Tagged: p2p

Indonesian P2P Fintech Startup Modalku Becomes Fully Registered With the OJK

Modalku, an Indonesia-based peer-to-peer lending fintech startup, announced this week it is now fully registered with the Otoritas Jasa Keuangan (OJK). Founded in 2016, Modalku describes itself as an online marketplace for small businesses to acquire loans and for lenders to fund small business loans to… Read More

Relendex’s Secondary Trading Platform Tops £1 Million

Relendex, a secured peer to peer lending platform, has announced that its secondary market trading has surpassed the £1 million mark. Specific details on the number or size of trades was not provided. Relendex lists loans secured by both residential and commercial property. Lenders are… Read More

Zopa Announcement: IFISA Is Now Available to Existing Customers

Zopa announced on Thursday its IFISA is now available for all existing Zopa customers. Along with the IFISA, the online lender unveiled its latest peer-to-peer investment product, Zopa Core. While sharing details about the IFISA, Zopa revealed: “It’s here! From today, existing investors can subscribe… Read More

RateSetter Update: Decides to Not Go Ahead With George Banco Partnership

Last month, RateSetter announced it was entering a partnership with George Banco and acquiring an equity stake in the personal loan provider company. Unfortunately, RateSetter revealed earlier this month that it has decided to pull out of the partnership after all. As previously reported, George Banco… Read More

Former Natwest Exec Joins Thincats

Former Natwest executive John Brooks is the latest hire to join ThinCats, a leader in the alternative lending industry. Brooks spent 42 years working with UK businesses at Natwest – 30 years of which he spent working within different areas of the SME market. In… Read More

Beehive Signs MOU with Mohammad Bin Rashid Fund to Provide SME Loans

Dubai based peer to peer lender Beehive has signed a memorandum of understanding (MOU) with the Mohammad Bin Rashid Fund (MBRF), part of the Dubai Ministry of Finance. The collaboration will see MBRF act as the guarantor for credit of up to Dh500,000 for SME loans… Read More

Relendex Completes Rights Issue & Funding Round

Relendex Limited, a peer to peer lender in the commercial and residential real estate sector, has announced the completion of a rights issue and a new round of financing from new investors. The company said the proceeds will be used to allow further investments in new… Read More

UK Alternative Lender Growth Street Celebrates 1,000+ Investors and Counting

Founded in late 2016, UK alternative lender Growth Street has announced that over 1000 investors have signed up to lend to profitable UK small businesses through its platform. Independent P2P rating service 4thWay has ranked Growth Street as one of the lowest-risk platforms in the UK… Read More

Folk2Folk Announces Multiple New Hires as Part of National Expansion Plans

Specialist business peer to peer lending platform Folk2Folk has hired a new Chief Marketing Officer (CMO) and four Business Development Managers (BDM). Folk2Folk specializes in secured loans for businesses across the UK. The platform matches local businesses looking for finance with investors looking for a great… Read More

Assetz Capital Announces New Investment Account Secured by Property

New account has a capped target return of 5.50% gross per annum. P2P lender Assetz Capital has announced a new investment account, or “Property Secured Investment Account,” that is designed to allow individuals to invest automatically in property-backed loans. Assetz Capital said these loans will… Read More

Zopa Establishes Development Center in Barcelona

Peer to peer lender Zopa has established a development center in Barcelona, Spain. The new tech hub is said to initially focus on building the platform that will launch the next generation digital bank.  This will include deposit systems, credit card processing, payment gateways and… Read More

P2P Lender Amartha Receives Regulatory Approval from Indonesian Financial Services Authority

Jakarta based Amartha (PT Amartha Micro Fintek) a peer to peer lending platform launched in 2010, is now officially registered with the Directorate of Institutional and Product IKNB (Financial Industry Non Bank) Financial Services Authority ( FSA). Amartha said the approval by the financial regulators… Read More

Assetz Capital Continues Regional Strategy with Manchester Hire

Assetz Capital, a fast growing peer-to-peer finance platform, has hired Samantha Williamson has joined its expanding Regional Relationship Director team. Assetz Capital has recently been adding regional hires to have boots on the ground to interact with customers. Williamson will cover the South Manchester region,… Read More

ThinCats Appoints Samantha Gray as General Counsel

Online lender ThinCats has announced the appointment of Samantha Gray as General Counsel. Gray has over 16 years experience in the legal profession having worked as a Partner at Langley Solicitors LLP and heading up their Finance Law Unit which covered financial services, banking, insolvency… Read More

P2P Lender Wellesley Retrenches After Departure of CFO Alasdair Lenman

Wellesley has entered a period of retrenchment as CFO Alasdair Lenman has departed the company after less than a year on the job. The Wellesley Group consists of Wellesley & Co Ltd, Wellesley Finance Plc and Wellesley Group Investors Ltd. The peer to peer lender made several announcement’s last… Read More

Rebuildingsociety.com Offers Other Platforms Option to Leverage their FCA Authorization as Appointed Representative

Rebuildingsociety.com, a peer to peer lender for UK SMEs, received full FCA Authorisation in February of this year after a “long journey”. The platform had applied for full authorisation in November 2014.  Rebuildingsociety is now offering companies the opportunity to collaborate with them as Appointed… Read More

Lendix’s Multilocal Expansion and its Raison d’être: An Interview with Grégoire de Lestapis, CEO of Lendix Spain

Gregoire de Lestapis has left traditional banking, most recently the direction of BBVA France, for the world of fintech entrepreneurship. In 2016, he joined Lendix, the French SME lending group, as head of its Spanish subsidiary and member of the executive team. In this interview,… Read More

Banco BNI Europa Partners with P2P Lender Raize with €10 Million Lending for SMEs

Banco BNI Europa, a Lisbon based digital only banking group, has announced a strategic agreement with Raize, Portugals largest peer to peer lender. Banco BNI Europa will invest €10 million to boost SME lending via Raize over the next two years. The announcement by the… Read More

Secured P2P Lender Silver Bullion Reports Topping S$30 Million in Loans

Silver Bullion reports it has now facilitated S$30 million in peer to peer loans secured by precious metals like gold and silver. The Singapore-based platform expects to pay out S$1 million in interest as the loans mature. Lenders are receiving an average return of 3.83%… Read More

Zopa to Launch Innovative Finance ISA in June. Other Investment Options Updated

Zopa has announced that it will launch its Innovative Finance ISAs or IFSA in June pending HMRC approval. Zopa believes demand for the new ISA will be high and said it will give priority access to existing customers. In advance of the IFISA, Zopa is… Read More