Tagged: p2p

March 24, 2015 @ 8:58 am By JD Alois  |  

The UK Financial Conduct Authority is a relatively new entity having only been formed in 2013, reconstituted from its predecessor the FSA.  The transformation, which saw the responsibilities of the FSA migrated over to three different regulatory bodies, was engendered in part by the financial… Read More

March 24, 2015 @ 1:00 am By JD Alois  |  

The lending environment is heating up in Australia with peer to peer lending platforms on the move. Now Kabbage, an online lender providing small business loans has announced a partnership with Kikka Capital to power its small business lending service commencing in May.  The collaboration… Read More

March 23, 2015 @ 3:36 pm By Therese Torris  |  

Peer to peer lending platform Unilend has announced a significant investment in the amount of € 8 million from BPI France, a state government investment fund, Ventech and 360 Capital Partners.  The direct lender was launched in 2013 prior to formal regulations which were finalized in… Read More

March 23, 2015 @ 10:35 am By JD Alois  |  

Peer to peer lender Funding Empire has announced a new, asset backed product in collaboration with The Business Lending Exchange (BLX).  The announcement was described as the “first product” in regards to the strategic relationship between Funding Empire and BLX. The new products are available… Read More

March 22, 2015 @ 6:39 pm By JD Alois  |  

Peer to peer lending platform DirectMoney is said to be preparing to publicly trade shares on the Australian Securities Exchange (ASX) within the next eight weeks. If it successfully lists shares it will become the first platform to trade in Australia and one of the… Read More

March 20, 2015 @ 4:29 pm By JD Alois  |  

Direct lender Dealstruck added another name to its executive bench today. Ryan Campbell has been appointed VP of Sales and will need the peer lending platform’s push to grow sales and revenue.  He will be tasked with the overall productivity and effectiveness of attracting new… Read More

March 20, 2015 @ 2:39 pm By Anthony Zeoli  |  

Facebook has just announced the release of a new “P2P” payment feature incorporated in its messenger service. The application will allow users to send & receive money to each other using their platform. Facebook launched the service saying “it is easy, and it is free”.  The… Read More

March 20, 2015 @ 10:42 am By JD Alois  |  

Earlier this week George Osborne, Chancellor of the Exchequer, took his story up to Parliament to share his view of the UK economy and his strategic vision going forward.  The speech was broadly well-received, and as politicians typically do, there was something for everyone including a… Read More

March 19, 2015 @ 8:44 am By JD Alois  |  

The China Banking Regulatory Commission (CBRC) is preparing to tighten the regulatory environment for the fast growing peer to peer lending industry. According to multiple reports, rules have been drafted and are being distributed for review by various industry experts and platform operators. An internal… Read More

March 19, 2015 @ 8:16 am By JD Alois  |  

Peer to peer mortgage lender Landbay has appointed Julian Cork as Chief Operating Officer. Julian has been hired aid in the rapid growth being experienced by the funding platform. He will be joining co-founders John Goodall and Gray Stern in the buy to let focused… Read More

March 18, 2015 @ 2:38 am By Midori Yoshimura  |  

With April’s at-retirement reforms at hand, RateSetter, the UK’s largest P2P platform, is planning to launch into the retirement space with two self-invested pension providers (SIPPs), according to a recent story in the Financial Times. The news comes on the wave of January’s update that RateSetter was nearing a… Read More

March 17, 2015 @ 8:16 am By JD Alois  |  

Grouplend, Canada’s first peer to peer or marketplace lender, says demand is soaring for its services. Grouplend has just passed $30 million in consumer loan applications. “With unprecedented demand for our fast, convenient and cost-effective borrowing platform, we’re excited to announce that we’re making our… Read More

March 17, 2015 @ 8:06 am By JD Alois  |  

VPC Specialty  Lending Investments PLC has successfully listed shares on the London Stock Exchange (LSE) on the “premium listing segment of the Official List.  VPC will trade on the LSE under ticker symbol VSL.  VPC was created by asset manager Victory Park Capital, a firm… Read More

March 12, 2015 @ 9:31 am By Erin Hobey  |  

Celebrating the tenth anniversary in finance,  Zopa, world’s first peer to peer lender has made significant achievements since its founding  “in a barn in Buckinghamshire.”   Zopa, led by CEO and Co-Founder Giles Andrews, launched a disruptive financial industry that enables consumers and businesses to bypass banks. Since… Read More

March 12, 2015 @ 8:15 am By JD Alois  |  

Zopa has just celebrated its birthday of providing loans to consumers for 10 years.  Since the site launched way back in 2005, the peer to peer lending industry has changed and grown dramatically.  This growth continues today with the incorporation of new technology, better customer… Read More

March 11, 2015 @ 10:39 am By Erin Hobey  |  

Study of 15,000 Companies Finds Average Revenues of Women-Owned Businesses Increased Nearly 40% in a Year-to-Year Comparison. Analysis shows that a gender-gap still exists, despite the increased profitability that we are seeing with women-owned business in recent years. Average annual revenues and loan approval percentages of… Read More

March 11, 2015 @ 1:45 am By Midori Yoshimura  |  

SAIF Partners in China and in India, a leading Asian private equity firm managing over US$3.5 billion, is expecting to invest a minimum of $70-$100 million in 10-15 companies this year, across the mobile, e-commerce and financial services sectors, according to a story on Live Mint. In the… Read More

March 10, 2015 @ 9:13 am By JD Alois  |  

Leading peer to peer lending platform RateSetter, has hired Simon Pearse as head of compliance.  Described as an “industry heavyweight”, Pearse previously spent 8 years as a senior manager at the FSA/ FCA and also led the development of the regulatory risk framework at OneSavings… Read More

March 10, 2015 @ 9:00 am By JD Alois  |  

Madiston LendLoanInvest is launching a new Secondary Market for P2P loans. The UK based firm is said to give lenders the opportunity to cash in their loan parts early if they need to, giving lenders liquidty when necessary.  The firm said it is adding new… Read More

March 9, 2015 @ 10:08 pm By JD Alois  |  

The former Vice Chairman of PIMCO, Chris Burnham, has signed up to join the Advisory Board of peer to peer lender LendEx.  The Australian based direct lender offers loans to individuals and small business at “rates lower than those offered by the banks”. PIMCO is… Read More