Tagged: peer to peer

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

Fellow Finance IPO Oversubscribed, Fintech to Trade on Nasdaq First North Finland

Fellow Finance, a peer to peer lending platform, has announced that their initial public offering (IPO) will trade on the Nasdaq First North Finland marketplace. The offering was said to be 2.2 times over-subscribed. Fellow Finance will issue a total of 1,300,000 new shares in addition to… Read More

P2P: Bondora Reports Record Month for Loan Originations

Bondora, a peer to peer lending platform based in Estonia, has reported a record number of loan originations for September. According to a short note from the P2P lender, Bondora saw originations rise to € 5,527,855 in September – a 4.7% increase versus the prior… Read More

Crowd2Fund P2P Report Says Best Case Model Shows Annual Return of 8.51%

Crowd2Fund is out with a note on platform performance. The UK peer to peer debt platform states that current default levels stand at 1.42% and their best case model APR standing at 8.51%.  The crowdfunding platform says the current worst-case model, which assumes all defaults… Read More

SEC Charges Former LendingClub Execs, including Founder Renaud Laplanche, with Misleading Investors, Breach of Fiduciary Responsibilities

The Securities and Exchange Commission (SEC) has charged LendingClub Asset Management LLC, and former President Renaud Laplanche with fraud for improperly using fund money to benefit LendingClub.  LendingClub Asset Management, Laplanche, and former CFO Carrie Dolan, also were charged with improperly adjusting fund returns. The… Read More

Funding Circle Sets Share Price at Low End of Range, Raises Gross Proceeds of £300 Million

Samir Desai

Funding Circle has set the share offer price at the low end of the range, according to a note published by the company. Previously, Funding Circle had announced it would offer up to 136,039,416 shares at a price between 420 pence to 530 pence per share…. Read More

UK P2PFA: Peer to Peer Loans Tops Net Lending to SMEs by Banks in Q2

UK Peer to Peer Lending Hurdles £1 Billion During 2nd Quarter The UK Peer to Peer Finance Association (P2PFA) has published their second quarter 2018 numbers from member platforms.  According to their data, the peer-to-peer lending industry contributed more than £1 billion to the UK… Read More

Thincats Adds £300 Million to Fund UK SMEs

Online lender ThinCats has announced a new £300 million program with global asset manager Insight Investment to fund UK SMEs. The announcement was shared on a ThinCats blogpost that indicated they now have the potential to loan up to £600 million. ThinCats is a UK based peer to… Read More

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

Groundfloor

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

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