Tagged: marketplace

May 20, 2015 @ 8:00 am By JD Alois  |  

Peer to peer lender China Rapid Finance has originated an astounding 1.1 million in loans to Chinese borrowers in just three months time – as of April 30th. The impressive number is indicative of the demand for capital in the largest P2P lending market in… Read More

May 20, 2015 @ 4:00 am By JD Alois  |  

Berlin based global bitcoin lending platform Bitbond has received a cash infusion to grow its lending platform. The angel round of € 600,000 now brings total capital raised for the site to €800,000. The new funding was led by Bitbond’s earlier seed investor Point Nine Capital, along with a… Read More

May 19, 2015 @ 12:17 pm By JD Alois  |  

VPC Speciality Lending Investments has issued a note stating they are ahead of their goal in deploying investor capital into online lending assets.  According to the Board of Directors, approximately 70% of net IPO funds have been invested in assets such as peer to peer… Read More

May 18, 2015 @ 8:33 am By Samantha Hurst  |  

Beepi, a peer-to-peer marketplace for buying and selling cars online, announced its expansion to Texas. The market launch provides residents with local inventory, vehicle inspectors and customer service resources to support its secure online car buying and selling platform in Austin and Dallas, and soon Houston… Read More

May 18, 2015 @ 6:31 am By JD Alois  |  

As the RateSetter peer to peer lending platform grows, so must the team that manages their dramatic growth. RateSetter, UK’s largest P2P lending platform (according to monthly volume) has announced two new hires: John Battersby will take the position of Head of Communications which also… Read More

May 17, 2015 @ 9:21 pm By JD Alois  |  

The German Crowdfunding Network has just published first quarter 2015 numbers for the crowdfunding market.  It is interesting to note that both debt based and equity based crowdfunding jumped significantly versus Q4 of 2014.  The association also tracks rewards based as well – this sector… Read More

May 15, 2015 @ 3:55 pm By JD Alois  |  

Just another sign that internet finance is hot, and probably too hot, in the largest peer to peer lending market in the world. According to a report, Shanghai Doulon Industry announced it would be changing its business name to P2P Financial Information Service.  An announcement… Read More

May 13, 2015 @ 9:45 am By JD Alois  |  

SoFi (or Social Finance) CEO and co-founder Mike Cagney was featured on CNBC’s Disruptor 50 list.  Cagney visited the the network’s studios to talk about his fast growing marketplace lending platform and shared some insight into the companies near future. SoFi started out as a… Read More

May 12, 2015 @ 5:51 pm By JD Alois  |  

With final regulations expected this coming June, details continue to trickle out regarding the approach the China Banking Regulatory Commission (CBRC) will take in cracking down in a rather chaotic peer to peer lending industry in China. China is presently the largest peer to peer… Read More

May 12, 2015 @ 4:45 pm By JD Alois  |  

Cloud Lending, an end to end cloud based lending & leasing solution, has added another feature to their financial software solution.  Cloud Lending has launched a Loan Application exchange that targets the peer to peer lending and other internet finance platforms. The new “CL Exchange”… Read More

May 12, 2015 @ 12:42 pm By JD Alois  |  

RateSetter claims the title of UK’s largest peer to peer lender by monthly volumes.  The platform has lent over £173 million in 2015 alone.  The direct lender is looking to boost those numbers by targeting institutional funds and they have hired Colin Hodges to lead… Read More

May 12, 2015 @ 11:44 am By JD Alois  |  

Orchard has just published a new analysis of consumer credit trends and repayment performance for the marketplace lending (P2P) industry. Orchard is a service provider that connects investors to direct lending assets so they have great access to data on the nascent industry. Orchard notes that… Read More

May 7, 2015 @ 9:04 am By JD Alois  |  

P2P Heroes is one of the most anticipated P2P, Peer-To-Peer online lending conferences of the year. Join us at this thought leadership event in London on July 13th. Purchase tickets here This historical gathering will bring together senior executives from all around Europe. Learn about… Read More

May 6, 2015 @ 9:30 pm By JD Alois  |  

  Orchard describes its beginning as a small circle of friends, driven by the same interests, with a desire to make a difference in the alternative lending space.  But what was once a bit of a hobby is now a pretty enormous and incredible business. I… Read More

May 6, 2015 @ 11:11 am By JD Alois  |  

Lending Club CEO and founder Renaud Laplanche is making the rounds to talk up first quarter financial results which were released yesterday after market close. The peer to peer lending platform beat results yesterday and raised guidance for the rest of the year. Laplanche, speaking… Read More

May 6, 2015 @ 10:05 am By JD Alois  |  

Zopa, the first peer to peer lender in the UK, has partnered up with another innovative firm UBER. The now (almost) ubiquitous ridesharing / cab replacement company is entering into a new service.  UBER and Zopa have created a new marketplace that will assist UBER drivers… Read More

May 6, 2015 @ 8:58 am By JD Alois  |  

Dealstruck, a peer to peer lending platform that will provide credit to small businesses for up to $500,000, has shared it has surpassed $50 million in lending. This milestone was achieved by originating over 500 loans. A spokesperson for Dealstruck stated; “In less than two… Read More

May 5, 2015 @ 5:10 pm By JD Alois  |  

Lending Club (NYSE: LC), the largest p2p lender in the US, has released its Q1 operating numbers and simultaneoulsy raised its outlook for the entire year. Loan originations jumped 107% versus year prior from $791.3 million to $1.635.1 million for Q1 2015. Operating revenue experienced… Read More

May 5, 2015 @ 2:55 pm By JD Alois  |  

China is the largest peer to peer lending market in the world originating over $40 billion in loans for 2014.  While estimates vary, there are over 1500 p2p lenders in the country today – a number that is expected to decline once the government releases… Read More

May 5, 2015 @ 12:56 pm By JD Alois  |  

Israel based eLoan has a new shareholder. Meitav Dash has acquired a 20% stake in the peer to peer lending company.  The young direct lender has loaned 8.3 million shekels (about $2.14  USD) since the platform launched a scant 18 months ago, according to a… Read More