Tagged: p2p

June 28, 2016 @ 7:13 am By JD Alois  |  

Scott Sanborn, previously named “Temporary” Chief Executive Officer of Lending Club (NYSE:LC), may now remove the temporary portion of his title.  Sanborn is now the CEO of Lending Club following a decision by the Board of Directors.  The Board has tasked Sanborn with transforming the… Read More

June 27, 2016 @ 7:41 am By JD Alois  |  

Commercial mortgage marketplace lender LendInvest saw its ARC Ratings affirmed receiving a Limited SQ1 Servicer Quality rating, with stable outlook. Revealed last Friday, ARC stated; “LendInvest, the mortgage marketplace lender, was previously accorded a public SQ1 Servicer Quality rating on 23rd June 2015. Over the past… Read More

June 24, 2016 @ 3:41 pm By Samantha Hurst  |  

This week, Prosper unveiled its very own guide to investing in marketplace lending. This news comes just days after announcing the launch of its new retail investor experience. The Prosper team revealed: “In today’s volatile economy, people are increasingly shying away from the stock market and seeking… Read More

June 24, 2016 @ 7:54 am By JD Alois  |  

Peer to peer lender Assetz Capital is “optimistic” following the decision by UK citizens to depart the EU.  The leave vote has, in their opinion, created an opportunity; “Brexit will create a big opportunity for Assetz Capital’s investors as bank interest rates on business loan… Read More

June 23, 2016 @ 8:50 am By JD Alois  |  

In a public statement referencing the Brexit, the CEO and founder of auxmoney, the largest German P2P lender, pointed to the current environment of high-volatility in markets and the contrasting, relative stability of investing in P2P loans. Reflecting the Brexit,Raffael Johnen stated; “Especially in this environment, P2P loans… Read More

June 22, 2016 @ 9:42 am By JD Alois  |  

Assetz Capital has formed a strategic relationship with FundBay, a deal matching platform.  As part of the relationship, Assetz Capital has created some new commercial mortgage products. According to Assetz Capital, the company has been collaborating with the Fundbay team in the development these new loan products for… Read More

June 20, 2016 @ 1:44 pm By JD Alois  |  

John Mack, a bit of a legend in the banking world who garnered the nick-named Mack the Nice (in contrast to some other less savory nicknames for other iBankers), visited the studios of CNBC this morning to discuss a broad range of topics.  Mack is… Read More

June 20, 2016 @ 9:45 am By Samantha Hurst  |  

On Monday, peer-to-peer lending platform, Zopa, announced it has teamed up with risk management business, Sphonic, to launch the Workflow Manager (WFM) solution for real-time fraud detection. Zopa reported that WFM’s software acts as a context-broker that leverages data points from over 50 of the… Read More

June 18, 2016 @ 3:02 pm By JD Alois  |  

This past week LendInvest appointed  Stephen Wilcke as a Senior Advisor.  Wilcke has a long track in finance including being  CEO of HM Treasury’s Asset Protection Agency.  He was also head of OneSavings Bank where he positioned the firm for an IPO back in 2014.  Now… Read More

June 17, 2016 @ 9:27 am By Samantha Hurst  |  

Earlier this week, New Zealand social enterprise, Eat My Lunch, launched the first campaign on PledgeMe’s new peer-to-peer (P2P) lending platform, PledgeMe.Lend. Setting out to raise $500,000, the initiative has already raised over 20% ($100,000) of its initial goal. Earlier this spring, co-founder and CEO of PledgeMe, Anna… Read More

June 17, 2016 @ 8:21 am By JD Alois  |  

LendInvest, the leading online lender of commercial mortgages in the UK, has appointed Stephen Wilcke as a Senior Advisor.  Wilcke is the former Executive Chairman of OneSavings Bank – a FTSE 250 specialty lender.  According to LendInvest, Wilcke led OneSavings Bank on an extensive turnaround,… Read More

June 16, 2016 @ 4:24 pm By Samantha Hurst  |  

This week, co-founder and chief commercial officer of Landbay, Gray Stern, sat down with The Asian Banker to discuss the peer-to-peer lender’s growth along with the importance of transparency in the fintech industry. Landbay, which founded by Stern and John Goodall, allows individuals to invest in… Read More

June 14, 2016 @ 12:11 pm By JD Alois  |  

In 2011, an average of 8,000 small and micro businesses were denied funding each day from traditional banks. This statement is not from some fanatical Fintech entrepreneur but our current Secretary of the Treasury, Jack Lew.  It is this profound gap between demand, and supply,… Read More

June 13, 2016 @ 9:22 am By JD Alois  |  

Long-time Orchard Senior Advisor Bill Ullman has been appointed Chief Commercial Officer of the Fintech firm. Ullman has been providing his insight and perspective to Orchard since the firm was founded in 2013.  Ullman, reporting directly to Orchard CEO Matt Burton, will now direct global… Read More

June 11, 2016 @ 10:00 am By JD Alois  |  

The Federal Trade Commission (FTC) held its first in a series of forums on Fintech this past week.  At the top of the list was the marketplace lending sector. Marketplace lending, originally labeled Peer to Peer lending, has been a hot topic within the financial… Read More

June 11, 2016 @ 9:30 am By Samantha Hurst  |  

Peer to peer lending platform Zopa announced on Friday that it was named Moneywise Customer Service Awards’ Most Trust Loan Provider for the seventh year in a row. The awards event is described as the “authoritative stamp of approval by the UK consumer,” recognition is given… Read More

June 10, 2016 @ 4:51 pm By Samantha Hurst  |  

Lending Works, a UK-based peer to peer lender, announced this week that it has been named Best Peer-to-Peer Platform for Savers Winner at the 2016 Moneywise Customer Service Awards, which is described as the “authoritative stamp of approval by the UK consumer,” recognition is given to… Read More

June 10, 2016 @ 9:51 am By JD Alois  |  

Lord Adair Turner, former FSA Chair and pointed critic of the UK peer to peer lending industry is scheduled to speak at Lendit Europe in London this fall.  Turner, speaking with the BBC earlier this year, made the statement; “The losses which will emerge from… Read More

June 10, 2016 @ 7:38 am By JD Alois  |  

This week the Monetary Authority of Singapore (MAS) revealed their approach to “securities crowdfunding” announcing that platforms may raise up to S$5 million (USD $3.7million) from both sophisticated and retail investors.  The approach is more in line with the UK than the US providing a… Read More

June 9, 2016 @ 11:56 am By JD Alois  |  

ESF Capital has signed a deal to provide £4.6 million to Satago, an online lender that provides cash-flow/receivable financing to UK SMEs.  ESF Capital is the same entity that acquired peer to peer lender ThinCats while providing a significant capital injection. Satago is also interesting… Read More