Tagged: peer to peer

Peer to Peer Lending Site Zopa to Offer Business Loans Soon

The United Kingdom’s largest peer to peer lending site Zopa has announced they expect to be offering business loans soon.  Presently their platform is designed to support peer to peer personal consumer loans matching borrowers to investors. Zopa has been in business for over 8… Read More

UK Crowdfunding Explored in Report by Ian Youngman

This independent report -‘The Future of Crowdfunding in the UK’ is from writer/ researcher/ economist Ian Youngman, who specializes in reporting on new financial ideas, tackles UK crowdfunding.  The author is no fan of Kickstarter and postulates the industry must get itself in order to… Read More

Lord Young Publishes Report on Growing Business in UK, includes Crowdfunding & Peer to Peer Lending

Vocal British business advocate Lord Young has published another report championing the cause of business and more specifically the importance of small businesses. Lord Young has been involved in several successful businesses and held multiple government positions where he has tirelessly promoted the importance of… Read More

Demand for alternative source of finance for small businesses is rocketing

Demand for alternative sources of finance is rocketing, with figures this weekend showing that lending to small firms through peer-to-peer lending site Funding Circle has passed £100 million. The site, set up less than three years ago, has grown so fast that experts estimate in… Read More

Could peer-to-peer lending plug finance gaps?

Peer-to-peer lending models are filling the gap left by banks, suggests a new report from innovation charity, NESTA. ‘Banking on Each Other’ looks at the emerging field of peer-to-peer lending to business and the processes that drive borrowers and lenders to use the platforms. Data… Read More

Crowdfunding In Europe: The Top 10 ‘Peer-to-Peer’ Lenders

Crowdfunders generally fall into different categories: equity, donation, reward, and debt. The last is also known as microfinancing — and commonly referred to in Europe as “peer-to-peer lending.” Here are the top 10 up-and-coming peer-to-peer lenders e making financial waves in Europe: 1. Zopa –… Read More

Comedy club boss to put smile on faces of firms seeking funds

HE was the man who launched Dublin’s Laughter Lounge comedy club, but Peter O’Mahony is finding nothing funny about Irish banks’ refusal to lend money. So the entrepreneur is about to introduce Crowdfunding to Ireland following its success in the US and Britain. “Basically, it’s… Read More

Lend Academy and NowStreetMedia Announce Peer to Peer Lending Conference

Lend Academy, a resource for the P2P lending industry, and NowSteet Media, producer of  financial events that highlight Wall Street transformations, are pleased to announce LendIt, the first global conference for the burgeoning P2P and online lending industry. Lend Academy, the preeminent resource for the… Read More

Kiva Touches One Million Lives Around the World With Crowdfunded Loans

Kiva, a crowdfunding platform for social good, announced today that it has reached over 1 million people in more than 65 countries through $400 million in microloans. This is a tremendous milestone for the nonprofit organization, which was founded in 2005 to connect people through… Read More

President Bill Clinton Helps Launch Kiva City Little Rock

President Bill Clinton helped announce the launch of Kiva City Little Rock, an initiative that expands the availability of crowdfunded microloans for small business owners and aspiring entrepreneurs in the Little Rock area. The program reaches underserved borrowers by crowdfunding loans, connecting current and future… Read More

Interest Starved Savers Deserting High Street for Online Lenders

Frustrated savers are ditching high street providers and turning in rapidly growing numbers to online lending after watching cash returns plunge in recent months. Peer-to-peer or social lending firms offering savings rates double those available from banks and building societies have reported surging demand as… Read More

Revolution in Business Lending Could Transform the British Economy

Peer-to-peer lending has the potential to kickstart the economy by providing credit for small businesses Despite some encouraging signs, the UK economy remains in trouble. Growth remains weak and confidence fragile. Lending to small and medium businesses – the motor for job creation – has… Read More

For Disillusioned SMEs Hope Is Not Lost

2012 was a tough year for SMEs. The Eurozone crisis rumbled on, economies stagnated or contracted and the banks failed to lend the sums needed to help pull Europe out of the abyss. Government initiatives such as the Funding For Lending (FLS) scheme in the… Read More

Julian Knight: Peer-to-peer lending is the future but users must take care

Zopa are expecting a doubling in the market for peer-to peer lending in 2013 as consumers and small businesses in particular turn their back on the traditional high-street banks. Disillusionment is one reason for this and so, it seems, are the terrible returns on savings… Read More

Open Letter from the Peer‐to‐Peer Finance Industry to EU and UK Policy‐makers

See the entire letter submitted to Policy Makers from the recent Peer to Peer Finance industry summit held in the UK earlier this month.  Supporters include a wide range of crowdfunding industry participants. [scribd id=116841493 key=key-1qqbc1h72zp82zdy0ukj mode=scroll]

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