Tagged: p2p lending

Funding Circle Revamp: Online Lender Announces New Look & Feel to Platform

On Thursday, online lender Funding Circle announced it is revamping its platform by offering a new look and feel. The lending portal also announced its new motto, Made to Do More. It was revealed: “Since  2010, we’ve been proudly helping small businesses (32,000 and counting!)… Read More

Michael Tannenbaum Steps Down As CRO of SoFi

Michael Tannenbaum, the chief revenue officer of online lending platform SoFi, has reportedly stepped down from his position. According to TechCrunch, Tannenbaum has been at SoFi since 2014, when he started off as vice president of finance before moving on to become the lending platform’s chief revenue… Read More

Marine Training: ThinCats Syncs with SMT to Finance Growth

ThinCats, an alternative lending industry leader, has joined forces with Edinburgh based Alderburn Finance and specialist marine training and consultants Stream Marine Training (SMT), to provide funds to bring a unique offering to Scotland. “It was a delight to be able to help SMT finance their… Read More

New Milestone: Peer-to-Peer Lender Flender Celebrates First Wave of Successfully Funded SME Loans

The recently launched peer-to-peer lending platform, Flender, announced on Thursday it is celebrating the successful funding of its first batch of SME loans. According to the online lender, companies that received their requested funding include one of Europe’s fastest growing lingerie retailers, a café, and… Read More

UK P2P Lender RateSetter Update: Targets New Business Borrowers

Since launching in 2010, prominent UK P2P lender RateSetter has diversified across multiple channels and across both consumer and business loans.  Now the lender is planning to boost its direct marketing methods to diversify its new business borrowers sources, according to Peer2Peer Finance News. The initiative will likely involve more… Read More

Funding Circle Update: £800M Lent in Last 6 Months, Sean Glithero Leaves Auto Trader to Join as CFO

Funding Circle, a leading lending platform for small businesses, today announced that Sean Glithero will join the company as its new global Chief Financial Officer. This appointment follows a record-breaking first half of 2017 for Funding Circle with approximately £800 million lent to 8,000 businesses… Read More

Lendy: Londoners Borrowed £17B in New Mortgages in 2016, Wimbledon & Wandsworth Top Borrowers

Londoners borrowed another £17 billion in new mortgages last year as the affluent southwest London neighbourhoods of Wimbledon and Wandsworth topped the borrowing league table and and 17 of the top 20 areas for new mortgage lending last year are in London, reported European P2P lending platform Lendy. “Lenders… Read More

Australian P2P Lender Credit Crowd Joins Blockchain Lending Platform Othera

It was announced recently that Australia-based P2P lender, Credit Crowd, has joined Othera’s Blockchain Lending Platform and Digital Asset Trading Exchange. By joining Othera’s platform, Credit Crowd is seeking to evolve its P2P lending market by digitizing the trading of P2P loans on the block chain. P2P… Read More

Brief: China Minsheng Investment Group Leads P2P Lender Tuandaiwang’s $262M Pre-IPO Round

China Minsheng Investment Group, one of the China’s largest private investment groups and helmed by Dong Wenbiao, has led a RMB1.8 billion ($262 million) pre-IPO investment round in Chinese P2P lender Tuandaiwang, according to multiple news sources. Beijing Yisheng Innovation Technology and Beihai Hongtai Investment also invested in this… Read More

“Constructive Synergy”: Indian P2P Lender Faircent Introduces New Student Loan

Indian online P2P lending platform Faircent.com announced a new semi-secure student loan product in collaboration with Bangalore-based micro-lending startups.  Lenders ay also opt for a partly-secured alternative-investment opportunity that delivers a higher return. Under the partnership, college students may fund purchase of items such as laptops, books and… Read More

P2P Business Lender ArchOver Receives Full FCA Authorization

ArchOver, a UK P2P business lending platform, has secured full authorization from the Financial Conduct Authority to operate as a P2P lending platform (Article 36H). Since launching in September 2014, ArchOver has facilitated over £35 million of investment over its platform, operating under interim permissions granted by… Read More

UK P2P Lending Market Researcher Orca Dives into P2P Provider Rating Services

Orca, a leading independent data, research and analysis providers on the UK P2P lending market has announced its plans to launch its own four-factor rating service for individual P2P providers, the Orca Rating. The rating will be designed in partnership with Dublin City University’s Irish Centre for… Read More

UK P2P Lender RateSetter Announces Joanna Wright as New CRO

Peer-to-peer lending platform RateSetter has appointed Joanna Wright as Chief Risk Officer. Wright joins RateSetter from GE Capital where she was Chief Risk Officer for GE Capital Bank in the UK, leading a team of over 200 risk professionals with responsibility for prudential and enterprise risks… Read More

UK P2P Lender RateSetter Nabs Paul Manduca for Non-Executive Chairman

P2P lending platform RateSetter announces that Paul Manduca has been appointed as Non-Executive Chairman. Manduca will join the Board on 1 June and will become Chair on 17 July, when current Chairman Alan Hughes’ three-year term expires. “Lending as an asset class has always been a virtual… Read More

Funding Circle Database Records Left Publically Available

Kromtech Security Researchers say they discovered a “massive trove of data” from both businesses and investors on the online lending platform Funding Circle. The data only referenced US based customers and did not impact other markets where Funding Circle originates loans. Reportedly, no data was… Read More

Ezubao P2P Lending Fraud Update: 26 on Trial

Do you remember the Ezubao Ponzi scheme that ended in the single largest peer to peer lending fraud of all time? Investors, saw approximately 50 billion CNY or about USD $7.2 billion flushed down the tube. Reportedly 900,000 investors were impacted as an astounding 95%… Read More

Flender Brief: Irish P2P Lender FCA Authorized, Plans for UK Launch

Irish P2P lending platform Flender, which secured £501,700 from more than 230 investors during its Seedrs equity crowdfunding round this past January (reportedly the first Irish Fintech platform to successfully complete an equity crowdfunding round), is authorized and regulated by the Financial Conduct Authority under Registration Number… Read More

Fintechers Tungsten Network & BlueVine Align Forces to Address SMBs’ Financing Needs

Tungsten Network, a leading global business transaction network, and BlueVine, a leading provider of online working capital financing, unveiled a new partnership today that aims to better meet the financing needs of small and medium-sized businesses (SMBs) on Tungsten’s Network. By linking with Tungsten Network,… Read More

Growth Street Reports Rapid Growth as 600 Investors Sign Up in Just 5 Months

Peer to peer lender Growth Street is reporting solid growth. The online lender said it has captured over 600 investors since platform launch at the end of 2016. Growth Street is a platform that provides online financing options for UK SMEs. The company also touted its… Read More

Harvard Kennedy School Study Recommends P2P Marketplace Policy Overhaul

The proliferation of P2P marketplace, and most importantly online lending brings a competitive challenge for existing financial institutions that is here to stay. Its meteoric rise has provoked regulators around the world to deliberate on the new models of oversight needed to benefit consumers and… Read More