Tagged: p2p lending

Report: UK’s Financial Conduct Authority is Reviewing P2P Lenders After High Profile Failures

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

Ethereum Development Studio ConsenSys Announces Codefi, A New DeFi Software Suite

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

Hexindai Announces Changes to Management

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

P2P Lender Validus Capital Announces Expansion Into Indonesia Following $15.2 Million Investment

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

Update: P2P Lender CrowdProperty Surpasses £900,000 During the Final Days on Seedrs

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

P2P Lender SoLo Funds Announces Mastercard Integration to Expand Access to Affordable Loans

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

Assetz Capital Secures Nearly £10 Million in 90-Day Access Account One Week Into Launch

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

Growth Street Reports: Investor Return Up By 16.7% in 2018 Through P2P Investment Platform

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

Chinese P2P Lender Hexindai Announces Investor Insurance Coverage Agreement with Shanxi Zhengxuan Finance Guarantee

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

RateSetter Announces 2017-18 Revenue Growth of 47%

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

Orca Money Makes a Splash on Seedrs: Nears 70% Campaign Goal on First Day

Orca

Orca Money’s crowdfunding campaign is going as smoothly as expected.  The P2P investment aggregation platform linked with Seedrs and launched to raise £500,007 campaign yesterday and has already secured over £346,745 from more than 91 investors toward its goal. Co-Founded by CEO Iain Niblock and Jordan Stodart in 2015, Orca… Read More

SocietyOne Milestone: Aussie P2P Lender Hits $500 Million in Lending

Australia-based marketplace lender SocietyOne announced on Tuesday it has reached $500 million in loan originations across its personal loan, agri lending, and marketplace business, and is now setting its sights on reaching $1 billion by the end of 2019. The news comes less than a month after… Read More

Overfunding: P2P Lender Welendus Secures £850,000 Funding Target Through Latest Seedrs Round

Just a little over a week after launching its latest equity crowdfunding round on Seedrs, Short-term peer-to-peer lending platform Welendus has successfully secured its initial £850,000 funding target. Founded in 2015, Welendus seeks to redefine the short-term lending market by launching a peer-to-peer short-term lending platform… Read More

P2P Lender Welendus Returns to Seedrs to Raise £850,000

Short-term peer-to-peer lending platform Welendus has returned to equity crowdfunding platform Seedrs to raise £850,000 in funding. The lender’s latest initiative comes less than one year after it secured £208,898 through the funding portal.   As previously reported, Welendus was founded in 2015 and aims to re-define the short-term lending market by… Read More

Orca Cofounder Jordan Stodart Shares Update and Quiz Info: Ready to Put Your P2P Knowledge to the Test?

In preparation of its Lending Challenge, the P2P investment aggregation provider Orca partnered with UK P2P Lending Knowledge Leaderboard and posted a quiz targeting investors and industry players to see how much people know about the P2P knowledge. Neither questions nor answers will be posted here to keep the quiz… Read More

Robo.cash CEO Sergey Sedov Explains New P2P Investor Studies (Infographic)

Last week Robo.cash surpassed a €4M investment milestone and briefly commented on new studies conducted by its analytical center.  Today the Latvian P2P lending platform Robo.cash tweeted a detailed infographic and Founder and CEO Sergey Sedov explained the findings on TechBullion: the younger generation of investors who consider P2P lending… Read More

New Robo.cash P2P Lending & Millennials Research & 4M€ Milestone

Alternative lending observes a continuously increasing number of Millennials and Generation Z, according to the Latvian P2P platform Robo.cash. This growth is supported by the interest of young investors in a “simple and comfortable source of additional income” and the positive experience gained at the… Read More

Providing SMEs Access to More Capital: Lending Loop Syncs with Ontario Government

Online P2P lender Lending Loop has partnered with the Ontario government to launch a pilot project that will provide $3M in loans over the next two years, according to the Globe and Mail. The article indicated that the Ontario government will boost Toronto-based Lending Loop’s… Read More

Chinese P2P Lender Senmiao Technology Announces Terms For Upcoming $14 Million IPO

Last week, Chinese peer-to-peer lending platform Senmiao Technology announces terms for its upcoming $14 million U.S. initial public offering (IPO).  Founded in 2014, Senmiao Technology offers director loans and assignment of loans to medium-size enterprise, borrowers, and creditors. According to Renaissance Capital, the online lender plans to… Read More

3rd European Alternative Finance Report: Market Expanded by 41% in 2016, P2P Consumer Lending Leads

The European online alternative finance market grew by 41 per cent to 7.7 billion euros in 2016, according to the 3rd annual European Alternative Finance Industry Benchmarking Report by the Cambridge Centre for Alternative Finance. The report entitled “Expanding Horizons” indicates that online alternative finance showed… Read More

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