Tagged: peer-to-peer lending

December 9, 2016 @ 8:16 am By Samantha Hurst  |  

Assetz Capital announced on Friday that November 2016 was officially the peer to peer lender’s most successful month ever. The website confirmed it lent £26 million to users, £100 million for 2016.  Commenting on the online lender’s November success, Stuart Law, CEO of Assetz Capital, stated:… Read More

November 10, 2016 @ 10:51 am By Samantha Hurst  |  

Peer-to-peer lender, China Rapid Finance, announced on Wednesday its platform has exceeded one million borrowers and it facilitated 8.8 million loans in total as of October 31st. Sharing details about the new milestone, Dr. Zane Wang, CEO of China Rapid Finance, stated: “Serving more than one million borrowers is… Read More

October 31, 2016 @ 3:54 pm By Samantha Hurst  |  

Peer-to-peer lending platform Funding Circle announced on Monday it is making changes to its interest rates. The lender stated that it regularly reviews the rates and takes into account various factors, which includes macroeconomics trends. It was revealed: “At Funding Circle, our aim is for investors… Read More

September 16, 2016 @ 12:15 pm By Samantha Hurst  |  

This week, India-based peer-to-peer lending platform Faircent announced it appointed Shakti Goel as its new chief or product and technology. Goel has over 20 years of experience in leveraging technology-based solutions and is currently the technical advisor, and board member of DEWI Online. Other positions he has held… Read More

August 9, 2016 @ 11:43 am By Samantha Hurst  |  

Crowdfunding platform, Tilt, announced on Tuesday the launch of its new peer-to-peer lending feature, Request and Money. This new feature will reportedly allow for free, secure and automatic payments on iOS and Android.  The funding portal revealed those who use Request and Send may exchange money with… Read More

August 5, 2016 @ 12:59 pm By Samantha Hurst  |  

Assetz Capital one of the UK’s largest peer-to-peer lenders, announced it is predicting that both savers and borrowers will continue to turn to alternative finance companies in increasing numbers as Bank of England slashes interest rates from 0.5% to 0.25%. The website reported, peer-to-peer lending platforms remain largely untouched… Read More

August 5, 2016 @ 10:49 am By Samantha Hurst  |  

On Friday, India-based peer-to-peer lending platform, i2iFunding, announced its new investor protection fund, Principal Protection Fund, which reportedly will allow investors to have 100% protection against loan defaults. Sharing details about the fund, Vaibhav Pandey, co-founder and CEO of i2ifunding, stated: “The principal protection fund is… Read More

August 1, 2016 @ 4:54 pm By Samantha Hurst  |  

Last week, UK peer-to-peer lending platform, Orchard Lending Club, officially launched and is now offering investors the opportunity to earn up to 7.08% interest per annum over a five-year period by lending finance to creditworthy professional practices and schools and their clients. Orchard Lending Club is… Read More

July 29, 2016 @ 12:11 pm By Samantha Hurst  |  

Charity fundraising website, iDonate, announced on Friday the launch of its new peer-to-peer support that is dedicated to nonprofits. This new service reportedly enables organizations to support their causes by creating individual, team or event-centered crowdfunding programs that tap into personal networks. Ray Gary, CEO of… Read More

June 24, 2016 @ 3:41 pm By Samantha Hurst  |  

This week, Prosper unveiled its very own guide to investing in marketplace lending. This news comes just days after announcing the launch of its new retail investor experience. The Prosper team revealed: “In today’s volatile economy, people are increasingly shying away from the stock market and seeking… Read More

June 16, 2016 @ 4:24 pm By Samantha Hurst  |  

This week, co-founder and chief commercial officer of Landbay, Gray Stern, sat down with The Asian Banker to discuss the peer-to-peer lender’s growth along with the importance of transparency in the fintech industry. Landbay, which founded by Stern and John Goodall, allows individuals to invest in… Read More

March 29, 2016 @ 12:13 pm By Samantha Hurst  |  

Peer-to-peer lender, China Rapid Finance, announced on Tuesday it has become a sponsor and founding member of the National Internet Finance Association of China (NIFA). According to the company, the NIFA was founded with the approval of China’s State Council. It has been led by the People’s Bank of China,… Read More

February 18, 2016 @ 10:46 am By Samantha Hurst  |  

This week, peer-to-peer (P2P) platform LendInvest announced it has appointed Hugo Davies as its new capital markets associate. Davies reportedly joins LendInvest from Goldman Sachs, where he worked in liquidity, cash and collateral management. He stated: “I joined LendInvest with a deep appreciation for detail,… Read More

December 23, 2015 @ 1:45 pm By Samantha Hurst  |  

On Tuesday, Kiva Zip’s Jonny Price announced the lending platform’s numbers from November 2011 (its launch) to December 2015 (present).   Kiva Zip is a program from Kiva where people may make loans directly to entrepreneurs for as little as $5. It has three goals: Help… Read More

December 17, 2015 @ 1:27 pm By Samantha Hurst  |  

On Thursday, Queensland-based Auswide Bank announced it has offered $60 million in funding to peer-to-peer lender, MoneyPlace. MoneyPlace, which was launched in October, provides loans of $5000 to $35,000 through its P2P platform. The new partnership between Auswide and MoneyPlace will have a 5-year deal to fund up… Read More

December 17, 2015 @ 12:42 pm By Samantha Hurst  |  

BondMason, an online savings and investments platform that sources investments from across the peer-to-peer (P2P) market for its clients, announced on Thursday that in its latest report that P2P lending has doubled to £2.3bn in 2015 The company revealed that P2P platforms are fast becoming the popular… Read More

December 10, 2015 @ 1:55 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform Lending Works released a new report that revealed a large proportion (27%) of its customers didn’t know how much interest they were paying on their debt before taking out a debt consolidation loan with the peer-to-peer lender. Of those respondents that were… Read More

December 8, 2015 @ 9:11 am By Samantha Hurst  |  

Income&, a marketplace investing platform based in San Francisco, announced on Tuesday that it has secured $2.9 million in combined seed funding and capital committed to support company operations. The company is the creator of PRIMO, a low-risk, superior-yielding fixed income product backed by high-quality,… Read More

December 2, 2015 @ 10:09 am By Samantha Hurst  |  

AltFi, a media outlet for alternative finance, announced this week details about the inaugural AltFi Australasian Summit 2016 in Sydney, which is set to be held next February 29th in Sydney. This event will provide attendees with a deep dive into the inner workings of… Read More

November 16, 2015 @ 2:10 pm By Samantha Hurst  |  

AltFi, a media outlet for alternative finance, recently announced the winners of this years AltFi Awards. Among the winners were Funding Circle and SyndicateRoom. It was noted that this year AltFi split the award categories into three sections: Industry, Small Business & Investor. “For the industry… Read More