Tagged: p2p lending

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

SME Lender Funding Circle Reports that Millions of UK Consumers have Switched to Local Businesses

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, recently noted that as the Coronavirus-related lockdown measures are eased, many businesses in the United Kingdom are preparing to open up again. However, even for businesses that… Read More

UK based P2P Lender, JustUs, Plans to Introduce its Small Business Interruption Loan Service by End of August 2020

JustUs, a UK-based peer to peer (P2P) lender, is planning to introduce its Small Business Interruption Loan Service (SBILS) by the end of next month and has asked the UK government to also take part in the program by lending alongside the crowd. The SBILS… Read More

Ireland’s P2P Lending Platform, Linked Finance, Asks Government to Extend Nation’s €2 Billion Credit Guarantee Scheme to Non-Bank Lenders

Ireland-based Linked Finance, a peer to peer (P2P) lender, has asked the Irish government to extend the nation’s €2 billion (appr. $2.35 billion) credit guarantee scheme to P2P and non-banking lending platforms. The UK has introduced the COVID-19 loan scheme, however, Ireland’s alternative lending solution… Read More

P2P Lender and Digital Bank Zopa Releases Rates for Soon to Be Launched Savings Accounts, Existing Investors May Register Interest

Fintech lender and digital bank Zopa has provided rates for its fixed-term savings accounts and noted that current investors that express interest will get a chance to receive exclusive products. Zopa clarifies that these rates are available only to investors and not necessarily what will… Read More

David Bradley-Ward, CEO at UK’s Asset-backed Lender Ablrate, Says He “Sees Light at the End of the Tunnel” Despite COVID-19 related Problems

Peer to peer (P2P) lending platform managers have different predictions or expectations about how Innovative Finance ISA (IFISA) inflows will perform during this tax year in the United Kingdom. David Bradley-Ward, CEO at Ablrate, an asset-backed lending platform, claims that net inflows on the platform… Read More

New Fintech Platforms and P2P Lenders are Creating Challenges for Regulators, as they Need to Develop Appropriate Guidelines: Report

The latest Fintech platforms and peer to peer (P2P) lenders are creating new challenges for regulatory authorities, because they have to figure out how to develop appropriate rules and guidelines for new types of products and services. A report from Oliver Wyman, an International Banking… Read More

Fintech Lender and Digital Bank Zopa to Use Paylink Solutions’ Embark Software, a Cloud based Income and Expenditure Solution

Fintech lender and digital bank Zopa has reportedly partnered with UK-based Paylink Solutions, a software developer that provides solutions for the lending and mortgage industries. Zopa, which was recently awarded a full bank license, confirmed that it would be using Paylink’s cloud-powered online income and… Read More

European Commission is Being Asked to Use European Social Fund to Issue Loans via Crowdfunding and P2P Lenders

The European Commission (EC), the executive branch of the European Union that recommends legislation, implements various policies and decisions, among other duties, is being asked to use its European Social Fund (ESF) to issue loans via crowdfunding and peer to peer (P2P) lending platforms across… Read More

P2P Lenders in Indonesia Report Slowdown in Loan Disbursement via Fintech Platforms due to COVID-19

Indonesia’s Fintech lending platforms have reported slowing growth in total loan disbursements due to the COVID-19 outbreak and resulting economic challenges. The pandemic has caused many Indonesian startups to become more careful when channeling their credit. The Asian country’s Fintech Lenders Association (AFPI) deputy chairman… Read More

Online P2P Lender Robo.cash Claims Alternative Lending Platforms have Improved Investment Offering During COVID-19

Robo.cash has revealed that peer-to-peer (P2P) investors on its platform have increased the size of their initial investments despite the COVID-19 outbreak and resulting economic challenges. The European P2P lending platform has reported that the first investment made by investors increased from £822 to €909… Read More

Fintech Lender and Digital Bank Zopa CEO Jaidev Janardana Claims it’s been “Business as Usual” Despite COVID-19 Outbreak

The peer to peer lending (P2P) sector in the UK is currently going through one of its biggest challenges ever, because of the COVID-19 outbreak. Jaidev Janardana, CEO at Zopa, believes a large number of Fintech businesses will be forced to shut down during the… Read More

UK Government Should End its “Unfair” Moratorium of Commercial Property Rents, Proplend CEO Says

Brian Bartaby, CEO at Proplend, a UK-based peer to peer (P2P) lending platform, wants the UK government to end its moratorium of commercial property rents, because he thinks it’s “unfair.” As first reported by Peer2Peer Finance News, Bartaby thinks that it was wrong for the… Read More

Lendy Investors Demand the Arrest of Former Directors Liam Brooke and Tim Gordan after they Allegedly Siphoned Investor Funds to Overseas Firms

UK-based Lendy, a peer to peer (P2P) lender that shut down in 2019 and went into administration, was requiring previous investors to pass certain anti-money laundering (AML) checks again, before they qualify to get refunds. Administrators of the bankrupt P2P lender have revealed that the… Read More

Shariah-Compliant P2P Lending Platform Qardus Launches in the UK, will Provide Financial Assistance to SMEs

An Islamic, or Shariah-compliant, peer to peer lending platform has been introduced in the United Kingdom. The new P2P lender aims to provide funding to the nation’s SMEs, which might be struggling to maintain operations due to the economic challenges created by COVID-19. Qardus, an… Read More

Blockchain enabled Secondary Market Platform ASMX to Provide More Liquidity to Investors, but Launch Delayed due to Technical Issues

ASMX, a blockchain-enabled secondary market platform, has confirmed that its upcoming launch was delayed due to an unexpected technical problem that is currently being addressed. ASMX’s solution aims to provide more liquidity for investors. The platform was scheduled to go live in March of this… Read More

Narinder Khattoare, CEO at Kuflink, Says UK Investors are Returning to Real Estate backed P2P Investments

Narinder Khattoare, CEO at Kuflink Group, a platform that connects borrowers with lenders, by providing a steady flow of accessible finance and competitive interest rates, claims that UK-based investors are returning to real estate backed peer to peer (P2P) investments. Khattoare noted that investment inflows… Read More

UK based Fintech Proplend, a P2P Lending Platform, Claims its Loan Queries Doubled in June 2020

UK-based Proplend, a Fintech platform that matches demand for alternative property finance with investor demand for “inflation-beating returns,” has revealed that its loan queries doubled last month (month-on-month). The FCA approved peer to peer (P2P) lending platform claims that it’s expecting several new deals to… Read More

London’s P2P Lender, Lending Works, to be Acquired by Intriva Capital, Subject to Regulatory Clearance

The team at Lending Works, a London-based peer to peer (P2P) lender, confirmed on July 3, 2020, that it’s pleased to report that, pending regulatory clearance, the lending platform is being acquired by Intriva Capital. On July 5, 2020, Lending Works was fully acquired by… Read More

University of Indonesia Study Reveals that Borrowers Using Local P2P Lender Investree Were Able to Generate More Revenue

Borrowers that use Indonesia’s peer to peer (P2P) lending platform Investree, which mainly includes local SMEs, had reported a considerable increase in their earnings. They were also able to better scale their business operations after obtaining loans from Investree, according to a recent study conducted… Read More

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