Tagged: p2p

November 24, 2014 @ 12:10 am By Samantha Hurst  |  

Following a successful and rather quick equity crowdfunding raise on Crowdcube last year, Fruitful is launching a peer to peer lending platform for “everyday savers and full term commercial mortgage borrowers”.  The crowdfunding campaign had targeted a raise £140,000 for 8% equity.  In a note… Read More

November 21, 2014 @ 2:07 pm By Samantha Hurst  |  

RateSetter is celebrating yet another huge milestone! The UK-based peer to peer lender announced this week that it has officially hit £400M. The platform, which launched in September 2010, enables lenders to get fair returns while cutting the cost of borrowing. Capital is at risk. Lenders and… Read More

November 20, 2014 @ 2:15 pm By Samantha Hurst  |  

Money360, Inc., a peer-to-peer (P2P) real estate lending marketplace, has closed a $2 million commercial real estate loan crowdfunded by accredited investors. This was the third loan closed by Money360 in September. Money360 is on track to fund $25 million in peer-to-peer real estate loans before… Read More

November 20, 2014 @ 7:06 am By JD Alois  |  

Prosper, a leading peer to peer or “marketplace” lending platform, Q3 results are available via their 10Q filing at the SEC.  According to the document $493 million in loans originated on the platform for the 3 months ending in September.  This was generated by a… Read More

November 19, 2014 @ 6:45 am By JD Alois  |  

UK based Assetz Capital has launched a new peer to peer product that is targeting “green loans”.  According to a report from the firm the financial product expects to generate a gross annual return of 7% and “reflects the growing demand for responsible and ethical… Read More

November 18, 2014 @ 11:45 am By JD Alois  |  

Cap Accel, LP, a merchant bank and advisory firm for the peer to peer lending industry, has launched backed by an investment led by Valley Next Gen Ventures LLC. Other participants in the funding round include George W. Wellde Jr., formerly Vice Chairman of the… Read More

November 17, 2014 @ 10:41 am By JD Alois  |  

Orchard Platform, an investment and analytics platform focused on the global peer to peer or “marketplace lending” market, partnered with Duff & Phelps, a global valuation and corporate finance advisor.  The partnership is described as allowing Orchard clients to effectively view online lending portfolios and… Read More

November 16, 2014 @ 10:00 pm By JD Alois  |  

In an article published on PEHub this past week, the author stated that according to several sources Lending Club is also considering a buyer and is “pursuing a dual track”.  Lending Club announced that it had filed for an Initial Public Offer this past August. … Read More

November 16, 2014 @ 9:13 pm By JD Alois  |  

San Francisco based ApplePie Capital is preparing to launch a “first-ever” franchise loan marketplace that will connect  franchise brands and their entrepreneurs with investors seeking  fixed income returns.  ApplePie was launched in 2013 and raised funding earlier in 2014 in the amount of $3.77 million… Read More

November 13, 2014 @ 12:48 pm By Erin Hobey  |  

Beepi, which launched in April, enables potential buyers to view available used cars online. The cars have been tested and vetted by inspectors, who drive out to vehicles locations to complete a 185-point inspection before the cars are certified for sale. Beepi uses a proprietary… Read More

November 12, 2014 @ 9:39 am By JD Alois  |  

The worlds largest peer to peer lending platform Lending Club has introduced new products leveraging their acquisition of Springstone.  The Lending Club subsidiary will now offer a new “education and patient financing product”.  The new product and practices are “designed to raise standards for transparency… Read More

November 12, 2014 @ 9:17 am By JD Alois  |  

Peer to peer lending platform Ablrate has announced an agreement for investment company Synthesis to use its P2P Sub-Fund to invest via the Ablrate site.  Ablrate is a unique “P2B” operation in that it is asset backed, leveraging commercial aviation leasing.  Ablrate launched in 2014… Read More

November 11, 2014 @ 4:48 pm By Samantha Hurst  |  

Supporting growing investor interest in peer-to-peer consumer loans, First Associates Loan Servicing, LLC. was recently selected to provide back-up loan servicing for Eaglewood Capital Management. Based in San Diego, First Associates Loan Servicing is one of the country’s fastest growing loan and lease servicers. An investment firm specializing in… Read More

November 10, 2014 @ 9:13 pm By JD Alois  |  

Peer to Peer Lending Platform Achieves “A” Rating from S&P and “A2” from Moody’s Social Finance or “SoFi”, a leader in P2P or marketplace lending, today closed a $303 million+ securitization of refinanced student loans for graduate borrowers. The senior notes were rated “A” by… Read More

November 10, 2014 @ 6:19 pm By JD Alois  |  

OnDeck, an online platform for small business lending, has  announced that it has filed an S-1 registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. OnDeck has applied to list its common stock on the New… Read More

November 10, 2014 @ 5:08 pm By Samantha Hurst  |  

Miami-based advisory firm, Ethos Private Wealth, announced that it has partnered with online peer lending platforms and industry executives to launch the Treasury Income Strategy. This turnkey marketplace lending platform is built for banks seeking low duration instruments with attractive yields for their excess treasury cash…. Read More

November 10, 2014 @ 11:59 am By JD Alois  |  

In a recent report China peer to peer (P2P) lending platform Jimubox disclosed it expects to triple its lending business to $1.6 billion in 2015.  The company lent a total of 100 million Yuan ($16.3 million) in 2013 after launching in August. Former Wall Street… Read More

November 8, 2014 @ 4:53 pm By JD Alois  |  

Bondora, a fast growing peer to peer lending platform based in Estonia recently shared some comparison data on how their platform matches up agains some of their peers.  Granted this is their perspective but it is interesting none the less. Bondora, previously known as isePankur,… Read More

November 7, 2014 @ 8:57 am By JD Alois  |  

In response to the much anticipated Nesta report that was published today, CEO and founder of Assetz Capital Stuart Law has commented on the challenges ahead for crowdfunding and the peer to peer lending sector. Stuart Law commented on the report; “It’s easy to get… Read More

November 5, 2014 @ 7:37 am By JD Alois  |  

Assetz Capital Claims Exponential Growth.  Expects Volume to Near £100 Million for 2014. Following lending volumes in excess of £40 million in 2014, peer-to-peer (P2P) lender Assetz Capital has now lent more than £50 million to UK SMEs and property developers.  Assetz Capital has recently… Read More