Tagged: p2p

March 15, 2016 @ 9:04 pm By JD Alois  |  

The China Banking Regulatory Commission is talking tough when it comes to bogus online lenders. As reported in the China Daily,  Shang Fulin, Chairman of the CBRC, explained at a news conference regulators were cracking down of dodgy platforms; “The CBRC will strengthen regulation, intensify… Read More

March 15, 2016 @ 11:06 am By JD Alois  |  

Orchard Platform is holding a marketplace lending industry gathering today in New York City. The event is designed to help the industry scale and desires to be a positive catalyst in the evolution of online lending. Best practices, knowledge sharing and regulatory risk are key… Read More

March 15, 2016 @ 10:23 am By JD Alois  |  

StreetShares, an online lender providing access to capital for SMEs, has announced it has received SEC approval to leverage Regulation A+, enacted under Title IV of the JOBS Act, to deliver a crowdlending product. StreetShares described the qualification as “Historic” and a first for the… Read More

March 15, 2016 @ 9:00 am By JD Alois  |  

Orchard Platform will be holding its first Partner Forum designed to help shape the future of marketplace lending.  The inaugural event will involve Orchard executives alongside industry executives such as Noah Breslow of OnDeck, Ron Suber of Prosper and Tom Glocer of Angelic Ventures. According… Read More

March 14, 2016 @ 6:28 pm By JD Alois  |  

As the day nears when George Osborne, Chancellor of the Exchequer, reveals the government’s forthcoming budget plan, the drums are pounding on what will be announced. Osborne has already messaged that weaker growth will force the Treasury to find further economies. This translates into cutting expenditures… Read More

March 14, 2016 @ 11:14 am By Samantha Hurst  |  

On Sunday, the Supreme People’s Court of the People’s Republic of China (SPC) announced that the country’s court system handled approximately 1.42 million cases regarding peer-to-peer lending during 2015. As reported by Xinhua, during the annual parliamentary session, SPC President, Zhou Qiang, noted that the… Read More

March 14, 2016 @ 9:00 am By JD Alois  |  

Prosper Marketplace and HomeAdvisor have signed a multi-year agreement for Prosper to be the exclusive partner to provide home improvement finance via the HomeAdvisor website. HomeAdvisor, based in Golden, Colorado, is an operating business of IAC (NASDAQ: IAC) and is said to have connected more than 35… Read More

March 14, 2016 @ 7:24 am By JD Alois  |  

Commercial mortgage lender LendInvest has received a £17 million Series Be investment from Atomico, the venture capital firm created by Skype creator Niklas Zennerström. Mattias Ljungman, who formed Atomico with Zennström, will take a seat on the LendInvest board.  Since 2006, Ljungman has been involved… Read More

March 14, 2016 @ 4:00 am By Midori Yoshimura  |  

In the sink-or-swim world of startups, recognizing and adapting to the unanticipated real needs of a market can be the way that a company makes it safely to success on the not-too-distant shore. Investly, an Estonian peer-to-peer (P2P) lending platform, has honed a keen sense of product/market fit, after its founder,… Read More

March 12, 2016 @ 2:22 pm By JD Alois  |  

Lending Loop launched its peer to peer lending platform in Canada last year. In the fall, Lending Loop stated that Dentons would assist in “full compliance with all applicable provincial and federal regulations”. Today, Lending Loop is on pause as it works things out as it… Read More

March 11, 2016 @ 8:22 am By JD Alois  |  

Estonia-based Bondora, a marketplace lending platform, has now surpassed € 1 million in loans processed via their site. Out of these applications € 150 million in loans have been approved and investors have funded over € 52 million. Bondora CEO and co-founder Pärtel  Tomberg commented on topping the… Read More

March 9, 2016 @ 10:18 pm By JD Alois  |  

Marketplace lending platform Prosper has moved quickly to leverage their recent acquisition of Israel-based BillGuard. Prosper has unveiled the “Prosper Daily” mobile App designed to give consumers a suite of tools to make better financial decisions, including viewing all their financial accounts in one place,… Read More

March 9, 2016 @ 8:13 am By JD Alois  |  

Peer to peer lender ArchOver has successfully closed a record £2.3 million working capital loan for Duradiamond Healthcare. The new credit facility was announced last month by ArchOver and was described as not just a record for their platform but for the online lending industry… Read More

March 8, 2016 @ 9:38 am By JD Alois  |  

Small business is extremely important for the economy. This is not just a US or UK issue, it is a global phenomenon. Small and medium-sized enterprises (SMEs) are the drivers of economic growth, job creation and thus wealth. Fostering an ecosystem that facilitates access to… Read More

March 7, 2016 @ 11:52 pm By JD Alois  |  

Squirrel Group, a mortgage broker and peer to peer lender is looking to raise $5 million in funding and they are using Snowball Effect to help things along.  The offer, which is coming prior to an anticipated public listing, has garnered significant interest. So much,… Read More

March 7, 2016 @ 2:19 pm By JD Alois  |  

Just like many other peer-to-peer lenders, ThinCats sees profound opportunity in the forthcoming Innovative Finance ISA (IFISA).  And just like many P2P lenders, they are still waiting on full FCA regulation to offer the new savings vehicle. ThinCats expects to receive FCA approval soon and,… Read More

March 6, 2016 @ 8:04 pm By JD Alois  |  

SoFi, perhaps the fastest growing marketplace lending platform, is investigating the possibility of launching a Real Estate Investment Trust (REIT). This is according to a report in Bloomberg that cited people with knowledge of the preparations.  SoFi is said to be considering the option as… Read More

March 6, 2016 @ 4:50 pm By JD Alois  |  

Investing via online platforms, be they a marketplace lender /P2P site, or a real estate crowdfunding platform, takes time and typically entails jumping from platform to platform.  As the internet finance industry matures, it is inevitable that new channels crop up to help facilitate investors… Read More

March 4, 2016 @ 9:53 am By JD Alois  |  

Estonia-based marketplace lending platform Bondora is now 7 years old. Hard to believe the platform has been around such a long time. CEO and co-founder, Pärtel Tomberg, commented on their anniversary. “It’s a great pleasure to celebrate Bondora’s 7th birthday with our community of investors and… Read More

March 3, 2016 @ 6:07 am By Erin Hobey  |  

Mercari, a Japanese peer-to-peer marketplace, has raised around $75 million ( 8.4 billion yen) at a reported valuation of more than $1 billion, reported Red Herring. The company’s Series D investment round includes Mitsui & Co, Development Bank of Japan and Sumitomo Mitsui Trust Bank’s Japan… Read More