Tagged: p2p

July 21, 2015 @ 5:57 pm By JD Alois  |  

Earlier this week, Prosper altered the way it handled charged-off loans. According to a company report, Prosper has now incorporated a “debt sale recovery strategy” created to increase the level of returns to investors. Prosper will now bundle charged-off loans to be sold. Prosper states… Read More

July 21, 2015 @ 5:48 pm By JD Alois  |  

CircleBack Lending has raised $17.5 million in funding according to information provided by Owler. CircleBack retweeted the information late last week. Owler places the total raised to date at $23.9 million with the most recent funding topping previous rounds. No further details have been made… Read More

July 21, 2015 @ 11:12 am By Samantha Hurst  |  

Maples Fund Services, an independent global fund services provider and division of MaplesFS, has announced the opening of its office in San Francisco, its first on the west coast. The expansion further solidifies the firm’s North American presence and bolsters its service offering for clients… Read More

July 19, 2015 @ 11:52 pm By Midori Yoshimura  |  

    With China’s stock market crash still recent, the People’s Bank of China (PBC) released guidelines for the country’s rapidly burgeoning online finance market at the start of this weekend, outlined in a document published by the PBC.  The peer to peer lending industry in… Read More

July 19, 2015 @ 12:27 pm By JD Alois  |  

  UpStart, a three year old marketplace lending platform founded by former Googlers, is a next generation direct lender that wants to leapfrog existing platforms by providing turbocharged data processes to making loans. The first generation marketplace lenders saw opportunity in the bloated and punch… Read More

July 18, 2015 @ 7:39 am By JD Alois  |  

The Peer to Peer Finance Association (P2PFA) in the United Kingdom has released its quarterly tally of P2P loans for Q2 and according to the association loans came in at £507,336,204. This is for both consumer and SME loans and represents an increase of £48,103,898… Read More

July 17, 2015 @ 7:59 am By JD Alois  |  

The UK Government has published a consultation paper on the deduction of income tax from interest on peer to peer lending. Closing comments are expected by September 18, 2015. The query tackles the issue of who should deduct and pay taxes. The challenge is not… Read More

July 15, 2015 @ 7:47 am By JD Alois  |  

Twino, a new peer to peer lending platform based in Latvia, has added a new twist to the direct lending equation. According to the company, Twino will buy out loans if they are more than 60 days overdue.  While there are multiple direct lenders that… Read More

July 14, 2015 @ 4:49 pm By JD Alois  |  

Funding Circle is on a trajectory to originate around $1 billion in loans for 2015. The direct lender facilitated $100 million in loans in both the US and UK combined for the month of June, according to CEO and founder Samir Desai. The marketplace lending… Read More

July 14, 2015 @ 3:42 pm By JD Alois  |  

Pave, a crowdfunding platform that turned lending upside down with its Income-linked Payment Agreement, or IPA, where individuals invested directly in the future of an individual. It was more of a bet on how promising a person’s financial outlook was perceived. Accredited investors could select an… Read More

July 14, 2015 @ 10:28 am By JD Alois  |  

Leading direct lender Lending Club (NYSE: LC) is now available to investors in three new states: Iowa, Oklahoma and Arkansas.  This brings the total number of states allowing individuals to lend to borrowers now at 33.  Lending Club CEO and founder Renaud Laplanche said his… Read More

July 13, 2015 @ 2:39 pm By Samantha Hurst  |  

Israeli peer-to-peer lending platform, BLender, recently announced that it has secured $5 million in funding from American venture capital firm, Blumberg. The company, which launched last fall, is looking to use the funds to expand into Western European and Latin American markets. According to its description,… Read More

July 13, 2015 @ 1:59 pm By JD Alois  |  

Direct lender Prosper is now open to investors in the state of Indiana. This makes 32 states and the District of Columbia where individuals may lend money directly on the platform.  Aaron Vermut, CEO of Prosper said;   “We are very pleased to bring the… Read More

July 13, 2015 @ 8:05 am By JD Alois  |  

Dubai based Beehive, the first peer to peer lender to set up shop in the UAE, has announced surpassing AED 12 million in loans ($3 Million USD) to 25 SMEs. Beehive has been in business less than one year. According to the company borrowing businesses… Read More

July 13, 2015 @ 2:00 am By Geoff Miller, CEO, GLI Finance  |  

The Emergency Budget This week saw the first Budget in the UK since the Conservative Party achieved a surprise win in the General Election in May. As the previous coalition government had already made promising steps towards the implementation of legislation which will improve access… Read More

July 11, 2015 @ 12:11 pm By JD Alois  |  

One of the interesting (and helpful) aspects of marketplace lending is the volume of data that is made readily available. Many direct lenders are noted for their exceptional transparency with more than a few publishing data on their loans including default rates.  Orchard, the company… Read More

July 10, 2015 @ 12:39 pm By JD Alois  |  

In 2014 Prosper, a leading direct lender, originated over $1.6 billion in loans – a 350% increase from year prior. This week the marketplace lending platform said it had topped $4 billion in total loans as it registered another “record quarter” as it delivered $912… Read More

July 10, 2015 @ 12:24 pm By JD Alois  |  

Open Energy is now offering “fast and direct” lending for your solar project. The new marketplace lending platform is matching institutional / accredited investors with renewable energy projects in the form of debt between $500,000 and $10 million.  The site draws a direct comparison between… Read More

July 10, 2015 @ 11:26 am By Samantha Hurst  |  

Research and Markets has announced the addition of the “European Peer-to-Peer Lending: Market Insight 2015 “ report to their offering. Peer-to-peer (P2P)lending has continued to grow rapidly across Europe as lenders seek higher returns than are available from banks and borrowers embrace willingness to lend to sectors the… Read More

July 10, 2015 @ 9:32 am By JD Alois  |  

Flendr, a social lending platform that launched a couple weeks ago, wants to make it easier to borrow money from friends and family.  A bit of a hybrid peer to peer lending platform – where you know the “peers”, Flendr sees opportunity in the estimated… Read More