Peer to peer platform Robo.cash has published a report indicating growing interest from Germany regarding P2P lending. In a study conducted by the platform, the company said that in 2015 the monthly number of requests related to P2P lending in the country was less than… Read More
The UK Peer to Peer Finance Association (P2PFA) is reporting a record number of both borrowers and investors engaged in the peer to peer lending industry. According to the P2PFA, 150,000+ lenders invested in 321,483 loans during Q2 of 2019. During the three-month period from… Read More
creditshelf Aktiengesellschaft has signed a purchase agreement for the acquisition of all shares in Valendo – part of the finleap Fintech ecosystem. According to a company release, the purchase price was in the “low seven-digit amount.” Payment will take place in two separate tranches. creditshelf… Read More
The Asian Development Bank (ADB), which aims to support social and economic development in Asia, has published a working paper series in which it noted the intention to make investments in decentralized lending platforms in Malaysia is primarily driven by “trust.” The paper points out… Read More
Canada’s first peer to peer lending platform for SMEs, Lending Loop, has topped CDN $50 million in loans, according to a post by Brendon Vlaar, co-founder and CTO of the company. Lending Loop provides investment opportunities in debt-based securities to both accredited and non-accredited investors…. Read More
Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Tuesday its support for the decision by industry regulators to include the country’s P2P platforms in the central bank’s credit system. The online lender reported that it believes this as a positive move for the P2P… Read More
China to Include P2P lending Industry into Credit System On September 2nd, the special working group for Fintech risk ratification and special working group for online lending administration jointly issued a notice, requiring all p2p lending institutions to be connected to the credit system established… Read More
Peer to peer lender Robo.Cash says that beyond loans denominated in Euros, European investors are expressing interest in Ruble denominated loans. This comes at a time when the Ruble has risen against the Euro by 9%. Robo.Cash states that in a survey conducted on the… Read More
Funding Societies, one of the largest peer-to-peer (P2P) lending platforms in Southeast Asia, has revamped its executive team with new hires. Funding Societies provides access to capital to SMEs crowdfunded by both institutional and individual investors. To date, Funding Societies reports over S$ 800 million… Read More
UK-based peer-to-peer lender RateSetter announced on Tuesday the launch of its new investment products. The lending platform reported that its goal is to deliver the most consistent returns and the most liquid investment in peer-to-peer investing. RateSetter noted that its delivery of consistent returns is… Read More
Folk2Folk, a peer-to-peer lender for local, rural and SME businesses, has now surpassed £300 million in lending, according to a company release. Folk2Folk notes that it is the 3rd largest P2P Lender to UK businesses in terms of money lent. Folk2Folk has a unique local… Read More
Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it has made some changes to its management team. Hexindai reported that Johnson Qisen Zhang, the online lender’s CFO, has departed from the company and Kerrie Rui Zhang has replaced Johnson as Hexindai’s new CFO. … Read More
Peer to peer property investment platform the House Crowd is crowdfunding on Seedrs. Founded in 2012, the House Crowd explains that it has evolved from an FCA regulated P2P platform in the buy to let space to doing multi-million-pound property developments. The House Crowd states:… Read More
Robo.cash, a consumer lender that operates in several European countries as well as Southeast Asia, reports that interest in peer to peer lending in Eastern Europe is increasing. Company analysts claim that the search activity associated with P2P lending in Europe indicates a relative popularity… Read More
Australasia’s peer-to-peer lending marketplace Harmoney recently announced it has appointed David Stevens as its new CEO. Harmoney reported that Stevens steps into the CEO role in early 2020. The lender’s founder and current CEO Neil Roberts will step away to focus on strategy and product… Read More
Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced last week its invested Indonesian online lending platform, Musketeer Group, Inc. (Musketeer) has completed registration for its peer-to-peer lending platform with the Indonesian Financial Services Authority (OJK). Hexindai notably acquired a 20% equity stake in Musketeer in… Read More
Mintos, an online marketplace that aggregates 65 lending companies, is reporting having topped €3 billion in loans financed. The €2 billion hurdle was surpassed in April thus it appears that Mintos is experiencing increasing velocity. Mintos reports that it currently services over 170,000 investors globally…. Read More
Fincera Inc. (OTCQB: YUANF), a China-based peer to peer lending platform providing access to capital for SMEs, has become the target of a local government attempt to shut down P2P lenders. According to a note from Fincera, the Hebei provincial government, where Fincera is based,… Read More
Thanks to the rise of peer-to-business (P2B) lending, the concept of Small and Medium Enterprise (SME) debt as an asset class has altered for the better. With low risk of default and high-interest rate returns, it is now possible to invest in SME debt at… Read More
SME Peer to peer lending platform Growth Street has joined digital bank Starling Bank‘s marketplace, according to a blog post. Excited to announce that GrowthLine is now available on the #Starling Marketplace! It means your business can apply for and manage your GrowthLine all from… Read More
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