FOLK2FOLK, the UK’s peer to peer lending company, has announced Carlos Howard as its new Head of Business Development. Carlos brings over 20 years of leadership “experience in financial services, legal, and manufacturing sectors, with a focus on sales, customer care, operations, and strategic roles.”… Read More
Peer-to-peer lender FOLK2FOLK has topped £700 million in lending, according to a note from the firm. The company claims to be the largest P2P lender to small businesses in the UK. Launched in 2013, FOLK2FOLK is one of the few remaining P2P lenders. The unique model combines… Read More
SoLo Funds, a peer to peer lender, has settled allegations brought by the Attorney General of Pennsylvania. In a public statement, the AG claimed that Solo Funds “deceptively led borrowers to belive they were receiving interest free loans.” Allegedly, the loans actually incorporated “outrageously inflated… Read More
FOLK2FOLK has recently announced “record” turnover and investor returns. Folk2Folk is reporting continued growth and positive impact “on regional UK economies with £15m paid out in interest to investors.” FOLK2FOLK, the UK’s peer-to-peer lending platform for businesses, says that it “returned a record £15.78m in… Read More
Linked Finance, an online lender serving Irish SMEs, says it has topped €300 million in loans since its launch. The funding has supported over 4200 smaller firms. For 2024, Linked Finance predicts that it will lend, on average, €115,000 per borrower hitting over £80 million… Read More
HNW Lending says it has surpassed £140 million in online lending. As the name implies, HNW means high net worth individuals. Regulated by the UK Financial Conduct Authority, HNW Lending is a peer-to-peer lending platform that enables asset-backed loans for UK-based individuals and businesses, with… Read More
The Consumer Financial Protection Bureau (CFPB) has sued the online lending platform SoLo Funds for claims the Fintech deceived borrowers about the total cost of loans. The CFPB notes that SoLo markets itself “as a consumer-friendly alternative to high-cost, short-term loans.” Solo is a Fintech… Read More
Linked Finance has partnered with the Strategic Banking Corporation of Ireland (SBCI) to lend up to €50 million to Irish SMEs. The loans are said to be issued at a discounted rate. Linked Finance is a peer-to-peer (P2P) lending platform serving smaller firms in Ireland…. Read More
Robocash investors positively assessed the results of the past year, according to the latest market research and analysis. Almost a third of respondents claim that they now plan “to increase their investment portfolios in 2024.” Robocash analysts questioned investors in order “to find out how… Read More
Once one of the largest peer-to-peer lenders in the world, China’s Lufax (NYSE:LU) has hit an all-time low trading on the NYSE. The bid-ask of shares is around $2.17. A year ago, it was trading at over $10 a share, thus delivering a spectacular collapse… Read More
The UK peer-to-peer (P2P) lending market witnessed “rapid” growth in 2023 and is set to continue into 2024, according to an update from Sourced Capital. Although the market is growing according to reports from certain industry participants, there are many platforms/firms that have exited the… Read More
The European continental P2P lending market is “subject to localized randomness, especially in times of crises,” according to an update shared by Robocash. Robo.cash analysts studied “the exposure of the continental European P2P lending market to the randomization effect.” The analysis included 54 European platforms… Read More
SaveLend Group AB has announced the appointment of Jenny Gabrielsson as its new Chief Financial Officer. She will replace Jonas Ahlberg, who will remain with the company, continuing as Deputy CEO. SaveLend offers a savings platform (SaveLend) and the billing platform Billecta. SaveLend offers peer-to-peer… Read More
While many P2P lenders have fallen to the wayside or moved on to accepting only institutional funding, Folk2Folk perseveres with its original mission. Today, Folk2Folk claims the title of the UK’s largest peer-to-peer lending platform in terms of cumulative lending, having facilitated £653 million… Read More
Posted on the UK Financial Conduct Authority (FCA) registry today, peer-to-peer lender Rebuildingsociety was denied the ability to approve any financial promotion for a “Qualifying Cryptoasset for communication by an unauthorized person” and must withdraw any current promotion by tomorrow. After Rebuildingsociety has withdrawn all… Read More
Over the summer, the number of monthly visits to the most popular European continental P2P platforms grew by 22.5%, according to an update shared by UnaFinancial (formerly doing business as Robo.cash). The analysis of monthly traffic by UnaFinancial of the websites of leading European P2P… Read More
Until now, state sync on the Internet Computer used the legacy P2P layer, which works over TCP. The new P2P layer is tailored for state sync and “uses the QUIC transport protocol, making it simpler, more performant, secure and ready for future evolution.” The Internet… Read More
Robocash notes that the month of July turned out to be “active,” which is reflected in the key monthly figures. For now, Robo.cash says they are still “keeping a low-key offer and waiting for updates from the business.” As covered, Robo.cash has announced upcoming changes… Read More
P2P platforms used to take about 5 years to reach key metrics, whereas in current conditions, new companies need just 3 years to do so, according to a recent update shared by Robo.cash. Robocash platform analysts have reportedly looked into three parameters “as the main… Read More
P2P digital currency exchanges have reportedly assisted crypto traders with circumventing globally-enforced sanctions against Russia’s banking institutions. Crypto exchange Binance‘s recent activities might worsen its regulatory challenges in the US. The recent crackdown attempts to place a ban on transactions completed with payment cards that… Read More
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