Tagged: p2p

March 2, 2016 @ 2:57 pm By JD Alois  |  

Prosper Marketplace has appointed David Kimball as its Chief Financial Officer. Kimball was previously Senior Financial Officer of USAA’s Chief Operating Office in San Antonio, Texas. Before his tour at USAA, Kimball spent many years at the Ford Motor Company working in Finance. Most recently… Read More

March 2, 2016 @ 9:34 am By JD Alois  |  

Archover, a secured peer to peer lender, has announced that investors in VFS loans will have all capital repaid early, along with interest payments, as the company has received new financing. VFS Legal Limited, a company that specializes in providing cash flow loans to lawyers… Read More

March 1, 2016 @ 2:57 pm By Samantha Hurst  |  

“Peer-to-Business” crowdfunding platform InvestNextDoor announced on Tuesday it is bringing its award-winning, “Borrowing 2.0” business model home to Canada. According to InvestNextDoor, the Borrowing 2.0 delivers a model that seeks to reduce investment risk in current market conditions, and focus on above average fixed-income returns for retail… Read More

March 1, 2016 @ 11:47 am By Samantha Hurst  |  

Last month, peer to peer lender Zopa announced it launched a trio of new products to replace its existing lending offerings. Zopa Access, Zopa Classic and Zopa Plus are designed to offer more choice and flexibility to lenders.  For current lenders, Zopa will retire the existing… Read More

March 1, 2016 @ 9:20 am By Samantha Hurst  |  

On Tuesday, peer-to-peer lender, Wellesley & Co., announced that Peter Stott has joined the board of Wellesley Group as a non-executive director. The appointment is another major milestone for Wellesley and follows the recent senior appointments of group chief risk officer Stephen Bell and managing… Read More

February 29, 2016 @ 10:43 pm By Spencer Li  |  

Following the much-talked-about Ezubao $7.6 billion Ponzi scheme collapse at the end of last year, the perception and outlook of the Chinese online lending industry has grown increasingly negative both within and outside of China. Murmurs of regulation began floating around in early 2014 but… Read More

February 29, 2016 @ 2:55 pm By Samantha Hurst  |  

Marketplace lending platform, Avant, announced on Monday it has surpassed $3 billion in loan originations in the past three years. With 440,000 customers worldwide, Avant is changing the way consumers borrow by lowering the costs and barriers of borrowing. Founded in November 2012, Avant has reportedly… Read More

February 29, 2016 @ 7:57 am By JD Alois  |  

loanDepot has announced a new partnership with Orchard Platform – the company that is at the nexus of online lending and institutional participation. loanDepot will now be integrating its performance data into the Orchard U.S. Consumer Marketplace Lending Index and Market Data products. loanDepot states believes… Read More

February 29, 2016 @ 7:35 am By JD Alois  |  

Lending Works is hoping to launch their IFISA product on April 6th, just like most other peer to peer lending platforms. They too, like many others, are awaiting final approval by the FCA to offer the new saving vehicle. According to Lending Works, current regulation… Read More

February 28, 2016 @ 8:58 pm By Erin Hobey  |  

At age 22, recent George Washington University grad Julia Kurnia co-founded the world’s first microfinance organization built entirely from crowdfunding capital sourced over the internet, using funds raised from Kiva.org in Senegal, West Africa. She spent the next four years managing U.S. government grants to small businesses in… Read More

February 27, 2016 @ 3:23 pm By JD Alois  |  

VPC Specialty Lending Investments PLC (LSE:VSL), a publicly traded fund that invests in online lending platforms and assets, continues to see a strong pipeline of investment opportunities within the online lending sector. This is according to VPCs most recent report. The investment manager of the… Read More

February 25, 2016 @ 2:56 pm By Samantha Hurst  |  

Money360, a commercial real estate online marketplace lending platform, announced on Thursday the appointment of Prathit V. Thaker joined as Chief Risk Officer, and Peter J. Margolin as Midwest Regional Director.  Thaker reportedly brings more than 20 years of commercial real estate finance experience, specializing… Read More

February 25, 2016 @ 8:54 am By JD Alois  |  

The forthcoming Innovative Finance ISA (IFISA) launches on April 6, 2016.  This new savings vehicle is expected to drive value for both investors and peer to peer lenders alike.  For investors, the benefit is a better risk-adjusted return. All peer to peer lenders deliver far… Read More

February 25, 2016 @ 2:06 am By Midori Yoshimura  |  

UK investment for financial technology (FinTech) firms increased by 35 percent to $901M across 72 deals, according to statistics compiled through PitchBook by Innovate Finance, the not-for-profit membership association for global FinTech. The rise in UK investment was led by large funding rounds from Funding… Read More

February 24, 2016 @ 3:16 pm By Samantha Hurst  |  

On Wednesday, UK-based peer-to-peer lender, Wellesley & Co., announced it has appointed former chief risk officer and board director of the Ulster Bank Group, Stephen Bell, as group chief risk officer. In addition to his most recent role as CRO for Ulster Bank, Bell has a wealth… Read More

February 24, 2016 @ 12:09 pm By JD Alois  |  

Lemonade has hired Professor Dan Ariely as Chief Behavioral Officer.  Ariely is a heavy-hitter when it comes to Behavioral Economics.  His bio lists his current status as a professor of Psychology and Behavioral Economics at Duke University. But a recent Tweet by Dan is telling… Read More

February 24, 2016 @ 9:03 am By JD Alois  |  

Jake Wombwell-Povey, CEO & co-founder of Goji Holdings – a service provider for P2P platforms offering Innovative Finance ISAs (IFISA), has shared a comment letter submitted to HM Revenue & Customs.  According to the missive, the Financial Conduct Authority (FCA) and HMRC are not quite… Read More

February 23, 2016 @ 11:06 am By Samantha Hurst  |  

On Tuesday, Latvia’s peer-to-peer lending marketplace Mintos announced it has closed its seed funding round, which has attracted €2 million from Skillion Ventures, a Riga-based venture capital firm. Mintos is an aggregation platform that allows investors to access loans originated on a plethora of platforms –… Read More

February 22, 2016 @ 8:42 am By JD Alois  |  

Peer to peer lender ThinCats has topped £150 million in loans since its founding in 2010. ThinCats is an online lender that provides access to capital for British SMEs. The P2P lender shared the top four sector loan beneficiaries over past five years include financial… Read More

February 21, 2016 @ 3:07 pm By JD Alois  |  

The government crackdown on internet finance, probably best exemplified by the Ezubao collapse and incarceration of the P2P lenders executives, has slowed the growth of the online lending industry.  According to a report in China News, as of January, there were 2771 platforms in operations in… Read More