September 20, 2018 @ 9:00 am By Erin Hobey  |  

Groundfloor, a direct real estate investment platform, has reaped in an additional $4.2 million in its recent IPO. The total reportedly secured for the 2017-18 campaign to $6.2 million (1) from 2,304 investors and the company’s total fundraising to $13.8M. “The offering was very well-received… Read More

September 19, 2018 @ 11:00 pm By JD Alois  |  

Earlier today, China based X Financial (NYSE:FXE) traded on the New York Stock Exchange (NYSE) in its initial public offering raising approximately $104.5 million as 11 million shares were floated at $9.50/share. The shares quickly jumped higher in early trading and eventually closed about 25%… Read More

September 19, 2018 @ 12:25 pm By JD Alois  |  

Chinese peer to peer lending platform X Financial (NYSE: XYF) completed its initial public offering (IPO) today trading shares on the New York Stock Exchange. Deutsche Bank Securities Inc. and Morgan Stanley & Co. were joint book runners on the IPO. The IPO saw the Class… Read More

September 18, 2018 @ 9:36 am By Samantha Hurst  |  

Just days before its latest Seedrs funding round is set to close, Crowdstacker, a UK-based peer-to-peer lending platform, has successfully secured its initial 800,000 funding target from nearly 350 investors. As previously reported, Crowdstacker was founded in 2014 and describes itself as an award-winning FCA regulated online… Read More

September 6, 2018 @ 9:00 am By Samantha Hurst  |  

UK-based peer-to-peer lending platform Welendus announced on Thursday the launch of an industry-first; it’s HMRC-approved Innovative Finance ISA (IFISA), which is set to allow investors to invest their annual ISA allowance in a flexible high return investment product, with no income tax on the interest… Read More

September 5, 2018 @ 3:03 pm By Samantha Hurst  |  

Peer to peer property lender CrowdProperty announced on Wednesday it not only funded the 47th project, it also surpassed £20 million in funding for the property projects on its platform. The online lender revealed has a 100% track record in repaying lenders’ capital and interest. Across 23 projects,… Read More

September 3, 2018 @ 7:32 am By JD Alois  |  

The long rumored initial public offering (IPO) of UK based Funding Circle appears to be on track and moving forward with a listing on the London Stock Exchange later this year. In a blog post today, Funding Circle stated; “Today we have announced the next… Read More

September 2, 2018 @ 8:43 pm By Samantha Hurst  |  

Just a couple weeks after launching its latest equity crowdfunding campaign on Seedrs, short-term peer-to-peer lending platform Welendus has now secured nearly 1 million from more than 400 investors.  As previously reported, Welendus was founded in 2015 with a mission to redefine the short-term lending market by launching… Read More

September 2, 2018 @ 10:56 am By Xu Gao  |  

Xiaomi Intends to Set Up a Virtual Bank According to a report from HKEJ on August 20, the Fintech branch of Xiaomi Group – Insight Technology (Dongjian Keji)- is intending to apply for a Hong Kong virtual banking license, hoping to submit documents before the end… Read More

August 27, 2018 @ 4:25 pm By Samantha Hurst  |  

Irish peer-to-peer lender Flender has reportedly raised €10 million through its latest funding round to lend to small and medium-sized enterprises (SMEs). Flender, which was launched in early 2017,  is authorized and regulated by the Financial Conduct Authority under Registration Number 657861. The online lender is now on a… Read More

August 27, 2018 @ 2:59 pm By Samantha Hurst  |  

Crowdstacker, a UK-based peer-to-peer (P2P) lending platform, recently announced it has exceeded £50 million in funds raised for UK businesses that are featured on its portal. According to the online lender, 100% of the P2P lending funds raised for British businesses through Crowdstacker has come directly… Read More

August 27, 2018 @ 1:49 pm By Samantha Hurst  |  

Propifi, an upcoming UK-based peer-to-peer (P2P) property crowdfunding platform, has successfully secured its initial £250,000 funding target through its Crowdcube equity crowdfunding round. The campaign has so far attracted more than 300 investors. As previously reported, Propifi is on a mission to provide a new, easy… Read More

August 23, 2018 @ 8:25 am By Samantha Hurst  |  

UK-based peer-to-peer lender Proplend recently announced the launch of its new Tranche A auto-lend facility, which allows Lenders that are participating on the property lending platform to now have an automated investing option that allocates their available cash to eligible loan parts. The facility also… Read More

August 17, 2018 @ 4:45 pm By JD Alois  |  

LendingClub (NYSE:LC) issued a Form S-8 today which was filed with the Securities and Exchange Commission. The filing is related to a registration statement for the issuance of up to 30,365,114 shares of common stock in the online lending firm. According to LendingClub, the issuance… Read More

August 13, 2018 @ 10:22 pm By JD Alois  |  

Singapore based Funding Societies, a leading peer-to-peer (P2P) lending platform in Southeast Asia, has topped S$ 200 million mark in total crowdfunded SME loans. Funding Societies notes that this accomplishment arrives just 6 months after crossing S$ 100 million in January of this year. The… Read More

August 11, 2018 @ 11:16 am By JD Alois  |  

Ning Tang, founder and CEO of CreditEase – a huge Chinese Fintech that started as just a peer to peer lending platform, recently spoke to Bloomberg in Asia. CreditEase is also the majority shareholder of US listed online lender Yirendai (NYSE:YRD) Tang provided an interesting… Read More

August 10, 2018 @ 8:51 am By Samantha Hurst  |  

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Friday it has further strengthened its risk control system to better protect investors throughout the entire process of borrower acquisition, risk-based pricing, post-loan management, and default risk coverage through its new comprehensive, stable and efficient asset… Read More

August 8, 2018 @ 8:52 pm By JD Alois  |  

There has been an ongoing debate regarding the benefits of marketplace lending when it comes to consumer loans.  A Federal Reserve study hammered peer to peer lending (ie marketplace lending) in late 2017 only to see the study pulled as industry advocates highlighted shortcomings in… Read More

August 7, 2018 @ 4:22 pm By JD Alois  |  

LendingClub (NYSE:LC) is out with numbers for the second quarter of 2018 ending in June. According to a release, LendingClub delivered the following results: Record net revenue of $177.0 million, up 27% year-over-year Record originations of $2.8 billion, up 31% year-over-year Improved Contribution Margin to… Read More

August 6, 2018 @ 3:22 pm By Samantha Hurst  |  

Linked Finance, an Ireland-based peer-to-peer lending platform, recently announced it facilitated more than €10.1 million to Irish SMEs during the second quarter of 2018, which ended in June. The lender reported the second quarter success follows a strong start to the year, with totaling lending for… Read More