Tagged: p2p

RateSetter Borrowers Have Paid Back £1 Billion, Investors Have Earned £63 Million

Online lender RateSetter has said it has now collected £1 billion in capital repayments from borrowers since its first loan back in 2010. Overall, RateSetter has originated approximately £1.75 billion in loans while paying out £63 million in interest.  The average interest rate ranged between… Read More

Big Ticket Borrowing: Midsized Companies Turn to Marketplace Lending at Lendix & Creditshelf

At the onset of the marketplace lending market, lending to businesses was equated with lending to small and very small businesses: businesses at the low end of the small and medium-size enterprise (SME) market who were borrowing on average under €100,000.  However, as the alternative lending… Read More

OFF3R Index: Strong P2P Lending Growth Continues

OFF3R, an online marketplace for alternative investments, published a report on P2P lending and crowdfunding last week.  OFF3R said that while equity crowdfunding sagged in January – dropping 65% from December – P2P lending remained strong. The Index includes six different equity crowdfunding platforms. OFF3R… Read More

BondMason CEO Stephen Findlay Comments on RBS Move into Online Lending via NatWest

Last week, NatWest – part of the Royal Bank of Scotland (RBS) – announced a new online platform designed to simplify the loan making process for UK SMEs.  Borne out of an ‘Innovation Cell’, working with Fintech firm Ezbob Limited,  “Esme” has been developed in… Read More

Report: Majority of China P2P Lenders Could Fail in 2017

China is the largest market in the world when it comes to peer to peer lending. The Chinese online lending market has also earned a reputation for fraud and a wild-west type environment as many platforms operate with little regulatory oversight. But this is changing… Read More

Lending Works Reopens Window for ISA Contributions

UK-based peer-to-peer lending platform Lending Works announced on Friday it has reopened the window for ISA contributions. The platform claimed it is the first P2PFA member to launch an Innovative Finance ISA (IFISA) last week and filled its first ISA tranche of £2.5 million within 24… Read More

Auswide Bank Increases Equity Stake in Peer-to-Peer Lender MoneyPlace

Australia’s Auswide Bank Ltd. (ASX:ABA) announced on Thursday it is increasing its equity stake in peer-to-peer lender MoneyPlace Holdings Pty Ltd. According to Auswide Bank, it will have a controlling interest of at least 51% in MoneyPlace with the potential to increase that interest up… Read More

Royal Bank of Scotland’s NatWest Announces Digital SME Lending Platform Debut

Royal Bank of Scotland’s NatWest announced it is set to launch its very own digital SME lending platform called Esme. The new platform is notably set to offer new and existing NatWest customers with unsecured loans that are worth up to £150,000 for a maximum… Read More

Here is Lending Club’s Q4 Earnings Presentation (Deck)

Lending Club (NYSE:LC) has reported Q4 2016 earnings along with forward-looking statements for 2017. Lending Club reported that loan originations in Q4 of 2016 were $1.99 billion, or 1% higher compared to the $1.97 billion reported in Q3 of 2016 and down 23% compared to $2.58 billion in the… Read More

Lending Club Reports Q4 & Full Year Results as Originations Dip: “We Are Entering 2017 in a Stronger Position”

Lending Club (NYSE:LC), the largest marketplace lending platform in the US, has reported Q4 results alongside full year numbers. Loan originations in Q4 of 2016 were $1.99 billion, up 1% compared to the $1.97 billion reported in Q3 of 2016 and down 23% compared to $2.58 billion in the… Read More

Ram Ahluwalia of PeerIQ Shares the Future of Online Lending

In the online lending world, there are a handful of people that know everything that is going on. From the good to the not so good, their vantage point is unique. Ram Ahluwalia, CEO and co-founder of PeerIQ, is one of these individuals. Ahluwalia launched PeerIQ in… Read More

P2P Lender Monexo Announces Undisclosed Strategic Partner Following Kolkata Launch

Hong Kong’s peer-to-peer lending platform Monexo announced on Monday it now has an undisclosed strategic partner. Founder and CEO of the online lender, Mukesh Bubna, reportedly stated that the new partner may be a domestic private equity fund. Bubna shared: “In 2017, our aspiration is… Read More

CEO Tarlochan Garcha: Kuflink Aims to Be UK Market’s Leading P2P Brand

Crowdfund Insider had a chance to interview CEO of Kuflink Tarlochan Garcha to learn more about his company’s platform. Garcha has over 17 years of experience working with two global banks– Barclays and NatWest.  He has worked with companies at all stages:  from inception to start-up and… Read More

The Potential of “Crowdlending” (Video)

Therese Torris, Senior Contributing Editor for Crowdfund Insider, recently visited the offices of Misys to discuss alternative finance. Misys is a large UK based financial services software provider offering solutions for retail and corporate banking along with capital markets applications.  Misys claims more than 2000… Read More

Fellow Finance Publishes 2016 Financial Information

Fellow Finance Oyj in Helsinki is one of the largest crowdfunding services in Northern Europe offering peer to peer lending for both consumers and SMEs. The alternative finance provider was founded by CEO Jouni Hintikka, COO Teemu Nyholm, and Director Harri Tilev. To date, Fellow Finance… Read More

New Hires at P2P Lender Thincats

Online lender ThinCats predicts a major recruitment drive for 2017. The Peer to Business lender has just appointed as Business Development Executive for its Origination Team. ThinCats says Takhar is just one of multiple strategic hires designed to boost growth and strengthen reach into the… Read More

Lending Works Launches Innovative Finance ISA

Lending Works has launched its Innovative Finance ISA (IFISA). The peer to peer lender says it is the “first: major UK platform to offer the IFISA. The IFISA is a new category of ISA set up exclusively for peer to peer lending investment. The IFISA… Read More

Peer to Peer Lending Said to be on “Right Path” as Wealth Managers Seek Quality Investments

Bond Mason: Over half of wealth managers would now recommend direct lending as an alternative to mainstream cash products. BondMason has published its Market Report 2017 reviewing the trends in the UK peer to peer lending market.  BondMason is a platform that provides investors a… Read More

P2P Lender Saving Stream Milestone: Value of Outstanding Loan Book Grows By 126% in 2016

On Tuesday, P2P lending platform Saving Stream announced its value of outstanding loan book grew by 126% during 2016. In its year review, Saving Stream stated over the last year, its outstanding loan book increased from approximately £73m in December 2015 to £165m in December… Read More

China Report Says Almost Half Million Cases of P2P Lending Problems

A report in China News says there was a “surge in problematic peer to peer online lending” during 2015 and 2016. Referencing financial news portal Finance.ifeng.com, the report said there were 478,000 cases at the end of January of individual investors filing complaints against problematic… Read More