Tagged: p2p

May 29, 2015 @ 9:19 am By JD Alois  |  

Harmoney, a peer to peer lending platform operating in New Zealand, has surpassed $50 million in loans via over $1.4 million in transactions according to a recent report.  Harmoney is quoted as claiming this makes their direct lending platform “the fastest growing peer-to-peer lending marketplace… Read More

May 29, 2015 @ 7:33 am By Midori Yoshimura  |  

  Skim the peer-to-peer lending headlines over the last few months, and Funding Circle is a regular part of the news cycle. This year alone, the 5-year-old company received a capital boost to the tune of $150 million (the equity funding round was led by DST Global with participation from Baillie Gifford,… Read More

May 28, 2015 @ 11:06 am By Erin Hobey  |  

Now in the Big Apple, Facebook Messenger’s payments service has been tweaked to make it easier for friends to send money within conversations. Although launched in March, the P2P payments feature has so far only been available to Messenger app users in a few cities, including Seattle,… Read More

May 28, 2015 @ 8:00 am By Erin Hobey  |  

Fresh from celebrating its two year birthday, Assetz Capital made another announcement: Assetz Capital, a British peer-to-peer lending platform exceeded its fundraising target of £2 million by raising funds from 731 investors through investment crowdfunding platform Seedrs. The firm, which specializes in providing loans to SMEs… Read More

May 28, 2015 @ 12:40 am By Midori Yoshimura  |  

A major Chinese peer-to-peer lender, Dianrong.com, now claims a valuation of “around” $1 billion, due to its latest round of fundraising, according to the company’s CEO, Soul Htite, in a conversation with CNBC (Reuters also contributed to the story). U.S. investment firm Tiger Global was the source… Read More

May 27, 2015 @ 7:30 am By Anthony Zeoli  |  

For years now, big bank lenders have warned the public about the dangers of dealing with “shadow” (i.e. non-bank) lending institutions. The term itself conjures up images of shady back-room deals where you’re handed money in a paper bag and told to pay it back… Read More

May 23, 2015 @ 11:04 am By JD Alois  |  

According to research by Morgan Stanley, peer to peer lending is set to rocket to $22 billion within the next 5 years in Australia.  This is a country with a population of just 24 million.  This highlights the collision path between traditional finance and disruptive… Read More

May 21, 2015 @ 10:56 pm By JD Alois  |  

Auto China’s K-Lend, a peer to peer lending platform for vehicle financing, has just published an update for Q1 2015 operations. The Company announced that it recorded 1,180 new leases of commercial vehicles (primarily Class 8 heavy trucks) as part of the Company’s sales-type leasing… Read More

May 21, 2015 @ 9:20 am By Samantha Hurst  |  

Earlier this week, the Entrepreneurs’ Organization (EO), a peer-to-peer community of entrepreneurs, introduced Vijay K. Tirathrai as its new chief executive officer. Tirathrai, who brings a wealth of business experience from both corporate and non-profit sectors, will focus on strengthening EO’s impact while driving the organization’s initiative of… Read More

May 21, 2015 @ 9:04 am By JD Alois  |  

Orchard Platform has announced two new partnerships as it extends its reach into a growing number of financial verticals in the direct lending space.  Orchard has signed up Auto One Acceptance and The Interface Financial Group (IFG).  Auto One is described as the “vehicle lender… Read More

May 21, 2015 @ 2:54 am By Midori Yoshimura  |  

One of Israel’s largest banks, Bank Leumi, recently announced that it will launch a new peer-to-peer lending service, according to PandoDaily. Theirs may be the first planned launch of an entire new P2P service from a bank with international stature, notes the publication. Lemur would receive a fee… Read More

May 20, 2015 @ 10:08 am By JD Alois  |  

  It was just 2 years ago that UK based peer to peer lending LendInvest launched in partnership with its sister firm Montello to provide short-term bridge loans.  Today LendInvest claims the title of worlds largest P2P marketplace for mortgages having surpassed £300 million in… Read More

May 20, 2015 @ 9:25 am By Erin Hobey  |  

Financial services giant MasterCard made its official entrance into the person-to-person payments business, according to Natalie Gagliordi for ZDNet. The company announced the launch of MasterCard Money Send, a near real-time P2P digital payments service that securely transfers funds domestically and internationally. Shopping site FreeShipping.com and Berkshire Hathaway Travel… Read More

May 20, 2015 @ 8:00 am By JD Alois  |  

Peer to peer lender China Rapid Finance has originated an astounding 1.1 million in loans to Chinese borrowers in just three months time – as of April 30th. The impressive number is indicative of the demand for capital in the largest P2P lending market in… Read More

May 20, 2015 @ 4:00 am By JD Alois  |  

Berlin based global bitcoin lending platform Bitbond has received a cash infusion to grow its lending platform. The angel round of € 600,000 now brings total capital raised for the site to €800,000. The new funding was led by Bitbond’s earlier seed investor Point Nine Capital, along with a… Read More

May 20, 2015 @ 3:01 am By Midori Yoshimura  |  

A New Zealand peer-to-peer lender recently dubbed the first P2P lender in the country to specialize in secured lending has delayed its launch, according to Interest.co.nz. The delay is due to the company, LendMe’s, planned talks aimed at forming an alliance with a New Zealand bank. LendMe founder… Read More

May 19, 2015 @ 12:55 pm By Erin Hobey  |  

eProdigy, a fintech holding company with several subsidiaries serving the alternative finance space, announced today that an undisclosed private equity firm has made an agreement to provide $100 million to eProdigy through a term loan, a convertible note feature and participation rights. “This deal changes our entire… Read More

May 19, 2015 @ 12:17 pm By JD Alois  |  

VPC Speciality Lending Investments has issued a note stating they are ahead of their goal in deploying investor capital into online lending assets.  According to the Board of Directors, approximately 70% of net IPO funds have been invested in assets such as peer to peer… Read More

May 18, 2015 @ 8:03 pm By Erin Hobey  |  

Peer-to-peer lending pioneer Zopa today announced a partnership with leading challenger bank, Metro Bank, to lend funds through Zopa’s online marketplace.This innovative deal is the first of its kind in the UK and a clear signal that some parts of the UK banking sector are embracing… Read More

May 18, 2015 @ 6:31 am By JD Alois  |  

As the RateSetter peer to peer lending platform grows, so must the team that manages their dramatic growth. RateSetter, UK’s largest P2P lending platform (according to monthly volume) has announced two new hires: John Battersby will take the position of Head of Communications which also… Read More