Tagged: p2p

November 8, 2016 @ 8:50 am By JD Alois  |  

Stacking is a significant challenge for the online lending industry. While most consumers are responsible individuals who only want to borrower what they can afford, there is a segment of society who are challenged to manage their finances. The advent of online lending has made… Read More

November 7, 2016 @ 6:01 pm By Jessica Pham  |  

Katipult, cloud-based software infrastructure that allows firms to design, setup, and manage an Investment Crowdfunding, Peer 2 Peer Lending, or Investor Management platform has been recognized as Canada’s most innovative fintech company.  In a blog post Katipult explained their mission; “Private capital markets are plagued with… Read More

November 7, 2016 @ 7:32 am By JD Alois  |  

Lending Club (NYSE:LC),the largest  marketplace lending platform in the US, is out with Q3 results.  Lending Club reported a net loss of $36.5 million for the Q3 of 2016, an improvement vs. the net loss of $81.4 million reported in Q2 of 2016. Meanwhile originations… Read More

November 7, 2016 @ 7:14 am By JD Alois  |  

Lending Club (NYSE:LC) has announced a significant partnership with the National Bank of Canada and its US subsidiary Credigy.  The agreement calls for Credigy, a firm that specializeds in consumer finance investment,  to invest up to $1.3 billion over the next 12 months. Scott Sanborn,… Read More

November 4, 2016 @ 9:57 am By JD Alois  |  

Independent ratings agency 4thWay is out with an interesting report on the peer to peer property lending market in the UK.  This sector of alternative finance has been very popular due to the asset class and the solid returns. Even in light of Brexit turmoil,… Read More

November 3, 2016 @ 11:14 pm By JD Alois  |  

The Financial Services Commission (FSC) of Korea has clamped down on peer to peer lending.  According to a report in Korea Joongang Daily, the Commission has enacted harsh rules that limit the amount an investor may commit to peer to peer lender in a given… Read More

November 3, 2016 @ 8:12 am By JD Alois  |  

Malaysia’s EthisKapital has claimed the world’s first licensed Islamic P2P/Crowdfunding platform. The Securities Commission Malaysia awarded six peer to peer licenses, one of which is the world’s first license for Shari’ah-compliant P2P finance. EthisKapital will be focused on funding small businesses and real estate development projects…. Read More

November 2, 2016 @ 11:28 am By Xu Gao  |  

In Response to Lending Cap Regulations, More & More Chinese P2P Platforms Start to Transfer to Financial Asset Exchanges In August, the China Banking Regulatory Commission (CBRC) issued rules for the online lending industry and set lending caps for both individual and business peer to… Read More

November 1, 2016 @ 6:24 pm By Samantha Hurst  |  

Marketplace lender Funding Circle reportedly lent out more just a little over £95 million for the month of October and broke the UK’s monthly origination volume record. AltFi revealed that according to its data, Funding Circle has officially lent more than £1.6 billion for over… Read More

November 1, 2016 @ 6:06 pm By JD Alois  |  

As part of their Q3 review, VPC Specialty Lending Investments (LSE:VSL) announced it was shifting away from purchasing whole loans to balance sheet investments in the online lending sector.  VPC said continued softness in certain whole loans in their portfolio were offset by a one… Read More

November 1, 2016 @ 8:48 am By JD Alois  |  

Manchester based Racefields has launched a free peer to peer loan finder designed to aid businesses in their search for an appropriate loan. Racefields states that unlike other loan comparison sites which only point businesses in the general direction of lenders, Racefields will actually apply… Read More

November 1, 2016 @ 5:35 am By Erin Hobey  |  

Folk2Folk, a UK P2P business lender, today announced its expansion plans with the aim of lending £1bn in business loans by 2020, with its newest branch opening in Gloucestershire today. Folk2Folk plans to open another seven branches across the UK in 2017 with Harrogate set to open in… Read More

October 31, 2016 @ 3:54 pm By Samantha Hurst  |  

Peer-to-peer lending platform Funding Circle announced on Monday it is making changes to its interest rates. The lender stated that it regularly reviews the rates and takes into account various factors, which includes macroeconomics trends. It was revealed: “At Funding Circle, our aim is for investors… Read More

October 31, 2016 @ 7:45 am By JD Alois  |  

Archover‘s first loan ever has been paid back in full.  The SME lender said the 24 month loan for £100,000 to TruTac Limited has successfully cleared the books. Terry Ramsey, TruTac’s managing director, labeled the entire process hassle free. “Although having our first ever loan successfully… Read More

October 31, 2016 @ 7:38 am By JD Alois  |  

P2P Lender Tops £200 million in Loans ThinCats has announced that Damon Walford has been appointed Chief Development Officer.  Walford will be working directly with ThinCats CEO John Mould to boost loan originations and increase the network of sponsors in the UK.  The announcement comes… Read More

October 30, 2016 @ 7:48 pm By JD Alois  |  

Wangdaizhijia (or wdzj.com), an alternative finance news and data platform in China, has published two interesting reports on the state of internet finance in the largest altfi market in the world. The first document focuses on peer to peer lending. The second publication is on… Read More

October 28, 2016 @ 4:12 pm By Samantha Hurst  |  

Earlier this week, Canadian peer-to-peer lending portal, Lending Loop, officially launched after completing its registration with the Ontario Securities Commission (OSC) and other securities regulators. Lending Loop was created by co-founders Cato Pastoll and Brandon Vlaar. Last year, the platform received a strategic investment from… Read More

October 27, 2016 @ 4:05 pm By Samantha Hurst  |  

Earlier this week, leading marketplace lending platform Prosper announced modifications in its rate pricing. The company stated that the changes were a direct result of a few factors, which includes the forward-looking credit market, interest rate expectation, the U.S. credit environment, and the competitive environment in… Read More

October 26, 2016 @ 9:37 am By Xu Gao  |  

China Blockchain Development Forum Established in Beijing On October 18th, the China Blockchain Development Forum and first developer conference opened in Beijing. Apart from launching a white paper about blockchain technology and application, the forum is also aimed at standardizing the development process and creating… Read More

October 26, 2016 @ 8:06 am By Samantha Hurst  |  

On Wednesday, UK-based fintech startup, WeSwap officially launched its equity crowdfunding campaign publically on Seedrs. The company successfully secured well over its £1 million funding target from more than 1,800 investors during the initiative’s pre-registration. WeSwap was founded in 2011 and opened to the community in… Read More