Tagged: p2p

October 7, 2015 @ 2:00 am By JD Alois  |  

RateSetter, a UK-based peer to peer lending platform first opened up for operations in 2010, completing its first loan on October 7th.  Since that date, the online lending platform has matched over £815 million in loans, paid almost £25 million in interest to investors and… Read More

October 6, 2015 @ 9:49 pm By JD Alois  |  

P2BInvestor, an online lending platform that provides asset backed lending to SMEs, has forged its “first of several” partnerships with institutional investor HCG Fund Management. HCG, based in North Carolina, is very interested in P2P/Marketplace Lending opportunities of investing in loans. HCG was said to be… Read More

October 6, 2015 @ 8:40 am By JD Alois  |  

ZenCap, a one-year-old Berlin-based direct lending platform is presently the fastest growing site in continental Europe.  According to data published by AltFi, ZenCap has generated Year over Year growth of an astounding 445.3%.  The next closest growth rate is of Auxmoney at less than half that… Read More

October 2, 2015 @ 3:10 pm By JD Alois  |  

Fincera, a company that started in the transportation and automotive leasing business, is getting out of this sector to focus on internet finance.  The company announced earlier this week that “the company’s legacy truck leasing business ceased initiating new leases in August 2015.”  It’s internet… Read More

October 2, 2015 @ 12:40 pm By JD Alois  |  

Cross River Bank, chartered in the state of New Jersey, has joined with Marlette Funding on a joint $100 million securitization transaction targeting the Marketplace Lending sector. This transaction is said to be the first completed jointly by an FDIC insured bank with a marketplace… Read More

October 2, 2015 @ 12:16 pm By JD Alois  |  

Orchard, an important participant in the online lending world, benefits from a unique perspective.  The company powers the digital pipes that channel billions of dollars of institutional money into marketplace lending platforms.  As a valued partner in the P2P / Marketplace lending space, Orchard took… Read More

October 2, 2015 @ 11:30 am By Erin Hobey  |  

Fintech innovation in India is burgeoning!  Indian  Chillr, an Indian peer-to-peer (P2P) mobile money transfer app that spun off from MobME, secured US$6 million in a Series A round funding led by trailblazing Sequoia Capital, according to e27‘s Sainul Abudheen K. Run by Kochi-based startup Backwater Technologies, Chillr plans… Read More

October 2, 2015 @ 8:58 am By JD Alois  |  

Prosper has announced a new milestone. The marketplace lending platform has topped $5 billion in loans matched via its platform.  According to Prosper, the lending platform had a record quarter of $1.070 billion in loans.  Only a year ago, Prosper passed the $2 billion mark…. Read More

October 2, 2015 @ 1:59 am By Midori Yoshimura  |  

Just one year after France passed legislation permitting crowdsourced loans for small businesses, peer-to-peer platform Lendix has become the first to raise €1m in France for a company in a single transaction, according to the Financial Times. €1m, the maximum the new law permits, was raised for… Read More

September 30, 2015 @ 10:21 pm By JD Alois  |  

Online lending is undergoing a bit of an introspective period.  The US Department of Treasury published a request for information which posed multiple questions to industry participants and interested observers.  The UK P2PFA took the opportunity to share their point of view from across the… Read More

September 30, 2015 @ 1:45 pm By JD Alois  |  

Online lender Avant has inked a “definitive agreement” in a Series E funding round for $325 million. The funding is expected to close this October. Avant’s total equity raised now tops $650 million and debt raised goes to $1.1 billion. The lead investor in this… Read More

September 30, 2015 @ 11:47 am By JD Alois  |  

Lending Club (NYSE:LC), the largest marketplace lending platform in the US today, has submitted their opinion to the US Department of Treasury request for information (RFI) on the eve of the deadline for comments of September 30th, 2015.  Lending Club, the first publicly traded online lending… Read More

September 29, 2015 @ 3:41 pm By Samantha Hurst  |  

Lendio, an online marketplace platform for small business loans, announced on Tuesday that it continues to show signs of growth by funding over 500 small businesses in one month. In addition, business owners from all 50 states have now been funded through Lendio’s online loan marketplace. These… Read More

September 29, 2015 @ 11:10 am By Erin Hobey  |  

Thomson Reuters will begin tracking crowdfunding data on its Eikon desktop, as new research projects explosive growth in the UK’s alternative finance market.  Thomson Reuters partnered with Crowdnetic, a provider of real-time data and research to the global marketplace-lending and crowdfunded-startup industries for the new… Read More

September 28, 2015 @ 9:17 am By JD Alois  |  

Landbay has announced a new hire in Paul Clampin appointed as Chief Lending Officer. Clampin joins the peer to peer lending platform from Paragon Group and is said to have over 30 years of industry experience. While at Paragon, Clampin was Director of Mortgage Underwriting. Landbay states… Read More

September 28, 2015 @ 7:32 am By JD Alois  |  

NSR Invest, a platform that brings institutional type tools to investors in peer to peer loans, has partnered up with MonJa to add more sophisticated analytics for NSR Invest users. San Francisco-based MonJa specializes in loan strategy and portfolio analytics driven by a team of… Read More

September 26, 2015 @ 1:20 pm By JD Alois  |  

Back in April of this year, Jimubox, a young peer to peer lending platform based in Beijing, closed a funding round of $84 million.  Jimubox, founded only in August of 2013, has quickly risen to become one of the leading direct lending platforms in the… Read More

September 25, 2015 @ 2:24 pm By JD Alois  |  

Writing for the EveningStandard, Anthony Hilton states there are rumblings that a UK peer to peer lending firm may soon go under.  Hilton calls the alleged event a possible “crash” and a “mess”. While Hilton poses his statement as a question, it is certainly a… Read More

September 25, 2015 @ 9:21 am By Samantha Hurst  |  

Harmoney, Australasia’s peer-to-peer lending (P2P) marketplace, announced on Thursday that the company has completed a $200m funding round, led by P2P Global Investments PLC (P2PGI) managed by Eaglewood Europe LLC, a subsidiary of alternative asset manager Marshall Wace. The agreement includes both equity and debt, with… Read More

September 24, 2015 @ 12:19 pm By Erin Hobey  |  

British peer-to-peer lender Funding Circle announced its plan to raise £150 million ($229 million) through the launch of a new London-listed fund that will provide loans to small businesses. Once launched, With its eyes set on listing on the London Stock Exchange, Funding Circle would become the… Read More