Tagged: p2p

May 1, 2015 @ 11:55 am By JD Alois  |  

LendInvest, a peer to peer lending platform for secured commercial mortgages, has updated their tech adding an auto-invest feature for investors. This allows individuals to manually select specific metrics on loans and once an asset that matches your criteria, you will automatically invest. LendInvest describes… Read More

April 30, 2015 @ 4:16 pm By JD Alois  |  

Peer to peer, or marketplace lending is growing fast. Loan originations on the largest platforms have hit “escape velocity” biting deeply into the realm of traditional banks. Orchard, a conduit that has positioned their services uniquely at the intersection of it all, shared earlier this… Read More

April 30, 2015 @ 9:42 am By JD Alois  |  

The Peer to Peer Finance Association (P2PFA) has announced Q1 data on P2P lending in the UK.  Updated numbers indicate that over £459 million was originated in the first quarter bringing the cumulative lending amount to more than £2.6 billion. Data provided also showed an increase… Read More

April 30, 2015 @ 2:29 am By Midori Yoshimura  |  

One of India’s largest peer-to-peer lending marketplaces, Faircent.com, today announced its alliance with Yodlee, a U.S.-based leading cloud-based technology and applications platform for digital financial services, according to India.com. Faircent is the first P2P lending marketplace to align with Yodlee in Asia, India.com noted. Yodlee, led by CEO… Read More

April 30, 2015 @ 12:26 am By JD Alois  |  

The number of complaints regarding peer to peer lending fraud in China continues to escalate, according to a report published by government officials. According to Tech QQ (part of Tencent), the Ministry of Public Security states that 8,700 cases of illegal fundraising were reported in… Read More

April 29, 2015 @ 11:15 am By JD Alois  |  

Landbay is leapfrogging other, more senior, peer to peer lending platforms in the UK by lining up a sizable credit line. According to company representatives, the young P2P lender that focuses on mortgage lending has negotiated an impressive £250 million wholesale funding line to be… Read More

April 29, 2015 @ 8:24 am By Therese Torris  |  

Serial entrepreneurs are a rare species. Even rarer are serial co-founders like Vincent Ricordeau, Ombline le Lasseur and Adrien Aumont. In 2009, the three French entrepreneurs co-founded rewards-based crowdfunding platform KissKissBankBank with a mission to “free creativity”. Since then, the platform has collected more than… Read More

April 28, 2015 @ 8:47 am By Erin Hobey  |  

OnDeck Capital, a U.S.-based online marketplace which offers short-term loans to businesses of between $5,000 and $250,000, is expanding its offerings in Canada, joining a growing number of tech-oriented lenders that promise to transform the financial services landscape, according to 680 news.  Experts say Canada has… Read More

April 28, 2015 @ 7:55 am By Erin Hobey  |  

“Banks are at a huge disadvantage with their high salary bills and antiquated technology systems, peer to peer offers an innovative, simple and better result which costs customers less. That said, I also predict huge opportunities for banks and peer-to-peer lenders to continue to work together… Read More

April 24, 2015 @ 12:14 pm By Bret Conkin  |  

The consumer loan experience is getting an upgrade in Canada courtesy of some new players that are targeting the long waits and paperwork hassles of traditional loans and the high rates of alternative providers like payday loans.  Experience in other markets like the US and UK… Read More

April 22, 2015 @ 9:25 pm By JD Alois  |  

Funding Circle has just received another capital boost in the amount of $150 million.  The equity funding round was lead by DST Global with participation from Baillie Gifford, a fund managed by Blackrock, Sands Capital Ventures and Temasek. Goldman Sachs acted as exclusive placement agent… Read More

April 22, 2015 @ 4:30 pm By Samantha Hurst  |  

Germany-based peer-to-peer platform, smava, recently announced that it has captured $16 million during a funding round that was led by Phenomen Ventures. According to Tech Crunch, Phenomena Ventures worked along side existing investors Earlybird and Neuhaus Partners for the funding round and the investment takes the total raised… Read More

April 20, 2015 @ 7:58 am By JD Alois  |  

CrowdCredit, a cross border focused peer to peer lender, has established an office in Estonia according to a company report. CrowdCredit is based in Chiyoda-ku, Tokyo, Japan.  The platform was founded by Tomoyuki Sugiyama, a former Lloyds Bank bond trader. CrowdCredit Estonia expects to issue… Read More

April 19, 2015 @ 10:51 am By JD Alois  |  

Assetz Capital hopes to run £ 1 billion in loans by the end of 2016 and they have a good start in getting there. The peer to peer lender launched in April of 2013 and has funded over £70 million in secured lending and states… Read More

April 18, 2015 @ 5:37 pm By JD Alois  |  

Peer to peer lender Lufax raised equity late last month. Crowdfund Insider reported the China based direct lender raised approximately $483 million or 3 billion yuan. Now a report in WSJ.com places a valuation of the P2P lender at nearly $10 billion making it one… Read More

April 18, 2015 @ 12:08 pm By JD Alois  |  

Vince Passione, LendKey CEO, cemented a $1 billion deal to re-finance student loans as he positions his company to challenge marketplace lending platforms like SoFi and CommonBond. This may be the biggest funding deal to date and is just further evidence of the intense interest… Read More

April 17, 2015 @ 1:17 pm By JD Alois  |  

  Prosper President Ron Suber delivered an extremely well received keynote address at the LendIt conference held in Manhattan this past week.  Over 2400 attendees converged from around the globe to discuss the future of finance, one where banks are on the decline and peer to… Read More

April 17, 2015 @ 11:45 am By Samantha Hurst  |  

China Rapid Finance, a Chinese marketplace that specializes in lending and credit decisioning, announced that it has reached a new milestone – in the first two months since it launched the service, the company has provided more than 800,000 loans to Chinese borrowers over its… Read More

April 17, 2015 @ 10:17 am By Jevgenijs Kazanins  |  

Earlier this year the Centre for Alternative Finance at Cambridge Judge Business School, in co-operation with professional services firm E&Y, released a pan-European study of the alternative finance market. The study, titled “Moving Mainstream”, can be considered the most comprehensive study on the subject released to… Read More

April 17, 2015 @ 8:00 am By JD Alois  |  

“Regulators should allow new firms to operate, generate data on the outcomes created by novel business models before writing new rules.” Larry Summers, former Secretary of the Treasury under President Clinton and Director of the National Economic Council under President Obama, delivered a rousing speech… Read More