Tagged: p2p

May 15, 2018 @ 7:08 am By JD Alois  |  

UK Peer-to-peer lending platform RateSetter has topped the milestone of returning £100 million in pre-tax interest payments to its investors. RateSetter reports accomplishing this without any individual investor losing a penny. Launched in October 2010, RateSetter now claims over 500,000 customers. From the investing side, more than… Read More

May 1, 2018 @ 10:03 am By Samantha Hurst  |  

Specialist property peer-to-peer lender, CrowdProperty announced on Tuesday it has appointed Mike Bristow as its new CEO. Bristow is the co-founder of the lending platform and has been on the Board as a Non-Executive Director since it was established in 2013. He is now taking on… Read More

April 30, 2018 @ 12:06 pm By JD Alois  |  

According to a report in Xinhua, eight people were arrested in Shanghai for an astounding Ponzi scheme that rivals the Ezubao fraud and the Madoff scandal. Allegedly, more than 60 billion yuan ( or US $9 billion) was stolen from investors by Shanlin Finance a peer… Read More

April 17, 2018 @ 11:36 am By Samantha Hurst  |  

UK-based peer-to-peer lender Landbay is set to close its latest equity crowdfunding campaign on Seedrs later this evening with more than £1.6 million from nearly 285 investors. The funding round was launched last month and quickly secured its initial £1.25 million funding target. This is the seventh equity… Read More

April 12, 2018 @ 2:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lender Landbay announced on Thursday it is set to close its latest equity crowdfunding round on Seedrs next Tuesday (April 17th). The campaign quickly secured its initial £1.25 million and has successfully raised more than £1.4 million thanks to over 250 investors. As previously reported, Landbay was… Read More

April 9, 2018 @ 12:51 pm By Erin Hobey  |  

Online lender Lendio has reportedly facilitated nearly $60 million in loans through its lender turndown program. Lendio’s lender turndown program allows lending partners to offer a marketplace of loan options to customers that do not fit the lender’s credit box; this allows lenders to turn a… Read More

April 4, 2018 @ 10:51 am By Samantha Hurst  |  

Finzy, an India-based peer-to-peer lending platform announced on Wednesday it secured $1.3 million through its Pre-Series A funding round. Founded in 2016, Finzy describes itself as a premier peer-to-peer lending solution that connects borrowers looking for quick personal loans with low-interest rates to investors who… Read More

April 3, 2018 @ 10:53 am By Erin Hobey  |  

Digital payments services are now live on India’s Microsoft Kaizala. By integrating the payment and both organizations’ mobile payment infrastructure services of Yes Bank and MobiKwik, Microsoft Kaizala users may swiftly send or receive money without having to leave the Kaizala mobile app. With Microsoft Kaizala, users will… Read More

March 31, 2018 @ 9:58 pm By Samantha Hurst  |  

BondMason, an online savings and investments platform that sources investments from across the peer-to-peer (P2P) market for its clients, announced earlier this week it has relaunched its website. The company reported taken on board feedback from its clients and partners to ensure the new website is easier… Read More

March 30, 2018 @ 2:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lender Landbay has launched another equity crowdfunding campaign on Seedrs and quickly secured more than £1.2 million in funding. This news comes less than a month after the online lending platform announced it hit its £100 million in lending milestone. Landbay, which was founded in… Read More

March 28, 2018 @ 12:12 am By JD Alois  |  

We have received some information from an insider regarding Chinese peer to peer lending platforms being unable to update their Apps in the Apple App store due to a regulatory disconnect. From what we have been told, Apple (NASDAQ:AAPL) is enforcing a rule that requires… Read More

March 27, 2018 @ 3:00 am By JD Alois  |  

Orca, an independent data, research and analysis provider targeting the the UK peer-to-peer (P2P) lending market, has launched its premier investment platform. The new platform will allow investors to easily diversify across multiple P2P lending platforms from a single P2P investment portfolio. Orca seeks to… Read More

March 16, 2018 @ 9:42 am By Samantha Hurst  |  

Lendy announced this week it has attracted its 20,000th investor to its peer-to-peer lending platform. This news comes just days after the online lender announced it repaid five loans in February 2018. According to P2P Finance News, the lender reported that about 7,000 new investors have joined… Read More

March 13, 2018 @ 4:02 pm By Samantha Hurst  |  

BondMason, an online savings and investments platform that sources investments from across the peer-to-peer (P2P) market for its clients, announced on Tuesday it secured £1.85 million through its latest funding round to drive the growth of the business and fulfill the company’s vision to enable more investors to… Read More

March 10, 2018 @ 9:53 pm By Samantha Hurst  |  

Estonian peer-to-peer (P2P) lending platform Investly has successfully secured its initial £500,000 funding target through Seedrs. The equity crowdfunding round has so far attracted more than 375 investors.  As previously reported, Investly reportedly provides an invoice finance platform that allows users to upload invoices and get them paid with… Read More

March 8, 2018 @ 7:42 am By Samantha Hurst  |  

UK-based peer-to-peer lender Landbay announced this week it has hit its £100 million in lending milestone. The online lending platform achieved its half-way point in lending this past September and revealed that since then momentum has accelerated to result in near-on double of lending volumes… Read More

March 5, 2018 @ 3:02 pm By Samantha Hurst  |  

Collateral, a UK-based peer to peer lending platform, has reportedly gone into administration after trading without a proper license. According to various reports, a letter was sent to investors from the company’s administrator, named Gordon Craig, that stated the company was operating in the belief that… Read More

March 5, 2018 @ 1:39 pm By Samantha Hurst  |  

Folk2Folk, a peer-to-peer (P2P0 lending platform for local and rural businesses, announced on Monday it has now lent £200 million, providing a valuable source of capital to hundreds of local businesses across the UK. According to the online lending, this milestone demonstrates the strong demand… Read More

March 5, 2018 @ 7:38 am By JD Alois  |  

BondMason, a direct lending service for investors that focuses on peer to peer lending opportunities, has released a note on recent actions in the SIPP space (Self Invested Pension Plans). Stephen Findlay, CEO of BondMason, says that SIPP administrators are right to tread carefully when reviewing… Read More

February 22, 2018 @ 7:38 am By JD Alois  |  

Marketplace lending platform LendingClub (NYSE:LC) has filed an 8K with the Securities and Exchange Commission regarding interest rate changes. For most industry followers this shift should come as no surprise. With the Federal Reserve increasing their benchmark rates, with several increases expected in 2018, it… Read More