Tagged: peer-to-peer lending

November 2, 2015 @ 11:10 am By Samantha Hurst  |  

Last week, Lending Club (LC:NYSE) announced that it has surpassed $13 billion from borrowers since its launch in 2006. Lending Club is the “world’s largest online marketplace.” The platform connects borrowers with investors in a streamlined, low friction process that have seen growing acceptance by consumers. The company… Read More

October 26, 2015 @ 4:30 pm By Samantha Hurst  |  

On Monday during the Money2020 conference, real estate lending marketplace Groundfloor introduced three new tools that expand peer-to-peer real estate lending. These tools enable quick comparison of loans, automated investing and in-depth analysis of loan grading factors. Since announcing its historic qualification by the SEC on… Read More

October 21, 2015 @ 11:16 am By Samantha Hurst  |  

This week, Platform Black announced it has funded over £100 million in invoices for UK SMEs. The provider of alternative finance has reached this milestone in just three years since the company’s inception, an achievement which highlights the soaring demand from UK businesses for access to… Read More

October 20, 2015 @ 8:08 am By Samantha Hurst  |  

On Tuesday, point of demand lending platform, Pay4Later, announced it has signed a deal with new partner peer-to-peer (P2P) lender, Lending Works, to join its fast growing consumer lending platform. The deal means Pay4Later may now extend market reach and increase credit acceptance for merchants… Read More

October 13, 2015 @ 10:35 am By Samantha Hurst  |  

Last week, peer-to-peer (P2P) platform StreetShares announced that it has formed an exclusive partnership with online marketplace, FedBid. The goal of the partnership is to provide America’s small businesses with the education, resources, and funding needed to compete for and win supplier contracts from federal… Read More

October 1, 2015 @ 10:34 am By Samantha Hurst  |  

LoanDepot LLC, a marketplace lending platform, announced on Thursday the appointment of Michael H. Wilson as SVP, Information Technology. Michael H. Wilson joins loanDepot after serving as CIO and Director of IT Strategy at Ball Aerospace where he led classified and unclassified IT strategy, including… Read More

September 25, 2015 @ 9:21 am By Samantha Hurst  |  

Harmoney, Australasia’s peer-to-peer lending (P2P) marketplace, announced on Thursday that the company has completed a $200m funding round, led by P2P Global Investments PLC (P2PGI) managed by Eaglewood Europe LLC, a subsidiary of alternative asset manager Marshall Wace. The agreement includes both equity and debt, with… Read More

September 22, 2015 @ 12:11 pm By Erin Hobey  |  

  As previously announced, LendIt has partnered with P2PFA for the second annual European conference to be held in London this coming October. The P2PFA, the UK industry body for peer-to-peer lending, works to promote high standards of business practice and an effective regulatory framework. Current membership includes… Read More

September 15, 2015 @ 1:08 am By Midori Yoshimura  |  

  Recently, Soul Htite, co-founder and CEO of Dianrong.com, one of China’s fastest-growing peer-to-peer lenders, did a little debunking of P2P and conventional banking assumptions. In a recent exclusive interview with FinanceAsia, he noted, One of the common misconceptions of P2P lenders is that they go head-to-head with… Read More

September 11, 2015 @ 10:42 am By Samantha Hurst  |  

SoFi, the second largest marketplace lender, today announced Arthur Levitt, the longest-serving chairman of the US Securities and Exchange Commission (SEC), will become an advisor.  Levitt served at the SEC from 1993 to 2001. The firm also announced it has surpassed $4 billion in funded… Read More

September 10, 2015 @ 9:44 am By Samantha Hurst  |  

On Thursday, new lending marketplace, Twino, announced that it has seen €500,000 euros invested in its first four months of operation. Head of Marketing at Twino, Ieva Ozoliņa-Bērziņa, declared: “Twino’s observations show that the Latvian population’s creditworthiness is stable, as also demonstrated by studies carried out by… Read More

September 9, 2015 @ 2:40 pm By Samantha Hurst  |  

On Wednesday, Fundly, a crowdfunding platform that is primarily used for nonprofit projects, announced that it has been acquired by NonProfitEasy. Fundly President, Mark Feinberg, reportedly told Forbes: “NonProfitEasy, the integrated and affordable data management solution for nonprofits, has acquired Fundly, a top online crowdfunding platform… Read More

August 20, 2015 @ 1:48 am By Midori Yoshimura  |  

Peer-to-peer lender RateSetter is now offering secured personal loans, and will focus on the automotive loan market to start with, according to Business Insider Australia. RateSetter has partnered with car finance broker Stratton, which is majority owned by Carsales.com.au. Carsales also holds a 20 percent equity… Read More

August 11, 2015 @ 2:09 am By Midori Yoshimura  |  

Syndex, welcome to the world of peer-to-peer lending. The New Zealand-based company today launched one of the country’s first online exchanges for buyers and sellers of proportionally-owned assets, according to a press release from farm investment company MyFarm. Shares in MyFarm’s $550 million of rural assets under… Read More

August 10, 2015 @ 12:23 am By Midori Yoshimura  |  

  In the UK, more than 100 peer-to-peer lenders have applied for full authorization from the Financial Conduct Authority (FCA), which took over regulation of P2P last year, notes the Financial Times. Nearly 180 companies have interim permission to operate, according to figures obtained from the FCA… Read More

August 6, 2015 @ 11:37 am By Erin Hobey  |  

Funding Circle touted a record-breaking £47.5 million was lent to businesses across the UK through its marketplace in July. Currently 46 loan requests on the marketplace are available, including a property developer building 4 new homes in Wigan and a fundraising business looking to expand. The total value of new loans… Read More

July 21, 2015 @ 11:12 am By Samantha Hurst  |  

Maples Fund Services, an independent global fund services provider and division of MaplesFS, has announced the opening of its office in San Francisco, its first on the west coast. The expansion further solidifies the firm’s North American presence and bolsters its service offering for clients… Read More

July 8, 2015 @ 10:09 am By Samantha Hurst  |  

Research and Markets has announced the addition of the “Peer-to-Peer Lending Platforms Revolutionizing Traditional Practices” report to its offering. Since the 2008 global economic and financial crisis, individuals and businesses around the world have struggled to obtain financing from traditional lenders. In Europe the difficulty in obtaining new financing… Read More

April 15, 2015 @ 2:00 am By Midori Yoshimura  |  

  OnDeck Capital, which offers short-term loans to businesses of between $5,000 and $250,000, and Prosper Marketplace, a peer-to-peer lending marketplace, today announced their new strategic partnership, according to a story in New York Business Journal. The partnership was made public at the LendIt financial tech conference… Read More

February 19, 2015 @ 9:18 am By Samantha Hurst  |  

DonorDrive, a peer-to-peer fundraising software, has released their free State of  Peer-to-Peer Fundraising Report 2015, a yearly report that examines this rapidly-changing space for nonprofits and gives them the intelligence they need to make vital revenue decisions this year. Co-founder and CEO of Global Cloud… Read More