On Monday, Funding Circle announced it is set to launch a new version of its existing Autobid and Autosell lending tools. Funding Circle will be eliminating the option to manually choose which businesses an investor may lend to and which loan parts to sell will be… Read More
On Friday, P2P lending platform RateSetter announced it has withdrawn from the Peer-to-Peer Finance Association (P2PFA). This news comes less than a month after the online lender was hit with a series of significant operational challenges as several large loans have struggled. RateSetter stated; “Following our… Read More
On Thursday, online lender Funding Circle announced it is revamping its platform by offering a new look and feel. The lending portal also announced its new motto, Made to Do More. It was revealed: “Since 2010, we’ve been proudly helping small businesses (32,000 and counting!)… Read More
The recently launched peer-to-peer lending platform, Flender, announced on Thursday it is celebrating the successful funding of its first batch of SME loans. According to the online lender, companies that received their requested funding include one of Europe’s fastest growing lingerie retailers, a café, and… Read More
On Friday, peer-to-peer lender Zopa celebrated the one year birthday of its product, Zopa Plus, by taking a look back at its progress over the past twelve months. The product was launched with Zopa Access and Zopa Classic. The platform revealed: “A year to the month… Read More
Crowdfund Insider had a chance to interview CEO of Kuflink Tarlochan Garcha to learn more about his company’s platform. Garcha has over 17 years of experience working with two global banks– Barclays and NatWest. He has worked with companies at all stages: from inception to start-up and… Read More
On Tuesday, P2P lending platform Saving Stream announced its value of outstanding loan book grew by 126% during 2016. In its year review, Saving Stream stated over the last year, its outstanding loan book increased from approximately £73m in December 2015 to £165m in December… Read More
The Federation of Indian Chambers of Commerce and Industry (FICCI) published a new report in January called “Leveraging the FinTech Opportunities in India” to highlight a number of topics, including digital payments, digital banking, blockchain, and online lending, to name a few. According to FICCI… Read More
Orca Money successfully secured £280,000 during its seed funding, which was led by TechStart NI. Participants in the round included Halo NI EIS Fund and private investors. Incorporated in 2015 by founders, Iain Niblock and Jordan Stodart, Orca Money is based in Belfast. The company boasts itself as the… Read More
The International Monetary Fund (IMF) is partnering with Dubai’s Ministry of Finance to co-host a fintech seminar during the 5th World Government Summit that will take place in Dubai between February 12-14, 2017. Blockchain technology will be a key discussion point during this panel —… Read More
P2P lending platform Flender has officially closed its successful equity crowdfunding campaign on Seedrs. Originally seeking £500,000, the initiative secured a total of £501,700 from more than 230 investors. As previously reported, Flender is authorized and regulated by the Financial Conduct Authority under Registration Number 657861. The online… Read More
Just a few months after joining European accelerator Level39, short-term peer-to-peer lending platform Welendus has launched an equity crowdfunding campaign on Seedrs. The online lender is seeking £300,000. Founded in 2015, Welendus states it aims to re-define the short-term lending market by introducing a peer-to-peer short-term lending platform and… Read More
Peer-to-peer lending platform Bricks Financial has officially received authorization from the Financial Conduct Authority (FCA). As previously reported, the online lender was founded in 2014 and is designed to build a community of investors to help those looking for development finance. The new direct lender was… Read More
Just a few weeks after launching its equity crowdfunding campaign on Seedrs, peer-to-peer lending platform Wellesley has reportedly decided to suspend the initiative as it seeks to attract city investors. As previously reported, Wellesley sought to raise £1.5 million though the funding portal to continue operations…. Read More
With less than a week until its Seedrs campaign comes to an end, P2P lending platform Flender has secured 98% of its £500,000 funding target (more than £485,000) from 225 investors. As previously reported, Flender is authorized and regulated by the Financial Conduct Authority under… Read More
Less than a week after ringing in the new year, online lender Zopa took a look back at 2016 and the success it received during the past twelve months. The lending platform revealed it lent over £680 million to help 20,000 customers improve their home and… Read More
Tima says that it is Vietnam’s first P2P lending platform, and it has recently secured Series A funding from a Singaporean investor. The amount is unclear but is a reported “US dollar seven-figure” amount. The Singapore fund is also unnamed. An unnamed co-founder of Tima… Read More
Peer -to-peer lending marketplace Mintos announced on Thursday it is now offering multi-currency investment opportunities. Investors on the platform may now have the opportunity to invest in loans denominated in Czech koruna and the lender stated that by facilitating investments in multiple currencies, it is… Read More
Growth Street announced last week it would now accept individual retail investors on its peer to peer lending platform. They may do this now as they are an FCA registered Appointed Representative pursuant to a partnership with another firm. Growth Street, which was founded in 2013 by Sherwin-Smith… Read More
Malaysia’s Securities Commission (SC) announced last month that six P2P platforms were registered and would continue to be overseen by the Government of Malaysia, making Malaysia the first ASEAN country to regulate P2P financing. The six platforms include B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ManagePay Services, Modalku Ventures,… Read More
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