Tagged: peer to peer

October 22, 2019 @ 2:55 am By JD Alois  |  

EstateGuru, an online lender for short-term, property-backed loans for SMEs, is reporting having financed 1040 loans for a total amount of €153 million since 2014. Geographically, 68.27% of them were in Estonia, 17.92% in Latvia, 12.24% in Lithuania, 1.37% in Finland, 0.1% in Portugal, and 0.1%… Read More

October 22, 2019 @ 2:34 am By JD Alois  |  

creditshelf Aktiengesellschaft, a peer to peer lender providing financing options to German SMEs, says that more loans have been originated on its platform in the 9 months of 2019 than all of 2018. According to creditshelf, loan volume through the past 9 months stands at… Read More

October 18, 2019 @ 9:42 am By Therese Torris  |  

Look & Fin, a European crowdlending pioneer, announced that it has raised €6 million from local investment fund finance & invest.brussels and private investors. Founded in 2012, Look & Fin, is one of the top SME crowdlender in the European area of Belgium, Luxembourg and… Read More

October 18, 2019 @ 9:22 am By JD Alois  |  

Pan European peer to peer lender EstateGuru has launched a secondary market for their loans, according to a note from the company. Investors may now buy and sell the securities online. EstateGuru is a peer to peer market for short term, property-backed loans for SMEs…. Read More

October 15, 2019 @ 8:26 am By JD Alois  |  

Thameside Investment Group has purchased 20% of peer to peer debt trading platform ASMX, according to a note from the company. ASMX was valued at £5 million. Thameside is a UK-based multi-asset investor that currently holds two portfolio companies. ASMX is a secondary market designed… Read More

October 10, 2019 @ 8:58 am By JD Alois  |  

Peer to peer lender RateSetter has reported that for the year March 2019 losses have dropped from £27.5 million in the previous year to £4.2 million. The company claims it has taken a “big step towards profitability. Topline revenue was reported at £33 million with… Read More

October 8, 2019 @ 9:53 am By Samantha Hurst  |  

Peer to peer lender Beehive announced on Tuesday it has facilitated funding for its first SME in Bahrain. According to the online lending platform, the SME, Bahrain-based Mira Packaging Factory, manufactures disposable paper cups and other food packaging solutions to the GCC and African F&B industry.  “Since… Read More

October 7, 2019 @ 7:20 am By JD Alois  |  

Linked Finance is announcing a new product as the deadline for a Brexit deal nears. The Ireland based peer to peer lending platform has launched new “Beyond Brexit” loans for Irish SMEs. The new loans are said to provide working capital to Irish businesses preparing… Read More

October 5, 2019 @ 6:38 pm By JD Alois  |  

Lenmo, an alternative lender that is a marketplace for investors to fund loans all on an App, is raising up to $3 million on SeedInvest. Lenmo is a small-dollar lender that will provide credit when banks say no as it will accept subprime borrowers –… Read More

September 30, 2019 @ 8:42 am By Omar Faridi  |  

UK’s financial regulator, the Financial Conduct Authority (FCA), is currently investigating the operations of several peer-to-peer (P2P) lenders after discovering various failures or instances of non-compliance ahead of the implementation of stricter regulations this year, according to a report in the FT. Last week, the… Read More

September 27, 2019 @ 7:06 am By JD Alois  |  

Folk2Folk, a local-focused peer to peer lender providing financing to SMEs, has appointed Roy Warren as its new Managing Director. Warren has been filling the role on an interim basis for some time now. Simultaneously, the P2P lender added four new members to its Board… Read More

September 24, 2019 @ 1:41 pm By JD Alois  |  

Funding Circle (LSE:FCH), a leading peer to peer (marketplace) lending platform serving SMEs, has posted a comment letter regarding the Securities and Exchange Commission (SECs) concept release on regulatory harmonization. Funding Circle is the largest peer to peer lender in the UK – the country… Read More

September 20, 2019 @ 3:40 pm By Omar Faridi  |  

“Bank-As-A-Service” platform MatchMove has reportedly finalized an agreement with MoolahSense, a licensed peer-to-peer (P2P) lending firm. The deal involves a strategic stake, which will take effect immediately. CEO of MoolahSense Lawrence Yong noted: “We are excited to partner with MatchMove to launch a risk-mitigated ‘on-tap’… Read More

September 20, 2019 @ 9:17 am By JD Alois  |  

Peer to peer platform Robo.cash has published a report indicating growing interest from Germany regarding P2P lending. In a study conducted by the platform, the company said that in 2015 the monthly number of requests related to P2P lending in the country was less than… Read More

September 18, 2019 @ 10:36 pm By JD Alois  |  

creditshelf Aktiengesellschaft has signed a purchase agreement for the acquisition of all shares in Valendo – part of the finleap Fintech ecosystem. According to a company release, the purchase price was in the “low seven-digit amount.” Payment will take place in two separate tranches. creditshelf… Read More

September 11, 2019 @ 4:44 pm By JD Alois  |  

Canada’s first peer to peer lending platform for SMEs, Lending Loop, has topped CDN $50 million in loans, according to a post by Brendon Vlaar, co-founder and CTO of the company. Lending Loop provides investment opportunities in debt-based securities to both accredited and non-accredited investors…. Read More

September 10, 2019 @ 10:10 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Tuesday its support for the decision by industry regulators to include the country’s P2P platforms in the central bank’s credit system. The online lender reported that it believes this as a positive move for the P2P… Read More

September 7, 2019 @ 8:33 am By Xu Gao  |  

China to Include P2P lending Industry into Credit System On September 2nd, the special working group for Fintech risk ratification and special working group for online lending administration jointly issued a notice, requiring all p2p lending institutions to be connected to the credit system established… Read More

September 6, 2019 @ 7:43 am By JD Alois  |  

Peer to peer lender Robo.Cash says that beyond loans denominated in Euros, European investors are expressing interest in Ruble denominated loans. This comes at a time when the Ruble has risen against the Euro by 9%. Robo.Cash states that in a survey conducted on the… Read More

September 4, 2019 @ 11:50 am By JD Alois  |  

Funding Societies, one of the largest peer-to-peer (P2P) lending platforms in Southeast Asia, has revamped its executive team with new hires. Funding Societies provides access to capital to SMEs crowdfunded by both institutional and individual investors. To date, Funding Societies reports over S$ 800 million… Read More