Tagged: peer to peer

July 29, 2018 @ 6:30 pm By JD Alois  |  

This past Friday, the UK Financial Conduct Authority (FCA) finally released their review of the crowdfunding industry regulations. While the investment crowdfunding sector (equity crowdfunding) came away mostly unscathed the loan based sector (or peer to peer lending) took a bit of a lashing. The… Read More

July 28, 2018 @ 8:48 am By JD Alois  |  

Online lender Prosper announced a new milestone yesterday. The marketplace lending platform topped one million loans this past week representing over $13 billion in originations. The news, shared via a blog post, stated; “Since we launched in 2006 as the first peer-to-peer lending company in… Read More

July 27, 2018 @ 12:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital recently announced the opening of the office for its Scotland team. According to the lender, the Scotland team has moved into new office premises based in the heart of Edinburgh. While sharing details about the new location, John Hewitt, who heads… Read More

July 26, 2018 @ 12:03 pm By JD Alois  |  

Singapore based FintruX Network, “a global P2P lending ecosystem,” has added Bob Rinaldi to its Board of Directors. Rinaldi is a long time banker and entrepreneur.  According to FIntruX, Rinaldi has served as the CEO of CI Finance, a national equipment finance company, and as a Director… Read More

July 26, 2018 @ 10:40 am By JD Alois  |  

Peer to peer property lender CrowdProperty is out with a note saying they funded a £925,000 residential property in under ten minutes. To be exact, 9 minutes; 51 seconds. CrowdProperty adds that 60% of projects launching in 2018 each funding under half an hour. CrowdProperty states… Read More

July 19, 2018 @ 8:48 am By JD Alois  |  

Raize, a peer to peer lender, became the first initial public offering out of Portugal this week since 2014. The small cap online lender IPOed at €2.00 yesterday (July 18th) having gained 1400 new shareholders. Trading on the Euronext Access exchange under ticker MLRZE shares increased the… Read More

July 16, 2018 @ 8:11 am By JD Alois  |  

CreditEase, a China based peer to peer lending platform, has been recognized for its Fintech venture fund by a CB Insights report. According to the report, the CreditEase Fintech Investment Fund is number three in the world when it comes to ranking the most active… Read More

July 12, 2018 @ 9:30 am By JD Alois  |  

Lending Works has received £2.8 million in funding in a round led by Maven Capital Partners, with £800,000 of backing from Pollen Street Capital and NVM Private Equity. The UK peer to peer lender said proceeds will be used to fuel growth including loan customer acquisition… Read More

July 7, 2018 @ 7:27 pm By JD Alois  |  

A report in ECNS indicates that the Chinese peer to peer lending industry is enduring a bit of a retrenchment. China is home to the largest P2P industry in the world – an accomplishment that was aided by the fact that at the beginning, few… Read More

July 2, 2018 @ 10:56 am By Samantha Hurst  |  

Peer-to-peer lending platform Zopa announced on Monday its 2017 profit after tax of £1.5 million for its online lending business. According to the Fintech, 2017 was a year of strong and sustainable growth, with the year’s revenue being £46.5 million – an increase of 40%… Read More

June 29, 2018 @ 4:49 pm By Therese Torris  |  

Today June 28, Belgium-based SME lending platform Look&Fin announced that it has partnered with credit insurer Atradius to offer a 100% guarantee on the capital lent to SMEs by its retail investors. The move is dramatically closing the gap between marketplace lending and bank lending…. Read More

June 27, 2018 @ 5:04 am By JD Alois  |  

Portuguese peer-to-peer lender Raize has announced an initial public offering (IPO) where it will float 15% of the company’s shares. An additional 10% of shares will be made available for a period of 6 months once trading starts on the 18th of July – trading… Read More

June 21, 2018 @ 7:34 am By JD Alois  |  

Marketplace lending platform Linked Finance has secured a commitment from Portugal’s Banco BNI Europa, who will provide up to €50 million over a 2-year period, to lend to Irish SMEs. Niall Dorrian, CEO of Linked Finance, called the decision by Banco BNI Europa to deploy… Read More

June 20, 2018 @ 8:50 am By Samantha Hurst  |  

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Tuesday it was officially accepted as a member of the Nandu Finance Digital Union on June 11th. The lending platform reported that the Union, which was launched in April 2018 by the Nanfang Metropolis Daily and the Nandu Finance… Read More

June 15, 2018 @ 7:53 am By JD Alois  |  

UK based peer-to-peer lender RateSetter is reporting that subscriptions to its IFISA have surpassed £100 million. This milestone took four months to reach and, according to RateSetter, faster than any other P2P lender. To date, RateSetter has originated over £2.5 billion in online loans to… Read More

June 4, 2018 @ 12:31 pm By JD Alois  |  

Lendix, a Paris based online lender that claims to be the number one SME lender in all of continental Europe, has received a new €32 million funding round for its European development. Investors in this round include Idinvest Partners, Allianz France and CIR S.p.A. (a… Read More

May 25, 2018 @ 8:16 am By JD Alois  |  

UK based peer to peer lending platform RateSetter has topped £2.5 billion in loan originations, according to a note from the company. The online lender provides credit to both individuals and UK SMEs. The milestone comes just as RateSetter announced that it had generated £100… Read More

May 15, 2018 @ 7:08 am By JD Alois  |  

UK Peer-to-peer lending platform RateSetter has topped the milestone of returning £100 million in pre-tax interest payments to its investors. RateSetter reports accomplishing this without any individual investor losing a penny. Launched in October 2010, RateSetter now claims over 500,000 customers. From the investing side, more than… Read More

May 10, 2018 @ 8:41 am By Samantha Hurst  |  

Paxful, a global peer-to-peer bitcoin technology company, announced on Thursday it is set to build a blockchain technology incubation hub in Lagos, Nigeria, as part of its growing investment in Africa. The company reported that it has appointed Chuta Chimezie as Regional Director of Africa. He will be responsible… Read More

May 1, 2018 @ 10:03 am By Samantha Hurst  |  

Specialist property peer-to-peer lender, CrowdProperty announced on Tuesday it has appointed Mike Bristow as its new CEO. Bristow is the co-founder of the lending platform and has been on the Board as a Non-Executive Director since it was established in 2013. He is now taking on… Read More