Tagged: online lending

Peer to Peer Lender Zopa Increases Interest Rates Paid to Investors

Zopa, one of the largest peer to peer lenders in the UK, has announced an increase in interest rates paid to investors. Zopa currently offers two diversified investment tiers: Zopa Core and Zopa Plus. Returns have increased from 3.7% for Core and 4.5% for Plus… Read More

PeerIQ CEO Ram Ahluwalia: 2017 Saw a Resurgence of Growth in Online Lending

  There are several people in the online lending industry, inclusive of marketplace and balance sheet lending, that truly know just about everything going on in this evolving sector of finance. Ram Ahluwalia, CEO and co-founder of PeerIQ is one of these persons. His company… Read More

Worthy Peer Capital Moves forward with Reg A+ Offer to Bring a Liquid Peer-Debt Product to Market Providing 5% Money Market Alternative

Worthy Peer Capital, a subsidiary of Worthy Finance, has received regulatory approval to raise funding under Reg A+. The crowdfunding round will be used to bring a new liquid peer-debt product to the entire investing ecosystem. Everyone knows that rates on Money Market accounts suck. But… Read More

Goldman Sachs’ Online Lending Platform Marcus Has Originated Over $2 Billion in Loans, Deposits Rise to Over $ 5 Billion

Meeting a prediction from this past June set by Goldman Sachs CEO Lloyd Blankfein, online lending platform Marcus topped $2 billion in loan originations. Additionally, Marcus reported online deposits of over $5 billion. Deposits and consumer lending have now been combined under a single brand, thus,… Read More

Lending Marketplace Lendix Raises €200 Million Institutional Financing to Trailblaze European Alternative SME Finance

Lendix’s historical investors are renewing their trust in the Paris-based European SME marketplace lender. The European Investment Bank Group (EIB), CNP Assurances, Eiffel IM, Groupama, Zencap AM, Matmut and Decaux Frères Investissements are among the first investors joining to finance Lendix’s latest investment vehicle to… Read More

Online Lender Robo.Cash Shares Insight into Investor Activity

Peer to peer lender Robo.cash has shared a “financial portrait of a Robo.cash investor.” Their study reflects the behavior of investors on the European P2P platform, including the actual volume of investment, the quantity and size of deposits and withdrawals of funds from the platform, is… Read More

Online Lender Lendix Shares What to Expect in 2018

Lendix, one of the premier peer to peer lending platforms in continental Europe, published a letter last week sharing what to expect in 2018 and reflecting on the past year. Their third Open Letter first tackled promises from the year prior. According to their recollection, Lendix… Read More

Focusing on Growth in 2018, Online Lender Lendix Adds Three New Executives to Management Team

Leading online lender Lendix is out with a note saying they have hired three new recruits to support its 2018 growth targets. The peer to peer lender currently operates in France, Spain and Italy, but will open up in two additional countries soon. To help… Read More

China: WeiyangX Fintech Review

Renren Calls an End to its ICO Project It was reported that Renren has closed its RRCoin ICO project after a talk with China’s regulatory authorities. Among the 1 billion RRCoins that were planned to issue, 40% would have beeen allocated to private equity, 25%… Read More

Lending Works Celebrates Fourth Birthday

On Thursday, UK-based peer-to-peer lender Lending Works celebrated its fourth birthday. Founded in January 2014, Lending Works describes itself as a peer-to-peer lending platform that matches people looking for a better return on their money with sensible borrowers looking for a low-cost, flexible personal loan…. Read More

ThinCats Says 2018 is Poised for Growth in SME Lending

ThinCats says 2018 is poised for growth. The online lender reports that December was a record month booking £12 million of funding listed on the platform followed the biggest-ever ThinCats-listed loan of £6.7 million to the Chelsea Yacht & Boat Company at the end of September…. Read More

SoFi’s Entrepreneur Program Welcomes 2018 Class

On Monday, online lending platform SoFi announced its 2018 class of SoFi Entrepreneurs. The lender revealed that the ten companies selected for the program stood out amongst the hundreds of applications it received by representing a “diverse set” of industries, backgrounds, and issues they’re trying… Read More

Looking at 2018: A Discussion with Ron Suber

  Ron Suber is one of the best known names in the marketplace lending world and a staunch champion of the future of online lending. For many years, Suber was President of Prosper – a leading platform that targets the consumer lending sector – mainly… Read More

Online Lender LendInvest Lent £500 Million to Finance c.1800 UK Homes in 2017

Online lending platform LendInvest announced on Thursday it lent £500 million to help professional property investors, developers and landlords buy, build or renovate c.1800 homes in 2017. The online lender revealed that this marks a 33% increase on 2016’s £375 million lending record. LendInvest has now lent… Read More

Money360 Milestone: Surpasses $500 Million in Commercial Real Estate Loans Closed; M360 Advisors Hits $300 Million in Assets

Real estate marketplace lender Money360 announced on Wednesday it has surpassed $500 million in commercial real estate loans closed since inception, which includes $357 million in loans closed for 2017. According to Money360, the milestone comes on the heels of other recent successes, including the initiation of… Read More

Folk2Folk Announces New CEO as Giles Cross Takes Over Leadership Role P2P Lending Platform

Folk2Folk, a unique peer to peer lending platform that combines physical locations with an online platform matching investors with small business loans, has announced the appointment of Giles Cross  Chief Executive Officer (CEO). Cross takes over the position from Jane Dumeresque who announced her resignation… Read More

Proplend Looks Back on 2017 P2P Successes & Announces 2018 Plans

On Tuesday, online platform Proplend gave its 2017 peer-to-peer lending year in review. The lender listed the various accomplishments that the lending industry experienced in the past twelve months. The accomplishments are the following: The majority of platforms gained full Financial Conduct Authority (FCA) authorization Many… Read More

UK’s Largest P2P Lender Funding Circle Said to be Planning IPO at £2 Billion Valuation

Funding Circle, a UK based peer to peer lender, is reportedly planning an initial public offering (IPO) for 2018. The news of the new listing is courtesy of SkyNews that reports Funding Circle will begin meeting with investment banks during Q1 of 2018 as they… Read More

OnDeck Announces New BlackRock-Managed Fund

Online lending platform for small businesses OnDeck (NYSE: ONDK), the leader in online lending for small business, announced today that a fund managed by an investment advisor subsidiary of BlackRock has joined OnDeck’s platform of financing partners as another committed source of capital to fund… Read More

Mitty Group Secures Nearly £2 Million in Funding From Assetz Capital to Develop Two New Residential & Leisure Sites in Merseyside

Earlier this month, Liverpool-based property developer Mitty Group secured £1,982,000 worth of funding from UK-based peer-to-peer lender Assetz Capital to develop two new residential and leisure sites in Merseyside. Established in 2013, Mitty Group is one of Liverpool’s fastest growing property development and investment companies. It specializes… Read More