Tagged: p2p lender

Nearly €400M Invested via European P2P Lending Platform Bondora, with Almost €50M in Returns Paid to Investors in Past 12 Years: Report

Bondora, a European peer to peer (P2P) lending platform, acknowledges that 2020 was a “rollercoaster ride,” but they’re pleased to confirm that they ended the year off “on a high.” Bondora recently revealed that its December 2o20 investments reached €7,043,525.00— which was reportedly the 4th… Read More

Malaysia based P2P Financing Platform microLEAP Acquires $800,000 in Capital to Expand Business Operations

Malaysia-based microLEAP, a platform that provides conventional and Islamic or Shariah-compliant peer-to-peer (P2P) financing options, has acquired RM 3.25 million (appr. $800,000) in capital. The platform’s investment round consists of RM 1.25 million in equity and a RM 2 million advance. The funds raised will… Read More

P2P Lending Platform Blend Network Investor Says Housing or Real Estate is Really Important to UK Economy and for Financial Well-Being

The team at Blend Network, an online peer to peer (P2P) property lending platform, recently shared comments and feedback from one of their lenders. UK-based Blend Network notes that a platform lender (investor) “Maria,” has spent most of her career working in management roles and… Read More

Linked Finance Becomes Ireland’s First Non-Bank Lender to be Added to Country’s COVID Credit Guarantee Scheme

Linked Finance, an Ireland-based peer to peer lender, has reportedly been added to the country’s COVID-19 credit guarantee scheme. Notably, the P2P platform is the country’s first non-bank lender to be included. Linked Finance, which is one of Ireland’s largest P2P lending platforms, is now… Read More

European P2P Lender Bondora Reveals that 52,000 New Investors Joined Platform, Records 3rd Year of Profitability

Peer to peer lending platform Bondora has shared its top highlights for this year. The P2P lender notes that 2020 has turned out “quite differently than many of us expected.” While we all faced many different challenges due to COVID-19, Bondora says it has had… Read More

P2P Property Lending Platform Blend Network Reports Strong Q4 2020, Says COVID Vaccine Announcement led to Stock Market Rally

The team at Blend Network, an online peer to peer (P2P) property lending platform, notes in its latest monthly market pulse report that one of the very few, seemingly positive headlines of this year is Britain becoming the first country to license a “fully tested”… Read More

Marketplace Lender Prosper has Provided $18 Billion in Loans, Platform Issued 2,258 Loans this Past Week

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared their performance data from the Prosper Portfolio for November 2020. Last month, around 84% of originations were “rated AA-B compared to 86% in the… Read More

UK based P2P Lender Proplend Claims it Almost Reached Profitability in 2020 Despite COVID-19

Brian Bartaby, CEO at Proplend, a UK-based peer to peer (P2P) lender, has stated that he’s “cautiously optimistic” about how the platform will perform in 2021 after almost managing to reach profitability this year despite COVID-19 related challenges. Bartaby added that Proplend, which mainly focuses… Read More

Robocash Reports that 40% of Investors Allocated Over €20,000 on P2P Platforms, According to a New Survey

Robo.cash, a peer to peer (P2P) lending marketplace, has revealed that 40% of investors have “allocated over €20,000 on P2P platforms.” As mentioned in an update shared with CI, a recent survey carried out by the European P2P platform Robo.cash found that 2 out of… Read More

P2P Lending Platform Bondora Reports that Returns Were Higher Across the Board in November Compared to October 2020

Peer to peer lending platform Bondora notes in an update post on December 17, 2020 that the normal trend for portfolio returns is to decline over a period of time as more origination payments are missed slightly. But in November 2020, Bondora portfolio returns were… Read More

Malaysian P2P Supply Chain Financing Platform, CapBay, Reports Providing Nearly $25M in Financing Since March 2020

Malaysia-based CapBay, a peer to peer (P2P) supply chain financing platform, has reportedly arranged RM 100 million (appr. $24.68 million) in funding across 500 investment notes via its platform since it began operations in March of this year. This milestone is part of CapBay Group’s… Read More

P2P Lending Platform Bondora Re-introduces Loan Originations in Finland after Suspending them Earlier following COVID Outbreak

Peer to peer lending platform Bondora notes that getting rich or financially secure might be a goal for everyone, but asks whether your bank account savings can help you achieve your financial goals. Bondora, which claims that over 143,000 individuals have invested more than €391M… Read More

There are Now 123 Fintech Startups in Vietnam and Over 4.2 Million Digital Wallet Users: Report

Vietnam’s Fintech startup ecosystem has grown significantly between 2017 and 2020, according to a new report. There were 44 Fintech-related startups in the country in 2017 and now there are at least 123 financial technology firms, Fintech News Singapore confirmed. The number of Fintechs operating… Read More

Germany’s CrossLend, a Digital Debt Marketplace, to Offer its Data Analytics Tool Free of Cost

Germany-based CrossLend, a platform that provides a digital debt marketplace with a goal to make the global lending and investment ecosystem more efficient, transparent and profitable, is reportedly offering its Europe-based lenders access to its data analytics software free of cost. CrossLend said the tools… Read More

Deloitte’s Fastest-Growing UK Tech Firms List Includes CrowdProperty, Landbay, Lendable, Lending Crowd, Lending Works, Revolut

Four peer to peer lending platforms were recently ranked among the United Kingdom’s fastest-growing tech firms. Big Four auditing company Deloitte’s UK Fast 50 list ranks tech companies based on their overall revenue growth over the last 4 years. As stated on the accounting firm’s… Read More

Robocash Claims P2P Lending Market Is an Attractive Investment Diversification Option, but Sector has Struggled due to COVID

Robo.cash, a peer to peer (P2P) lending marketplace, recently discussed which investments may be “advantageous” during the COVID-19 pandemic. The P2P lender noted in a blog post that COVID, which began spreading in Europe in March and April 2020, led to “unrest” among P2P investors…. Read More

UK Peer to Peer Lender JustUs to Begin Providing P2P Owner-Occupied Residential Mortgages in 2021

Lee Birkett, Founder at UK-based JustUs, a peer to peer (P2P) lender, has stated that the platform will begin providing P2P owner-occupied residential mortgages (starting in 2021). These mortgages will be available either with or without an exemption from the UK government. Birkett noted that… Read More

Funding Societies’ Direct Lending Entity Approved to Become Participating Finance Institution

Singapore based peer to peer finance platform Funding Societies notes that after several years of laying the groundwork with ESG, they’re proud to confirm that their direct lending entity, FS Capital Pte Ltd (which is part of Funding Societies), was approved in October 2020 to… Read More

Fintech Lending in Indonesia Might Not be Able to Fully Support Participation from Retail Investors

LendingClub (NYSE:LC) recently filed an 8-K with the US Securities and Exchange Commission (SEC) indicating its intent to stop offering retail notes by the end of the year. The leading marketplace lender in the US started as a peer to peer lender but over the… Read More

P2P Lender Robo.cash Provides Updates on Performance of its Loan Originators, May Launch Operations in Sri Lanka

Robo.cash, a peer to peer (P2P) lending marketplace, has provided an update on the performance of its loan originators in Q3 2020. The Robo.cash team revealed that its Spanish loan originator, Prestamer.es, has managed to record “one of the best results in the whole group.”… Read More

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