Tagged: p2p

August 7, 2015 @ 8:50 am By JD Alois  |  

Young buy-to-let lender Elevate Capital is using Profile Software‘s peer-to-peer lending solution. Profile has created FMS.Next, an online banking solution, that can power P2P lending platforms. Elevate launched in early 2015 and has been slowly ramping operations. According to a statement provided by Profile, “Elevate,… Read More

August 7, 2015 @ 8:00 am By Giles Andrews  |  

This is a question I get asked a lot. And the usual line of thinking of those asking the question is that it does matter.  The common assumption is that the increased activity of “institutional” funds is crowding out the core retail investors that platforms… Read More

August 7, 2015 @ 12:49 am By Midori Yoshimura  |  

    Would a “Safe Room,” a storage facility filled with 80 tonnes of silver and a tonne of gold, worth about S$120 million total, increase your confidence about participating in a peer-to-peer loan platform? Silver Bullion, a Singapore-based bullion retailer, is counting on it. The company just launched… Read More

August 6, 2015 @ 10:44 am By JD Alois  |  

Marketplace lending platforms have taken advantage of the fact that many were in attendance in DC for a gathering at the US Department of Treasury to publish a Small Business Borrowers’ Bill of Rights.  The coalition of signees included Funding Circle, Lending Club, Fundera and… Read More

August 5, 2015 @ 2:18 pm By JD Alois  |  

The US Department of Treasury held a discussion today regarding the fast growing Marketplace Lending industry.  Treasury released a brief statement regarding the event highlighting the panelists which included: Michael Barr, University of Michigan Law School William Black, Moody’s Investors Services Nick Bourke, Pew Charitable… Read More

August 4, 2015 @ 4:46 pm By JD Alois  |  

The largest marketplace lending platform in the United States reported Q2 results today. Lending Club (NYSE:LC) stated that loan originations grew to $1.91 billion versus the same period year prior where the direct lender facilitated $1.01 billion in loans.  Lending Club said total loans have now… Read More

August 4, 2015 @ 1:01 pm By JD Alois  |  

Renren, a Chinese social media platform and significant investor in disruptive finance, is going through a period of turmoil.  On July 31st acting Chief Financial Officer, Mr. Ashley Law Kwok Wai, resigned from his position at the company to “pursue another career opportunity”. Around the same time… Read More

August 3, 2015 @ 8:37 am By JD Alois  |  

Crowdfund Insider reported last month on the US Department of Treasury’s interest in the fast growing Marketplace / Peer-to-Peer lending space. Treasury published a “Request for Information” (embedded below) seeking public comment to study the various business models and review “how the regulatory framework should… Read More

August 1, 2015 @ 12:13 pm By JD Alois  |  

Neil Roberts, founder of New Zealand based peer to peer lender Harmoney, has unexpectedly stepped down as his role as a member of the platform’s Board of Directors.  Reportedly Roberts will remain as CEO. Roberts launched Harmoney as the first P2P platform in the country… Read More

July 29, 2015 @ 9:00 am By JD Alois  |  

Direct lending platform CommonBond has selected Morgan Edwards as its new Chief Financial Officer.  Edwards has spend the last 7 years as an MD at Macquarie Capital.  According to a company report, Edwards has tallied over 25 years in traditional finance.  At Macquarie he played… Read More

July 28, 2015 @ 10:30 am By JD Alois  |  

Direct lender Dealstruck has formed a partnership with LendingTree, an online loan marketplace. According to Dealstruck, LendingTree’s customers will gain access to Dealstruck’s multiple credit products. LendingTree has facilitated over 55 million loans to date. Dealstruck sited an example of Dennis Corrado who used a… Read More

July 28, 2015 @ 1:08 am By Midori Yoshimura  |  

  Moody’s Investor Service on Monday said that tighter regulations in China, which is Aa3 stable, have been successful in slowing the growth of core “shadow banking” activity. However, other alternative banking activities have been expanding more rapidly–a situation akin to pushing down on an inflating air mattress and watching the surrounding space rise… Read More

July 27, 2015 @ 12:12 am By JD Alois  |  

  Last week Crowdfund Insider published a report on how the US Department of Treasury was investigating marketplace lending and the rising prominence of online, direct lenders. While the interest is certainly understandable, anytime the government shows up – industry gets concerned.  While Treasury stated their… Read More

July 24, 2015 @ 2:23 pm By JD Alois  |  

New peer to peer lending platform Funding Societies has inked a partnership with Orangefield Trust to hold funds from lenders.  The collaboration is said to “provide lenders with greater confidence in engaging P2P lending platforms”. “We have taken steps to ensure there is no mishandling of… Read More

July 24, 2015 @ 11:37 am By JD Alois  |  

P2P Global Investments has successfully raised £400 million bringing their total raised to date to £870 million.  The Issue, which was over-subscribed, will issue 40 million C Shares, of which 38,200,016 C Shares will be issued under the Placing and 1,799,984 C Shares will be… Read More

July 24, 2015 @ 10:48 am By JD Alois  |  

  Orchard, the conduit platform for institutional money flowing into direct lending platforms, has published an update on the marketplace “Lendscape”.  Orchard is uniquely positioned to provide perspective into the evolving ecosystem because the majority of substantive marketplace lending platforms are plugged into their network…. Read More

July 24, 2015 @ 10:17 am By Karteek Patel  |  

Something strange is happening. It may be received wisdom that women tend to invest less than men, and that when they do they are more risk averse, but something is up. Something is changing and it’s changing in a pretty fundamental way that might mean… Read More

July 22, 2015 @ 3:54 pm By JD Alois  |  

Peer to peer lender ThinCats has appointed Jill Sandford as Head of Risk and Recoveries. She joins ThinCats on secondment from Baker Tilly a leading firm of business advisers where she is a Director of Restructuring and Recovery. According to ThinCats, Sandford will be responsible for… Read More

July 22, 2015 @ 6:42 am By JD Alois  |  

VPC Specialty Lending Investments (LSE: VSL) has announced that it has invested net IPO proceeds into 16 different direct lenders, in the US, UK and Europe, covering both the consumer and SME loan space. VPC states that it continues to execute on its capital deployment… Read More

July 21, 2015 @ 8:56 pm By JD Alois  |  

Funding Circle has declared approximately $235 million in lending for Q2, boosted in part by a solid June that saw $100 million in loans alone. Funding Circle stakes the claim as the “world’s leading online marketplace for business loans”. Funding Circle stated the US market grew a… Read More