Tagged: p2p

December 8, 2016 @ 9:30 am By JD Alois  |  

LendingHome, has exceeded $1 billion in mortgage loans.  The online lending platform launched two and a half years ago and has claimed the title as fast growing mortgage marketplace lender. It was only last month that Crowdfund Insider reported that LendingHome had originated $750 million… Read More

December 6, 2016 @ 7:01 pm By JD Alois  |  

Peer to peer lender Folk2Folk has received full approval from the Financial Conduct Authority (FCA).  While many prominent peer to peer lenders are operating under interim approval, Folk2Folk points out it is the lagest P2P lender to receive full authorization to date. Folk2Folk has lent… Read More

December 6, 2016 @ 12:33 pm By Samantha Hurst  |  

Finstar backed peer to peer lender Viventor announced last week the launch of its new mobile app. Users of the lender’s platform may now be able invest wherever they are. According to Viventor, the mobile app, which is available on both iOS and Android phones,… Read More

December 6, 2016 @ 12:12 pm By Candace Klein  |  

Having just returned to the United States after six months of travel abroad, I feel generally disillusioned.  At first, I couldn’t tell if my discontent arose from the heartbreaking presidential election results; or the fact that I ended up in a new city with a… Read More

December 6, 2016 @ 10:09 am By JD Alois  |  

Last weekend, Crowdfund Insider reported that Zopa was curtailing retail investor participation in peer to peer loans. We have now received a copy of the email that was sent out to Zopa investors explaining that current volumes of money transfers, combined with seasonally lower demand… Read More

December 5, 2016 @ 11:25 am By JD Alois  |  

Leading New Zealand based peer to peer lender Harmoney has been fined $292,00 for a misleading marketing campaign. The announcement  by the Commerce Commission of New Zealand stems from an ongoing investigation regarding letters sent by Harmoney in 2014 and 2015. Harmoney has previously acknowledged its… Read More

December 5, 2016 @ 8:02 am By JD Alois  |  

Growth Street is now an FCA registered Appointed Representative.  Growth Street will now be able to accept individual investors on its peer to peer lending platform. Growth Street, an alternative finance platform for SMEs, previously only accepted incorporated businesses to lend and borrow to each… Read More

December 4, 2016 @ 8:35 am By Jessica Pham  |  

In a follow-up to the Ezubao (Ezubo) shutdown, five people affiliated with the Chinese P2P lending platform that is accused of a Ponzi scheme are on trial for gold smuggling.  This is the first court case that is a part of a scandal that robbed investors of between… Read More

December 3, 2016 @ 11:41 am By Samantha Hurst  |  

Just a couple weeks after launchings its Seedrs campaign, peer-to-peer finance platform Flender has secured more than £380,000 out of its £500,000 funding target.  Flender, which is authorized and regulated by the Financial Conduct Authority under Registration Number 657861,  is looking to enable businesses and consumers… Read More

December 3, 2016 @ 11:18 am By JD Alois  |  

This may be a case of too much of a good thing. The FT is reporting that Zopa has put a halt to retail investors lending money on their peer to peer lending platform. Allegedly, yield hungry investors are “flooding” the market hunting for better… Read More

December 2, 2016 @ 10:11 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform, Dianrong, announced on Friday it is officially joining blockchain alliance, the Hyperledger Project. The portal claimed to be the first peer-to-peer company among the project’s 22 Chinese members. The Hyperledge Project, which was established by the Linux Foundation at the end… Read More

December 2, 2016 @ 6:55 am By Jessica Pham  |  

Timelio is a Melbourne-based fintech startup looking to disrupt traditional lending models by allowing businesses to turn invoices into cash by selling their invoices online on a P2P marketplace.  It raised $5 million via an equity funding round last month.  The investment is backed by the Thorney… Read More

December 1, 2016 @ 8:00 pm By JD Alois  |  

One of the frequently touted benefits of peer to peer/marketplace lending is the heightened transparency associated with loan originations processed online.  The financial crisis of the last decade was in part fueled by the disconnect between lender and borrower. As mortgages were securitized, sliced and… Read More

December 1, 2016 @ 5:20 pm By Samantha Hurst  |  

Latvia-based VIA SMS Group announced this week it is launching Viainvest, a peer-to-peer marketplace for both private and legal entities offering to invest into consumer loans originating from non-banking lenders. While sharing details about Viainvest, Eduards Lapkovskis, member of the board at VIA SMS Group, stated: “By… Read More

December 1, 2016 @ 4:56 pm By Samantha Hurst  |  

BitLendingClub, a bitcoin peer-to-peer lending platform, announced on Thursday it was shutting down all of its services. The website claimed the closure was due to regulatory pressure. The lending portal’s team released a letter to customers, stating: “We’ve worked extremely hard to build a platform… Read More

November 30, 2016 @ 10:45 am By JD Alois  |  

Canaan Partners has filed a Form 4 indicating it has sold shares in Lending Club (NYSE:LC). Canaan was an early investor in Lending Club but over past months the VC firm has been selling shares in the publicly traded online lender. Canaan Partners is a Silicon… Read More

November 29, 2016 @ 9:39 pm By JD Alois  |  

P2P lending rating agency 4thWay is highlighting that 77 IFISA applications are in limbo at the Financial Conduct Authority waiting for full authorisation.  Within this group, ten of the largest UK P2P lenders are still in the queue.  In what was expected to be a… Read More

November 28, 2016 @ 9:48 am By JD Alois  |  

Singapore based SmartFunding has received S$700,000 (about USD$ 500,000) in seed funding. The round was led by Fintech Asia Group, part of listed venture firm Fatfish Internet Group (ASX: FFG). The “peer to business” platform was set up to bridge the financing gap for SMEs to… Read More

November 28, 2016 @ 9:00 am By JD Alois  |  

Orchard has published its quarterly report on loan originations for the online lending industry. According to their numbers, origination volumes continued to drop in Q3 from Q2 2016.  The decline was significant too – decreasing by 21% in Q3 and down 50% from the peak… Read More

November 27, 2016 @ 9:01 am By JD Alois  |  

LendingRobot, the robo-advisor geared towards marketplace lending assets, has filed a Form D 506c with the SEC indicating its intent to create a pooled investment fund. According to the filing, the minimum investment accepted will be $100,000.00 with no targeted max size of the fund…. Read More