Tagged: p2p lender

Fintech Lenders in Indonesia to Support Government with Disbursing Loans to SMEs as Part of COVID Relief Effort

Asosiasi Fintech Pendanaan Bersama Indonesia (AFPI), which is an association of 156 Fintech lenders, is reportedly planning to work cooperatively with the Indonesian government to distribute funds that are meant to offset the economic problems and challenges created due to COVID-19. As of September 2020,… Read More

UK P2P Lender JustUs Begins Taking Applications for Small Business Interruption Loan Service or SBILS

JustUs, a UK-based peer to peer (P2P) lender, has reportedly started taking applications for the Small Business Interruption Loan Service (SBILS) in order to offer funding for companies that might not have been able to acquire financial assistance via the Coronavirus Business Interruption Loan Scheme… Read More

P2P Lender MarketFinance Reveals that Many Small Businesses in the UK Could Run Out of Cash Soon

MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, has cautioned that many UK-based SMEs could soon run out of cash. This, as the government-backed funding schemes are scheduled to end soon. The Coronavirus Business Interruption Loan Scheme (CBILS) will end on September… Read More

Authorities Order Latvian P2P Lender Grupeer to Stop Issuing Statements About Its Business, After it Paused Activity in April due to COVID

Latvia-based peer to peer (P2P) lender Grupeer noted on August 31, 2020, that it had provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team had confirmed that, as its clients already know, since April… Read More

UK’s P2P Lender Folk2Folk Remains Confident it will Be Approved to Issue Loans Under CBILS Scheme

UK-based Folk2Folk, a peer to peer lender supporting local and rural businesses, has confirmed that it’s still confident that it will be approved to begin lending under the country’s Coronavirus Business Interruption Loan Scheme (CBILS), even though the application deadline will come at the end… Read More

Consumer Lender Plenti, which Rebranded from RateSetter Australia, Reportedly Planning to Raise AUD 55 Million via IPO

Plenti, a consumer lending platform (previously known as RateSetter Australia), has announced that it will carry out an initial public offering (IPO), in order to secure AUD 55 million in capital. Plenti’s management noted that they’ll offer 33.1 million shares at the rate of $1.66… Read More

Indonesia’s Fintech Lenders Association Offers to Assist with Disbursing Funds Allocated to COVID-19 related National Economic Recovery Program

Indonesia’s Fintech Lenders Association (AFPI) has reportedly offered to help with disbursing funds that have been allocated to the country’s national economic recovery program (PEN). As first reported by the Jakarta Post, the Indonesian government has been struggling to obtain the data required to provide… Read More

UK based P2P Lender RateSetter Wins Award for “Best Loan Provider,” After it Struggled to Maintain Operations and was Acquired by Metro Bank

RateSetter, a leading UK based peer to peer (P2P) lender that was recently acquired by Metro Bank, has confirmed that it won the award for “Best Loan Provider” for loans of £2,500 or more at the Consumer Credit Awards for 2020. The Consumer Credit Awards… Read More

Latvia’s P2P Lender Grupeer Provides Update Regarding Current Repayment Status and Debt Collection Processes

Latvia-based peer to peer (P2P) lender Grupeer has provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team noted that, as its clients already know, since April 2020, the lender had suspended its “economic activity.”… Read More

UK’s Crowd2Fund, an FCA Regulated P2P Lender, to Relaunch Platform with New Credit Model and Website, after Suspending New Loans Due to COVID-19

Crowd2Fund, an FCA-regulated crowdfunding platform for individual investors and businesses that claims to be the only peer-to-peer platform to offer 5 types of finance, across debt and equity investments, recently revealed that it will be relaunching its platform with a new type of credit model… Read More

London’s Propio, which Offers “Simple, Affordable, Tax Efficient Ways” to Invest in Property, to Launch P2P Lending Platform

  London-based Propio, a platform that aims to serve as the home of The Property ISA by providing a “simple, affordable, and tax-efficient way” to invest in property, reveals that it has secured £278,000 in capital from its funding round and the UK government’s Future… Read More

Complaints Regarding P2P Lending Platforms in the UK Declined during Q1 2020, According to Financial Ombudsman Service

Peer to peer (P2P) lending platforms in the UK received significantly fewer complaints during Q1 2020, according to the Financial Ombudsman. As explained on its official website, the Financial Ombudsman Service (FSO) is “a free and easy to use service that [aims to] settle complaints… Read More

Yann Murciano, CEO at Online P2P Lender Blend Network, Says “We are Witnessing the Democratization of Property Investing”

We recently caught up with Yann Murciano, CEO at Blend Network, an online peer to peer (P2P) property lending platform. Murciano discussed how he believes P2P lending has democratized investing for millions of investors. Blend Network connects lenders directly with borrowers. Lenders are able to… Read More

P2P Lender Folk2Folk Recommends Diversifying Business Strategy and Products so UK Firms Can Survive COVID-19 related Challenges

Folk2Folk, a peer to peer lender supporting local and rural businesses, says that service providers in the UK should consider diversifying or branching out into new areas in order to survive during the COVID-19 pandemic. Folk2Folk notes that companies have been negatively affected because many… Read More

Assetz Capital CEO Claims the UK’s Residential Property Sector will be the Primary Beneficiary from COVID-19’s Impact on Retail Industry

Stuart Law, CEO at Assetz Capital, a peer to peer lender providing secured loans to businesses, argues that residential property in the UK will be the primary beneficiary from COVID-19’s negative impact on the nation’s retail industry. As reported by Peer2Peer Finance, there’s an improvement… Read More

European P2P Lender Mintos has Updated its Auto-Invest Product to Give More Choices to Platform Investors

Mintos, a European peer to peer (P2P) consumer lender, has reportedly made changes to its auto-invest product, in order to give investors more choices when it comes to the level of risk they’d like to take. Mintos allows investors to back loans from originators via… Read More

$115 Billion in Losses Reported due to Scams Involving China’s P2P Lending Platforms

Peer to peer (P2P) investors based in China are reportedly facing losses of over 800 billion yuan (appr. $115 billion) in unpaid debt, due to failed lending platforms, according to the head of the nation’s banking industry regulator. Guo Shuqing, chairman of the Chinese Banking… Read More

UK SME Lender Funding Circle Is Reevaluating whether to Leverage Open Banking to Improve Customer Experience

Funding Circle lobby

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, says it’s reevaluating whether it should begin leveraging Open Banking technology. The company claims that it has managed to improve its customer experience, and would now like… Read More

Leeds based P2P Lender, Rebuildingsociety, to Use Virtual Finance Director to Help Borrowers Receive Reports on their Accounts

Leeds-based Rebuildingsociety, a peer to peer (P2P) lending platform that’s focused on financing options for SMBs, has teamed up with Virtual Finance Director (VFD) so that Rebuildingsociety’s borrowers are able to get updated reports on their accounts. The P2P lender’s borrowers will also receive future… Read More

European P2P Consumer Lender, Mintos, Financed Record €2.8 Billion in Loans in 2019, Generates Nearly €1 Million in Net Loss

Mintos, a global loan marketplace, has reported had a record year for new investors and platform lending.  Mintos has operations across Europe as well as Africa, Asia and the Americas. The peer to peer (P2P) lender revealed that it financed €2.8 billion in loans via… Read More

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