Tagged: p2p

TWINO Reports Net Profit of €5.8 Million for 2019

TWINO, a Latvia based peer to peer lender, is reporting €5.8 million in net profit for 2019. According to the company, TWINO Group earned €8.3 million in net income or a net profit of € 5.8 million “enhanced” by € 2.5 million  in “other comprehensive… Read More

UK based Marketplace Lender Growth Street Says All its Platform Investors to Get their Money Back, as Company Winds Down Operations

UK-based marketplace lender Growth Street revealed on Tuesday (January 12, 2020) that all of its platform investors would be getting their funds back, as the company continues to wind down its operations (while still being solvent).  Kim Goetzke, COO at Growth Street, noted that returning… Read More

Indonesian Peer-to-Peer Lender Alami Reportedly in Talks to Finalize More Than $10 Million Through Series A Funding Round Led By AC Ventures

ALAMI, an Indonesia-based peer-to-peer lender, has reportedly finalized more than $10 million through its Series A funding round. According to DealStreetAsia, the investment round was led by AC Ventures. Founded in 2017, ALAMI describes itself as a peer-to-peer finance platform that connects funders to SMEs. “We… Read More

How the Regulatory Framework for Crowdfunding Platforms in Southeast Asia will Benefit SMEs and Investors

Peer-to-peer (P2P) lending has come a long way since its early days as a casual crowdfunding platform. Today, individual borrowers and small and medium-sized enterprises (SMEs) can access loans without the hassle of going through banks and lengthy financial assessments. Still, P2P lending is a… Read More

RateSetter to Reportedly No Longer Process New Transfer-in ISAs Requests From Other Providers; No New IFISA Accounts Will be Opened for Existing Customers

  RateSetter, a leading UK based peer to peer lender, is reportedly telling investors that starting at the end of January 2021, it will no longer process any new transfer-in ISAs requests from other providers. According to P2PFinance News, the online lender stated it will… Read More

Robo.cash Reports €200 Million in Funded Loans

Peer to peer lending marketplace Robo.cash is reporting that it topped €200 million in funded loans during the month of December. In November, Robo.cash says it set a record of €9.2 million funded in a month. According to the company, during the summer investment volume… Read More

Samsung Invests in Funding Societies, a Marketplace Lending Platform

Funding Societies has received an investment from Samsung Venture Investment Corporation, according to a note from the Fintech.  Details on the investment were not disclosed. Samsung Venture is an investment arm of the South Korean conglomerate, Samsung Group, and has been an active investor in… Read More

How New P2P Regulations Make the Industry Safer for Investors in Southeast Asia

Digital lending platforms have made strong inroads in Southeast Asia over the past few years. In 2016 alone, peer-to-peer (P2P) business lending generated US$115.01 million—more than half of Southeast Asia’s total alternative financing market that year.  This growth can be attributed to a combination of… Read More

EstateGuru Targets Expansion in Germany, Opens Office in Berlin

Following a successful securities offering on Seedrs earlier this year where EstateGuru raised over €900,000, the Fintech has solidified its expansion into Germany – a country that has long been home to a good number of platform investors. EstateGuru was founded in Estonia in 2013… Read More

EstateGuru Works with Varengold Bank to Offer Property Backed Loans in Germany

EstateGuru, an Estonia-based peer to peer lender facilitating secured loans, has announced a partnership with Varengold Bank in Germany. According to a note from EstateGuru, the term sheet provides for a fronting agreement where Varengold will provide a regulatory umbrella for EstateGuru to provide an… Read More

Netherlands Top Debt Crowdfunding Platform Geldvoorelkaar.nl Forms Partnership with Debt Marketplace CrossLend

CrossLend and Dutch crowdfunding platform Geldvoorelkaar.nl have formed a partnership to fund peer to peer loans. Geldvoorelkaar.nl went live in 2010 as the first crowdfunding platform in the Netherlands. In 2019, Geldvoorelkaar.nl was recognized as the market leader in crowdfunding in its home country.  Geldvoorelkaar.nl… Read More

Linell Homes Limited Receives CBILS Funding From Assetz Capital, Resumes Construction in Wakefield

Linell Homes Limited (LHL) says it is resuming the construction of 10 residential dwellings close to Wakefield City Centre due to a £2.1 million CBILS loan provided by  Assetz Capital. LHL says it was compelled to pause construction due to the nationwide lockdown but the… Read More

Auxmoney: BNP Paribas Invests in €500 Million Worth of Loans

auxmoney, a marketplace lending platform that serves both private and institutional investors, is leveraging €500 Million from BNP Paribas to invest in loans originated on the marketplace. auxmoney said it is taking the next big step on its way to becoming one of the leading… Read More

Latvian P2P Lender Grupeer Claims It’s Still Working with Debt Collection Partners to Ensure Repayments

Latvia-based peer to peer (P2P) lender Grupeer noted on November 5, 2020, that it would like to inform its users about the different actions it has taken (as a company) to meet its obligations towards platform investors. Grupeer’s management stated in a blog post that… Read More

P2P Finance in Post COVID-19 France

How did the pandemic impact the P2P crowdfunding sector, the part of alternative fundraising financed exclusively by individual contributors and retail investors? To answer this question, the French crowdfunding association Financement Participatif France (FPF) together with the state bank, Banque des territoires commissioned a study…. Read More

Paxful Teams Up With Transfero to Introduce BRZ Token to P2P Bitcoin Marketplace

Paxful, a leading peer to peer (P2P) Bitcoin (BTC) marketplace, recently announced it has formed a strategic partnership with Transfero Swiss AG, the largest digital asset management firm in Latin America and the owner of Brazilian Digital Token (BRZ), a stablecoin pegged to Brazilian Real. According to Paxful,BRZ’s price… Read More

P2P Lender Robo.cash Claims it’s Been Successful During Current Crisis Because of Profits from 2019 and Working with Affiliated Loan Originators

A study recently performed by the European peer to peer (P2P) lending platform Robo.cash reveals that the main factors for its success during COVID were the profits it generated in 2019 and “work with affiliated loan originators.” Robo.cash claims that “remarkably, interest rates, funding volumes… Read More

Assetz Capital: “We are proud to bring the UK government into our shareholder base through the Future Fund”

Assetz Capital, a peer to peer lenders, says it has completed its securities offering on Seedrs that was matched by Future Fund money. In total, Assetz Capital raised £1.5 million with half of that amount coming from retail investors. The Future Fund is used for… Read More

EstateGuru Expands into Finland

EstateGuru, a European marketplace for property-backed loans, has announced an expansion into Finland beginning in October. EstateGuru is based in Tallinn, Estonia, but currently operates in multiple European countries including Latvia Lithuania, Germany, UK, Spain, and Portugal. Established in 2013, EstateGuru has originated loans for… Read More

China: WeiyangX Fintech Review

Cloud Computing PaaS Startup BoCloud Completes Series D Round of financing On September 17th, cloud computing PaaS [platform as a service] and multi-cloud management startup BoCloud announced the completion of its series D round of financing. The investment was provided by Guoxin Venture Capital, Xinhuan… Read More

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