Tagged: p2p

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

The US is a magnet for foreign students looking for a superior education and a boost to their career.  Yet these same international students frequently need to borrow to pay for school just like the legions of domestic students. CommonBond, a direct lending platform that… Read More

July 8, 2015 @ 3:40 pm By Midori Yoshimura  |  

  A co-creator of the legislation that eventually became the JOBS Act of 2012, Candace Klein, Chief Strategy Officer for marketplace lender Dealstruck, joined the crowdfunding movement unintentionally. Candace was drawn in through her nonprofit, Bad Girl Ventures, and in the process founded her second company, began working with the… Read More

July 8, 2015 @ 10:09 am By Samantha Hurst  |  

Research and Markets has announced the addition of the “Peer-to-Peer Lending Platforms Revolutionizing Traditional Practices” report to its offering. Since the 2008 global economic and financial crisis, individuals and businesses around the world have struggled to obtain financing from traditional lenders. In Europe the difficulty in obtaining new financing… Read More

July 8, 2015 @ 7:56 am By JD Alois  |  

SME lender Funding  Empire has sold majority ownership to Paratus AMC, a residential mortgage lending company.  According to a company statement, Funding Empire will continue to maintain operations in Cardiff as “Wales’ only peer to peer lending lending platform”.  The direct lender launched operations in… Read More

July 7, 2015 @ 4:08 pm By Samantha Hurst  |  

Southern California-based Payoff, Inc. today announced that Eaglewood Capital Management, a subsidiary of alternative asset manager Marshall Wace, has agreed to finance up to $250 million of loans over a multi-year period, subject to Eaglewood’s purchase criteria. This arrangement should enable Payoff’s rapid growth to support the… Read More

July 7, 2015 @ 12:01 pm By JD Alois  |  

Singapore based real estate crowdfunding platform CoAssets will publicly trade shares on NSX, an Australian stock exchange. This comes as CoAssets announces expanding its platform into Australia.  According to a report from the company, CoAssets, the first crowdfunding site for real estate projects in Southeast Asia, will… Read More

July 7, 2015 @ 10:22 am By JD Alois  |  

Prêt d’Union, the leading peer to peer lending platform in France, has raised a significant € 31 million from Eurazeo and angel investor Pierre Kosciusko-Morizet.  The new investors join an established group including Crédit Mutuel Arkea, Schioted and AG2R La Mondiale. In a posting on the… Read More

July 7, 2015 @ 8:05 am By JD Alois  |  

Singapore based Crowdonomic has Rebranded as Crowdo as it Expands Across Asia. Launched in 2012, Crowdo has announced they will launch two platforms before year end.  As part of their regional expansion plan, Crowdo intends to launch a peer to peer lending platform in Indonesia… Read More

July 6, 2015 @ 5:47 pm By JD Alois  |  

Young peer to peer lending platform, Money&Co., founded by City Super Woman Nicola Horlick, believes it has set a record of sorts.  The direct lender was launched in the spring of 2014 and to date has facilitated about £6 million in loans. According to Money&Co.;… Read More

July 3, 2015 @ 2:07 pm By JD Alois  |  

The new FSCS deposit limit will kick in on January 1st, 2016.  The limit for individuals is being lowered from £85,000 to £75,000 to be in line with the European Union Deposit Guarantee Scheme which is designed to “harmonize” the limit across Europe to €100,000.  The… Read More

July 2, 2015 @ 12:39 pm By David Klein  |  

By now, you’ve more than likely heard about Goldman Sachs’ plans to launch an online consumer lending unit as early as next year. Yes, Goldman Sachs, the 146-year-old Wall Street giant best known for focusing on the 1%, is making a bet on Main Street with plans… Read More

June 30, 2015 @ 1:16 pm By JD Alois  |  

StreetShares has received a California Finance Lenders’ License. The license provides the licensee with an exemption from the usury provision of the California Constitution. StreetShares, a veteran-owned and operated platform,  currently focuses on using competition and affinity lending to lower borrowing costs for veteran-owned small businesses…. Read More

June 30, 2015 @ 9:54 am By JD Alois  |  

CircleBack Lending has completed its first securitization of consumer loans. The company reported $106 million was completed by Jefferies, an investment banking firm.  CircleBack revealed an agreement with Jefferies in 2014 to securitize up to  $500 million in loans in the coming years.  CircleBack stated… Read More

June 29, 2015 @ 7:03 pm By JD Alois  |  

Sofi, a marketplace lending platform, has been on a roll lately.  The direct lending platform closed a new securitization of  $411 million, all backed by student loans.  This was the largest securitization by a marketplace lender to date.  SoFi expects to $1 billion in securitization in Q3… Read More

June 29, 2015 @ 9:46 am By Samantha Hurst  |  

Lufax, China’s finance marketplace, announced today that its flagship P2P marketplaces have reached 10 million registered users. Gregory Gibb, Chairman and CEO of Lufax, stated: “We are excited to achieve this significant milestone. Our growth continues to accelerate as Lufax users experience the security, innovation and convenience… Read More

June 29, 2015 @ 8:26 am By JD Alois  |  

Lending Club (NYSE: LC), the leading peer to peer lender in the United States, is now open to investors in two new states: Texas and Arizona.  It is an odd twist of the regulatory environment that some states allow the option to use platforms like… Read More

June 29, 2015 @ 7:43 am By JD Alois  |  

VPC Specialty Lending Investments (LSE:VSL), has released a statement that the company has invested 87% of net IPO proceeds which is “significantly ahead of the target to be substantially fully invested within six months of admission.”  VPC invests in peer to peer or direct lending… Read More

June 28, 2015 @ 7:00 pm By JD Alois  |  

Peer to peer lender CrowdProperty has passed its first £1 million milestone. The property lender launched late in 2014 and has set an ambitious goal of facilitating £20 million in loans its first year in operation. CrowdProperty stated the million mark was hurdled as its… Read More

June 27, 2015 @ 12:47 pm By JD Alois  |  

RiverNorth Capital Management filed with the SEC to create a new fund labeled RiverNorth Marketplace Lending Corporation. The investment fund will invest in consumer and small business loans originated via marketplace or peer to peer lending platforms.  The fund will invest at least 80% of its… Read More

June 26, 2015 @ 11:16 am By JD Alois  |  

The largest consumer review site in the UK Which? has reviewed several peer to peer lending platforms. Which?, in operation since 1957,  now claims over 680,000 print subscribers and 335,000 online readers.  The non-profit entity tests and reviews a wide range of products and services,… Read More