Tagged: p2p

January 24, 2014 @ 4:08 pm By JD Alois  |  

Following reports that Funding Circle intends on collaborating with high street banks, Stuart Law, CEO of Assetz Capital, a fast growing peer-to-peer lender based in the United Kingdom stated: “Banks are set up to lend to SMEs, so why would a bank lend through a… Read More

January 14, 2014 @ 11:09 am By JD Alois  |  

CEO of Assetz Capital Peer-to-Peer Crowdfunding Platform Expects Their Platform to Hit £100 Million in 2014. The alternative finance industry has now lent more than £1bn to UK businesses and individuals, according to the Liberium AltFi Index. The latest batch of research shows that Peer-to-Peer… Read More

January 2, 2014 @ 10:04 am By Charles Luzar  |  

What caused the financial crisis of 2008? Many would argue that bad loans made to unworthy borrowers were at the core of the entire downturn. For First Principles Capital Management CEO and co-founder Doug Dachille, the current trajectory of the peer-to-peer lending market bears a striking… Read More

December 18, 2013 @ 10:51 am By Charles Luzar  |  

The demand for investment opportunities on Lending Club may be outpacing the supply. Consider that some of the best loans on Lending Club are funded within 30 seconds of hitting the platform. It takes an extremely active lender to find and fund the best deals. However,… Read More

December 18, 2013 @ 10:16 am By Charles Luzar  |  

Market research firm IBISWorld has released a report on the P2P lending industry and there is – as expected – some pretty staggering growth in the space. The breakdown comes via 54 companies the firm tracks as being active in P2P lending. Since 2008, revenues have… Read More

December 16, 2013 @ 8:40 am By JD Alois  |  

United Kingdom based peer-to-peer lending platform eMoneyUnion is offering 15% equity in their company for £300,000.   Pre-money valuation placed the firm at £2 Million.  As of today 29 investors had funded over £42,000. The shares are currently EIS and SEIS pending.  The offering is… Read More

December 10, 2013 @ 10:22 am By Charles Luzar  |  

A new P2P lending platform is getting ready to go live, and for individuals and businesses seeking a loan they are free to sign up now. The platform is called Daric. Daric’s goal is simple. The business model itself is not unlike existing platforms like… Read More

December 10, 2013 @ 9:37 am By JD Alois  |  

Peer-to-Peer lending platform Landbay, which wants to facilitate secured commercial property loans, is using equity crowdfunding platform Seedrs to raise capital and they are offering 7.5% of the company for £50,000. Pre-money valuation places that company at £616,667. Landbay is prepping to launch the platform… Read More

December 7, 2013 @ 1:08 pm By Charles Luzar  |  

On Thursday, December 5th 2013, Lending Club Founder and CEO Renaud Laplanche provided the following testimony to the House Committee on Small Business, and specifically the Subcommittee on Economic Growth, Taxes and Capital Access. A survey released by the Federal Reserve Bank of New York… Read More

December 5, 2013 @ 10:04 am By Charles Luzar  |  

Using a service like LendingClub for the first time can be a big daunting. The peer-to-peer lending platform can offer interest rates lower than many credit cards for some borrowers. Having said that, where do you start? How hard is it to apply for and… Read More

December 3, 2013 @ 2:57 pm By JD Alois  |  

In multiple reports, Chancellor George Osborne is said to allow tax free returned from peer-to-peer lending platforms like Zopa, Funding Circle, LendInvest and others.  Savers have been able to increase their rate of return by participating in these platforms thus cutting out traditional banks in… Read More

December 2, 2013 @ 10:22 am By Charles Luzar  |  

A new method of capital raising that is gaining increasing interest is crowdfunding. Generally, the term “crowdfunding” is used to describe a form of capital raising whereby groups of people pool money, typically comprised of very small individual contributions, to support an effort by others… Read More

November 30, 2013 @ 12:35 pm By Charles Luzar  |  

Lend Academy’s Peter Renton shared stats from Lending Club and Prosper for the month of November. It should be no surprise that Lending Club continues to grow, issuing $280 million in new loans in the month of November. They issued just short of $100 million… Read More

November 26, 2013 @ 10:22 am By Charles Luzar  |  

The University of California, Berkeley, Nesta and the University of Cambridge have teamed up and plan to execute a benchmarking survey to capture the size, transaction volume and growth of the alternative finance market in the UK. The team behind the upcoming report is asking… Read More

November 20, 2013 @ 12:46 pm By Charles Luzar  |  

BackerKit Blog | 2014 is the Year of the Crowdfunding Hero, and she’s got new tools in her belt. BackerKit is a service for crowdfunding project creators that “helps you manage your post-crowdfunding mayhem so that you can deliver on time.” They’ve seen a few… Read More

November 12, 2013 @ 12:25 pm By Charles Luzar  |  

The act of investing on P2P lending sites like Lending Club is generally a very active form of investing. You generally have to seek out notes that make sense for you, which can be time consuming. In a recent blog post entitled “Why I’m Transferring… Read More

November 11, 2013 @ 11:05 am By Charles Luzar  |  

Lending-based platform Funding Circle recently shared a breakdown of statistics from October. Among revelations in the post: £12.5 million loaned to UK businesses last month alone. Over £3 million was lent to businesses across the UK last week, contributing to a total of £12.5 million… Read More

November 3, 2013 @ 10:49 am By Charles Luzar  |  

British investment fund manager Nicola Horlick is planning to launch a lending-based crowdfunding portal in the UK market. Called Money&Co, the company aims to take on stalwart UK crowdfunding platforms like Crowdcube and Seedrs for a share of the growing crowdfinance market. Yes, Crowdcube and… Read More

October 22, 2013 @ 6:06 pm By JD Alois  |  

Company Expects to Lend £100 Million by 2014. Only six months after launching, peer-to-peer (P2P) lending platform Assetz Capital has lent more than £5 million to UK SMEs and property developers, making it one of the fastest-growing P2P platforms ever. Lending has increased exponentially, with £2m lent… Read More

October 4, 2013 @ 10:46 am By Charles Luzar  |  

The FCA takes responsibility for regulating consumer credit markets starting in April of 2014. This responsibility includes the peer-to-peer lending space. The FCA has announced plans to release guidance on lending-based crowdfunding and regulatory compliance later this month. In a recent release, the FCA detailed… Read More