Tagged: p2p

What’s Going on with Peer to Peer Lender Grupeer?

  A couple of months ago Grupeer, a peer to peer lender ostensibly based in Latvia, shut-down all lending and allegedly halted all investor redemptions. In multiple statements, Grupeer management claimed the COVID-19 pandemic had harmed its ability to operate. At the end of March,… Read More

Æternity Blockchain Debuts Peer-to-Peer Decentralized Social Sharing Platform

Æternity, a public, open-source blockchain protocol that enables a platform for next-generation decentralized applications and high scalability, announced on Thursday the launch of Superhero, a peer-to-peer social sharing project for tips, patronage, and sponsoring. The platform was notably development on the Æternity blockchain. According to… Read More

Local P2P Lender Folk2Folk Reports Biggest Pay Out Since Launch

Folk2Folk, a peer to peer lender that provides access to credit in local communities, says it paid out over £11.3 million in gross interest payments to investors during the financial year 2019. The company says 2019 was its biggest pay-out to date. The average fixed… Read More

Indonesian P2P Lender KoinWorks Secures $10 Million Additional Funding From UK Lending Platform Lendable

KoinWorks, an Indonesia-based P2P lender, has reportedly secured $10 million in additional funding from UK lending platform Lendable. Founded in 2015, KoinWorks claims to be the leading P2P Fintech Lending in Indonesia and the first Indonesian P2P Lending company to be registered, as well as… Read More

P2P Lender Twino Launches Social Fundraising Initiative in Response to COVID-19

  Peer to peer lender Twino has announced a new social investment instrument engendered by the COVID-19 pandemic. The Riga based Fintech said the first social project will be in collaboration with Latvia’s Children’s Clinical University Hospital (CCUH), to facilitate convenient and safe remote consultations for… Read More

EstateGuru Opens £2 Million Crowdfunding Round on Seedrs, Quickly Tops Minimum Hurdle

EstateGuru, an online marketplace for loans secured by property, has quickly topped its minimum crowdfunding hurdle on Seedrs. EstateGuru set a minimum raise of €350,000 but as of today, the Fintech has raised over €483,000 from 548 individual investors. EstateGuru is hoping to raise €2… Read More

Peer to Peer Lending Report: Majority of Investors Remain Optimistic During COVID-19 Crisis

  Mintos, a top marketplace for debt investors in Europe, has recently conducted research amongst their audience seeking to gain insight into the impact of the COVID-19 pandemic. According to Mintos, the majority of crowdlending investors (65%) remain optimistic even in light of the ongoing… Read More

Mike Carter Appointed to Lead 36H Group, the P2P Lending Arm of Innovate Finance

Innovate Finance, the top Fintech advocacy group in the UK, has appointed Mike Carter as Head of Platform Lending to lead 36H Group. “I’m delighted to be appointed to this new role to promote the platform lending sector. To date, the sector has delivered steady… Read More

Folk2Folk Reports Positive Net Income

Folk2Folk, a unique localized peer to peer lending company, is reporting a profit for the first time of £198,000 for the financial year of February 2019 to January 2020, according to a company release. In the previous period, Folk2Folk generated a £535,000 loss. Full audited… Read More

P2P Lending Platform Grupeer Says it May Take Up to 2 Years to Stabilize After COVID-19 Pandemic

  Earlier this month, Latvia-based peer to peer lender Grupeer announced it was pausing operations due to the COVID-19 pandemic. In a blog post, Grupeer founder Alla Kiska stated said that the Coronavirus had compelled the platform to halt operations as before and told investors… Read More

Robo.cash Says 52.8% of P2P Investors Have No Preference with Regard Platform’s Business Model Regarding Originations

Peer to peer platform Robo.cash says that 42.8% of P2P investors are “more confident” in platforms originating own loans while 52.8% of surveyed have no preference with regard to the platform’s business model. 4.4% prioritize marketplaces that deal with third-party loan originators, IE aggregators. Robo.cash… Read More

Doubling in Size Since 2014, EstateGuru Plans Crowdfunding Round on Seedrs

EstateGuru is a peer to peer lender based in Estonia that has grown to over 46,000 investors from 106 countries originating more than €200 million in loans to date. The debt-based crowdfunding platform is now preparing to raise capital via Seedrs – and the offering… Read More

UK Property Market May See a Double-Digit Rate of Property Value Decline: Report

Peer to peer lender Sourced Capital is out with a release claiming the UK property market could experience a double-digit rate of decline for property values.  A recovery may take up to 5 years, according to the report. The company says the once-hot market has… Read More

In 2019, 53% of Robo.cash Investors Said P2P Loans are Most Profitable Assets

Peer to peer lending platform Robo.cash has distributed the results of a survey of European P2P investors inquiring about their financial results in 2019. Robo.cash reports that over half (52.8%) of the participants said that the alternative lending brought them the highest returns during 2019…. Read More

Q1: EstateGuru Reports 2X Investor Base Increase and Growth in Loan Origination Amounts

EstateGuru, a European marketplace for property-backed loans to SMEs, is reporting a solid first quarter – even while the COVID-19 pandemic emerged in the latter half of the period. EstateGuru claims that 8092 new investors joined the platform during Q1 in contrast to 3927 during… Read More

Prosper Adds Cautionary Note on COVID-19 in Latest 10K

Prosper, a marketplace lending platform providing consumer credit as well as HELOCs, filed its most recent 10K late last month. At the time, the COVID-19 pandemic in the US was picking up pace. As is typical of these filings for all companies, Prosper included a… Read More

Fintech Zopa Reveals that Most Experts Say Consumer Lending Performance will be Less Volatile than Property Development, Business Lending During Coronavirus Crisis

Fintech Zopa, which provides online lending services in a fund based fashion, notes that during these challenging times, the company has noticed how peer-to-peer (P2P) platforms have taken varied approaches to mitigate the disruption caused by the Coronavirus (COVID-19) outbreak. The Zopa team explains that… Read More

Due to COVID-19, LendingClub Will No Longer Offer Grade D Loans

LendingClub (NYSE:LC) has filed a new form with the Securities and Exchange Commission (SEC). The Form “FWP” states that LendingClub has suspended the facilitation of new D Grade loans as of April 10, 2020, due to the COVID-19 pandemic. Recently, LendingClub has taken measures to… Read More

Peer to Peer Lender Assetz Capital Says Investors Back Borrower Relief with 3 Month Extension

Assetz Capital, a peer to peer lending marketplace, held a vote of platform investors on providing forbearance to borrowers during the COVID-19 pandemic. Assetz Capital reports that investors have “overwhelmingly” voted to provide relief and to extend loans for an initial three months, where needed…. Read More

Online Lender TWINO Applies for Investment Brokerage License

Peer to peer lending platform TWINO is the latest online lender planning to expand its portfolio of services offered to its customers. According to a release, TWINO has applied for an investment brokerage license in Latvia. It was not immediately clear which additional services the… Read More

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