Tagged: p2p

February 5, 2015 @ 7:21 pm By JD Alois  |  

CommonBond Expands Service to Over 700 Programs Nationwide. Student loan lender CommonBond has announced a significant commitment from Nelnet(NYSE: NNI), one of the “most venerable names in student loans” to fund $150 million in loans.  Nelnet has also made an equity investment in CommonBond thus… Read More

February 5, 2015 @ 8:43 am By Erin Hobey  |  

Marcus New, the Founder and Chief Entrepreneur of InvestX, is an experienced entrepreneur; he founded and served as chairman (and previously the CEO) of Stockhouse, Canada’s leading financial community and a global hub for affluent investors, with up to 1 million unique monthly visitors. Prior to… Read More

February 4, 2015 @ 12:20 pm By JD Alois  |  

Lending Club (NYSE: LC) founder and CEO Renaud Laplanche is making the rounds talking up his most recent partnership.  Earlier this week Lending Club and Alibaba announced a unique arrangement where peer to peer lending platform would provide loans for US based companies that purchase from Chinese firms…. Read More

February 3, 2015 @ 9:45 am By JD Alois  |  

As anticipated, the Financial Conduct Authority (FCA) has published a regulatory review of the crowdfunding environment – including investment crowdfunding and peer to peer lending. Rules were initially released in March of 2014 with the government entity taking a “light touch approach” that was broadly embraced… Read More

February 3, 2015 @ 8:29 am By JD Alois  |  

SoFi, a unique peer to peer lending platform, has announced a significant $200 million investment in a Series D funding round led by Third Point Ventures. Company valuation was not disclosed in the announcement. Goldman Sachs acted as sole placement agent for the funding round…. Read More

February 2, 2015 @ 11:34 pm By JD Alois  |  

Research from peer-to-peer lending platform, RateSetter, attacks the UK’s tendency to procrastinate – specifically with managing personal finances. The information was coordinated with RateSetter’s #MakeItPay promotional campaign. Ostensibly RateSetter decided to delve deeper into the procrastination habits that stymie people from making a change like dumping their bank and hooking… Read More

February 2, 2015 @ 5:54 pm By JD Alois  |  

Australian peer to peer lender Lendex has added two prominent names to its advisory board. The P2P / P2B site has announced the appointment of both Robert Hines and Kim Jenkins. The move boosts insight and experience for the young funding platform. Jenkins is the… Read More

January 30, 2015 @ 8:33 am By Samantha Hurst  |  

UK based business lender Funding Circle has reached a new milestone in peer to peer lending.  The 4 1/2 year old company has now topped £500 million in loans that have been provided for over 7000 UK SMEs in need of finance.   It took just shy of 4… Read More

January 28, 2015 @ 10:44 pm By JD Alois  |  

Coming off a year where they facilitated $1.6 billion in loans, Prosper, one of the largest peer to peer companies in the world, has acquired American HealthCare Lending (AHCL) – a medical financing platform. The company is the largest “patient financing company in [the] behavioral… Read More

January 28, 2015 @ 10:10 pm By JD Alois  |  

Now that Lending Club (NYSE: LC) is publicly traded they will be making it habit to schedule quarterly calls, along with other required securities filings. The worlds largest peer to peer lender  has just announced its earnings for Q4 2014 will be released on February 24,… Read More

January 28, 2015 @ 8:35 am By Midori Yoshimura  |  

Chinese credit rating agency Dagong recently released its first internet finance blacklist and early warning list, according to a company statement. Dagong stated, “the number of peer to peer platforms that appeared to have various risks such as blocked withdrawals, platform closure and flight is… Read More

January 28, 2015 @ 8:10 am By JD Alois  |  

LendInvest, a peer to peer lender for real estate mortgages, has topped the £200 million mark in loans since the platform launched in May of 2013.  LendInvest started as an offshoot of Montello Capital Partners.  In October of last year there was a bit of… Read More

January 27, 2015 @ 11:33 am By JD Alois  |  

P2P Global Investments plc has announced their C Share funding round was over-subscribed and is now closed. According to a company spokesperson, the issue raised gross proceeds of £250 million via the issue of 25 million C Shares, of which 24,098,657 C Shares will be issued… Read More

January 27, 2015 @ 11:10 am By JD Alois  |  

Peer to peer lender Zopa received a nice shout out at the 2015 Moneyfacts Awards. Zopa received awards for both “Personal Loan Provider of the Year” and “Best Customer Service”. The latter award is particularly nice as the P2P space continues to grow and service… Read More

January 27, 2015 @ 5:00 am By JD Alois  |  

Funding Circle, a small business loan marketplace, has claimed “first’ in offering individual investors the opportunity to invest in secured fractional small business loans with the launch of its new Fractional Loan Marketplace. Now individual investors may purchase fractional loans ranging in size from $25,000 to… Read More

January 26, 2015 @ 10:12 am By JD Alois  |  

Recently the Financial Conduct Authority (FC) has been reviewing promotional practices of peer to peer lenders in the UK. This event was shared in a recent report from the FT which posed the question will the FCA clamp down on advertising practices utilized by P2P lenders… Read More

January 25, 2015 @ 5:59 pm By JD Alois  |  

Peer to peer lender Zopa has contracted with the C4L network for fast and secure circuit connectivity between Zopa’s Data Centres and headquarters. Zipper’s CEO Matt McGuire, was quoted on the arrangement: “We are very pleased with the service we have received from C4L and the solution they… Read More

January 22, 2015 @ 8:48 am By JD Alois  |  

The Royal Bank of Scotland has struck an arrangement with leading peer to peer lenders Funding Circle and Assetz Capital that should give UK small business a boost.  RBS announced it will now formally refer small business borrowers to P2P lenders.  The strategic shift is… Read More

January 21, 2015 @ 1:02 pm By JD Alois  |  

Unilend, a leading peer to peer lending platform based in France, has formed a partnership with Groupama Banque to channel € 100 million to small and medium businesses over the next four years.  The arrangement is the first of its kind in France. Unilend has… Read More

January 21, 2015 @ 8:56 am By JD Alois  |  

These days it may make sense to keep your money under your mattress as opposed to placing it in a bank savings account. After you get through the miscellaneous fees, a savers rate of return can easily go negative.  At least the mattress won’t charge… Read More