Tagged: p2p

May 21, 2014 @ 8:45 am By JD Alois  |  

Lending Club founder and CEO Renaud Laplanche recently visited the studios of Bloomberg (once again) to talk about his fast growing peer to peer lending platform.  In this brief discussion Renaud touches on the fact that Lending Club creates a more efficient market where both… Read More

May 16, 2014 @ 3:52 pm By JD Alois  |  

Hedge fund manager Marshall Wace is queuing up to IPO their Peer to Peer lending fund – seeking to raise £200 million.  The global investment fund wants to capitalize on the seismic shift from traditional bank finance to P2P lending platforms.  The shares are expected… Read More

May 16, 2014 @ 11:18 am By JD Alois  |  

UK based Zopa, one of the largest P2P platforms in existence having loaned over half a billion pounds on their platform, has published a “Moneyfesto” gunning for the usurious financial structure many (not all – mind you) credit card companies employ to squeeze their customers…. Read More

May 14, 2014 @ 3:02 pm By JD Alois  |  

Charles Moldow, General Partner at Foundation Capital, has declared that Peer to Peer (P2P) lending – part of the nascent crowdfunding revolution – is destined to hit the $1 Trillion mark by 2025 – a little more than a decade away.  Foundation Capital is a… Read More

May 13, 2014 @ 1:48 pm By Samantha Hurst  |  

Despite ever tightening controls on lending from the big five banks, 75 percent of Brits prefer to approach their high street bank for a loan of £10,000 or less. This is the finding of a new survey of more than 600 consumers from peer to… Read More

May 13, 2014 @ 11:25 am By Samantha Hurst  |  

A new entrant into the peer-to-peer (P2P) property lending space, Proplend, has had its first tranched P2P loan redeemed. The loan was a short-term commercial bridge loan supported by security over a children’s day nursery in Parson Green, London, which paid lenders a gross interest… Read More

May 13, 2014 @ 9:47 am By Georgia Quinn  |  

United Kingdom & the United States See Incredible Growth in Peer to Peer Lending Industry. With all of the hype around equity crowdfunding the silent counterpart of peer-to-peer lending has been quietly growing into a significant and disruptive industry. In fact, some industry followers expect… Read More

May 11, 2014 @ 11:07 am By JD Alois  |  

Social Finance, or SoFi, has refinanced more than half a billion dollars in student loans. The peer to peer lender has grown by nearly 800% to more than 550 universities. “We’re making a significant impact on the student debt burden,” said Mike Cagney, CEO of… Read More

May 9, 2014 @ 8:37 am By JD Alois  |  

Braeger Auto Finance Group, via Vroombank a peer to peer (P2P) platform,  has identified challenge and set out to solve it. In 2013, despite many signs of a recovering economy, the growth of auto dealerships nationwide was limited due to the reluctance of banks to… Read More

May 8, 2014 @ 10:07 pm By JD Alois  |  

Bondora based in Tallinn, Estonia, has become authorized by the Financial Conduct Authority (FCA) in the United Kingdom.  Bondora, previously called isePankur until this past April, is a peer to peer (P2P) lending platform.  The company describes themselves as an “advanced marketplace for experienced investors… Read More

May 6, 2014 @ 3:21 pm By JD Alois  |  

Hitting the screens of CNBC today was Lending Club CEO Renaud LaPlanche talking about how his company is going to transform the banking industry. Instead of just steam rolling the old school industry, apparently Lending Club would like to bring them along – indicative of… Read More

May 6, 2014 @ 8:35 am By JD Alois  |  

Peer to Peer (P2P) lending platform continues to rack up big numbers as they shove banks aside and stake their claim in the P2P crowdfunding world.  One month after hurdling past the $1 billion mark in total loans in a note from Prosper CEO Aaron Vermut,… Read More

May 5, 2014 @ 3:00 pm By JD Alois  |  

P2P Platform Has Hit $500 Million Milestone. Peer to Peer portal Funding Circle has announced it will introduce a new risk tier that will allow the company to serve a quarter more of its U.S. small business loan applicants.   Funding Circle connects business owners with… Read More

May 5, 2014 @ 12:48 pm By JD Alois  |  

Lending Club and Union Bank have formed a strategic alliance. Under the new agreement, Union Bank will purchase personal loans from Lending Club, and the two companies will work together to create new credit products to be made available to both companies’ customer base.  Union… Read More

May 2, 2014 @ 7:35 am By JD Alois  |  

The Ranger Specialty Income Fund will begin investing in crowdfunded small business loans through a relationship with Funding Circle USA. The fund wants to provide both domestic and international investors with attractive yields and monthly cash flow attributable to investments in the peer to peer… Read More

May 2, 2014 @ 6:56 am By JD Alois  |  

UK Based LendInvest Also Announces Creation of Secondary Market on P2P Platform. Peer to Peer (P2P) property lender LendInvest has launched a new three year mortgage in a direct challenge to high street banks’ dominance of the £1.2 trillion mortgage market.  The medium term mortgage is… Read More

April 29, 2014 @ 8:36 am By JD Alois  |  

The fraud drums keep pounding louder in China as search giant Baidu has stomped on peer to peer (P2P) lending sites by scrubbing them  from their search results.  The short term approach of removing the reported 800 P2P sites from their pages are expected to… Read More

April 28, 2014 @ 8:52 am By JD Alois  |  

Announced late last year, Peer to Business(P2B) crowdfunding platform Money&Co is prepping to launch this week in the United Kingdom.  The site is founded by prominent business woman Nicola Horlick who has put together a team of managers that includes Luke Davis and Robin Wight…. Read More

April 25, 2014 @ 6:59 pm By JD Alois  |  

Peerform, a peer to peer lending company, has shared they have signed an agreement with Looking Glass Investments (LGI) to utilize their loan analyzer .  Launched earlier this month, the Peerform Loan Analyzer is an alternative methodology for assessing the creditworthiness of a borrower.   Under… Read More

April 25, 2014 @ 9:43 am By JD Alois  |  

The LendIt Conference is the leading conference in the global online lending industry, encompassing both consumer and small business lending. LendIt is about introducing people to the latest and greatest online lending platforms, the big data that makes them tick and how investors can benefit…. Read More