Tagged: peer to peer

Bondora Reports New Record Month of Loan Originations in December

Peer to peer lender Bondora is reporting a new record month of loan originations to end the year. According to an email from the online lender, December loan originations topped €8 million for the first time landing at €8.5 million. This a 7% increase over their prior… Read More

Peer to Peer Property Lender Kuflink Adds Underwriter Following “Huge Spike”

Kuflink, a peer to peer property lender for short term finance, has expanded its lending team following increasing platform activity. “Following the launch of our quick bridge product at the tail end of 2018, we’ve seen a huge spike in uptake from new brokers as… Read More

BitTorrent Announces New Token to Enhance Decentralized P2P Protocol

BitTorrent, Inc., the company behind P2P communications protocol and products, BitTorrent and µTorrent, announced on Thursday the launch of its new token, which aims to expand upon its vision of a decentralized internet. According to BitTorrent, the new token, also called BitTorrent (BTT), will enable… Read More

Proplend Looks Back on 2018 & Announces 2019 Plans

Online platform Proplend gave its 2018 peer-to-peer (P2P) property lending year in review. The lender listed the various accomplishments that the lending industry experienced in the past twelve months. The accomplishments are the following: Over £50 million lending now facilitated through the platform and over £100 million… Read More

Lending Works Looks Back at 2018 Successes

Peer to peer lender Lending Works is wrapping up 2018 by celebrating the platform’s greatest achievements during the past twelve months. The online lender celebrated five major milestones throughout the year. “As 2018 draws to a close, with our bellies full of Christmas turkey, it’s only natural… Read More

UK P2PFA Lending Platforms Top £10 Billion in Total Lending in Q3

The UK Peer to Peer Finance Association (P2PFA) has posted a note on an industry milestone. According to the P2PFA, member platforms have now surpassed £10 billion in total lending during the most recent quarter. The P2PFA states that over £900 million was originated on… Read More

P2P Lender Bondora Reports Almost €8 Million in Originations for November

Peer to peer lending platform Bondora says loan originations almost hit €8 million during the month of November. This follows a record-breaking month of October In November, Bondora issued €7,894,070 of new loans, just ahead of the record set for originations in the previous month of €7,802,163. Much of… Read More

Kik Announces Launch of Peer-to-Peer Transactions Feature

Kik, a Canada-based chat platform, announced on Thursday the launch of its new peer-to-peer transaction feature, which is powered by Kin. According to Kik, the feature will allow users who are participating in public group chats to reward group administrators for facilitating positive and meaningful user interactions inside… Read More

China: WeiyangX Fintech Review

Ping An Invests $47 million in Berlin-based Fintech Startup Finleap On November 20th, Ping An, one of China’s largest financial groups, announced its first entry into the European market. The Ping An Insurance Group’s Global Voyager Investment Fund led a €41.5 million ($47 million) investment… Read More

Germany: Online Lender creditshelf Reports Increase in SME Loans, Predicts €500 Million in Lending per Year

Peer to peer lender creditshelf has reported results for the first nine months of 2018. As of the reporting date, the company recorded requests amounting to € 750.6 million, more than twice as much as in the first nine months of 2017. creditshelf said it was able… Read More

October Rallies €255 Billion Worth of Corporate Support to Promote Crowdlending

October (formerly Lendix), the newly rebranded European SME lending marketplace made a splash today with what is probably the most creative promotional campaign in the history of crowdlending. To date, the October platform has facilitated more than €240 million worth of loans to 500 small… Read More

Lending Works Appoints Three New Board Members, Targets P2P Growth

Peer to peer lender Lending Works has selected three new members for their Board of Directors. The online lender has appointed; Simon Waugh, former Chairman of CMC Markets, Deputy CEO of British Gas, Paul Noble, CEO of Honeycomb Finance, a Pollen Street Capital business, and… Read More

Russian Online Lender MFC Zaymer Joins Robo.cash

Automated peer to peer platform Robo.cash has issued a note saying Russian microfinance company MFC Zaymer is joining their platform. The company operates Zaymer.ru that offers short-term (payday) loans with interest rates for investors of 14% in Euros and up to 18% for loans originated in Rubles…. Read More

Future Digital Bank & P2P Lender Zopa Raises £60 Million, Plans for Expansion [u]

Zopa, the UK’s largest consumer peer to peer lending platform, has closed on a £60 million funding round – its largest capital raise to date. This most recent funding round was partially announced back in August when Zopa reported it had raised £44 million. The new capital… Read More

Online Lender MoolahSense Adds Blockchain-based AI for Superior Risk Management

Singapore based peer to peer lender MoolahSense has added a cloud and blockchain based Artificial Intelligence (AI) that is said to provide real-time anticipation of loan delinquency, fraud, and default. “MoolahSense Active Intelligence” (MAI) is designed to monitor loans and borrower business activities in real-time… Read More

Report: Dianrong CFO Allegedly Beats Up CEO’s Cousin in Theft Dispute, Sends Employee to Hospital (Video) [u]

There is drama today at leading Chinese peer to peer lending platform Dianrong. Dainrong was founded in 2012 by Soul Htite, a prominent Fintech executive who was the former CTO of Lending Club. In fact, the online lender has been described as the “LendingClub of China…. Read More

Malaysian P2P Financing Startup Fundaztic Secures RM3 Million in Less Than An Hour Through Crowdfunding Platform pitchIN

Fundaztic, a Malaysia-based peer-to-peer financing startup, reportedly secured RM3 million (approximately US$722,000) in 38 minutes on crowdfunding platform, pitchIN. Nearly 65 investors invested through the round, which was launched on October 17th. Founded in 2016, Fundaztic stated it is on a mission to provide insights and knowledge on crowdfunding… Read More

BQT Launches P2P Decentralized Trading Exchange with Hedge Trading Capabilities

BQT Technologies, LTD (BQT) announced on Wednesday the launch of its P2P decentralized trading platform that will allow direct negotiations between crypto traders for short-term hedging. BQT, which notably stands are “better, quick, and transparent,” claims it is the first decentralized P2P crypto hedge trading platform… Read More

Online Lender Funding Circle Updates on US Loans in Form D Filed with SEC

Funding Circle lobby

Funding Circle (LSE:FCH), the now publicly traded peer to peer lending company based in the UK, has long operated a US subsidiary providing access to credit for SMEs. While the UK iteration is more about P2P in the US, due to antiquated securities regulations, it… Read More

dv01 Announces Reporting Partnership with Funding Circle

dv01, a platform that connects online lenders and investors with data management, announced on Thursday it has formed a reporting partnership with leading peer-to-peer (P2P) lender, Funding Circle. dv01 revealed that through its partnership with Funding Circle, institutional investors who use dv01 to conduct analysis… Read More

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