Tagged: p2p

Impervious.ai Finalizes Seed Round to Develop the P2P Internet Standard

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Impervious Technologies Inc. is pleased to confirm the close of their seed financing round, with participation from Bitcoin and privacy-focused investors including CoinShares, NYDIG, Trammell Venture Partners, Fundamental Labs, Strategic Cyber Ventures, TEN-31 and others “to scale the Peer-to-Peer (P2P) internet standard.” As noted in… Read More

P2P SME Lender FOLK2FOLK Reports Solid Year for IFISA Activity

FOLK2FOLK Roy Warren

FOLK2FOLK, an SME lender that matches investors with borrowers, is reporting a “record year” for its Innovative Finance ISA (IFISA) for the tax year 2021/22, sharing that the company received 44% more ISA funds than in the previous year. FOLK2FOLK states that it has seen… Read More

North American Securities Administrators Association Targets Peer to Peer Lending Platforms

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The North American Securities Administrators Association (NASAA) is scrutinizing peer-to-peer lending. NASAA is the association and lobbying group that represents state and provincial regulators in North America. NASAA has issued a proposal on P2P lending and is seeking public comment on the Statement of Policy… Read More

Intermediation of New P2P Loans, Crowdfunded Loans on Fellow Finance Platform to End

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Fellow Finance‘s general meeting has on 22 December 2021 approved the merger of Fellow Finance into Evli Bank Plc “in accordance with the merger plan signed on 30 September 2021.” The planned effective date of the merger “is on or about 2 April 2022.” The… Read More

Online Lending Marketplace Robo.cash Launches in Sri Lanka

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Peer-to-peer lending platform Robo.cash has announced the launch in Sri Lanka with new commercial loans. Operating under  Robocash Group in Sri Lanka, the online lending platform now allows users to invest in loans for a period of 3 years at 12.5% with monthly interest payments,… Read More

P2P Lender FOLK2FOLK Reports to Be on Track for £2 Million Profit

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FOLK2FOLK, a peer-to-peer lender that aims to provide access to capital for UK SMEs, says it anticipates a £1.98 million profit for its 2021 fiscal year approximately 2X versus the year prior. Subject to audit, this is expected to be the company’s largest annual profit… Read More

Online Lending Platform Linked Finance Now Offers Businesses to Borrow Against Card Sales, Partners with fire.com

Niall OGrady CEO Linked Finance

Linked Finance, a peer-to-peer lending platform serving SMEs in Ireland, has announced the launch of a new service allowing clients the ability to borrow against card payments. According to Linked Finance, Merchant Cash Advance will allow businesses to borrow a lump sum and then repay… Read More

EstateGuru Comments on Advantages, Disadvantages of P2P Lending

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Peer-to-peer lending provides investors and borrowers various advantages over more traditional forms of finance. However, there’s a potential downside as well. EstateGuru has taken a detailed look at the pros and cons of this form of funding, and the ways in which their platform aims… Read More

Unique P2P Lender Folk2Folk Tops £500 Million in Lending

FOLK2FOLK Roy Warren

Folk2Folk, a unique peer-to-peer lender operating in the UK, reports that it has now topped £500 million in lending boosted by a record amount of £108 million in lending during 2021. Lending almost doubled in 2021 in comparison to 2020. Folk2Folk is an FCA authorized… Read More

SaveLend Group Adds Executive to Help with Expansion Plans

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SaveLend Group has announced the hiring of Olle Asplund as Chief Product Officer as part of an expansion plan. According to SaveLend, Asplund will focus on business development, strategically as well as operationally. Starting in April, He will also be in charge of structuring new… Read More

Renewable Energy Business Partner Litelektra Teams Up with Alternative Investment Marketplace PeerBerry

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A Lithuanian renewable energy firm Litelektra, which is reportedly co-owned by Gofingo Group shareholders, has teamed up with PeerBerry, which is an alternative investment marketplace with “up to 12% return on investment” and offers innovative investment tools. As mentioned in the update, the new business… Read More

Robo.cash Reports 227% Growth for 2021

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Croatia-based Robo.cash is reporting that it garnered € 42 million of investments in 2021, exceeding the year prior amounts growing by 227%. Robo.cash is a peer-to-peer platform that operates in the European Union and Switzerland. It also operates in parts of Asia. Robo.cash states that… Read More

Assetz Capital Provides Loan for Luxury Homes

Assetz Capital Amor Homes Loan

Assetz Capital, a peer-to-peer lending platform for secured loans, says it has provided a £1.3 million loan to Amor Homes Ltd to complete its luxury development in Cheshire. Assetz Capital states that having built four luxurious homes in South Cheshire the developers are now exiting… Read More

Robo.cash Researchers Analyze Surge in P2P Investment Activity as 2021 Comes to an End

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The end of the year 2021 has seen a surge in peer-to-peer investment activity, according to an update from Croatian P2P lender Robo.cash. Robo.cash analysts write in a blog post that the past 3 months of the year “tend to increase P2P investors’ activity.” The… Read More

European P2P Lender Bondora Reports More than €20M in Loan Originations During November 2021

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The team at European P2P lender Bondora notes that the end of the year “looks bright” as they celebrate “yet another month of loan origination highs.” Last month, Bondora originated over €20.5M in loans—which is notably “the second-highest amount in Bondora’s history.” The current origination… Read More

British Business Investments Commits £7 Million to P2P Lender Folk2Folk

FOLK2FOLK Roy Warren

British Business Investments, has committed £7 million to Folk2Folk, a peer-to-peer lender with a unique approach for loan originations. British Business Investments is a commercial subsidiary of the British Business Bank, a UK government-backed entity. According to a note from Folk2Folk, British Business Investments aims… Read More

EstateGuru Tops 100,000 Investors

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EstateGuru, an online investment marketplace that matches borrowers to investors with secured debt securities, has topped 100,000 investors, according to a post by its Chief Operating Officer. Mihkel Stamm, who is a member of the Board as well as COO of EstateGuru, posted: “Today, we… Read More

FinAccel’s P2P Lending Subsidiary KrediFazz Issued Operational License by Indonesia’s OJK

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KrediFazz, a subsidiary of FinAccel that operates as a P2P lending Fintech, has been issued a business license from the Financial Services Authority (OJK) via the Decree of the OJK Board of Commissioners Number: KEP-81 /D.05/2021, dated August 24, 2021. KrediFazz, a Fintech firm with… Read More

P2P Lender Linked Finance Adds New Commercial Director

Richard Glavin

Peer to peer lender Linked Finance has appointed Richard Glavin as Commercial Director. Glavin is expected to support the growth of the lending portfolio which has grown to deliver over €166 million in loans to over 2,900 ambitious local businesses in Ireland. Glavin was previously… Read More

Robo.cash Tops €300 Million in Funded Loans

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Robo.cash has shared that during the month of September the platform surpassed  €300 million in total funded loans. According to the company, September has also recorded another achievement as it topped 19,000 investors. Sergey Sedov, CEO of Robocash Group, issued the following statement: “The platform… Read More

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