Tagged: p2p

January 27, 2017 @ 2:37 pm By Samantha Hurst  |  

On Friday, peer-to-peer business lending platform ArchOver announced it is expanding its current “Secure & Insured” lending model by launching “Secure & Assigned” business loans.  According to the lender, the first Secured & Assigned loan will be for Ergowealth, a firm of chartered financial planners… Read More

January 27, 2017 @ 9:49 am By Samantha Hurst  |  

P2P lending platform Flender has officially closed its successful equity crowdfunding campaign on Seedrs. Originally seeking £500,000, the initiative secured a total of £501,700 from more than 230 investors. As previously reported, Flender is authorized and regulated by the Financial Conduct Authority under Registration Number 657861. The online… Read More

January 27, 2017 @ 8:47 am By Therese Torris  |  

On January 25, Raffael Johnen, the CEO and co-founder of auxmoney, was on stage at the Paris Fintech Forum as the news was still under embargo: Dutch insurer Aegon has agreed to lend €1.5 billion euros over the next 3 years through the auxmoney lending… Read More

January 27, 2017 @ 8:41 am By Erin Hobey  |  

Joint Electronic Teller Services Limited (JETCO) announced a partnership with 7 Macau banks  to offer dual-currency JETCO Pay P2P mobile fund transfer. The service allows the participating banks’ customers to transfer both Hong Kong dollars (HKD) and Macau Pataca (MOP) to account holders of all local participating banks… Read More

January 26, 2017 @ 12:21 pm By JD Alois  |  

LendingRobot has officially launched their next big vertical: a Robo-Hedge Fund for alternative lending. Crowdfund Insider initially wrote about the forthcoming Robo-fund when we uncovered an SEC filing for a pooled investment vehicle last November. While the filing became public at that moment, the “LendingRobot… Read More

January 24, 2017 @ 4:05 pm By Jessica Pham  |  

Online lending experienced a challenging year in 2016. Regardless of your base of operations, unexpected events created a bumpy ride for many platforms in this sector of finance. Crowdfund Insider last spoke to Zopa CEO Jaidev Janardana in mid-2016, just prior to the UK’s decision… Read More

January 24, 2017 @ 3:53 pm By Samantha Hurst  |  

On Tuesday, commercial real estate marketplace lending platform, Money260, announced it hired two new directors, David Christensen and Kenneth Wood, to support the increasing demand in the northeast and northwest regions of the U.S.  According to Money360, Christensen has more than 30 years of industry experience in… Read More

January 23, 2017 @ 10:27 am By Samantha Hurst  |  

Just a few months after joining European accelerator Level39, short-term peer-to-peer lending platform Welendus has launched an equity crowdfunding campaign on Seedrs. The online lender is seeking £300,000. Founded in 2015, Welendus states it aims to re-define the short-term lending market by introducing a peer-to-peer short-term lending platform and… Read More

January 21, 2017 @ 2:07 pm By JD Alois  |  

Following big news of a $100 million funding round, Funding Circle has announced it will stop issuing new loans in Spain. The announcement was posted on the Spanish version site of the SME peer to peer lender noting that it has not offered new loans… Read More

January 20, 2017 @ 2:03 pm By Samantha Hurst  |  

Peer-to-peer lending platform Bricks Financial has officially received authorization from the Financial Conduct Authority (FCA). As previously reported, the online lender was founded in 2014 and is designed to build a community of investors to help those looking for development finance. The new direct lender was… Read More

January 20, 2017 @ 8:50 am By JD Alois  |  

Linked Finance, an Irish peer to peer lending platform, has signed an agreement with Eiffel Investment Group to back Irish SME loans.  The partnership was spawned in part by Linked Finance’s rapid growth of 132% over the past 6 months. Eiffel Investment Group will contribute… Read More

January 19, 2017 @ 4:13 pm By JD Alois  |  

Yesterday we reported the UK P2PFA Q4 2016 peer to peer lending numbers showed solid growth for online lending. Today we have numbers from OFF3R that captures the activity of 9 UK peer to peer lending platforms. According to the OFF3R Index, p2p lending grew by… Read More

January 19, 2017 @ 8:10 am By JD Alois  |  

Record Year for Assetz Capital as £108 Million lent to Small Business in 2016. Assetz Capital, a peer-to-peer lending platforms, has announced having originated £200 million in loans since launching in 2013. The alternative finance platform targets small and medium-sized UK businesses and also helps property… Read More

January 18, 2017 @ 1:14 pm By JD Alois  |  

Ant Financial Joins UNEP Sustainable Finance Initiative Ant Financial has signed the “Declaration on Environment and Sustainable Development” and joined the United Nations Environment Programme Sustainable Finance Initiative as a full member of the organization. In fact, China Merchants Bank and Industrial and Commercial Bank… Read More

January 18, 2017 @ 9:21 am By JD Alois  |  

Lending Club (NYSE: LC), the leading US marketplace lending platform,  will issue its Q4 earnings report on Tuesday, February 14, 2017, after market close. Lending Club will host a conference call to discuss the fourth quarter financial results at 2:00 p.m. PT / 5:00 p.m. ET on… Read More

January 18, 2017 @ 8:03 am By JD Alois  |  

Fourth Quarter UK Peer to Peer Lending Hits £844 Million The UK Peer to Peer Finance Association (P2PFA) has published Q4 data for both SME and consumer lending. The P2PFA said “fourth quarter of 2016 has demonstrated continued growth, with the expansion in lending volumes… Read More

January 17, 2017 @ 2:59 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform, Dianrong, announced on Tuesday its 2016 annual results. The company revealed that the cumulative trading amount exceeds RMB 16.2 Billion, which is notably a year-on-year increase of 148%, and growth in loans issued was funded by 3.62 million investors. Dianrong CEO,… Read More

January 17, 2017 @ 8:39 am By JD Alois  |  

Marketplace lending platform Lendix has landed in Italy. The Paris-based operation has announced the appointment of Sergio Zocchi as CEO.  Lendix said that Zocchi has over 20 years experience in high-tech and finance as he leads the local Lendix team based in Milan. Lendix said… Read More

January 16, 2017 @ 5:11 pm By Samantha Hurst  |  

Peer-to-peer lending platform Landbay announced on Monday it was granted ISA Manager Status by HMRC. This news comes less than a month after the lender received full authorization from the FCA for peer to peer lending. The Landbay team stated that status will clear the way for the… Read More

January 16, 2017 @ 2:26 pm By Samantha Hurst  |  

Just a few weeks after launching its equity crowdfunding campaign on Seedrs, peer-to-peer lending platform Wellesley has reportedly decided to suspend the initiative as it seeks to attract city investors. As previously reported, Wellesley sought to raise £1.5 million though the funding portal to continue operations…. Read More