD Alois  |  

Michael Treskow, of Accel Partners, was interviewed this week on the “Rise of Crowdfunding” where he got a chance to defend his point of view as his firm invests in new finance. Accel has placed bets on Prosper, Funding Circle and others associated with the… Read More

September 15, 2015 @ 9:51 am By JD Alois  |  

Country by country all aspects of finance are moving online.  Žltý melón is the first peer to peer lending platform to set up shop in Slovakia and has set it sights on expansion around the region. Originally reported in P2P Banking, Žltý melón has closed on… Read More

September 11, 2015 @ 2:10 pm By JD Alois  |  

Marketplace lender Funding Circle has added a new partner to its growing roster of collaboraters. H&R Block, the accounting service provider, will now provide a new service for business loans of up to $500,000 via Funding Circle’s platform. The new agreement is described as bolstering… Read More

September 10, 2015 @ 7:00 am By JD Alois  |  

Orchard platform, the company that has become the internet pipes to funnel institutional funds into marketplace lending platforms, has raised more money. This time Orchard has received $30 million in a Series B Funding round led by some big names in finance. Already recognized as… Read More

September 9, 2015 @ 11:21 am By JD Alois  |  

Peer to peer lending comparison site 4thWay has shared a data points of the “big 3” direct lenders in the UK.  4thWay notes the platforms are “aligned” as one would expect. All three continue to have “satisfactory to excellent bad debt rates”.  How much you… Read More

September 8, 2015 @ 12:40 pm By JD Alois  |  

Victory Park Capital (VCP) has announced a new issuance of common shares to raise another £200 million for VPC Specialty Lending Investments (VSL). The offer price is expected to be £1.00 per C share. The shares presently trade on the LSE. According to the firm,… Read More

September 7, 2015 @ 10:55 am By JD Alois  |  

Peer to peer lending platform Bondora announced late last month its forthcoming API.  Last week, the Estonia based direct lender released its Beta version of the API allowing individuals to access data directly. The Bondora API is a sandboxed, test environment that emulates the forthcoming… Read More

September 6, 2015 @ 9:43 pm By JD Alois  |  

Marketplace lending sites have quickly capitalized on one segment of personal debt: Credit Cards.  Yes, just about everyone holds and uses credit cards for day to day purchases.  If you are savvy, you pay them off at the end of each month. But at times… Read More

September 4, 2015 @ 3:54 pm By Samantha Hurst  |  

Seeking to become UK’s leading artisan and fine foods curator, London startup BoroughBox has launched an equity crowdfunding on Seedrs to raise £120,000 for its delivery service expansion. Launched in the summer of 2014  and created by a Borough Market trader, BoroughBox is a specialist artisan and… Read More

September 3, 2015 @ 4:00 pm By Midori Yoshimura  |  

  With the publication of the Small Business Borrowers’ Bill of Rights, one of the first consensuses on responsible small business lending practices, earlier this month, marketplace lending platforms including Funding Circle, Lending Club and Fundera showed their support for greater transparency for borrowers and accountability for platforms and… Read More

September 3, 2015 @ 8:32 am By JD Alois  |  

Clyde & Co, an international law firm operating mainly in the MENA region, states it has advised Beehive on its Sharia certification.  Beehive announced the receipt of its certification earlier this week. The peer to peer lending platform received approval by the Shariyah Review Bureau (SRB). The certification… Read More