Tagged: p2p lending

June 7, 2016 @ 8:56 pm By Erin Hobey  |  

KPMG and NASSCOM 10,000 Startups just released the new report Fintech in India, targeting key elements that are “creating transformational waves across the financial ecosystem in India” and have seen extensive usage across financial service institutions. Topics include essential themes to the fintech ecosystem such as next-generation payments, financial inclusion, P2P lending, robo… Read More

May 26, 2016 @ 2:23 pm By Erin Hobey  |  

Add Esudai to a growing list of fraudulent Chinese P2P lending platforms that are being shut down by the Chinese government.  Today Reuters reported that police in the Huizhou, Guangdong province, had detained 13 executives including legal representative and chairman Jian Huixing from the Guangdong Huirong… Read More

May 10, 2016 @ 10:44 am By Erin Hobey  |  

P2P lending startup Faircent has raised Series A round led by JM Financial Ltd subsidiary which has picked up 9.8% stake in the company, according to a release. The capital will be utilized by the Mumbai-based company to build its technology and product as well strengthening and growing… Read More

April 26, 2016 @ 11:05 am By Samantha Hurst  |  

Peer-to-peer lender, China Rapid Finance, announced on Tuesday it has appointed Huaqiao (Joe) Zhang an independent non-executive director to its board. Previously, Zhang had served as an advisor to the website since August 2013. According to the lender, Zhang brings industry knowledge and experience after having spent more than… Read More

April 15, 2016 @ 7:46 am By Erin Hobey  |  

Funding Circle, a small-business lending platform, hired Deutsche Bank AG as the sole  arranger of the first securitization of P2P loans in Europe, according to a person familiar with the matter told Bloomberg. The firm will meet investors in London April 18-20 to discuss a possible deal in pounds,… Read More

April 12, 2016 @ 11:16 am By Erin Hobey  |  

LenDen Club, an Indian online peer-to-peer lending platform, has raised undisclosed seed round of funding through Venture Catalyst, India’s first seed investment and innovation platform. The round saw participation from Anirudh Damani, Daud Ali, Narendra Karnavat, Vikas Kapoor, Vikram Lakhotia, Krishna Jhunjhunwaala and Jayesh Shah, according to a… Read More

April 11, 2016 @ 11:29 am By Erin Hobey  |  

Online business marketplace lender ThinCats Australia hopes to lend $100 million by the end of 2017 after a much needed debt injection of $10 million by UK fund ESF Capital, the new controlling shareholder of ThinCats UK, reported The Sydney Morning Herald. UK fund ESF Capital took a 74 per cent… Read More

April 11, 2016 @ 10:45 am By Erin Hobey  |  

The P2P lending platform Fellow Finance has announced that its platform is now open for borrowers in Poland. Polish customers may now apply for P2P loans with maturity from 1 to 3 years up to 12 000 PLN. This gives Fellow Finance investors an opportunity to diversify their investments geographically and… Read More

March 31, 2016 @ 9:55 am By Erin Hobey  |  

Global Credit Investments has called itself the first Australian fund to invest in peer-to-peer loans, according to The Sydney Morning Herald.  The small fund, set up by former Goldman Sachs banker Steven Sher and former Bain & Co consultant Gavin Solsky, is the latest of a new breed of financial intermediaries which has been buying loans American… Read More

March 17, 2016 @ 5:48 am By Erin Hobey  |  

Top banking executives fear that up to a quarter of their business could be at risk from emerging fintech firms, according to research conducted by PwC.  The report notes that information on FinTech is somewhat “dispersed and obscure,” which can make data synthesizing challenging. PwC’s… Read More

March 8, 2016 @ 4:02 am By Erin Hobey  |  

The Consumer Financial Protection Bureau (CFPB) announced that it is accepting complaints from consumers encountering problems with loans from online marketplace lenders. The Bureau is also releasing a consumer bulletin that provides an overview of marketplace lending and outlines tips for consumers who are considering taking… Read More

March 1, 2016 @ 6:02 am By Erin Hobey  |  

LendInvest, a leading short-term property finance lender, has confirmed that it is still accepting applications for loans to finance purchases that could complete before the 3% Stamp Duty Land Tax increase that comes into effect for landlords and developers on 1 April. LendInvest has avoided… Read More

February 25, 2016 @ 6:08 am By Erin Hobey  |  

Ablrate, the UK marketplace lender who specializes in asset-backed transactions, today announced its largest aircraft loan so far has reached its £1.8 million target within 13 days. This  most recent loan takes Ablrate’s total loans since inception past £6 million –£6,069,187.89 at this writing — with… Read More

February 19, 2016 @ 3:18 pm By Samantha Hurst  |  

Australian marketplace lender, DirectMoney, announced that it has sold a total of $5 million of personal loans to Macquarie Group (Macquarie), a provider of financial, advisory, investment and funds management services. According to DirectMoney’s most recent quarterly report the platform held $8.49 million in loans at… Read More

February 11, 2016 @ 4:34 am By Erin Hobey  |  

Mumbai-based P2P lending fintech startup, Capzest, has raised $200K in seed funding from LionVentures, a seed investment and innovation platform founded by Anurag Mehrotra founder of LionVentures; Varun Dua, co-founder and CEO of Coverfox; Amit Tambe, former senior partner of Trilegal India and Vikas Jhunjhunwala, a Mumbai-based textile businessman reported VC Circle…. Read More

February 4, 2016 @ 5:03 am By Erin Hobey  |  

Fintech opportunities are percolating in southeast Asia. Earlier this week, the Silicon-based venture capital firm, Sequoia Capital, closed a $920 M fund capital to invest majorly in Indian startups along with South East Asian companies.  With the reserve bank actively studying peer lending, this part of the globe… Read More

December 22, 2015 @ 8:21 am By Erin Hobey  |  

It’s the most wonderful time of the year as Crowdfund Insider keeps tabs on global platforms as quarterly and year end reviews are announced. Just in, Arboribus, a leading Spanish P2P lending platform co-founded by Josep Nebot, released some highlights from 2015.  The platform has continued growing this year, and has… Read More

December 17, 2015 @ 1:27 pm By Samantha Hurst  |  

On Thursday, Queensland-based Auswide Bank announced it has offered $60 million in funding to peer-to-peer lender, MoneyPlace. MoneyPlace, which was launched in October, provides loans of $5000 to $35,000 through its P2P platform. The new partnership between Auswide and MoneyPlace will have a 5-year deal to fund up… Read More

December 10, 2015 @ 1:55 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform Lending Works released a new report that revealed a large proportion (27%) of its customers didn’t know how much interest they were paying on their debt before taking out a debt consolidation loan with the peer-to-peer lender. Of those respondents that were… Read More

December 8, 2015 @ 9:11 am By Samantha Hurst  |  

Income&, a marketplace investing platform based in San Francisco, announced on Tuesday that it has secured $2.9 million in combined seed funding and capital committed to support company operations. The company is the creator of PRIMO, a low-risk, superior-yielding fixed income product backed by high-quality,… Read More