Tagged: p2p

August 19, 2015 @ 11:09 am By Samantha Hurst  |  

Grouplend, Canada’s peer-to-peer (P2P) lending platform, announced on Wednesday that it has closed an additional round of financing, having raised $10.2 million since launching ten months ago. The round is being led by Markus Frind, CEO of PlentyofFish, and Lance Tracey, founder of Peer 1… Read More

August 19, 2015 @ 10:55 am By JD Alois  |  

Latvia-based peer to peer lending platform Twino has reaffirmed its push to offer investors a unique buyback guarantee.  Twino states it is the only European direct lender to offer such assurance. Part of parent company FinaBay, the Twino states it has 7 years of online lending experience and… Read More

August 19, 2015 @ 7:00 am By JD Alois  |  

The US Department of Treasury issued a “Request for Information” (RFI) on the burgeoning Marketplace / P2P lending sector several weeks back.  As summer vacations are quickly coming to an end, Treasury has decided to give direct lenders and interested parties a bit more time… Read More

August 18, 2015 @ 10:05 pm By JD Alois  |  

UK-based peer to peer lender MarketInvoice has raised a solid £6 million in a Series A funding round.  MarketInvoice is a direct lender that provides interim funding to firms via invoice financing.   MarketInvoice previously raised £5 million in December 2014. Launched in 2011 the… Read More

August 18, 2015 @ 4:30 pm By Samantha Hurst  |  

NSR Invest, a managed account investment platform that provides peer-to-peer (P2P) investment tools to financial advisors, today launched a new generation of software that will allow financial advisors to easily establish and manage separate Lending Club investment accounts on behalf of NSR Invest’s clients through… Read More

August 18, 2015 @ 11:43 am By Erin Hobey  |  

Today CBR‘s Jimmy Nicholls posted research regarding London’s fintech scene, highlighting which companies have drawn the most money in their funding rounds. His results follow: 1. Funding Circle – £96m Perhaps the largest peer-to-peer lender in London is Funding Circle a technology start-up that began life… Read More

August 18, 2015 @ 9:15 am By JD Alois  |  

Dick Bove, an equity research analyst and frequent commentator on CNBC, has published an Op-Ed on CNBC about the legislative disaster called Dodd-Frank.  Bove does not mince words when he states,  “I thought it would be impossible to find a worse piece of legislation in… Read More

August 17, 2015 @ 7:01 pm By JD Alois  |  

Zopa has become the first UK peer to peer lender to surpass £1 billion (about $1.564 billion) in lending as direct lender states P2P lending has now become mainstream. The P2P lender has already matched more loans in 2015 than it did in the whole of… Read More

August 14, 2015 @ 10:55 am By JD Alois  |  

Chinese peer to peer lender Migang has formed a strategic partnership with Tianan Property Insurance to provide additional security to customers. According to a report in China News, Cao Xiaofeng, Chairman of Migang, said; “Risk control has been a challenge for P2P sector, and we… Read More

August 14, 2015 @ 10:05 am By JD Alois  |  

Mitchel Harad, a former executive at Lending Club, recently joined the Aussie peer to peer lending platform Society One.  Harad, who has been described as the “architect” of Lending Club’s growth,  states he joined the marketplace lending platform at a very similar point in its development… Read More

August 13, 2015 @ 8:56 am By JD Alois  |  

Crowdahouse was originally launched in 2012.  The crowdfunding platform sought to drive efficiencies in the buy-to-let market by providing capital via equity at minimum amounts of £5,000. Today Crowdahouse is changing direction by pivoting to debt based lending.  Gary Corben, co-founder and CEO of Crowdahouse,… Read More

August 12, 2015 @ 3:04 pm By JD Alois  |  

Kiran Lingam, Managing Director at LendTech Angels, has published his thoughts on the Citizen.VC No-Action letter released earlier this week.  Lingam, a securities attorney by education, sees the clarification pushing marketplace lenders to use 506(b), as opposed to utilizing 506(c) – an exemption that allows… Read More

August 12, 2015 @ 9:24 am By JD Alois  |  

Marketplace lending platform Lending Club (NYSE:LC)  has announced the release of a series of APIs for online brokers and advisors to more easily connect investors with Lending Club loans.  Labeled Lending Club Open Integration (LCOI), the new feature should make investor interaction more seamless while facilitating… Read More

August 11, 2015 @ 11:17 am By Erin Hobey  |  

  Ablrate, a UK peer-to-peer lending platform that offers investors access to asset-backed loans against aircraft transactions, has announced a partnership with The Just Loans Group PLC to provide commercial property-backed investment options on the Ablrate platform. “This collaboration represents a fantastic way for Ablrate’s… Read More

August 11, 2015 @ 2:09 am By Midori Yoshimura  |  

Syndex, welcome to the world of peer-to-peer lending. The New Zealand-based company today launched one of the country’s first online exchanges for buyers and sellers of proportionally-owned assets, according to a press release from farm investment company MyFarm. Shares in MyFarm’s $550 million of rural assets under… Read More

August 11, 2015 @ 1:13 am By Midori Yoshimura  |  

  While shares of Mogo Finance Technology Inc. have slid from $10 to $6 since the IPO–the company was the first Canadian online lender to go public–all is far from lost. After the $50-million IPO on June 25, Cormark research analysts Jeff Fenwick and Richard Tse believe the stock will… Read More

August 10, 2015 @ 4:12 pm By JD Alois  |  

The China Supreme Court released a judicial interpretation regarding liability for loans gone bad originated on peer to peer lending platforms. The court has stated that while borrowers receive funds via the platforms these intermediaries are not required to guarantee the loans and should not be held… Read More

August 10, 2015 @ 10:30 am By Candace Klein  |  

  As traditional lending tightened for consumers and small businesses, following the 2008 recession and the Dodd Frank regulatory environment that followed, alternative lending has now become quite the burgeoning new industry. And with alternative lenders ranging the gamut from near-bank products and terms to… Read More

August 10, 2015 @ 12:23 am By Midori Yoshimura  |  

  In the UK, more than 100 peer-to-peer lenders have applied for full authorization from the Financial Conduct Authority (FCA), which took over regulation of P2P last year, notes the Financial Times. Nearly 180 companies have interim permission to operate, according to figures obtained from the FCA… Read More

August 9, 2015 @ 11:11 pm By JD Alois  |  

Not so bad for a 5 year old. Renrendai, a leading peer to peer lender in China, may hit 15 billion yuan (about $2.4 billion) in loans by the end of the year. The direct lending platform had transactions worth $1.4 billion (9 billion yuan) in… Read More