Tagged: peer to peer

Zopa Warns Consumers that 2/3 of Loan Applications Don’t Receive Advertised Interest Rate

Peer to peer lender and digital bank Zopa is out with note highlighting the fact that consumers too frequently do not receive the interest rate they expect when applying for a loan. In fact, Zopa states that an astounding two-thirds of loan applicants are offered… Read More

As Chinese P2P Lending Market Rapidly Consolidates, Report Says Some Platforms Look to Other Countries for Solace

The peer to peer lending market in China was at one time similar to the ridiculous ICO market. Full of big promises that ended up being empty commitments. Allegations of fraud in the P2P sector in China has been far larger than the ICO sector… Read More

Peer to Peer Lender Viainvest Announces One Interest Rate for All Loan Originators, Currently 11%

Peer to peer lender Viainvest has circulated an email indicating they have established  “one interest rate for all loan originators.” Currently, the interest rate is pegged at 11%. Viainvest, part of the Via SMS Group, is based in Riga, Latvia. The company currently offers small… Read More

Why P2P Lending is a Primary Investment Opportunity

The Fintech space has seen significant investment growth in recent years. Out of 310 private companies valued at over US$1 billion globally, 10 percent are in the Fintech sector, according to CB Insights. Only two other sectors claim a larger share of the unicorn pie,… Read More

Kuflink Reports £50 Million in Bridge & Development Loans

Peer to peer lender Kuflink has reported surpassing £50 million worth of bridging and development loans. Kuflink is a UK based P2P lender serving the property market. All loans are said to be secured by UK property. According to the website, investors may earn up… Read More

Peer to Peer Lender Linked Finance Tops €100 Million in Lending

Linked Finance, an Ireland based peer to peer lender serving SMEs, has topped €100 million in lending, according to a note from the company. Management states that this milestone indicates that P2P lending is a proven funding option which is being recognized by Irish SMEs…. Read More

UK P2PFA: Peer to Peer Lending Platforms Originate £866 Million in Q1, Cumulative Lending Now Tops £10.5 Billion

The UK Peer to Peer Lending Association (P2PFA) is out with their quarterly report of member platforms. According to the Association, P2P lending increased more than £866 million in Q1 taking cumulative lending for the Association’s members to more than £10.5 billion. P2PFA members are… Read More

Perspective: Why it’s Time to Ask Your Wealth Manager About P2P Lending

Peer-to-peer (P2P) lending is a form of crowdfunding, a method of raising capital that is nowadays often facilitated via the internet. Rather than rely on large amounts of funding from a handful of entities, crowdfunding uses small investments from a large pool of individuals. For… Read More

The Financial Conduct Authority Updates Rules for Peer to Peer Lending, Boosts Investor Protection Including Cap on Retail Investors

The UK Financial Conduct Authority (FCA) has published a long-anticipated update to crowdfunding rules. More specifically, the FCA has “enhanced” aspects of investor protection for investors participating in peer to peer lending (P2P). Rules for investment crowdfunding, on the other hand, came out largely unchanged…. Read More

P2P Lender Lendy Goes Bust

Peer to peer lender Lendy is no more. On May 24, the online lender went into administration. According to the Lendy website: The administrators are working closely with the FCA who consented to their appointment over the Companies. This website will be used to provide… Read More

US Peer to Peer Lender SoLo Now Offering Loans Across US

SoLo Funds, a peer-to-peer lending platform that provides access to small loans, reports that it is now available across the contiguous US. Travis Holoway, CEO and Co-founder of SoLo Funds, says there is no longer a need to go to a payday lender. “SoLo is… Read More

Scotland: LendingCrowd Launches Two New Features to Help Investor Diversification

LendingCrowd, the only online lending platform based in Scotland, has launched two new features designed to boost diversification for investors’ portfolios. LendingCrowd states that investors in their Growth Account and Income Account, both available as an IFISA, can already create diversified portfolios of loans to… Read More

Robo.cash Says P2P Investors Tend to Increase Investment by 30% After One Month

European peer to peer lending platform Robo.cash has published a note on platform investors indicating that after the first month of investing, users tend to invest 30% more. The second month, investors bump it up by another 10%. The intimation is that new investors test… Read More

Peer to Peer Lender Fincera Announces Year End Results. Issues First Semi Annual Dividend of $0.30

Peer to peer lender Fincera (OTCQB: YUANF) has issued their 2018 year-end results. The Chinese online lender reported top line revenue for the year ended December 31, 2018 at RMB 1,412.0 million (USD $205.7 million), an increase of RMB 388.1 million from RMB 1,023.9 million… Read More

Peer to Peer Lender RateSetter Receives Queen’s Award for Enterprise

Peer-to-peer investment platform RateSetter has been recognized with a prestigious Queen’s Award for Enterprise for excellence in innovation. Established in 1965, the Queen’s Award for Enterprise is the most prestigious business award in the UK. The Award recognizes the success of innovative businesses which are… Read More

Peer to Peer Lending Platform Welendus Receives Investment from Unicorn Ascension Fund

Welendus (PTP Funding Limited), a peer to peer lending platform, has received an investment from the Unicorn Ascension Fund (UAF) for an undisclosed amount. The investment was said to be used for future expansion into India. Other early-stage investors in the company include Pontaq, a… Read More

Fellow Finance Reportedly Facilitated €18.2 Million of Loans in March 2019 & Total Investors Grows to More Than 12,000

Finland based peer to peer lender Fellow Finance announced last week that it facilitated €18.2 million of loans in March 2019 and its total number of investors grew to more than 12,000. As previously reported, Fellow Finance was founded in 2014 and its main business… Read More

P2P Property Lender The House Crowd Surpasses £100 Million in Lending

Peer to peer lending platform The House Crowd has surpassed £100 million of invested capital through its platform. The House Crowd said the past year has been pivotal for the platform as the UK property market slowed. The Manchester-based online property lender reported several new… Read More

Peer to Peer Lender Folk2Folk Revamps to Boost SME Lending

Peer to peer lending platform Folk2Folk has relaunched their entire product line. Folk2Folk is a unique online lender as it targets localized loans and has a strategic local presence across the UK. Folk2Folk explained the changes in a release where management said the range of… Read More

Downing Acquires P2P Lender Funding Empire

Downing LLP has acquired the peer to peer lender Funding Empire, the company behind Downing Crowd’s platform technology. Funding Empire is the trading name for Tally Marketplace Lending Ltd. Downing LLP is an FCA authorized and regulated investment manager which operates the crowdfunding platform, Downing… Read More

Send this to a friend