Tagged: p2p

P2P Lender Hexindai Names Citi As Depositary Bank for American Depositary Receipt Program

On Wednesday, Chinese peer-to-peer (P2P) lending platform Hexindai announced it has appointed Citi’s Issuer Services business as the depositary bank for its American Depositary Receipt (ADR) program. According to the online lender, the program was established through an initial public offering of its American Depositary Shares (ADSs), priced… Read More

Online Lender Lendix Launches Flexible SME Bridge Loans in France, Spain & Italy

Lendix, online lender for SMEs in continental Europe, has announced the launch of a new financing product: the Flexible Bridge Loan. This product is designed to will allow a greater number of French, Spanish and Italian SMEs to benefit from the speed of execution of… Read More

Prosper Releases Third Quarter 2017 Results: Loan Originations Up 164% Year-Over-Year

On Monday, leading peer-to-peer lending platform for consumer loans, Prosper, reported growth in both transaction revenue and loan originations for the third quarter of 2017. The online lender claimed that the continued demand for personal loan product resulted in $822 million in loan originations through its… Read More

PPDAI IPOs at $13 Share

Chinese online lender PPDAI traded on the NYSE under ticker PPDF today after pricing shares at $13 each for their initial public offering. The IPO raised $221 million for the peer to peer lending platform with Credit Suisse and Citi acting as lead managers.  PPDAI… Read More

Online Lender Fincera Announces 2 For 1 Stock Split

Fincera (OTCQB:YUANF) , a China based peer to peer online lender targeting small and medium-sized businesses and individuals in China, has announced that its Board of Directors has approved a 2 for 1 stock split of the Fincera’s outstanding shares of common stock in the… Read More

Securities Commission Malaysia: Equity Crowdfunding, P2P Lending & DLT Gaining Traction as it Embraces Digital Innovation

Securities Commission Malaysia (SC) says it continues to lead digital innovation in finance with significant progress reported on major Fintech markets initiatives. At its flagship Fintech event, SCxSC Digital Finance Conference 2017, SC Chairman Tan Sri Ranjit Ajit Singh in his speech delivered to attendees… Read More

China: WeiyangX Fintech Review

China is Reported to Shut Down Illegal Cash Loan Platforms Bloomberg, citing sources close to the situation, reported that regulators in China has started to consider strengthening supervisions towards cash loan platforms, with high probability of shutting down illegal ones. This round of inspections will… Read More

Lendy Update: Breaks Previous Monthly Loan Repayment Record; Recovers £20 Million in October 2017

UK-based peer-to-peer property platform Lendy announced on Thursday it has broken all previous records for loan repayments generated in any one month, recovering £20 million in total in October 2017 alone. The online lender reported that this exceeds its previous September 2016 high of £14.5 million. The… Read More

Assetz Capital Returns to Equity Crowdfunding Platform Seedrs For More Growth Funds

Less than two and a half years after successfully raising more than £3.2 million through its Seedrs campaign, peer-to-peer lending platform Assetz Capital has returned to the equity crowdfunding platform to raise more growth funds. The news of Assetz Capital’s latest funding round comes just after… Read More

Latvian P2P Platform DoFinance Now Available for Investments from Legal Entities

On Tuesday, Latvian peer-to-peer lending platform DoFinance announced it is now available for investments from legal entities. According to the online lender, it is already offering investment options for individuals and is operating in both European and Asian markets. According to DoFinance, for both individuals… Read More

Crowd Genie Launches Genie Shield Provision Fund to Protect Investors

Singapore-based crowdfunding platform Crowd Genie has announced the launch of a provision fund entitled GenieShield. This new fund is geared towards providing investors better protection against delays and potential defaults in loan repayments. Crowd Genie reports the fund will be managed by a Singapore-registered Trust… Read More

P2P Lender Assetz Capital Reports Profit for 6 Month Period

Assetz Capital, a peer to peer lending platform that received full FCA authorization in September, has reported a profit bore the first 6 months of the fiscal year. Without providing specific details, Assetz Capital said they record a “seven figure pre-tax profit, in the period… Read More

SocietyOne Takes On Comprehensive Credit Reporting Role in Australia

Marketplace lender SocietyOne announced on Monday it is set to provide positive consumer credit information to credit bureaus as part of the move to establish a fully-fledged comprehensive credit reporting (CCR) regime in the country of Australia. The online lender stated it will start sending… Read More

Quantuma Joins UK Peer to Peer Finance Association

Quantuma, a corporate recovery and business advisory firm that works with several peer-to-peer lending platforms, has joined the UK Peer to Peer Finance Association (P2PFA). Earlier this year, the P2PFA announced the creation of Associate Members to broaden its membership beyond strict lending platforms. At… Read More

WishFinance Announces Global Expansion of Blockchain Platform

Singapore-based WishFinance announced on Wednesday the global expansion of its blockchain platform. According to the company, this decision was widely applauded by investors who put into the project during the token pre-sale campaign from October 15th to October 25th.  As previously reported, WishFinance has issued more… Read More

RateSetter Teams Up With Experian to Help Businesses Invest & Grow

Peer-to-peer lending platform RateSetter announced on Friday it has formed a partnership with Experian to help businesses both invest and grow. The online lender revealed that the new collaboration with Experian is now providing credit reference data and analytical services, which ensure that RateSetter continues… Read More

PeerStreet Announces New Affiliate Blogger Program

Marketplace lending platform PeerStreet announced on Monday the launch of its new affiliate blogger program. According to PeerStreet, the newly launched program will allow the lender to partner with the personal finance community to better serve both current and future investors. While sharing more details about… Read More

ThinCats Expands in Midlands By Appointing Ravi Bagri As New Origination Manager

Peer-to-peer lending platform ThinCats announced on Friday it has appointed Ravi Bagri as its new Origination Manager, who will cover the Midlands region. According to the online lender, Bagri is considered one of the most well-established names in the Midlands finance sector and has nearly 30… Read More

SoFi Announces Entrepreneur Program 2.0

Online lending platform SoFi recently announced the launch of its Entrepreneur Program 2.0. The company reported that original program was launched four years ago and since then has helped four classes of 70 companies founded by the lender’s members to get off the ground with its… Read More

LendingClub Adds Warehouse Credit Agreement to Finance Loans

LendingClub (NYSE:LC) has filed an 8K with the Securities and Exchange Commission indicating it has entered into a Warehouse Credit Agreement on October 10th with “certain lenders.” In connection with the Warehouse Agreement, “LendingClub Warehouse” also entered into a Security Agreement with the Administrative Agent… Read More