Tagged: p2p lending

December 9, 2016 @ 3:51 pm By Samantha Hurst  |  

Following the FCA publishing an interim report on crowdfunding regulations, the team at peer-to-peer lending platform Zopa revealed their thoughts about the report and its findings. As previously reported, the report took into consideration feedback from the leading UK crowdfunding platforms (including peer to peer lenders),… Read More

December 9, 2016 @ 8:16 am By Samantha Hurst  |  

Assetz Capital announced on Friday that November 2016 was officially the peer to peer lender’s most successful month ever. The website confirmed it lent £26 million to users, £100 million for 2016.  Commenting on the online lender’s November success, Stuart Law, CEO of Assetz Capital, stated:… Read More

December 9, 2016 @ 5:36 am By Erin Hobey  |  

Lendico has refrained from originating new consumer loans in Germany, according to P2P-Banking, directly linking consumers instead to Finanzcheck, a loan application tool. While new consumer loans origination has been halted, Lendico is continuing its business loan origination within Germany. In the last months Lendico has also stopped issuing consumer loans in the Netherlands,… Read More

November 24, 2016 @ 6:58 am By Erin Hobey  |  

Cashboard, a Berlin-based online investment startup, announced that it has raised €3 million from a Luxembourg-based fintech fund Digital Space Ventures and from its existing investors Redalpine Capital and Earlybird. A recent KPMG and CB Insights report stated that German fintech is attracting more investment than… Read More

October 31, 2016 @ 3:54 pm By Samantha Hurst  |  

Peer-to-peer lending platform Funding Circle announced on Monday it is making changes to its interest rates. The lender stated that it regularly reviews the rates and takes into account various factors, which includes macroeconomics trends. It was revealed: “At Funding Circle, our aim is for investors… Read More

October 21, 2016 @ 1:41 pm By Samantha Hurst  |  

Bondora, a European peer to peer lender based in Estonia, announced on Friday it is removing the Primary Market View feature from its user interface. This change will go into effect on November 1st. Bondora stated it was removing the feature because the speed of their… Read More

October 18, 2016 @ 7:15 am By Erin Hobey  |  

Hong Kong-based Monexo seeks to grow its Indian P2P lending arm, planing to raise about $10 million by December 2016 to scale up its business in India and South East Asian countries, reported The Economic Times. “We are looking to raise about $10 million by December… Read More

October 17, 2016 @ 3:04 pm By Erin Hobey  |  

The Federal Trade Commission announced the agenda for its upcoming FinTech forum examining peer-to-peer payments and crowdfunding. The forum, which is the second in an ongoing event series, will take place from 1:00 p.m. to 4:30 p.m. on 26 October at the Constitution Center auditorium, located at… Read More

October 6, 2016 @ 6:49 am By Erin Hobey  |  

China’s outstanding P2P loans more than doubled to a record high at the end of September, according to an industry report, underscoring the challenges Chinese authorities face in regulating the exponentially growing sector. P2P loans surged 153.5 percent to 956 billion yuan ($143 billion), according to the official… Read More

September 22, 2016 @ 5:27 am By Erin Hobey  |  

P2P Global Investments and Zopa have teamed up to work on Europe’s first securitization of unsecured consumer loans originated online, reported Bloomberg. The £138M ($179 million) transaction is backed by 27,137 loans to individuals, according to Moody’s Investors Service, with a weighted average seasoning of 10 months and a maximum loan… Read More

September 20, 2016 @ 6:05 am By Erin Hobey  |  

BLender, the Israel-based P2P lending platform, announced the first milestone in its global expansion, opening new offices in Milan, Italy, and Vilnius, Lithuania to serve customers in Italy and the Baltic region. “Offering multi-national P2P lending has been our vision since BLender’s establishment,” BLender CEO… Read More

September 16, 2016 @ 12:15 pm By Samantha Hurst  |  

This week, India-based peer-to-peer lending platform Faircent announced it appointed Shakti Goel as its new chief or product and technology. Goel has over 20 years of experience in leveraging technology-based solutions and is currently the technical advisor, and board member of DEWI Online. Other positions he has held… Read More

September 6, 2016 @ 1:53 pm By Erin Hobey  |  

When Finnovista first covered Spanish fintech in 2013, the site recorded only 50 startups in the sector; now, three years later, in its first edition of Fintech Radar Spain, the site identified 207 Spanish fintech startups, indicating the sector had quadrupled in three years, stats largely in line with fintech’s global trend. Cofounded… Read More

September 6, 2016 @ 3:35 am By Erin Hobey  |  

In order to accelerate growth, the Irish P2P lending platform Linked Finance — Ireland’s first — has moved from a model where lenders “bid” the interest rate they would offer to a company seeking funds, to one where a fixed-rate is set at the beginning… Read More

August 11, 2016 @ 10:38 am By Erin Hobey  |  

India-based P2P lending platform Faircent has raised $1.5 million from Brand Capital, the investment arm of the media conglomerate Bennett Coleman and Co, according to The Economic Times. “The investment proves and strengthens our brand conviction towards disrupting credit in India,”  Faircent CEO Rajat Gandhi told the Economic Times. “Our… Read More

August 5, 2016 @ 12:59 pm By Samantha Hurst  |  

Assetz Capital one of the UK’s largest peer-to-peer lenders, announced it is predicting that both savers and borrowers will continue to turn to alternative finance companies in increasing numbers as Bank of England slashes interest rates from 0.5% to 0.25%. The website reported, peer-to-peer lending platforms remain largely untouched… Read More

July 21, 2016 @ 1:48 pm By Erin Hobey  |  

Singapore-based P2P online lending platform Validus Capital has partnered with insurance provider EQ Insurance to offer investor protection on some of the financing it provides to small and medium-sized enterprises (SMEs), according to StraightTimes. Validus Capital claims to be the first platform in Singapore to provide investor insurance on its invoice financing services. “We… Read More

July 21, 2016 @ 11:30 am By Erin Hobey  |  

Fresh from its seed round, LenDenClub made good on its promise and has launched a new version of its P2P lending platform with features including end-to-end automation of lender-borrower transaction cycle from registration, document verification, credit analysis, transaction matching to report generation. An algorithmic-based program, built based… Read More

June 14, 2016 @ 2:45 pm By Erin Hobey  |  

RateSetter, one of the UK’s largest P2P lenders, has announced its foray into small business loans with the aid of government backing, reported the Financial Times. In preparation for its expansion anticipated by this week’s end, Ratesetters hired a specialist team and built a technology platform to support business… Read More

June 13, 2016 @ 7:56 am By Erin Hobey  |  

Armed with an undergraduate degree in Electronics from Dharmsinh Desai University and MBAs from both the Indian Institute of Management, Bangalore and McGill University, Jaidev Janardana spent 12 years with Capital One, in the US and the UK. He was the CMO for Capital One UK, responsible… Read More