Tagged: p2p

February 11, 2016 @ 9:27 am By JD Alois  |  

The godfather of peer to peer lending Zopa, has published some information on the forthcoming Innovative Finance ISA.  The long awaited update to ISAs will finally take place this coming April. At that time, savers will be able to add P2P / marketplace lending assets… Read More

February 10, 2016 @ 11:30 am By Therese Torris  |  

Today at Finovate Europe in London, quite a few attendees were startled to hear Jevhenijs Kazanis, Twino’s CEO, confidently assert: “Twino will buy back any non performing loan after a 30 day period of delinquency.” How could that work? Many wondered. It was already startling… Read More

February 10, 2016 @ 10:09 am By JD Alois  |  

In an interview today on BBC, Lord Adair Turner, former Chair of the FSA (predecessor to the FCA), shared his opinion on banking and the financial industry in general, including a discussion on the burgeoning peer to peer lending sector.  Lord Turner, it appears, is… Read More

February 9, 2016 @ 2:40 pm By JD Alois  |  

Lemonade, a peer to peer insurance platform that seeks to address the profound shortcomings of the multi-trillion dollar insurance industry now has some prominent names backing the young company.  Announced today, Lemonade has now received the support of “top tier” global reinsurance partners including Berkshire… Read More

February 7, 2016 @ 1:07 pm By JD Alois  |  

Leading marketplace lending platform Prosper acquired an Israeli startup towards the end of 2015 called BillGuard.  BillGuard’s service allows consumers to track their spending across many accounts, budget effectively, and protect their money from wrongful charges while monitoring a user’s credit score. It may also… Read More

February 6, 2016 @ 7:21 pm By JD Alois  |  

Hanwha, one of the largest conglomerate companies in South Korea, has launched a partnership with Dianrong a leading peer to peer lender in China. The as of yet named entity will open an office in Singapore later this month. Hanwha is a Chaebol that formed an technology… Read More

February 5, 2016 @ 2:03 pm By JD Alois  |  

Sensible Lender, a UK peer to peer lending platform, has made the jump from auctioned interest rates to fixed rates set by the online lender. Sensible is not the first to make this change. In fact, one of the largest platforms in the UK, Funding… Read More

February 3, 2016 @ 2:30 pm By JD Alois  |  

In the UK, similar to other parts of the world, SMEs are the engine of economic growth and associated job and wealth creation.  According to the Federation of Self-Employed and Small Businesses (FSB); Small businesses account for 99.3% of all private sector businesses at the… Read More

February 1, 2016 @ 9:23 am By JD Alois  |  

Peer t0 peer lender Assetz Capital has revealed it has secured funding from “a number of financial institutions” and will be providing access to capital for UK SMEs.  Assetz Capital provides a variety of products including commercial mortgages, SME term loans, development finance, bridge loans,… Read More

February 1, 2016 @ 8:06 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has published end of year numbers for 2015. The P2PFA tracks the top peer to peer lenders in the UK.  In Q4 of 2015, P2PFA members generated just shy of £650 million in loans. Their numbers also… Read More

January 31, 2016 @ 9:47 pm By JD Alois  |  

Banking regulators are said to be establishing a “monitoring and warning system” against financial risk and fraud. This is a according to a report in China News that reported a statement that was released at a conference on political and legal work earlier this month…. Read More

January 29, 2016 @ 9:11 am By JD Alois  |  

VPC Specialty Lending Investments (LSE tickers: VSL and VSLC) has declared an “interim” dividend of 2.0 pence per ordinary share for the quarter ending December 21, 2015.  VPC also declared a 1.07 pence per share dividend for C shares for the period from October 2nd to… Read More

January 28, 2016 @ 12:04 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform, LendInvest, announced it has published its 2015 report. Highlights from 2015 include the following: Lowered minimum investment from £10,000 to £1,000 Completed UK’s largest ever Series A Funding with £22 million investment by Beijing Kunlun for 20% shareholding. Became world’s… Read More

January 27, 2016 @ 10:18 am By JD Alois  |  

Estonia based Bondora has topped a significant milestone. According to the peer-to-peer lender, as of yesterday they have surpassed €50 million in loans.  Their base of investors, at last count, stands at 12,641.  Their site states these investors come from 37 different countries. Borrowers now number… Read More

January 26, 2016 @ 8:51 am By JD Alois  |  

Following a €600,000 investment, Investly has launched a peer to peer lending platform targeting UK SMEs. Investly is an invoice finance platform similar to market leader MarketInvoice. SpeedInvest, a venture capital group that has been active in the Fintech space, provided the financing to enable… Read More

January 25, 2016 @ 8:44 am By JD Alois  |  

Peer to peer lender Folk2Folk has announced the creation of a “Legal Panel” to support its national roll-out strategy.  This new entity is said to form a national network of law firms to support the company’s local secured lending model as a central part of… Read More

January 24, 2016 @ 9:30 pm By JD Alois  |  

According to a recent report, the total amount of loans for direct lenders in Germany stood at € 16 million for 2016. Peer to peer, or marketplace lending is on the rise in many countries including Europe’s largest single economy. As published in iBusiness using data… Read More

January 23, 2016 @ 11:28 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published a consultation paper to address the rules regarding client money requirements for “loan based crowdfunding platforms” including peer-to-peer & marketplace lending. According to the FCA, presently an investors money held in relation to peer to peer loans must… Read More

January 22, 2016 @ 3:12 pm By JD Alois  |  

RateSetter, a UK-based marketplace lending platform, has surpassed £1 billion in loans and is staking a claim in setting a record. According to the company, RateSetter accomplished this milestone in 1,933 days. “The company believes it is now the largest online retail money market in… Read More

January 22, 2016 @ 8:03 am By JD Alois  |  

TrustBuddy, a publicly traded peer to peer lending platform, filed for bankruptcy in October of 2015.  This event occurred soon after it was revealed that management had uncovered “suspected misconduct” regarding the operations of the firm. Once the announcement of financial irregularities hit, it was… Read More