Tagged: p2p

November 22, 2015 @ 6:24 pm By JD Alois  |  

ThinCats Australia has posted an update on their progress and according to the platform after one year of operations the peer to peer lending platform has arranged approximately $2 million in loans. Interest rates have ranged from 11.5% to 14.5% from a group of “diverse”… Read More

November 22, 2015 @ 6:06 pm By JD Alois  |  

LendingRobot announced a new partnership this past week. Funding Circle, an SME marketplace lending platform, is now available to investors using LendingRobot’s auto investment service which previously listed Lending Club and Prosper loans. LendingRobot CEO Emmanuel Marot stated the addition demonstrated their platform was “extensible… Read More

November 21, 2015 @ 6:09 pm By JD Alois  |  

The FDIC has published an advisory on Effective Risk Management Practices for Purchased Loans and Purchased Loan Participations.  The document states that banks should use caution when purchasing loans or participating in shared credit facilities.  Noting that some institutions have experienced some success to achieve growth… Read More

November 20, 2015 @ 9:46 am By JD Alois  |  

Peer to peer lending platform RateSetter has topped £1 million in SIPP investments, this is a according to information provided by the company representatives.  RateSetter launched its pension offering this past April and is nearing £1.5 million in assets under management. RateSetter has formed partnerships… Read More

November 19, 2015 @ 11:19 pm By Spencer Li  |  

When the State Council of China issued its guidelines for the internet finance industry in July, the single most talked about guideline among platform operators is the government’s encouragement of banks to provide custodian services for investor funds used for platform transactions. Many have interpreted… Read More

November 18, 2015 @ 4:00 am By JD Alois  |  

Taking a page out of the august Economist, Bitbond has launched BitcoinPPI; an index that measures bitcoin purchasing power measured in Big Macs.  Yes, that eternal benchmark of consumable wealth is put to use once again. The hamburger. The Big Mac index was launched by the… Read More

November 17, 2015 @ 5:25 pm By JD Alois  |  

Dubai-based Beehive, a marketplace/P2P lending platform has celebrated it’s one year anniversary this week.  In September 2015, Beehive pioneered a global first by becoming the first independently certified Sharia compliant P2P platform.  With its Sharia-compliant offering, Beehive supports Dubai’s strategy to become the capital of the… Read More

November 16, 2015 @ 2:10 pm By Samantha Hurst  |  

AltFi, a media outlet for alternative finance, recently announced the winners of this years AltFi Awards. Among the winners were Funding Circle and SyndicateRoom. It was noted that this year AltFi split the award categories into three sections: Industry, Small Business & Investor. “For the industry… Read More

November 16, 2015 @ 10:00 am By Georgia Quinn  |  

At a time when some are claiming that marketplace lending has not gone far enough to challenge the traditional banking system, Sam Hodges and Funding Circle have quietly proven that steadily acting on your principles and advancing your mission, can achieve meaningful change. It had… Read More

November 13, 2015 @ 3:22 pm By James Tuckett  |  

Hot of the press research by the Yorkshire Building Society (YBS) suggests that around 405,000 ISA savers could choose to use crowdlending (P2P), as it becomes part of the ISA family in 2016. This marks a huge number of people entering into the crowdlending market…. Read More

November 12, 2015 @ 8:13 pm By Erin Hobey  |  

  “I think Fintech, particularly as it applies to lending, has the capacity to completely transform how consumers and small business use credit. The best platforms are true innovators, underwriting consumers and small businesses in new ways using data that was simply unavailable ten or… Read More

November 12, 2015 @ 9:38 am By JD Alois  |  

Two UK councils have partnered with peer to peer lending platform Funding Circle on a £2 million deal designed to assist local businesses access capital. Babergh and Mid Suffolk Councils will commence lending via Funding Circle this week.  Each council will channel £1 million for… Read More

November 11, 2015 @ 12:46 pm By Samantha Hurst  |  

Direct Lending Investments LLC, a marketplace lending and private investment firm that makes short-term, small business loans available in fund form to accredited investors looking for high income and growth without interest rate risk, announced on Wednesday it has surpassed $350 million dollars in assets… Read More

November 10, 2015 @ 2:08 pm By Erin Hobey  |  

This morning, P2P-Banking.com guest writer Josep Nebot, Co-founder and Representative Director of the P2P lending platform Arboribus writes about the current situation of P2P lending in Spain. Before founding Arboribus, Nebot worked as a lawyer and an International Cooperation for Development business consultant in Spain and South America. In… Read More

November 9, 2015 @ 9:00 am By Georgia Quinn  |  

  It has been almost a year and a half since my last visit to Lending Club and my last interview with Renaud Laplanche its CEO. A lot has changed since then, but even more has stayed the same. Lending Club is now a public… Read More

November 8, 2015 @ 7:22 am By JD Alois  |  

Karen Mills, former Administrator of the Small Business Administration and current Senior Fellow at Harvard University, co-authored a study on credit markets and SMEs back in 2014.  She recently presented at LendIt Europe on the state of Marketplace / Peer to peer lending. While at… Read More

November 7, 2015 @ 12:38 pm By Spencer Li  |  

  Last month I attended LendIt Europe in London (Oct. 20-21) to learn more about developments in the marketplace lending industry in the UK and in broader continental Europe. LendIt has once again done an excellent job organizing the conference and brought together a wealth… Read More

November 6, 2015 @ 2:26 am By Midori Yoshimura  |  

Aussie startup MoneyPlace will next year be among the earliest Australian peer-to-peer lenders to open up to “mum and dad investors” (read: small-scale nonprofessional investors) as of Monday, Nov. 2, noted the Sydney Morning Herald. The Melbourne-based MoneyPlace has been in the works for two years, including… Read More

November 5, 2015 @ 2:00 pm By Midori Yoshimura  |  

  It was an accident that led Krista Morgan to peer-to-peer lending in 2008–a jolt caused by the high interest rate she was quoted when applying for a personal loan, during a time of notably low interest rates in the UK. After finding Zopa, one of the… Read More

November 4, 2015 @ 9:25 am By JD Alois  |  

Peer to peer lending continues to grow dramatically in China. We have become accustomed to regular reports of record-setting months of loans originated.  October was apparently no different, according to a report in the ShanghaiDaily, P2P lenders transacted 119.6 billion yuan or over $18.9 billion… Read More