Tagged: p2p

Community Digital Bank and Alternative Investment Platform Fagura Raises €780,000 on Seedrs

Fagura, a Fintech that aims to become the “first community digital bank in CEE for anyone to borrow, invest and transfer money,” has raised over €786,000 on Seedrs. According to the offering page, 287 investors backed the firm, which easily topped its €400,000 initial funding… Read More

European P2P Market Growth Expected to Slow Down in 2023: Report

The European P2P market is expected to lower its growth in 2023 “as financial institutions grapple with inflation,” according to an update from Robo.cash. Robocash analysts see several possible scenarios for the European P2P market development in 2023. The baseline scenario “implies that the market… Read More

P2P Lending: Assetz Capital Exits Retail Segment, Only Institutional Money Going Forward

Assetz Capital will exit its retail business and emerge as a lending platform completely funded by institutional money, according to an update posted on the company’s website. For observers of the peer-to-peer lending industry, the decision should come as no surprise. Assetz Capital has been… Read More

SaveLend Reports Results of Option Redemption

SaveLend Group AB, a savings platform for savers to generate yield through credit, such as SME, real estate, consumer credit, and factoring in both SEK and EUR, has announced the outcome of the option redemption. According to a statement by SaveLend,  the company has received… Read More

Mozzeno, a Belgian Peer to Peer Lender, Reports Topping €100 Million in Loans

Mozzeno, a peer-to-peer lending platform based in Belgium, has surpassed €100 million in individual loans, according to a blog post. Mozzeno raised €465,000 in pre-seed funding in 2016 and went on to originate its first loan the following year. Mozzeno celebrated its 5-year anniversary in… Read More

Proplend, an Investment Platform for Commercial Property Loans, Appoints New Chairman of the Board

Proplend, an online lending platform that allows individual investors to partiipate in commercial property loans, has appointed a new Chairman of the Board. According to a note from Proplend, Jason Oakley is the new Chair. Oakley was most recently the Managing Director of Metro Bank…. Read More

P2P Lending Is Quite Widespread, But Can Grow Further Across Global Financial Markets: Report

The population’s need for affordable non-bank loans due to a low credit rating or its absence, difficulties with the registration process, etc. could be “the main driver of the American P2P market,” according to an update from Robo.cash. The national specifics are also very clearly… Read More

NASAA Adopts Statement of Policy on Peer to Peer Lending

The North American Securities Administrators Association (NASAA) has announced a new Statement of Policy regarding peer-to-peer lending (P2P Lending) adopted during its annual Fall Meeting in Nashville. P2P lending is the act of individual investors providing capital to a borrower – either for a single… Read More

Estateguru Signs Agreement with Czech Investment Bank J&T Banka, Pursues Institutional Money

Estateguru, a European online investment platform providing secured loans for SMEs financed by both private and institutional investors, has signed an agreement with Czech Investment Bank J&T Banka. According to a company statement, Bank J&T Banka will offer managed accounts to provide access to the… Read More

P2P Investments Generated Substantial Returns in 2022, while Crypto Recorded Largest Decline: Report

Economic uncertainty, which peaked in the first half of 2022, “challenged investors to reconsider finance instruments in terms of risk-reward ratio,” according to an update from Robo.cash. The analysts at Robo.cash recently commented on “popular” assets and how they have been performing since the beginning… Read More

VIAINVEST Enlists IDenfy to Power KYC, ID Verification Service

VIAINVEST, a peer-to-peer lending platform licensed and supervised by the Financial and Capital Market Commission in Latvia, has enlisted the assistance of iDenfy to provide ID verification and anti-fraud sevices. iDenfy ensures AML and KYC compliance for both large and smaller firms. VIAINVEST believes that… Read More

Decentralized Communication Platform Satellite IM Finalizes $10.5M Round

Satellite IM, a fully decentralized peer-to-peer communications platform, has successfully closed $10.5 million in its seed funding round “led by Multicoin Venture Fund and Framework Ventures.” The investment round also “saw participation from prominent institutional venture investors including Hashed Venture Fund, IDEO CoLab, Solana Ventures,… Read More

NXP, ING, Samsung to Pilot UWB-Based P2P Payment App

NXP Semiconductors (NASDAQ: NXPI) announced that it is working cooperatively with ING Bank N.V. on Project NEAR, which is ING’s pilot of the industry’s “first” UWB-based peer-to-peer payment app. The pilot program will “leverage UWB-enabled Samsung Galaxy smartphones1 to allow consumers to directly share money… Read More

Croatian Lender Robo.cash Provides Update on RC Riga Singapore

The team at Robo.cash noted that they will continue updating clients on the work of platform originators in 2022. RC Riga Singapore started the year confidently, “having significantly increased its loan portfolio.” Here are some key points shared by the Robocash team: 78% of loans… Read More

P2P Consumer Lending Platforms Are “Most Stable” in their Growth, Robo.cash Report Claims

P2P consumer lending platforms are the “most stable” in their growth, while the business segment is “increasing faster than the others,” the team at Croatian lender Robo.cash claims. Geographically, sustainable development is “mainly shown” by Croatian and Italian platforms, the Robo.cash writes in a blog… Read More

Impervious.ai Finalizes Seed Round to Develop the P2P Internet Standard

Impervious Technologies Inc. is pleased to confirm the close of their seed financing round, with participation from Bitcoin and privacy-focused investors including CoinShares, NYDIG, Trammell Venture Partners, Fundamental Labs, Strategic Cyber Ventures, TEN-31 and others “to scale the Peer-to-Peer (P2P) internet standard.” As noted in… Read More

P2P SME Lender FOLK2FOLK Reports Solid Year for IFISA Activity

FOLK2FOLK, an SME lender that matches investors with borrowers, is reporting a “record year” for its Innovative Finance ISA (IFISA) for the tax year 2021/22, sharing that the company received 44% more ISA funds than in the previous year. FOLK2FOLK states that it has seen… Read More

North American Securities Administrators Association Targets Peer to Peer Lending Platforms

The North American Securities Administrators Association (NASAA) is scrutinizing peer-to-peer lending. NASAA is the association and lobbying group that represents state and provincial regulators in North America. NASAA has issued a proposal on P2P lending and is seeking public comment on the Statement of Policy… Read More

Intermediation of New P2P Loans, Crowdfunded Loans on Fellow Finance Platform to End

Fellow Finance‘s general meeting has on 22 December 2021 approved the merger of Fellow Finance into Evli Bank Plc “in accordance with the merger plan signed on 30 September 2021.” The planned effective date of the merger “is on or about 2 April 2022.” The… Read More

Online Lending Marketplace Robo.cash Launches in Sri Lanka

Peer-to-peer lending platform Robo.cash has announced the launch in Sri Lanka with new commercial loans. Operating under  Robocash Group in Sri Lanka, the online lending platform now allows users to invest in loans for a period of 3 years at 12.5% with monthly interest payments,… Read More

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