Tagged: p2p lending

August 29, 2017 @ 7:16 am By Samantha Hurst  |  

On Monday, online lender SoFi announced its members have cumulatively paid off over $5 billion dollars in credit card debt using its SoFi Personal Loans and getting them out of debt faster with lower interest rates. According to SoFi, members who used SoFi Personal Loans to… Read More

August 10, 2017 @ 5:39 pm By Samantha Hurst  |  

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

July 24, 2017 @ 4:03 pm By Samantha Hurst  |  

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

July 13, 2017 @ 6:59 am By Erin Hobey  |  

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

July 6, 2017 @ 8:46 am By Samantha Hurst  |  

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

July 3, 2017 @ 7:45 am By Erin Hobey  |  

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

July 3, 2017 @ 6:16 am By Erin Hobey  |  

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

July 2, 2017 @ 7:01 pm By Erin Hobey  |  

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

June 7, 2017 @ 4:18 am By Jonathan Nieh  |  

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

May 30, 2017 @ 7:26 am By Erin Hobey  |  

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

May 30, 2017 @ 5:37 am By Erin Hobey  |  

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

May 25, 2017 @ 6:48 am By Erin Hobey  |  

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

May 24, 2017 @ 5:14 am By Erin Hobey  |  

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

May 22, 2017 @ 6:16 am By Erin Hobey  |  

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

May 15, 2017 @ 6:06 am By Erin Hobey  |  

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

May 13, 2017 @ 10:29 am By JD Alois  |  

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

May 8, 2017 @ 12:10 pm By JD Alois  |  

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

May 5, 2017 @ 8:18 am By Erin Hobey  |  

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

May 4, 2017 @ 3:09 am By Erin Hobey  |  

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

April 22, 2017 @ 4:40 pm By JD Alois  |  

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