Tagged: peer to peer

RateSetter to Focus Solely on Asset Backed Lending for Commercial Loans

Peer to peer lender RateSetter said its commercial lending vertical will focus solely on secured lending in its commercial finance vertical. Following a review of its commercial finance operations, RateSetter said it would move to “simplify” its commercial finance by funding only property backed or… Read More

Peer to Peer Lender Zopa Increases Interest Rates Paid to Investors

Zopa, one of the largest peer to peer lenders in the UK, has announced an increase in interest rates paid to investors. Zopa currently offers two diversified investment tiers: Zopa Core and Zopa Plus. Returns have increased from 3.7% for Core and 4.5% for Plus… Read More

PeerIQ CEO Ram Ahluwalia: 2017 Saw a Resurgence of Growth in Online Lending

  There are several people in the online lending industry, inclusive of marketplace and balance sheet lending, that truly know just about everything going on in this evolving sector of finance. Ram Ahluwalia, CEO and co-founder of PeerIQ is one of these persons. His company… Read More

Worthy Peer Capital Moves forward with Reg A+ Offer to Bring a Liquid Peer-Debt Product to Market Providing 5% Money Market Alternative

Worthy Peer Capital, a subsidiary of Worthy Finance, has received regulatory approval to raise funding under Reg A+. The crowdfunding round will be used to bring a new liquid peer-debt product to the entire investing ecosystem. Everyone knows that rates on Money Market accounts suck. But… Read More

Lending Marketplace Lendix Raises €200 Million Institutional Financing to Trailblaze European Alternative SME Finance

Lendix’s historical investors are renewing their trust in the Paris-based European SME marketplace lender. The European Investment Bank Group (EIB), CNP Assurances, Eiffel IM, Groupama, Zencap AM, Matmut and Decaux Frères Investissements are among the first investors joining to finance Lendix’s latest investment vehicle to… Read More

Online Lender Robo.Cash Shares Insight into Investor Activity

Peer to peer lender Robo.cash has shared a “financial portrait of a Robo.cash investor.” Their study reflects the behavior of investors on the European P2P platform, including the actual volume of investment, the quantity and size of deposits and withdrawals of funds from the platform, is… Read More

Online Lender Lendix Shares What to Expect in 2018

Lendix, one of the premier peer to peer lending platforms in continental Europe, published a letter last week sharing what to expect in 2018 and reflecting on the past year. Their third Open Letter first tackled promises from the year prior. According to their recollection, Lendix… Read More

Focusing on Growth in 2018, Online Lender Lendix Adds Three New Executives to Management Team

Leading online lender Lendix is out with a note saying they have hired three new recruits to support its 2018 growth targets. The peer to peer lender currently operates in France, Spain and Italy, but will open up in two additional countries soon. To help… Read More

Lending Works Celebrates Fourth Birthday

On Thursday, UK-based peer-to-peer lender Lending Works celebrated its fourth birthday. Founded in January 2014, Lending Works describes itself as a peer-to-peer lending platform that matches people looking for a better return on their money with sensible borrowers looking for a low-cost, flexible personal loan…. Read More

ThinCats Says 2018 is Poised for Growth in SME Lending

ThinCats says 2018 is poised for growth. The online lender reports that December was a record month booking £12 million of funding listed on the platform followed the biggest-ever ThinCats-listed loan of £6.7 million to the Chelsea Yacht & Boat Company at the end of September…. Read More

Dianrong Announces Strategic Agreement With Dalian Finance Development Bureau & Dalian Finance Industry Investment Group

Chinese peer-to-peer lending platform Dianrong announced on Thursday it has signed a strategic agreement with Dalian Finance Development Bureau and Dalian Finance Industry Investment Group. Dianrong revealed that according to the agreement it will be developing a series of specific projects in partnership with the Dalian government,… Read More

Indonesia P2P Startup Modalku Milestone: Hits $74 Million in Total Crowdfunded MSME Loans

Modalku, an Indonesia-based peer-to-peer lending fintech startup, successfully surpassed $74 million (Rp 1 trillion) in total crowdfunded MSME loans. This news comes just a little over six months after the company announced it was fully registered with the Otoritas Jasa Keuangan (OJK). As previously reported, Modalku was… Read More

Folk2Folk Announces New CEO as Giles Cross Takes Over Leadership Role P2P Lending Platform

Folk2Folk, a unique peer to peer lending platform that combines physical locations with an online platform matching investors with small business loans, has announced the appointment of Giles Cross  Chief Executive Officer (CEO). Cross takes over the position from Jane Dumeresque who announced her resignation… Read More

UK’s Largest P2P Lender Funding Circle Said to be Planning IPO at £2 Billion Valuation

Funding Circle, a UK based peer to peer lender, is reportedly planning an initial public offering (IPO) for 2018. The news of the new listing is courtesy of SkyNews that reports Funding Circle will begin meeting with investment banks during Q1 of 2018 as they… Read More

China: WeiyangX Fintech Review

CBRC Rumored to Suspend Private Banks’ Online Lending Activities 2017 marks the third anniversary of China’s private banks. Over the past three years, 17 private banks have been granted operation licenses. However, as the volume of these new institutions grew, the overall financial regulatory environment… Read More

Success: LoanBook Completes Crowdcube Round With More Than £735,000 in Funding From Nearly 300 investors

Spanish marketplace lending platform, LoanBook, closed its equity crowdfunding campaign on Crowdcube with a total of £737,450 from 297 investors. The funding round was launched in November and looked to raise £650,000. As previously reported, LoanBook was founded in 2013 and claims to be Spain’s… Read More

Mitty Group Secures Nearly £2 Million in Funding From Assetz Capital to Develop Two New Residential & Leisure Sites in Merseyside

Earlier this month, Liverpool-based property developer Mitty Group secured £1,982,000 worth of funding from UK-based peer-to-peer lender Assetz Capital to develop two new residential and leisure sites in Merseyside. Established in 2013, Mitty Group is one of Liverpool’s fastest growing property development and investment companies. It specializes… Read More

P2P Lender RoboCash Updates on 2017 Progress

Latvia-based European peer to peer lender Robo.Cash, a young platform that is less than a year old, has provided an update on loan origination progress.  According to the P2P lender, RoboCash attracted € 2.5 million of investments in pay day lending (PDL) loans in 2017. Robo.Cash… Read More

P2Binvestor CEO Krista Morgan on Marketplace Lending: What to Expect in 2018

P2Binvestor CEO Krista Morgan founded P2Binvestor in 2012 with a mission to help growing businesses succeed. Morgan is not only CEO of a fast growing Fintech, she is also the cohost of the podcast “Women Who Startup Radio”, an ardent mentor to other women entrepreneurs… Read More

Peer to Peer Robo-Lending Platform InvestUp Sizes Up Cryptocurrency Investing

FCA authorised crowdfunding aggregation platform InvestUp may be going crypto. The UK based Fintech has so far focused on the peer to peer lending space but management is currently looking at adding algorithm driven cryptocurrency investing. InvestUp shares that 2017 has been another good year… Read More