Tagged: p2p lending

August 20, 2015 @ 12:20 pm By Erin Hobey  |  

Cloud Lending Solutions, an end-to-end lending solution built natively on salesforce.com, announced CL Originate, a next-generation online loan origination platform. CL Originate offers cloud-based loan origination and underwriting platform, designed to meet online lenders’ demand for automated and instantaneous loan processing and real-time complex document… Read More

August 14, 2015 @ 10:14 am By Erin Hobey  |  

AssetAvenue, a leading online lender for real estate investment properties, announced that Real Estate Forum has selected the company for its annual “Best of the Best” directory in the “lender and financial services” category. The directory is published by ALM and is available in the August 2015 issue… Read More

August 11, 2015 @ 1:13 am By Midori Yoshimura  |  

  While shares of Mogo Finance Technology Inc. have slid from $10 to $6 since the IPO–the company was the first Canadian online lender to go public–all is far from lost. After the $50-million IPO on June 25, Cormark research analysts Jeff Fenwick and Richard Tse believe the stock will… Read More

July 21, 2015 @ 1:28 pm By Erin Hobey  |  

Small business alternative lending company Merchant Cash and Capital (MCC) and its family of companies, including the newly launched Bizfi, announced the origination of more than $115 million in business financing in the second quarter of 2015. This represents a 79 percent increase from Q2 2014 and a more… Read More

June 21, 2015 @ 10:38 pm By Midori Yoshimura  |  

ThinCats Australia, among the latest peer-to-peer lenders to join the Australian market, is on the prowl for strategic investors as it prepares for a potential initial public offering, notes the Australian Financial Review. The FR writes, It’s understood ThinCats Australia, backed by UK-parent ThinCats, is in discussions with… Read More

June 17, 2015 @ 1:54 am By Midori Yoshimura  |  

HM Revenue and Customs (HMRC), the UK tax authority, will allow savers to hold peer-to-peer lending investment trusts in their Individual Savings Accounts (ISA), according to CityWire Money. The change will take effect July 1–in about two weeks. The move is part of the government’s alternative… Read More

June 3, 2015 @ 9:23 am By Erin Hobey  |  

P2P-Banking.com posted original research of loan originations for May on its site.  Zopa tops the list with 57M € in new loans, Ratesetter comes in second with 50.1 M €, Funding Circle in third with 47.3M € and LendInvest in a close fourth with 44.5 M €. Note the remarkable growth of new P2P… Read More

June 1, 2015 @ 9:15 am By Erin Hobey  |  

  “The technology Orchard builds connects hundreds of millions of dollars of institutional capital to a rapidly expanding number of originators across multiple asset classes. This ultimately touches borrowers in an efficient and transparent manner, which truly makes what we do “many to many.” Orchard… Read More

May 29, 2015 @ 9:19 am By JD Alois  |  

Harmoney, a peer to peer lending platform operating in New Zealand, has surpassed $50 million in loans via over $1.4 million in transactions according to a recent report.  Harmoney is quoted as claiming this makes their direct lending platform “the fastest growing peer-to-peer lending marketplace… Read More

May 29, 2015 @ 7:33 am By Midori Yoshimura  |  

  Skim the peer-to-peer lending headlines over the last few months, and Funding Circle is a regular part of the news cycle. This year alone, the 5-year-old company received a capital boost to the tune of $150 million (the equity funding round was led by DST Global with participation from Baillie Gifford,… Read More

May 28, 2015 @ 8:00 am By Erin Hobey  |  

Fresh from celebrating its two year birthday, Assetz Capital made another announcement: Assetz Capital, a British peer-to-peer lending platform exceeded its fundraising target of £2 million by raising funds from 731 investors through investment crowdfunding platform Seedrs. The firm, which specializes in providing loans to SMEs… Read More

May 28, 2015 @ 7:00 am By Erin Hobey  |  

LendKey Grand Slam: Hits 35,000 Customers, Expands Management Team, $8M venture debt line from Silicon Valley Bank and Raises Additional $125M Commitment From Network of Credit Unions LendKey, the Lending-as-a-Service platform that connects borrowers with credit unions and banks, today announced several key growth milestones. The… Read More

May 25, 2015 @ 10:37 pm By Midori Yoshimura  |  

2015 may be the year of the great British cherry, according to the UK’s Department for Environment, Food and Rural Affairs, but the trade body overseeing the UK peer-to-peer lending industry is getting ready to introduce a rule against allowing institutions to “cherry-pick” the most desirable loans at the expense… Read More

May 22, 2015 @ 10:03 am By Erin Hobey  |  

In a release by James Tuckett, Managing Director of investUP, he shares his about the  crowdfunding supermarket, investUP, a potential ISA for the crowdfunding industry and what this could mean for the current state of the crowdfunding market. Below please find his unabridged commentary:  The crowdISA… Read More

May 21, 2015 @ 2:54 am By Midori Yoshimura  |  

One of Israel’s largest banks, Bank Leumi, recently announced that it will launch a new peer-to-peer lending service, according to PandoDaily. Theirs may be the first planned launch of an entire new P2P service from a bank with international stature, notes the publication. Lemur would receive a fee… Read More

May 20, 2015 @ 3:01 am By Midori Yoshimura  |  

A New Zealand peer-to-peer lender recently dubbed the first P2P lender in the country to specialize in secured lending has delayed its launch, according to Interest.co.nz. The delay is due to the company, LendMe’s, planned talks aimed at forming an alliance with a New Zealand bank. LendMe founder… Read More

April 15, 2015 @ 9:03 am By Erin Hobey  |  

The Singapore-based peer-to-peer (P2P) lending platform Capital Match which targets Singapore SMEs obtain loans financed by individual investors has launched. The company stated that its are two-fold, to provide business borrowers with the next best interest rates after banks and to give investors access to an attractive yield… Read More

April 15, 2015 @ 2:00 am By Midori Yoshimura  |  

  OnDeck Capital, which offers short-term loans to businesses of between $5,000 and $250,000, and Prosper Marketplace, a peer-to-peer lending marketplace, today announced their new strategic partnership, according to a story in New York Business Journal. The partnership was made public at the LendIt financial tech conference… Read More

April 12, 2015 @ 4:44 pm By JD Alois  |  

CreditEase, a China based peer to peer lender and wealth management company, has partnered with US based Wellington Management to invest in pre-IPO stage companies, according to a report in the China Daily. The agreement is described as one where CreditEase will provide the capital… Read More

March 30, 2015 @ 9:38 am By Erin Hobey  |  

The investment in the peer-to-peer lender RateSetter, from veteran investment banker, Ken Costa, Woodford Investment Management and Artemis, places confidence in the nascent UK P2P and crowdfunding industry. Costa also led a £25m investment in the online-only challenger bank, Atom Bank, late last year. The £20… Read More