Tagged: p2p

November 4, 2015 @ 7:42 am By JD Alois  |  

  LendInvest, a peer to peer lender in the commercial property sector, has a good problem. Business is really strong.  The young lending platform has doubled its staff from 30 at the beginning of they.  Demand for its online lending services means it expects to… Read More

November 3, 2015 @ 6:19 pm By JD Alois  |  

Prosper is offering the opportunity for borrowers to have their loan paid in full free of charge once again.  The marketplace lending platform is launching their #MyProsperStory Video Contest to share your story as to how Prosper helped you to manage your finances more effectively…. Read More

November 3, 2015 @ 10:57 am By JD Alois  |  

ArchOver, a peer to peer lending platform, has enlisted Coface, a leader in credit insurance, to protect lenders from potential default on business loans. The new partnership is said to provide future protection of up to £100 million. The new arrangement will enable ArchOver to… Read More

November 3, 2015 @ 10:34 am By Erin Hobey  |  

The Centre for Alternative Finance at University of Cambridge Judge Business School and the Polsky Center for Entrepreneurship and Innovation team at Chicago Booth School of Business have joined forces to initiate the  2015 Americas Alternative Finance Benchmarking Survey.  This landmark survey is the first comprehensive and empirical assessment of crowdfunding, peer-to-peer lending (marketplace lending)… Read More

November 3, 2015 @ 7:07 am By Spencer Ang Li  |  

A bit late on providing this update, but back in August, the People’s Supreme Court of China issued a new ruling on matters related to private lending in China. Private lending is defined as lending between persons or entities that are not financial institutions sanctioned… Read More

October 30, 2015 @ 1:22 am By Midori Yoshimura  |  

What goes around, comes around, seems to be one concept behind the UK-based MoneyCircles.com, a decentralized peer-to-peer lending app that allows circles of people to get together and mimic a credit union to save and lend with one another, based on a “common bond.” The company is the… Read More

October 29, 2015 @ 2:34 pm By JD Alois  |  

Antonio Weiss, Counselor to the Secretary of the Treasury Jack Lew, spoke earlier today at the Information Management Network Conference in New York City. The topic of his speech was the marketplace / P2P lending industry and the recent interest by Treasury officials and their… Read More

October 27, 2015 @ 11:15 am By Erin Hobey  |  

The Indian fintech platform Razorpay has raised US$9 million in Series A funding led by leading VC firm Tiger Global, with participation from existing investor Matrix Partners, according to a release.  Including its US$2.5M seed funding round, the company’s total fundraise to date is US$11.5 million.  Funding will be used to build Razorpay’s product and… Read More

October 27, 2015 @ 11:00 am By Erin Hobey  |  

  “We think that the research will provide useful metrics on which sound policy can be built and measured.  Ideally, policy should encourage opportunity and entrepreneurship.” Working at the intersection of entrepreneurship and marketing communications, Professor Robert Rosenberg of the University of Chicago Booth School of… Read More

October 27, 2015 @ 1:49 am By Midori Yoshimura  |  

Last week, Financial Conduct Authority Chair and acting CEO Tracey McDermott visited Parliament last week, and spoke before the Treasury Select Committee on topics including alternative financing sources. She addressed questions of risk for investors in crowdfunding and peer-to-peer lending, as well as the role of regulation…. Read More

October 26, 2015 @ 11:06 am By Samantha Hurst  |  

ReadyforZero, a company that was acquired by marketplace lender Avant, announced on Monday that that free credit monitoring is now available to all users with personal financial tools. With this new feature, users can manage both their personal debt and credit from a single web and… Read More

October 26, 2015 @ 7:51 am By JD Alois  |  

China’s internet finance industry continues to grow dramatically, but this rapid growth has been paired with a high number of dodgy p2p platforms and failures.  According to a report published in QZ, research completed by Morgan Stanley and Wangdaizhijia states that since 2007, 370 peer… Read More

October 22, 2015 @ 11:15 am By Erin Hobey  |  

Since summer Goldman Sachs Group has created significant buzz when the bank announced its plan to launch an online marketplace lender unit as early as next year.  Hiring engineers, data scientists, operations staff and customer service professionals is the logical next step for Goldman, as it builds… Read More

October 21, 2015 @ 6:36 pm By Midori Yoshimura  |  

  Former Googlers Dave Girouard and Anna Mongyat joined with Paul Gu (a Thiel Fellow) to launch Upstart in 2012.  Originally envisioned as a more altruistic lending platform that invested in the person and not the loan – somewhat similar to Pave –  the platform… Read More

October 21, 2015 @ 1:42 pm By Samantha Hurst  |  

Lend Academy Holdings, a media, conference and technology business focused on the global online lending industry, recently announced it has launched LendBase, an information tool for the peer-to-peer and online lending community. LendBase is a free, open database containing valuable information about nearly every aspect… Read More

October 21, 2015 @ 12:54 pm By Samantha Hurst  |  

Bondora, a pan-European marketplace lender, opens to accredited investors from the United States, Canada, Mexico, Brazil, South Africa, India, Hong Kong, Singapore, Japan and Australia. The platform now allows global accredited investors to invest directly into personal unsecured loans across three European markets including Spain,… Read More

October 21, 2015 @ 11:16 am By Samantha Hurst  |  

This week, Platform Black announced it has funded over £100 million in invoices for UK SMEs. The provider of alternative finance has reached this milestone in just three years since the company’s inception, an achievement which highlights the soaring demand from UK businesses for access to… Read More

October 21, 2015 @ 9:54 am By JD Alois  |  

Argentina based Afluenta, a P2P lending platform, is staking claim as the first crowdfunding platform to set up shop in Peru.  The company reports this is the first step in a significant regional expansion. The company expects to launch in Mexico and Colombia, followed by Brazil,… Read More

October 21, 2015 @ 9:24 am By JD Alois  |  

Zopa, the UK’s largest peer to peer lender, has announced the appointment of Nigel Morris as non-executive Board Member. Morris, currently the Managing Partner at QED Investors, is the co-founder of Capital One. QED has invested in well known Fintech companies, including, Credit Karma, Avant Credit,… Read More

October 20, 2015 @ 8:08 pm By JD Alois  |  

The Peer to Peer Finance Association (P2PFA), the trade group that represents P2P lending platforms in the UK, has published data reflecting member loans for Q3 of 2015.  The P2PFA represents over 90% of loan volume in the UK and is highly representative of industry… Read More