Tagged: p2p

September 30, 2016 @ 11:55 am By Erin Hobey  |  

Remitly, an independent mobile remittance company in the US, announced its receipt of  $38 million in new equity and debt financing from IFC, a member of the World Bank Group, and Silicon Valley Bank. The financing will aid in the company’s expansion to deliver international fund transfers… Read More

September 27, 2016 @ 8:38 am By Erin Hobey  |  

PINTEC Group, a leading Chinese fintech platform, today announced it will spinoff P2P lending platform Jimubox into an independent company, JIMU Group. Jimubox was a wholly-owned subsidiary of PINTEC Group, which holds a diversified group of financial technology businesses operating in the digital consumer lending… Read More

September 26, 2016 @ 5:19 pm By JD Alois  |  

Lending Club (NYSE:LC) has been on a steady pace rebuilding its executive bench.  Today, the largest marketplace lending platform in the US has announced a new General Counsel. Russell Elmer has been named as the new GC replacing Jason Altieri who has been Lending Club’s… Read More

September 26, 2016 @ 3:51 pm By JD Alois  |  

Orchard platform in their weekly report addressed the most recent ABS East conference – a hot Wall Street gathering on all things securitization. This year opening remarks were delivered by Steve Eisman who was made famous by his depiction in the Hollywood film the Big… Read More

September 26, 2016 @ 11:18 am By JD Alois  |  

In explaining how they are different, Folk2Folk, an up and coming peer to peer lender explains they are “resetting the values around lending money.” While embracing technology that facilitates the lending process, Folk2Folk maintains numerous brick and mortar locations as they believe in dealing with… Read More

September 26, 2016 @ 8:19 am By JD Alois  |  

Peer to peer lender ArchOver is pointing to a recent report from Equity Development regarding investor protection for lenders using their platform. The report calls ArchOver the “pioneer of secured and insured loans” for SMEs. ArchOver says that to date the platform has not experienced… Read More

September 25, 2016 @ 3:18 pm By JD Alois  |  

Shanghai Daily is reporting that global consultancy EY has gotten sucked into the collapse of peer to peer lender Jinxing Investments. According to the report, the Shanghai offices of EY has endured several protests becoming surrounded by angry investors who were under the impression that… Read More

September 23, 2016 @ 11:03 am By JD Alois  |  

Lufax, one of China’s largest peer to peer lending platforms, is preparing for its long-awaited IPO. This is according to a report in Reuters that stated the IPO could raise $5 billion. At the last funding round, Lufax captured a valuation topping $18 billion.  China… Read More

September 20, 2016 @ 6:05 am By Erin Hobey  |  

BLender, the Israel-based P2P lending platform, announced the first milestone in its global expansion, opening new offices in Milan, Italy, and Vilnius, Lithuania to serve customers in Italy and the Baltic region. “Offering multi-national P2P lending has been our vision since BLender’s establishment,” BLender CEO… Read More

September 19, 2016 @ 12:03 pm By WeiyangX  |  

Fintech related cases would become an important area of civil and commercial trial in the future. On September 10, 2016, the sixth “Southern China Enterprise Law Innovation Forum” was held in Shenzhen. During the seminar of “China’s Law Innovation in Internet Age”, Yang Linping from… Read More

September 19, 2016 @ 9:59 am By JD Alois  |  

RateSetter has released its accounts for 2015 – 2016.  According to their financial results, top line revenue increased 46% to £18.5 million from £12.6 million versus prior period. The increase in revenue was paired with a pre-tax loss of £4.9 million compared to a pre-tax… Read More

September 19, 2016 @ 9:34 am By JD Alois  |  

Prosper Marketplace has published their monthly loan report and for investors in the marketplace lending things are looking pretty good. Prosper states that the 2016 portfolio is on track to have the highest estimated return since 2013. This is alongside the highest average FICO to date…. Read More

September 18, 2016 @ 8:36 pm By JD Alois  |  

China News is reporting that cooling private equity and venture capital deals are causing challenges for investors. Ni Zhengdong, head of Zero2IPO – a research group, stated; “Chinese venture capital and private equity investors made investments too quickly in the past three years and the… Read More

September 18, 2016 @ 8:18 pm By JD Alois  |  

SocietyOne, Australia’s largest marketplace lending platform, has rearranged the executive bench according to multiple reports. Founders Co-founders Matt Symons and Greg Symons (not related) have recently updated roles. Matt Symons will now become a non-executive director of the online lending firm. He is currently listed as… Read More

September 17, 2016 @ 11:36 am By JD Alois  |  

The House Financial Services Committee, chaired by Congressman Jeb Hensarling, has booked a busy schedule next week. Included on the list of hearings is a visit from Secretary of the Treasury Jack Lew. Testifying on Thursday, September 22nd at 10AM, Lew will be addressing the… Read More

September 16, 2016 @ 9:44 am By Samantha Hurst  |  

Earlier this week, RateSetter announced it has surpassed 100 million in car financing. and is considered the first peer-to-peer lending platform to lend the amount through motor partnerships. Sharing details about the new milestone, head of RateSetter Motor Finance, Nick Elkan, reportedly stated: “These are exciting… Read More

September 15, 2016 @ 11:33 pm By Georgia Quinn  |  

  When I realized the 2016 AltFi Conference was at the posh Pierre Hotel on the corner of Central Park, it immediately gave me pause. I remembered 2007 and 2008 when certain mortgage-backed security investment conferences were held at such addresses. Also, is the storied… Read More

September 15, 2016 @ 9:09 am By JD Alois  |  

Ron Suber, President of Prosper Marketplace, presented at the Fall AltFi conference in Manhattan yesterday and delivered a keynote address on the status of marketplace lending. Now most industry observers know that  the online lending industry was hit with a one-two punch this year. As the economy… Read More

September 15, 2016 @ 8:04 am By JD Alois  |  

  TWINO Group, a European consumer lender, has announced that it has reached a new funding milestone of €300 million in issued loans. TWINO also operates a peer to peer lending platform that has funded approximately €50 million in loans.  Interestingly, TWINO points out that 8%… Read More

September 14, 2016 @ 5:46 pm By JD Alois  |  

Lending Club (NYSE:LC), the leading marketplace lending platform in the US, just announced the hiring of its new CFO, Thomas Casey, following the departure of Carrie Dolan announced several weeks back. Today, Lending Club is revealing what they had to pay Casey to gain his… Read More