Tagged: p2p

April 19, 2016 @ 11:56 pm By JD Alois  |  

The largest bank in South East Asia, DBS, has signed an agreement with two peer to peer lending platforms to refer small business loans the bank turns away.  MoolahSense and Funding Societies will now become a service provider for the far larger bank. Simultaneously, both… Read More

April 19, 2016 @ 8:46 am By JD Alois  |  

Marketplace lender Lendix has acquired short term loan specialist Finsquare. Lendix, the largest marketplace lending platform in France, said that Finsquare’s product addressed a “real demand for lenders and borrowers alike.”  The acquisition was viewed as highly complementary to the Lendix platform – an online lender… Read More

April 19, 2016 @ 8:01 am By JD Alois  |  

In an independent report conducted by Equity Development, peer to peer lender ArchOver has received a nice affirmation of their secured lending approach. The publication entitled, “How to Make a Relatively Safe 5% PA Return” (registration required), labeled their business model as perhaps the best practice… Read More

April 18, 2016 @ 7:47 pm By JD Alois  |  

In a letter addressed to the General Accounting Office (GAO), signed by Democratic Senators Jeff Merkley, Sherrod Brown, and Jeanne Shaheen, a request was made to research and make recommendations regarding Fintech and Peer to Peer / Marketplace Lending. The letter, dated April 18, 2016,… Read More

April 18, 2016 @ 11:24 am By JD Alois  |  

According to multiple reports, HSBC is committing £10 billion in lending to UK SMEs. This announcement comes on the heels of a notice that HSBC has introduced its virtual platform that cuts business loan application and approval times – in half. Richard Davies, COO of… Read More

April 17, 2016 @ 7:16 pm By JD Alois  |  

SocietyOne, has now originated over $100 million in loans according to a release by the company this week.  SocietyOne is the largest Aussie marketplace / P2P lending platform. Australia’s “first” marketplace lending platform has also closed a $25 million funding round, according to a report… Read More

April 15, 2016 @ 7:19 pm By JD Alois  |  

  This past week, Lendit occurred as the annual gathering of online lending platforms and other affiliated companies from around the world. The meeting took place in San Francisco this year – the epicenter of tech innovation. In 2013, a mere three years ago, Lendit… Read More

April 12, 2016 @ 12:54 pm By Samantha Hurst  |  

PeerLend, an India-based peer-to-peer (P2P) lending platform, announced on Monday the launch of its new software service PeerZoom. According to the company, PeerZoom allows users to customize and configure its lending portal in the shortest time possible.  Features include: Change catalysis and architecting: PeerLend’s engagement… Read More

April 11, 2016 @ 11:58 am By Erin Hobey  |  

 Kickfurther, a leading inventory and invoice financing marketplace that connects companies and buyers seeking qualified short-term deal financing, and NSR Invest, a leading peer-to-peer investment management platform, announced a strategic partnership at LendIt USA 2016 to increase data-driven investment capabilities to the Kickfurther platform. “This partnership… Read More

April 11, 2016 @ 10:20 am By JD Alois  |  

Despite a recent slowdown in the marketplace lending sector, a report authored by Wharton FinTech and Richards Kibbe & Orbe states that institutional investors remain optimistic. This optimism has been matched by increasing investment. The report based on a survey of 300 institutional investors states… Read More

April 10, 2016 @ 2:59 pm By JD Alois  |  

In the first bi-monthly Monetary Policy Statement, 2016-17 Dr. Raghuram G. Rajan,  Governor of the Reserve Bank of India, stated that a conceptual document will be posted on their website by the end of the month.  According to the statement from last week; Peer to Peer… Read More

April 10, 2016 @ 6:51 am By JD Alois  |  

  As lending and other banking services migrate to online services rather than brick and mortar locations, startups and established financial service companies alike are seeking help in making the transition to internet finance.  Cloud Lending is one of the companies aiding in this transition… Read More

April 7, 2016 @ 11:20 am By Erin Hobey  |  

Since the inception of online lending, P2P platforms have had to rely on outdated Self-Directed IRA (“SDIRA”) paper-based processes and infrastructure.  P2P platforms have grown increasingly frustrated in their inability to offer retail customers a simple and cost-effective way to purchase notes using 401(k) and… Read More

April 7, 2016 @ 11:00 am By JD Alois  |  

LendingRobot, an online automated investment tool helping investors manage their portfolio of assets from Lending Club, Funding Circle and Prosper, has launched a new mobile application. The Seattle based company states there have been over $6 billion in loans and yet not a dedicated mobile… Read More

April 6, 2016 @ 11:04 am By Samantha Hurst  |  

Last week, Middle East peer-to-peer (P2P) liwwa announced that it has secured $2.3 million during a seed investment round, which was led by Silicon Badia with participation from by Bank al Etihad, DASH Ventures, and MENA Venture Investments (MVI). Established in 2012, Liwwa was incubated at Harvard’s Innovation Lab before… Read More

April 4, 2016 @ 2:15 pm By JD Alois  |  

Orchard Platform connects most of the established marketplace lending platforms to institutional investors via their virtual data pipes.  The company is at the epicenter of the online lending industry and recently held a gathering of many well-known lenders this past March. During their inaugural partner… Read More

April 4, 2016 @ 12:27 pm By JD Alois  |  

Squirrel Group, an alternative finance platform consisting of Squirrel Money, Squirrel Mortgages, Squirrel Money Services and TenanSee is now open to the general public on Snowball Effect.  As Crowdfund Insider reported previously, Squirrel Group is seeking a sizeable equity crowdfunding round of $4.97 million. Last… Read More

April 2, 2016 @ 10:38 am By JD Alois  |  

Since originating its first loan in 2015, Lendix has grown quickly to become a dominant player in the online lending sector in France.  At the beginning of the year, Lendix had raised €11 million in loans to finance 57 SME projects. As of last week,… Read More

April 1, 2016 @ 7:34 am By JD Alois  |  

On the eve of the launch of the IF ISA, RateSetter has announced the appointment of two senior executives; Jim Gunner has joined the RateSetter board ad Non-Executive Director and Chair of the Risk Committee and Nigel Wilkinson is now Head of Commercial Credit. Both… Read More

March 31, 2016 @ 12:58 pm By Samantha Hurst  |  

Prime Meridian Capital Management, a company specializes in an online peer-to-peer (P2P) lending strategies, announced on Thursday the launch of its Real Estate Lending Fund. This new fund reportedly offers investors a diversified and short duration loan portfolio with no hard lock-up. Sharing details about the fund, Prime Meridian explained:… Read More