Tagged: p2p

August 12, 2014 @ 9:58 pm By JD Alois  |  

Orion First Financial, LLC has begun servicing small business loans for Raiseworks, LLC, a New York-based company that operates an online peer to peer lending platform connecting SMEs with institutional investors.  Raiseworks is currently by invitation only.  Orion services include Uniform Commercial Code (UCC)-related services,… Read More

August 12, 2014 @ 7:07 pm By JD Alois  |  

Sancus Holdings Limited launched last year in Jersey with £23 million in capital backed largely by Channel Island investors.  Recognizing the growing potential for peer to peer lending (P2P), Sancus sees opportunity in matching high net worth individuals with small and medium sized enterprises.  Sancus… Read More

August 9, 2014 @ 8:53 am By JD Alois  |  

The United Kingdom has focused great attention and energy on encouraging an economic environment of innovation and entrepreneurial growth.  While actions always speak louder than words from a US perspective, we sometimes look with envy at what is occurring the UK and not happening in… Read More

August 6, 2014 @ 9:25 am By Erin Hobey  |  

Reacting to George Osborne’s recent announcement that the Government will require banks to refer rejected SME borrowers to alternative funding providers, Stuart Law, CEO and Founder of Assetz Capital, one of the UK’s fastest-growing and largest P2P business lenders, commented: “Osborne’s plan to require banks… Read More

August 4, 2014 @ 1:08 pm By JD Alois  |  

In a statement UK based peer to peer (P2P) lending platform RateSetter said they have strengthened their position as the largest P2P lender in the UK, handling a “market-leading” £71m in loans over the last three months.  This past July (2014), the company became the… Read More

August 1, 2014 @ 10:34 am By JD Alois  |  

UK based finance mag, MoneyWeek, has published a report focusing on the Peer to Peer lending industry.  The report, entitled “CrowdPower:  How You Can Make a  Small Fortune from the Peer to Peer Revolution” is available for free download (it is also embedded below). The… Read More

August 1, 2014 @ 10:13 am By JD Alois  |  

New Zealand based peer-to-peer lender Harmoney has shared the appointments to their board of directors.  Harmoney became the first fully licensed P2P lender in New Zealand this past July. Harmoney had earlier announced former GPG Chairman Rob Campbell as the board chair.  The complete board… Read More

August 1, 2014 @ 8:49 am By JD Alois  |  

 Dallas Texas based Ranger has stated in a release their strategy that identifies peer to peer (P2P) loans has recently achieved a new milestone having reached 18 consecutive quarters of positive performance results. “TruSight Technology” was developed in 2009 by Portfolio Manager, Gary Melara. TruSight is… Read More

July 30, 2014 @ 10:54 am By JD Alois  |  

Privlo Set to Extend Platform Across the United States. Privlo, a peer to peer lender of private real estate loans for high-quality borrowers, has raised a $3.8 million seed plus round of funding from Spark Capital and QED Investors and up to $350 million in… Read More

July 28, 2014 @ 8:34 am By JD Alois  |  

Former CEO of Internet Bank First Direct Sees Huge Potential in P2P Lending UK based RateSetter has announced that Alan Hughes will become the company’s first Non-Executive Chairman.  RateSetter views the appointment as another milestone for RateSetter and is indicative of the growing economic clout… Read More

July 28, 2014 @ 6:08 am By JD Alois  |  

Bruce Ledesma has been named Mosaic’s Chief Operating Officer. Solar peer to peer lending platform Moscaic, has named Bruce Ledesma as their new Chief Operating Officer and will aid in scaling operations for the leading renewableenergy funding platform. Ledesma previously worked as the Executive Vice… Read More

July 27, 2014 @ 3:00 pm By JD Alois  |  

The Peer to Peer Finance Association (P2PFA) in the UK have just published the data for the first 6 months of 2014 showing impressive growth in the P2P lending industry.  The rate of flow of funds through p2p platforms has doubled over the last 6… Read More

July 24, 2014 @ 6:35 pm By JD Alois  |  

Green Dragon House P2P Loan Facilitates 120 New Flats. UK based peer to peer lending LendInvest has stated that its world record breaking P2P loan has now been repaid.  The £4.1 million loan on a commercial building in Croydon was noted as one of the… Read More

July 24, 2014 @ 11:56 am By JD Alois  |  

Nicola Horlick is a well known name in the halls of finance in the United Kingdom.  Nicola captured the title of City “Superwoman” as she balanced on the high wire act of an elite career in finance while simultaneously raising six children. After starting at… Read More

July 23, 2014 @ 11:09 am By JD Alois  |  

The below infographic is from the creative crew at Funding Circle (in the UK).  Funding Circle is one of the leaders in the peer to peer (P2P) lending space.  The platform just announced a pretty huge investment to juice their global expansion.  Founded in the… Read More

July 23, 2014 @ 8:37 am By JD Alois  |  

Peer Lending Platform Dealstruck Appoints Chief Financial Officer, Chief Marketing Officer and Chief Strategy Officer Peer to peer lending platform Dealstruck has added to its senior leadership team to help manage the company’s rapid growth and to execute on its corporate expansion initiatives.  The Dealstruck… Read More

July 21, 2014 @ 8:14 am By JD Alois  |  

Silicon Real LIVE recently interviewed Christian Faes, co-founder and Director if LendInvest – the UK based peer-to-peer lender that focuses on mortgages.  LendInvest has completed over £68 million in loans since their launch last year. Faes gives a good overview of the LendInvest platform talking… Read More

July 18, 2014 @ 11:06 am By JD Alois  |  

Australia based Loan Ranger, an online direct lender, has announced a strategic investment from UK based Liberum Capital.  Effective immediately, Liberum will also add Simon Atkinson as a director and Board Member.  Simon will join Jeff McCarthy, a former Managing Director of US based peer… Read More

July 18, 2014 @ 9:46 am By JD Alois  |  

In the UK, just like the US, consumers pay a ridiculous amount per year financing their credit cards.  The estimated total may top £6 billion per year, an astounding amount but understandable when one grasps the high rate of interest consumers pay today. Now with a… Read More

July 17, 2014 @ 11:35 am By JD Alois  |  

Study by LendInvest reveals 80% of consumers are unaware fast-growing industry is now regulated by FCA. According to a report by LendInvest, four in five consumers don’t know peer-to-peer (P2P) finance is regulated by the Financial Conduct Authority (FCA) despite the massive growth of alternative… Read More