Tagged: p2p

January 20, 2015 @ 10:22 pm By JD Alois  |  

Peer to peer lending platform ArchOver recently signed up Wriglesworth Research to dig into consumer awareness and the acceptance of crowdfunding. From November to earlier this month (January) 500 adults were polled as to their opinion regarding new forms of investment.  The results, provided by ArchOver, were… Read More

January 18, 2015 @ 6:19 pm By David Klein  |  

Lending Club’s IPO was massively successful. Up 56% on the first day of trading. $1B of additional cash raised. Largest IPO out of Silicon Valley in 2014. Higher market valuation than all but 14 banks in the U.S. That it was the first “peer-to-peer” lending company to go public made… Read More

January 15, 2015 @ 7:43 am By JD Alois  |  

Funding Circle, a business oriented peer to peer lending platform, has signed onto a new partnership with local government Herefordshire Council to launch a “pioneering” agreement.  The new partnership is designed to boost local economic growth and job creation via improved access to business finance…. Read More

January 14, 2015 @ 10:39 am By JD Alois  |  

Southhampton based FundingKnight has increased its loan limit to £500,000 to match demand, according to a company statement.  FundingKnight is a peer to peer lender that targets the business segment of the industry.  The increase is effective immediately. The decision to raise the limit was described… Read More

January 14, 2015 @ 9:38 am By JD Alois  |  

Across the globe traditional banking operations are under attack by more nimble and user friendly companies that see opportunity in an industry that is in dire need of change. The internet and technology has completely altered so many different industries with its creative destruction. The… Read More

January 13, 2015 @ 8:51 am By Erin Hobey  |  

Since late November, The University of Cambridge teamed up with EY, the global professional services organization, and launched the European Alternative Finance Benchmarking Survey with the support of major European industry associations. As readers may know, this is the largest study to date on crowdfunding, peer-to-peer lending and other forms of alternative… Read More

January 12, 2015 @ 1:04 pm By JD Alois  |  

P2P Gobal investments announced last week they were initiating a new funding round to raise £200 million in a C share offer.  The company has now published the prospectus for the offer. This is following a successful 2014 as P2P Global became the first fund… Read More

January 12, 2015 @ 9:33 am By Georgia Quinn  |  

  As far as the peer-to-peer or marketplace lending industry is concerned, 2014 ended with a bang and not a whimper as Lending Club, the leading online lender, completed its initial public offering. On December 10, 2014 the Lending Club offering went effective, and ultimately… Read More

January 12, 2015 @ 7:54 am By JD Alois  |  

Legend Holdings, the holding company of Lenovo computer, is expanding into peer to peer lending and other forms of finance.  The investments are part of an overriding strategy to both acquire and grow core assets while simultaneously boosting growth with non organic expansion.  Legend hopes to… Read More

January 12, 2015 @ 6:56 am By JD Alois  |  

Harmoney, New Zealand’s first peer to peer lending platform, has raised $10 million in new funding to support the company’s growth. The decision to raise capital was said to be “in response to customer demand that has driven rapid month-on month growth since the launch… Read More

January 11, 2015 @ 10:19 am By JD Alois  |  

UK peer to peer lending platform Zopa experienced an 81% rate of growth for 2013, according to a report in the Telegraph.  The ten year old platform is booming as total loans stood at £268 million for 2014, a number that is predicted to jump… Read More

January 8, 2015 @ 11:55 pm By JD Alois  |  

Hong Kong’s first peer to peer lending platform WeLend has now closed a Series A funding round topping off at $20 million. The funding round was originally started in June when WeLab raised $14 million.  The additional $6 million was just added as new investors… Read More

January 7, 2015 @ 11:32 am By JD Alois  |  

Shanghai-based online financial services firm Dianrong.com stated it has entered into an investment agreement with Northern Light Venture Capital (NLVC), under which the company has received “tens of millions of dollars in investment from NLVC”. Dianrong.com states it has become a fast-growing peer-to-peer (P2P) lending website… Read More

January 7, 2015 @ 10:26 am By JD Alois  |  

P2P Global Investments has announced its intent to raise £200 million in a new funding round.  P2P Global Investments became the first ever P2P investment fund to trade shares on the LSE last summer (LSE:P2P).  At the time of the listing P2P Global stated its intent… Read More

January 7, 2015 @ 7:35 am By JD Alois  |  

Commenting on the just published results from the Bank of England Credit Survey, Louise Beaumont of GLI Finance, criticized the traditional approach to capital allocation as an economic failure; “With credit availability remaining unchanged despite increased demand for lending from medium sized business, today’s figures… Read More

January 6, 2015 @ 7:57 am By JD Alois  |  

Peer to peer lender RateSetter has commented on the closing of the Bank of England’s / Prudential Regulation (BOE & PRA) Authority consultation paper which was opened for comments this past October.  The consultation paper delineates proposed changes in order to implement the Deposit Guarantee… Read More

December 31, 2014 @ 6:26 am By JD Alois  |  

Peer to peer lender Funding Circle recently tested their own platform to see how things would shake out during “adverse economic conditions”.  As we all know economies ebb and flow through an endless cycle of growth and retrenchment.  The “Great Recession” was an extreme example… Read More

December 30, 2014 @ 10:39 am By JD Alois  |  

Orchard is all about data and managing data effectively.  The platform was one of the first (if not the first) to figure out how to tap into the growing number of peer to peer lending (or marketplace lending) platforms and put their code magic to… Read More

December 30, 2014 @ 7:30 am By Erin Hobey  |  

Cloud Lending, the industry’s end-to-end lending solution built on Salesforce.com, recently added CL Marketplace, a unified cloud platform that simplifies and automates the entire loan process in marketplace lending, to its suite of cloud-based industry applications that enable non-bank financial institutions to manage loan portfolios, increase transaction volume and rapidly bring new… Read More

December 30, 2014 @ 3:19 am By JD Alois  |  

Direct Lending Investments has announced that it will invest $250 million over the next three years into Biz2Credit’s expanding direct lending platform for small business owners.  The move is a continuation of Direct Lending Investments to capitalize on the expanding marketplace of alternative lending and investments platforms.  Biz2Credit network consists… Read More