Tagged: p2p lending

February 17, 2020 @ 11:31 am By Samantha Hurst  |  

European peer to peer lender Robo.cash announced on Monday it now has 10,000 investors on its platform. Founded in 2017, Robo.cash describes itself as a fully automated investment platform operating within an international financial group comprising loan originators from Spain, Russia, Kazakhstan, Indonesia, Vietnam, and… Read More

February 12, 2020 @ 8:25 pm By Omar Faridi  |  

Brazilian Fintech firm IOUU, which offers a peer to peer (P2P) marketplace solution, has managed to secure funding from several venture capital firms. IOUU has acquired R$6 million (appr.$1.3 million) in funding from DOMO, which led the firm’s latest investment round. Indicator Capital and Devas… Read More

January 31, 2020 @ 3:56 pm By Samantha Hurst  |  

Less than a week after launching its equity crowdfunding campaign on Seedrs, UK-based peer-to-peer lending startup Elfin Market successfully secured its initial 400,000 funding target. The campaign so far has attracted more than 125 Seedrs investors. As previously reported, Elfin claims to be the world’s… Read More

January 30, 2020 @ 4:03 pm By Samantha Hurst  |  

Elfin, a UK-based peer-to-peer lending startup, is now seeking £400,000 through its equity crowdfunding campaign on Seedrs. Founded in 2016, Elfin claims to be the world’s first peer-to-peer lending platform where borrowers get a line of credit that they may draw upon as often as… Read More

January 18, 2020 @ 5:24 pm By Omar Faridi  |  

Düsseldorf-based Fintech auxmoney is one of Europe’s largest credit marketplaces. Private and institutional investors can use auxmoney to make direct investments in pre-approved borrowers of various different score classes.  auxmoney recently began issuing loans to small and medium-sized enterprises (SMEs). The company uses its customized… Read More

January 18, 2020 @ 9:32 am By Omar Faridi  |  

MarketFinance is one of the world’s largest peer-to-peer (P2P) invoice finance platforms. Established in 2011 and based in London and Manchester, MarketFinance has reportedly issued more than £1.1 billion (appr. $1.4 billion) in funding to thousands of UK-based businesses. MarketFinance assists business owners in dealing… Read More

November 28, 2019 @ 8:47 am By Omar Faridi  |  

Peer to peer lending firm Amartha has finalized a Series B investment round led by LINE Ventures, the venture capital division of giant messaging app LINE. The funds raised will be used to further expand Amartha’s operations to include more women and underprivileged families based… Read More

November 16, 2019 @ 9:09 am By Omar Faridi  |  

Brian Kerr, co-founder and CEO at San Francisco-based Kava Labs, a venture-backed firm working on improving payments systems by leveraging blockchain technology, recently shared his views and insights with Crowdfund Insider. Kerr, a business administration and marketing graduate from San Francisco State University,  explained how… Read More

November 8, 2019 @ 7:58 am By Omar Faridi  |  

Zopa, a peer-to-peer (P2P) money lending platform that allows borrowers and lenders to deal directly with each other (cutting out the banks who serve as intermediaries), is nearing the launch of its new digital bank offshoot in the United Kingdom. The company will conduct a… Read More

October 16, 2019 @ 4:29 pm By Samantha Hurst  |  

Peer to peer property lender CrowdProperty has unveiled a new lending product specially for new construction methods.  According to P2PFinanceNews, the lending platform is offering a new product, Modern Methods of Construction (MMC) Finance, which will cover building with alternative materials including modular, structural insulated… Read More

September 30, 2019 @ 8:42 am By Omar Faridi  |  

UK’s financial regulator, the Financial Conduct Authority (FCA), is currently investigating the operations of several peer-to-peer (P2P) lenders after discovering various failures or instances of non-compliance ahead of the implementation of stricter regulations this year, according to a report in the FT. Last week, the… Read More

September 18, 2019 @ 4:26 pm By Omar Faridi  |  

ConsenSys founder Joseph Lubin announced at the Ethereal Tel Aviv press conference (on September 15) that his New York-based venture studio is launching a new product, Codefi, for the emerging decentralized finance (DeFi) ecosystem. Lubin, a computer science and electrical engineering from Princeton University, remarked:… Read More

August 30, 2019 @ 10:37 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it has made some changes to its management team. Hexindai reported that Johnson Qisen Zhang, the online lender’s CFO, has departed from the company and Kerrie Rui Zhang has replaced Johnson as Hexindai’s new CFO. … Read More

April 11, 2019 @ 6:41 am By Samantha Hurst  |  

Singapore based online lender Validus announced this week that following its $15.2 million fundraise the lending platform has formally launched in Indonesia through its domestic business entity, Batumbu, in partnership with Indonesia’s Triputra Group. As previously reported, Validus was launched in 2015 and claims to… Read More

April 10, 2019 @ 3:24 pm By Samantha Hurst  |  

Peer-to-peer property lender CrowdProperty is set to close its equity crowdfunding campaign on Seedrs with more than £900,000 in funding from over 500 investors. The campaign, which launched last month,  quickly topped the minimum target of £600,000 for a 3.68% equity stake in the platform…. Read More

April 4, 2019 @ 3:04 pm By Samantha Hurst  |  

SoLo Funds, a peer-to-peer lending platform that provides instant affordable access to loans,  announced on Thursday its new Mastercard integration, which enables users to link their debit bank accounts to the lender’s platform enabling faster, more seamless lending transactions under $1,000. SoLo Funds reported that… Read More

March 3, 2019 @ 8:13 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital reported last week that its 90-day Access Account secured £10 million during the first week of launch.  According to AltFi, Assetz Capital’s Access Account targets returns of 5.75% a year, adds that investors can also take advantage of 1%… Read More

February 6, 2019 @ 10:49 am By Samantha Hurst  |  

UK-based business lender Growth Street announced recently announced that investor returns up by 16.7% in 2018 through its peer-to-peer investment platform. Founded in 2013, Growth Street’s main mission is to help businesses grow. The platform has already matched £175 million of investors’ funds with growing businesses since… Read More

January 18, 2019 @ 9:22 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it signed a cooperation agreement with Shanxi Zhengxuan Finance Guarantee Co., Ltd., which reportedly is controlled by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), to provide investors on its platform with insurance coverage that… Read More

December 17, 2018 @ 9:51 am By Samantha Hurst  |  

UK based peer-to-peer lender RateSetter announced last week the results of its 2017-2018 financial year, which ended on March 31, 2018. The lending platform reported that revenues were up by 47% (which was £34.3 million) from the previous year (£23.4 million). The company noted that the… Read More