Tagged: p2p lending

October 20, 2020 @ 11:02 pm By Omar Faridi  |  

Steve Robson, MD at CapitalStackers, a UK-based peer to peer (P2P) lending platform focused on real estate finance, notes that they’re working with a new borrower, a new location, and also a new bank. The company states in a blog post: “A highly attractive scheme… Read More

October 18, 2020 @ 3:35 pm By Omar Faridi  |  

An investor has reportedly been attempting to get her funds out of one of the UK’s largest peer to peer (P2P) lending platforms, RateSetter, since August 2020. According to a report from the Guardian, the investor (Michelle Johnson) was told by RateSetter’s management that her… Read More

October 10, 2020 @ 10:08 am By Omar Faridi  |  

Latvia-based peer to peer (P2P) lender Grupeer noted on October 7, 2020 that Recollecta has taken over its debt collection and management of the repayment process. This should help speed up repayments to the platform’s investors, the lender claims. The Grupeer team confirmed that they… Read More

October 9, 2020 @ 7:20 am By Omar Faridi  |  

October, a top European online lender, recently raised €258 million to lend to European SMEs. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. The lending platforms management noted in a blog post that its lenders… Read More

October 5, 2020 @ 10:27 pm By Omar Faridi  |  

The role of Fintech platforms and services in supporting public services in Indonesia has become more prominent and relevant due to the global COVID-19 outbreak. Fintech service providers are now offering more digital payments options which allow Indonesians to pay for everyday expenses, instead of… Read More

October 3, 2020 @ 7:35 am By Omar Faridi  |  

The Indonesian Fintech Lenders Association (AFPI) has reportedly decided to establish a special task force to assist peer-to-peer (P2P) Fintech companies with the significant increase in bad loans – which may have resulted from the socioeconomic challenges created due to the Coronavirus crisis. Adrian Gunadi,… Read More

September 24, 2020 @ 11:00 pm By Omar Faridi  |  

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

September 22, 2020 @ 11:49 pm By Omar Faridi  |  

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

September 20, 2020 @ 11:00 pm By Omar Faridi  |  

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

September 12, 2020 @ 2:29 pm By Omar Faridi  |  

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

September 8, 2020 @ 12:00 pm By Omar Faridi  |  

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

September 7, 2020 @ 1:25 pm By Omar Faridi  |  

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

September 7, 2020 @ 12:25 pm By Omar Faridi  |  

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

September 2, 2020 @ 9:37 pm By Omar Faridi  |  

Indonesia based Tokopedia, an e-commerce marketplace that had announced a $1.5 billion funding round from Softbank, Alibaba, Temasek back in January 2020, has introduced Dhanapala, a standalone or independent peer to peer (P2P) Fintech lending platform. The Dhanapala app is currently available for download to… Read More

August 29, 2020 @ 12:48 pm By Omar Faridi  |  

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

August 29, 2020 @ 12:41 pm By Omar Faridi  |  

  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

August 29, 2020 @ 11:20 am By Omar Faridi  |  

Indonesia has a population of around 270 million residents, and most of these people are underbanked or financially underserved. Businesses in the fast-growing economy also don’t yet have access to modern financial services, like the kind we’d typically find in many of the developed Western… Read More

August 28, 2020 @ 5:40 pm By Omar Faridi  |  

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

August 28, 2020 @ 9:37 am By Omar Faridi  |  

Peer to peer (P2P) lenders in the UK have, at times, been criticized for not being able to offer the best services to their clients. However, they’ve also recently been praised for their overall approach and response to the Coronavirus outbreak which has created many… Read More

August 27, 2020 @ 7:00 am By Omar Faridi  |  

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