Tagged: p2p

April 18, 2017 @ 5:55 am By Erin Hobey  |  

In response to growing demand from investors in search of better investment returns for their pensions, UK P2P service provider BondMason has launched a new Self-Invested Personal Pension (SIPP) service. “P2P Lending is an increasingly attractive asset-class, however SIPP administrators are rightly concerned with the practical difficulties of monitoring… Read More

April 17, 2017 @ 10:49 pm By Jonathan Nieh  |  

  China Rapid Finance, a peer-to-peer (P2P) lender based in Shanghai, China, announced that it has set the terms for its upcoming US IPO. The company plans to raise $105 million through the offering of 10 million shares priced between $9.50 to $11.50 a share. At… Read More

April 13, 2017 @ 8:35 am By JD Alois  |  

Assetz Capital, a UK-based peer-to-peer finance platforms, has raised the interest rate on its 30 Day Access Account (30DAA) by 0.5% to 4.75% for a limited time.  The 30DAA allows peer-to-peer lenders to invest automatically in loans and features automatic diversification to spread risk. The… Read More

April 12, 2017 @ 10:59 pm By JD Alois  |  

LendEx, a leading Australian peer-to-peer lending platform for direct commercial property lending, has appointed two new prominent board members as non-executive directors. LendEx has added Brian Benger and Kim Jenkins to help guide the growing online lender. Benger said he was delighted to join the LendEx… Read More

April 12, 2017 @ 10:44 am By JD Alois  |  

Crowd Genie, a small business lending platform, has received regulatory approval from the Monetary Authority of Singapore (MAS). Crowd Genie was granted a Capital Markets Services (CMS) license from MAS, an important development for the peer to peer lending platform. Crowd Genie has been in… Read More

April 6, 2017 @ 10:31 am By JD Alois  |  

Renaud Laplanche, the founding CEO of Lending Club, has announced the launch of a new consumer credit platform aptly entitled Upgrade.  The online lender was described as a new iteration of online lending that combines the best of marketplace lending and consumer services such as… Read More

April 6, 2017 @ 3:54 am By Erin Hobey  |  

WhatsApp seems to be laying down the groundwork for a P2P operation in India. The Facebook-owned global messaging service is currently advertising for a digital transaction lead with experience of UPI, Aadhaar and BHIM, seen as the precursor to a possible P2P payments service launch in India, according to multiple… Read More

April 4, 2017 @ 10:32 pm By Cole Lyons  |  

Kreditbörsen (the credit exchange), a part of Sweden-based LendyTech , has launched a peer-to-peer lending service for borrowers and investors. The LendyTech group is described as a Fintech group with a global focus. LendyTech currently operates Kreditbörsen, SCG and LendySoft.  Each of the platforms forcuses on the credit… Read More

April 4, 2017 @ 9:56 pm By JD Alois  |  

  RateSetter has appointed Amanda Sharp as Regional Relationship Manager for London and the South East. Sharp previously spent 35 years with RBS Group. While at RBS, Sharp spent 20 years in the Business and Commercial division working with SMEs. Sharp has joined RateSetter to… Read More

April 3, 2017 @ 3:44 pm By Samantha Hurst  |  

Proplend recently announced HM Revenue & Customs (HMRC) approved its application for ISA manager status for IFISA. The online lender previously revealed its plans to apply for this status after it received full regulatory authorization from the Financial Conduct Authority (FCA). While sharing details about the ISA… Read More

April 3, 2017 @ 8:45 am By JD Alois  |  

Global Debt Registry (GDR), a loan validation platform for institutional investors, has added leading online lending platform, Prosper Marketplace to its verification network. GDR says the partnership will enable Prosper investors access to their due diligence tools to ensure loan data integrity. Prosper successfully piloted… Read More

April 3, 2017 @ 8:03 am By JD Alois  |  

Growth Street,  an online lender focusing on SME loans, has announced that founder Greg Carter has assumed the CEO position at the platform replacing James Sherwin-Smith. Carter has been Growth Street’s Chief Risk Officer since its launch. Carter founded Growth Street while working at Arts… Read More

April 1, 2017 @ 10:13 am By Samantha Hurst  |  

Just a few months after announcing Zopa is creating the next generation challenger bank at AltFi Europe, CEO of the peer-to-peer lending platform, Jaidev Janaradana, revealed more details about the bank’s creation at the AltFi Europe Summit last month. While sharing details about the bank progress,… Read More

March 31, 2017 @ 12:44 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Landbay has reportedly reduced its product rates and fees. According to various sources, Landbay’s rates are now starting at 3.39% for a 2-year fix and 3.59% for a 5-year fix, with arrangement fees up to 75% on standard products, which were… Read More

March 31, 2017 @ 6:43 am By Erin Hobey  |  

Crowdo has launched its securities crowdfunding platform today at the Singapore Exchange (SGX) hosted ‘Plugged In’ event during which Crowdo Co-Founder and CEO Leo Shimada gave the keynote address. The event was also the forum for the official announcement of Crowdo’s strategic partnership with the SGX. Crowdo’s… Read More

March 29, 2017 @ 12:42 pm By JD Alois  |  

Bond Street, an online lender for small businesses, and NerdWallet, have partnered to provide access to SME loans. As part of the partnership, Bond Street will be featured on NerdWallet’s Small Business Loan Tool, along with other lenders that provide capital to small businesses across the… Read More

March 29, 2017 @ 9:57 am By Jonathan Nieh  |  

China’s peer-to-peer (P2P) lending market is the largest in the world, but recently the industry has come under increased regulation from the Chinese government. Just a month ago, the China Banking Regulatory Authority (CBRA) imposed a new policy that would require all P2P lenders to appoint… Read More

March 28, 2017 @ 5:35 am By Erin Hobey  |  

LendInvest, a leading UK online property finance lender, is launching the LendInvest Property Development Academy in four more key cities around the country following overwhelming demand for its London & Southeast courses. “There are no quick fixes to our national housing crisis, but by equipping… Read More

March 27, 2017 @ 12:10 pm By JD Alois  |  

In what is being described as Shanghai’s “first and high profile” peer to peer lending fraud case, 41 people associated with Baiyin Wealth Co. have been imprisoned according to China News. The case included the theft of approximately 700 million yuan or about USD $10.2… Read More

March 27, 2017 @ 9:00 am By Samantha Hurst  |  

ID Finance, a data science and digital finance company, announced on Monday it has officially joined peer-to-peer lender Mintos and has already begun placing personal unsecured loans issued in Spain under its MoneyMan brand on the lending platform’s marketplace.  ID Finance shared it is joining Mintos just after… Read More