Tagged: p2p

April 8, 2015 @ 8:12 pm By JD Alois  |  

Prosper Marketplace has closed a $165 million funding round led by Credit Suisse Group’s Next Investors.  The valuation was set at approximately $1.9 billion – a significant increase to previous valuations. Additional investors included JP Morgan Chase & Co’s Asset Management unit, SunTrust Banks, USAA,… Read More

April 8, 2015 @ 7:30 am By JD Alois  |  

Dealstruck has announced $58 million in funding to finance small business lending.  According to the company $50 million is in a credit facility from NYC based hedge fund managed by Brevet Capital and an $8 million equity raise from Trinity Ventures. To date Dealstruck has… Read More

April 7, 2015 @ 12:41 am By JD Alois  |  

Peer to peer lender RateSetter is now offering a Self Invested Personal Pension Option (SIPP) in collaboration with London & Colonial and European Pensions Management allowing savers to invest in P2P assets for retirement. “We are delighted that RateSetter is now available via SIPPs. SIPPs were… Read More

April 3, 2015 @ 7:02 am By JD Alois  |  

Luxembourg based Direct Lending Investment, advised by Smart Lenders, has created the first US Dollar denominated security that is backed by peer to peer, or marketplace, funded loans.  As part of the process, Direct Lending Investment is using  Orchard’s analytics technology, according to information received… Read More

April 3, 2015 @ 6:19 am By JD Alois  |  

Peer to peer lending platform Lufax has sold equity in the company valued at  3 billion yuan or approximately USD 483 million.  This is according to a report in China News that quoted Lufax Chairman Gregory Gibb on the transaction.  The private placement was said… Read More

April 3, 2015 @ 3:00 am By JD Alois  |  

The Small Business, Enterprise and Employment Act (SBEEA) has received “Royal Assent” and will be implemented in 3 stages.  Those with the highest impact will be delivered in the final stage, according to the UK Government.  The implementation schedule may be changed following passage of… Read More

April 3, 2015 @ 2:08 am By Midori Yoshimura  |  

MoneyPlace, Australia’s newest P2P lending market, has confirmed that it plans to begin trading in the June quarter, joining current popular platforms SocietyOne, RateSetter and ThinCats, according to BankingDay. The Melbourne-based company will focus on the personal loan market, with a minimum loan of $5,000 on three-year… Read More

April 2, 2015 @ 7:00 pm By JD Alois  |  

SoFi (Social Finance), a peer to peer lender that disrupted the student loan refinancing market, has announced passing the $2 billion funding milestone. SoFi announced that it had topped $1.3 billion in loans in December indicating $700 million in loans for Q1.  If the trajectory… Read More

April 2, 2015 @ 3:15 pm By Erin Hobey  |  

Regulation has provided the injection the Peer-to-Peer (P2P) industry needed to take off, according to RateSetter CEO, Rhydian Lewis. As the P2P platform celebrates almost £122 million in loans during Q1 and a year as “number one,” RateSetter cites regulation as a crucial turning point for… Read More

April 2, 2015 @ 11:35 am By JD Alois  |  

Renaud Laplanche is best known for turning the world of finance upside down by launching Lending Club – the worlds largest peer to peer lending platform. What you probably did not know is that he is an avid sailor too – and a competitive one… Read More

April 2, 2015 @ 9:57 am By JD Alois  |  

Crowd2Fund, a UK based investment crowdfunding platform that offers a range of funding options, has announced a Series A funding round of £2 million giving the company a “notional market value” of £10 million.  According to the company interest from Chinese investors boosted the valuation… Read More

April 2, 2015 @ 9:52 am By Erin Hobey  |  

Singapore’s sovereign wealth fund Temasek and money manager BlackRock are set to buy stakes in Funding Circle in deals that could value the British peer-to-peer lending platform at more than $1 billion, reported Sky News today. Temasek plans to invest about 30 million pounds ($44.4 million)… Read More

March 31, 2015 @ 9:30 am By JD Alois  |  

Total Addressable Market Estimated at “Just Under” $3 Trillion Prosper, one of the leaders in the ‘marketplace’ or peer to peer lending space, had a great month.  March will be a record “by far” as it easily beats $200 million in aggregate loan originations pushing… Read More

March 30, 2015 @ 11:22 am By Erin Hobey  |  

Having acquired customers across the continent including Ireland, Spain, Belgium, Sweden, Denmark and the UK, the Nordic fintech startup Holvi seeks to make its name better known in the European banking landscape and reshape financial services across Europe by targeting Germany and Austria. “Germany along the… Read More

March 30, 2015 @ 9:24 am By Erin Hobey  |  

In February Cloud Lending Solutions announced that its customer and partner,  LendingPoint, had successfully used Cloud Lending as a foundation to go from concept to market in less than ninety days.  Helmed by CEO and Founder Snehal Fulzele and CTO Darpan Saini,  Cloud Lending has quickly disrupted global direct online lending as more and… Read More

March 27, 2015 @ 11:11 am By JD Alois  |  

Speaking on a panel discussion at the Boao Forum in southern China, the CEO of Shanghai Lujiazui International Financial Asset Exchange (commonly referred to as Lufax), Gregory Gibb, addressed the pressing issue of fraud. The peer to peer lending industry in China has experienced supercharged growth over the… Read More

March 27, 2015 @ 8:25 am By JD Alois  |  

VPC Speciality Lending Investments (LSE:VSL) has published a brief comment stating they have added investments in several direct lenders including OnDeck Capital, Funding Circle (USA), Upstart Network, Borro and Kreditech.  VPC has also provided a balance sheet loan to Applied Data Finance.  The company acquired… Read More

March 26, 2015 @ 6:37 pm By JD Alois  |  

Data published by the China Banking Association indicates a “surge” in internet banking.  According to a report in ECNS, individuals using online banking services has hit 909 million – an increase of 150 million compared to the year prior. Financial transactions totaled an astounding 60.85… Read More

March 26, 2015 @ 9:01 am By JD Alois  |  

Peer to peer lender Funding Circle and Lancashire County Council have shared some data points on their partnership to provide capital to local businesses.  According to the pair, Lancashire County Council has directed over £1.5 million to 230 different companies.  The arrangement between the two… Read More

March 25, 2015 @ 8:38 am By JD Alois  |  

Australia based peer to peer lending platform SocietyOne has added to its executive team with the appointment of new Chief Operating Officer Simon Schwarz. The new hire will help position the platform for further growth as the P2P lending industry continues to disrupt traditional banks… Read More