Tagged: peer to peer

January 10, 2014 @ 11:39 am By Charles Luzar  |  

Peer-to-peer lending platform CircleBack Lending has closed a $1.9 million equity funding round. Led by GETCO LLC founders Daniel Tierney and Stephen Schuler, the round will help CircleBack to prepare for nationwide expansion. GETCO is an electronic securities trading firm that merged with Knight Capital Group earlier… Read More

January 10, 2014 @ 11:15 am By Charles Luzar  |  

The peer-to-peer lending space is rife with news and new high-quality market entrants to kick off the new year. It’s part of the reason why I predicted that 2014 is the year that P2P lending goes mainstream. (One could make an argument that it already has,… Read More

January 3, 2014 @ 9:57 am By JD Alois  |  

Peer-to-Peer commercial property lender Relendex is going after a third round of funding and they are crowdfunding now on Angels Den.  Relendex has already raised £1.6 Million in equity and management is looking to raise another £150,000.  The Relendex team states they have built their… Read More

January 2, 2014 @ 10:04 am By Charles Luzar  |  

What caused the financial crisis of 2008? Many would argue that bad loans made to unworthy borrowers were at the core of the entire downturn. For First Principles Capital Management CEO and co-founder Doug Dachille, the current trajectory of the peer-to-peer lending market bears a striking… Read More

December 16, 2013 @ 8:40 am By JD Alois  |  

United Kingdom based peer-to-peer lending platform eMoneyUnion is offering 15% equity in their company for £300,000.   Pre-money valuation placed the firm at £2 Million.  As of today 29 investors had funded over £42,000. The shares are currently EIS and SEIS pending.  The offering is… Read More

December 16, 2013 @ 1:00 am By JD Alois  |  

SocietyOne is changing the way loans are funded in Australia.  The company launched their first fully compliant Peer-to-Peer lending platform back in August of 2012.  SocietyOne operates their own proprietary loan management platform called ClearMatch which provides safe and secure online loan applications and document… Read More

December 3, 2013 @ 2:57 pm By JD Alois  |  

In multiple reports, Chancellor George Osborne is said to allow tax free returned from peer-to-peer lending platforms like Zopa, Funding Circle, LendInvest and others.  Savers have been able to increase their rate of return by participating in these platforms thus cutting out traditional banks in… Read More

November 30, 2013 @ 10:21 am By JD Alois  |  

The Mortgage Finance Gazette Awards 2014 have recognized peer-to-peer crowdfunding platform LendInvest for their Innovation Award giving the platform a “Highly Commended” acknowledgement.  LendInvest was the only p2p site listed for all of the various categories. The Mortgage Finance Gazette Awards are split into two… Read More

November 15, 2013 @ 10:55 am By JD Alois  |  

LendInvest, a United Kingdom based Peer-to-Peer (P2P) platform targeting the residential and commercial mortgages market recently revealed some interesting statistics regarding their portal.  The company launched crowdfunding operations this past May and has traded over £8.5 Million in loans.  From this empirical data, as reported… Read More

November 6, 2013 @ 11:01 am By JD Alois  |  

$8.4 billion in total assets under custody, assets under custody for private funds topped $2 billion, an increase of approximately $1 billion within the last 12 months. Since launching the Private Fund Custody service in 2010, Millennium Trust has leveraged its 10+ years of expertise in alternative asset custody… Read More

October 25, 2013 @ 9:05 am By JD Alois  |  

Over 57,000 UK citizens have joined Funding Circle with over £165 Million lent to British businesses.  Now the Peer-to-Peer platform is getting bigger and they have received $37 Million in a Series C round led by Accel Patners.  Additional investors included Union Square Ventures, Index… Read More

October 25, 2013 @ 8:04 am By JD Alois  |  

Assetz Capital, a fast growing Peer-to-Peer lender which has completed £5 Million in loans in their first 6 months, has commented on the FCA’s Consultation Paper on crowdfunding which was released yesterday.  Assetz notes the proposal could force out a significant number of providers but… Read More

October 22, 2013 @ 6:06 pm By JD Alois  |  

Company Expects to Lend £100 Million by 2014. Only six months after launching, peer-to-peer (P2P) lending platform Assetz Capital has lent more than £5 million to UK SMEs and property developers, making it one of the fastest-growing P2P platforms ever. Lending has increased exponentially, with £2m lent… Read More

October 14, 2013 @ 6:12 am By JD Alois  |  

UK based online crowdlending platform, Funding Empire, will be listing their first loans today, October 14, 2013.  The peer to peer lending platform released this announcement following their successful launch of their lender and borrower registration process – a precursor to offering loans up to… Read More

October 13, 2013 @ 7:11 pm By JD Alois  |  

After 6 months of operation, peer to peer lending platform LinkedFinance has breached the £1 Million mark in providing loans.  The Dublin based operation also expects to grow staff from 5 employees to 30 as the new company quickly grows. As reported in the Independent,… Read More

October 5, 2013 @ 3:27 pm By JD Alois  |  

Ron Suber, the Global Head of Institutional Sales at Prosper, will be discussing the rapidly growing area of Peer to Peer (P2P) lending at the New York Investing meetup on October 10th. P2P lending first appeared in England in 2005 and then rapidly spread to… Read More

September 25, 2013 @ 7:58 pm By JD Alois  |  

Kiva, the microfinance crowdfunding platform for social good, has announced a partnership with San Diego based EarlyIQ’s due diligence  platform to evaluate loan applications on the Kiva Zip platform.   As the small business credit crunch has continued unabated in recent years, Kiva Zip will help… Read More

September 21, 2013 @ 2:58 pm By JD Alois  |  

Funding Empire, a UK based online crowdlending platform, has scheduled the formal release of their borrower application process to facilitate debt crowdfunding in the United Kingdom.  Scheduled for release on Monday, September 23rd, this follows their successful launch of their lender registration process. The objective… Read More

August 21, 2013 @ 9:59 pm By JD Alois  |  

FrontStream Payments Acquires Artez Interactive, Expands Domestic and International Footprint for charity fundraising and donation processing. FrontStream Payments and Artez Interactive have combined forces to offer not-for-profits a comprehensive suite of peer-to-peer fundraising and donation processing solutions for top nonprofit organizations in the U.S., Canada,… Read More

August 19, 2013 @ 9:41 am By JD Alois  |  

Based near Manchester, eMoneyUnion is a Peer to Peer Lending Platform that Serves Non Standard Borrowers in the United Kingdom.  CEO Lee Birkett recently sat down for an interview on Crowdfunding Podcast. eMoneyUnion presents pre-approved borrowers to lenders acting as a peer to peer loan… Read More