Tagged: peer to peer

Groundfloor CEO Brian Dally Opines on IPO Results, Growth & Platform Updates

Groundfloor, a direct real estate investment platform, has reaped in an additional $4.2 million in its recent IPO. The total reportedly secured for the 2017-18 campaign to $6.2 million (1) from 2,304 investors and the company’s total fundraising to $13.8M. “The offering was very well-received… Read More

X Financial on IPO: We Have Built One of the Strongest Fintech Businesses in China

Earlier today, China based X Financial (NYSE:FXE) traded on the New York Stock Exchange (NYSE) in its initial public offering raising approximately $104.5 million as 11 million shares were floated at $9.50/share. The shares quickly jumped higher in early trading and eventually closed about 25%… Read More

China: Fintech / Peer to Peer Lender X Financial Trades on NYSE

Chinese peer to peer lending platform X Financial (NYSE: XYF) completed its initial public offering (IPO) today trading shares on the New York Stock Exchange. Deutsche Bank Securities Inc. and Morgan Stanley & Co. were joint book runners on the IPO. The IPO saw the Class… Read More

E-Commerce Platform KinerjaPay Launches P2P Lending Platform “KFUND”

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced on the launch of its new peer-to-peer (P2P) lending platform, KFUND. According to Kinerjapay, PT. Kinerja Simpan Pinjam has been officially registered and will manage KFUND brand as an online lender that focuses on micro-lending activities. Kinerjapay… Read More

P2P Lender Welendus Launches HMRC-Approved Innovative Finance ISA

UK-based peer-to-peer lending platform Welendus announced on Thursday the launch of an industry-first; it’s HMRC-approved Innovative Finance ISA (IFISA), which is set to allow investors to invest their annual ISA allowance in a flexible high return investment product, with no income tax on the interest… Read More

P2P Lender CrowdProperty Milestone: Surpasses £20 Million in Funding For Property Projects

Peer to peer property lender CrowdProperty announced on Wednesday it not only funded the 47th project, it also surpassed £20 million in funding for the property projects on its platform. The online lender revealed has a 100% track record in repaying lenders’ capital and interest. Across 23 projects,… Read More

P2P Lending: Funding Circle Moves Forward with Initial Public Offering

The long rumored initial public offering (IPO) of UK based Funding Circle appears to be on track and moving forward with a listing on the London Stock Exchange later this year. In a blog post today, Funding Circle stated; “Today we have announced the next… Read More

Update: Welendus’ Latest Seedrs Campaign Now Nearing £1 Million

Just a couple weeks after launching its latest equity crowdfunding campaign on Seedrs, short-term peer-to-peer lending platform Welendus has now secured nearly 1 million from more than 400 investors.  As previously reported, Welendus was founded in 2015 with a mission to redefine the short-term lending market by launching… Read More

China: WeiyangX Fintech Review

Xiaomi Intends to Set Up a Virtual Bank According to a report from HKEJ on August 20, the Fintech branch of Xiaomi Group – Insight Technology (Dongjian Keji)- is intending to apply for a Hong Kong virtual banking license, hoping to submit documents before the end… Read More

Overfunding: P2P Property Crowdfunding Platform Propifi Secures £250,000 Funding Target on Crowdcube

Propifi, an upcoming UK-based peer-to-peer (P2P) property crowdfunding platform, has successfully secured its initial £250,000 funding target through its Crowdcube equity crowdfunding round. The campaign has so far attracted more than 300 investors. As previously reported, Propifi is on a mission to provide a new, easy… Read More

Overfunding: P2P Lender Welendus Secures £850,000 Funding Target Through Latest Seedrs Round

Just a little over a week after launching its latest equity crowdfunding round on Seedrs, Short-term peer-to-peer lending platform Welendus has successfully secured its initial £850,000 funding target. Founded in 2015, Welendus seeks to redefine the short-term lending market by launching a peer-to-peer short-term lending platform… Read More

Proplend Announces Launch of Tranche A Auto-Lend Facility

UK-based peer-to-peer lender Proplend recently announced the launch of its new Tranche A auto-lend facility, which allows Lenders that are participating on the property lending platform to now have an automated investing option that allocates their available cash to eligible loan parts. The facility also… Read More

LendingClub to Issue 30 Million New Shares as Part of Equity Incentive / Employee Stock Purchase Plan

LendingClub (NYSE:LC) issued a Form S-8 today which was filed with the Securities and Exchange Commission. The filing is related to a registration statement for the issuance of up to 30,365,114 shares of common stock in the online lending firm. According to LendingClub, the issuance… Read More

P2P Lender Welendus Returns to Seedrs to Raise £850,000

Short-term peer-to-peer lending platform Welendus has returned to equity crowdfunding platform Seedrs to raise £850,000 in funding. The lender’s latest initiative comes less than one year after it secured £208,898 through the funding portal.   As previously reported, Welendus was founded in 2015 and aims to re-define the short-term lending market by… Read More

Perspective: FCA Regulatory Shift on P2P May Help Bolster Sector & Build Trust with Investors

The Financial Conduct Authority will Update Rules for Loan Based Crowdfunding. Crowd2Fund CEO Chris Hancock Shares His Perspective. The growth and success of P2P lending, and its positive effect on the UK economy, cannot be disputed. Initially starting out as curiosity during the depths of… Read More

Funding Societies Tops S$ 200 Million in SME Crowdfunded Loans

Singapore based Funding Societies, a leading peer-to-peer (P2P) lending platform in Southeast Asia, has topped S$ 200 million mark in total crowdfunded SME loans. Funding Societies notes that this accomplishment arrives just 6 months after crossing S$ 100 million in January of this year. The… Read More

Ning Tang, CEO of CreditEase, Shares Insight into P2P Lending in China

Ning Tang, founder and CEO of CreditEase – a huge Chinese Fintech that started as just a peer to peer lending platform, recently spoke to Bloomberg in Asia. CreditEase is also the majority shareholder of US listed online lender Yirendai (NYSE:YRD) Tang provided an interesting… Read More

Hexindai Further Strengthens Risk Control to Better Protect Investors

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Friday it has further strengthened its risk control system to better protect investors throughout the entire process of borrower acquisition, risk-based pricing, post-loan management, and default risk coverage through its new comprehensive, stable and efficient asset… Read More

Research: Marketplace Lending DOES Benefit Borrowers but Improving Credit Scores May Mean More Debt

There has been an ongoing debate regarding the benefits of marketplace lending when it comes to consumer loans.  A Federal Reserve study hammered peer to peer lending (ie marketplace lending) in late 2017 only to see the study pulled as industry advocates highlighted shortcomings in… Read More

LendingClub Q2 Earnings: Originations Increase 31% YoY, Net Revenue Rises 27%

LendingClub (NYSE:LC) is out with numbers for the second quarter of 2018 ending in June. According to a release, LendingClub delivered the following results: Record net revenue of $177.0 million, up 27% year-over-year Record originations of $2.8 billion, up 31% year-over-year Improved Contribution Margin to… Read More

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