Tagged: p2p

August 2, 2017 @ 9:12 am By JD Alois  |  

FundedByMe Malaysia (FBM Crowdtech Sdn Bhd), one of the first approved crowdfunding platforms in the country,  has created a peer to peer lending platform for SMEs. The new platform, entitled AlixCo, is designed to help finance Malaysian entrepreneurs and to address the SME financing gap in… Read More

August 1, 2017 @ 3:13 pm By Samantha Hurst  |  

On Tuesday, Swedish fintech firm Klarna announced the launch of its new peer-to-peer (P2P) payment app, Wavy. This news comes less than two weeks after the company announced its strategic equity investment from Permira. According to Klarna, Wavy enables consumers across 31 European markets to transfer… Read More

August 1, 2017 @ 2:06 pm By Samantha Hurst  |  

Marketplace lender Money360 announced on Monday it  closed $143 million in loans in the second quarter, marking the lender’s best quarter to date. The online lender reported it has now closed more than $350 million in total loans, is on pace to close more than… Read More

July 31, 2017 @ 11:15 am By JD Alois  |  

Žltý melón, a peer to peer lender based in Bratislava, has launched a secured loan product to finance mortgage deposits and help homebuyers purchase a home. Lenders may now invest in loans to homebuyers with additional security. The new CashFree Hypo loan is available to anyone… Read More

July 31, 2017 @ 10:30 am By Samantha Hurst  |  

LandlordInvest, the peer-to-peer lending platform for residential and commercial mortgages, announced on Monday it has completed a £740,741 bridging loan secured over a residential investment property in Wembley, Middlesex for a professional landlord with a substantial real estate portfolio. This transaction is notably the online lender’s… Read More

July 31, 2017 @ 10:07 am By Samantha Hurst  |  

On Friday, marketplace lending platform Prosper announced it was officially discontinuing its Prosper Finance Daily app on Monday (August 31st). The online lender revealed to help its users through the transition, it has teamed up with personal finance app Clarity Money to offer some of… Read More

July 27, 2017 @ 11:12 am By Samantha Hurst  |  

Peer-to-peer finance platform for business Assetz Capital announced on Thursday it has partnered with financial account aggregator and marketplace, Bud, to expand lender base. Bud’s Market+ is described as a service that allows users to connect and interact with a host of third-party services ranging from loans,… Read More

July 27, 2017 @ 10:26 am By Erin Hobey  |  

UK Online investment platform SyndicateRoom has offered members the opportunity to take part in a retail bond offer for LendInvest, the leading marketplace for property lending and investing. To recap, under the offer, LendInvest proposes the issue of sterling-denominated 5.25% fixed-rate retail bond notes, which… Read More

July 27, 2017 @ 8:00 am By Samantha Hurst  |  

Lendio announced on Thursday it surpassed $500 million in business loans to over 21,000 small businesses across the U.S. through its marketplace lending platform.The growth milestone comes after a 141 percent increase in loans originated through the lender in the last fiscal year. The marketplace… Read More

July 26, 2017 @ 9:50 am By Samantha Hurst  |  

Irish peer-to-peer lending platform Linked Finance has successfully secured more than €1 million for Waterford-based businesses. According to the Muster Express, over 30 businesses in Waterford have raised funds through the lending platform to facilitate their business growth. Mark Bergin, Founder, Coffee House Lane and who has sought… Read More

July 24, 2017 @ 4:03 pm By Samantha Hurst  |  

Michael Tannenbaum, the chief revenue officer of online lending platform SoFi, has reportedly stepped down from his position. According to TechCrunch, Tannenbaum has been at SoFi since 2014, when he started off as vice president of finance before moving on to become the lending platform’s chief revenue… Read More

July 24, 2017 @ 11:17 am By Samantha Hurst  |  

Earlier this month, leading peer-to-peer lender Lending Club announced it has expanded its partnership with Opportunity Fund to provide underserved small businesses with access to loans they need in order to grow. Lending Club revealed: “Access to credit has long been a challenge for small businesses,… Read More

July 24, 2017 @ 8:35 am By Samantha Hurst  |  

Lending Works recently announced it is now offering bonuses for lenders on its peer-to-peer lending platform. Starting today, lenders may earn a bonus of £50 for each calendar week, up to £200 in bonus. This is assuming that the lenders lend out £5,000 or more in each of the calendar weeks. While… Read More

July 21, 2017 @ 10:47 am By Samantha Hurst  |  

While revealing a “refresher” of its lending policies, UK-based peer-to-peer lender, Zopa, announced that as of July 20th it has lent £2.46 billion and is lending around £80m per month. “With the support of our customers, we have (as of 20 July 2017) lent £2.46bn… Read More

July 20, 2017 @ 9:33 am By JD Alois  |  

RateSetter has been hit with a series of significant operational challenges as several large loans have struggled.  The widely reported series of events have culminated in approximately £48 million worth of loans being taken over by the P2P Lender. This amount would have  outstripped the… Read More

July 19, 2017 @ 11:48 am By Samantha Hurst  |  

On Wednesday, peer-to-peer lender Zopa released its latest Home Improvement Index that indicated a quart of British homeowners looking to improve their homes this summer are choosing to renovate their kitchens and are seeing a 51% return on investment as a result. According to research, 25% of… Read More

July 18, 2017 @ 7:56 am By JD Alois  |  

Bondora, a European peer to peer lender based in Estonia, has announced that it has become profitable during the first six months of 2017. Bondora stated that it had generated a net profit of €300,00 during the first half of the year. The overall revenue target… Read More

July 17, 2017 @ 3:36 pm By Samantha Hurst  |  

Just eight months after announcing its plans to move into Hong Kong and Singapore, Chinese peer-to-peer lending platform Lufax is set to make its way to Singapore. It is now prepping to launch its new platform called Lu International.  As previously reported, Lufax Chairman and… Read More

July 17, 2017 @ 8:30 am By Erin Hobey  |  

“As the industry matures and looks to grow beyond a base of early adopters, I believe a focus on clarity will best help us to attract new investors.” Growth Street, an FCA-authorized UK business finance platform focusing on SME loans, has aimed to become a… Read More

July 17, 2017 @ 7:53 am By JD Alois  |  

Assetz Capital is continuing its strategy of establishing a local presence across the UK with the appointment of Ian Craig as Regional Relationship Director to help manage operations in Scotland. The appointment comes as Assetz Capital says growth in Scotland continues with a target of… Read More