Tagged: marketplace

March 10, 2015 @ 9:13 am By JD Alois  |  

Leading peer to peer lending platform RateSetter, has hired Simon Pearse as head of compliance.  Described as an “industry heavyweight”, Pearse previously spent 8 years as a senior manager at the FSA/ FCA and also led the development of the regulatory risk framework at OneSavings… Read More

March 10, 2015 @ 9:00 am By JD Alois  |  

Madiston LendLoanInvest is launching a new Secondary Market for P2P loans. The UK based firm is said to give lenders the opportunity to cash in their loan parts early if they need to, giving lenders liquidty when necessary.  The firm said it is adding new… Read More

March 9, 2015 @ 10:08 pm By JD Alois  |  

The former Vice Chairman of PIMCO, Chris Burnham, has signed up to join the Advisory Board of peer to peer lender LendEx.  The Australian based direct lender offers loans to individuals and small business at “rates lower than those offered by the banks”. PIMCO is… Read More

March 9, 2015 @ 8:52 am By JD Alois  |  

Zopa, worlds first peer to peer lender, is celebrating its birthday today.  Ten years ago the innovative company was founded “in a barn in Buckinghamshire”.  While the direct lending industry now has many companies participating around the world much credit should be given to Zopa as… Read More

March 8, 2015 @ 9:04 pm By JD Alois  |  

Peer to peer lender SoFi (or Social Finance) may receive a $3.5 billion market valuation later this year in an initial public offering (IPO).  SoFi is a direct lender that got its start in the student loan refinancing sector but has since expanded its credit… Read More

March 6, 2015 @ 11:09 am By JD Alois  |  

Lendico, a peer to peer lender that has not let national barriers get in the way of expansion, has announced that two German banks, along with “international hedge funds” will invest hundreds of millions of dollars in loans from Lendico.  The names of the funding… Read More

March 4, 2015 @ 8:00 am By JD Alois  |  

Online direct lender Dealstruck,  has announced the launch of its newest financing product, the Inventory Line of Credit (ILC). Designed to meet the needs of growing, profitable businesses with recurring needs to purchase inventory – wholesalers, distributors, retailers, resellers and more – Dealstruck’s ILC targets a… Read More

March 3, 2015 @ 10:11 am By JD Alois  |  

RetailCapital has announced the appointment of Tina Chan Reich as the new Chief Data Scientist and Risk Officer. RetailCapital is a new direct lending platform that utilizes data science and analytics to improve the lending process. According to the company, Reich’s responsibilities will include developing and… Read More

March 3, 2015 @ 9:00 am By JD Alois  |  

Peer-to-peer lender StreetShares has announced that General George Casey will be joining the direct lender on its Board of Advisors. Casey’s appointment expands the Board to three members, alongside Fenway Summer, LLC’s Managing Partner, Raj Date, formerly of the CFPB, and SoFi Co-Founder, Pete Hartigan. General… Read More

March 2, 2015 @ 1:17 pm By JD Alois  |  

Landbay, a peer to peer lender that focuses on buy-to-let mortgages, with all loans asecured against tenanted, existing UK residential property, has announced a “new standard of openness”.  Landbay will now share publicly a range of data associated with its direct lending platform. The information will… Read More

February 26, 2015 @ 10:02 pm By JD Alois  |  

LendIt USA is the world’s largest annual gathering of the online lending community. This year we will host the largest exhibition ever assembled in our industry with every major platform from around the world. LendIt USA is the must attend annual industry event. Last year’s… Read More

February 26, 2015 @ 3:42 pm By JD Alois  |  

Prosper Marketplace, a leading peer to peer or marketplace lender, has signed an exclusive agreement with Western Independent Bankers (WIB) representing a new outlet for loans via their 1260 plus member banks. These community banks represent a significant extension of Prosper into the 13 western… Read More

February 26, 2015 @ 12:02 pm By JD Alois  |  

Peer to peer lending investor Victory Park Capital has filed a prospectus to list shares on the main exchange of the London Stock Exchange (LSE). Victory Park has been aggressively investing in P2P assets having recently committed a solid $420 million to Funding Circle in… Read More

February 26, 2015 @ 9:15 am By JD Alois  |  

The Bank of England has released its most recent data on the Funding for Lending program, an initiative that is supposed to compel banks to lend to business.  According to the BOE figures, lending is in decline; “Net lending by FLS Extension participants to all… Read More

February 26, 2015 @ 7:25 am By JD Alois  |  

Landbay has appointed Robert Burgess to its Board of Directors. He will join co-founders John Goodall and Gray Stern as well as Chairman Tony Ward. Burgess brings over 20 years experience in retail finance having previously held positions at Alliance  Trust, Lloyds TSB, Scottish Widows… Read More

February 25, 2015 @ 4:06 pm By JD Alois  |  

This one falls under the category of recently discovered.  The second largest peer to peer lending platform in the United States Prosper had a pretty spectacular year according to their published info. Boosted in part from growing institutional demand, Prosper experienced some pretty spectacular growth… Read More

February 25, 2015 @ 9:26 am By JD Alois  |  

On Deck Capital, Inc. (NYSE: ONDK), reported earnings this week alongside P2P industry leader Lending Club.  This is the first quarterly releases for OnDeck since the platform listed shares on the NYSE this past December. On Deck is a peer to peer lending platform that focuses… Read More

February 24, 2015 @ 8:18 am By JD Alois  |  

Peer to peer lender Assetz Capital recently listed a a convertible offer on investment crowdfunding platform Seedrs. The financial firm was seeking a crowdfunding round of £2 million and as of today the round is fully funded and appears to be in over-funding.  The P2P… Read More

February 23, 2015 @ 1:12 pm By JD Alois  |  

LendInvest, a peer to peer or “marketplace” lender that focuses on the commercial and residential mortgage industry, has lowered its investor minimum to a nominal £1000.00.  This is in stark contrast to the £50,000 minimum that was established when the platform launched in 2013.  The… Read More

February 23, 2015 @ 9:49 am By JD Alois  |  

Global financial rating agency Fitch has shared its $0.02 on the recently announced partnership of 200 community banks with Lending Club noting the agreement may introduce new risk to the small banks.  Fitch qualifies this statement by adding there may also be an opportunity present… Read More