Tagged: peer to peer

February 5, 2018 @ 9:06 am By JD Alois  |  

Challenger bank Banco BNI Europa is now investing in loans via the Fellow Finance platform. According to information provided by Fellow Finance, Banco BNI is the first European bank to invest in loans on its platform. Banco BNI Europa will now be present on the… Read More

February 1, 2018 @ 1:06 am By JD Alois  |  

Crowd Genie Financial Services Pte Ltd, regulated by the Monetary Authority of Singapore (MAS), has announced an initial coin offering (ICO) via their related entity CGSPV Pte. Ltd. The peer to peer lender states that it intends on issuing 60 million Crowd Genie Coins, or… Read More

February 1, 2018 @ 12:44 am By JD Alois  |  

Banco BNI Europa and Funding Circle have entered into a partnership to provide access to capital for small and medium-sized businesses in Germany, according to the bank. Banco BNI Europa is a digital challenger bank based in Portugal. As part of the agreement, Banco BNI… Read More

January 31, 2018 @ 10:52 am By Samantha Hurst  |  

Just days after launching its equity crowdfunding campaign on Seedrs, Estonian peer-to-peer (P2P) lending platform Investly has already secured more than £300,000 in funding from nearly 170 investors. The round is currently seeking to raise £500,000. As previously reported, Investly was founded in 2013 and provides an… Read More

January 29, 2018 @ 3:03 pm By Samantha Hurst  |  

Investly, an Estonian peer-to-peer (P2P) lending platform, is now seeking £500,000 through its equity crowdfunding campaign on Seedrs. Founded in 2013, Investly provides an invoice finance platform that allows users to upload invoices and get them paid with the best rates at a faster pace. The company… Read More

January 27, 2018 @ 3:22 pm By Xu Gao  |  

P2P lending platform Dianrong Secures $70 million D-round funding On January 24th, online lending platform Dianrong.com announced 70 million US dollars D-round funding. This round of investment was led by ORIX’s wholly-owned-subsidiary ORIX Asia Capital Co., Ltd.. CITIC Securities CITIC Securities subsidiary CITIC Lyon also… Read More

January 26, 2018 @ 4:44 pm By JD Alois  |  

LendingClub (NYSE:LC), the largest marketplace lending platform in the US, has just posted an 8K regarding a warehouse funding agreement with certain lenders. LendingClub has enlisted the assistance of JPMorgan Chase Bank, N.A. as administrative agent, and Wilmington Trust, National Association as collateral trustee. The warehouse… Read More

January 26, 2018 @ 7:39 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has published aggregate fourth quarter data for of 2017 for its member platforms. The P2PFA shows that during 2017 £3,145,098,842 in peer to peer loans were facilitated. Cumulative lending transacted through P2PFA member platforms exceeded £8 billion…. Read More

January 24, 2018 @ 10:14 am By Samantha Hurst  |  

On Tuesday, online lending platform SoFi announced details about its 2017 successes and plans for the new year. This announcement comes just after the lender named Anthony Noto as its new CEO and a director, effective March 1st. The 2017 milestone and accomplishments include: SoFi topped… Read More

January 22, 2018 @ 11:09 pm By JD Alois  |  

Funding Societies, a leading peer-to-peer lending platform based in Singapore, has crossed the S$ 100 million mark in total crowdfunded SME loans. The financing was provided to SMEs across Singapore, Indonesia and Malaysia. According to the company, Funding Societies has expanded its crowdfunding book by… Read More

January 22, 2018 @ 8:07 am By JD Alois  |  

Peer to peer lender RateSetter said its commercial lending vertical will focus solely on secured lending in its commercial finance vertical. Following a review of its commercial finance operations, RateSetter said it would move to “simplify” its commercial finance by funding only property backed or… Read More

January 19, 2018 @ 9:57 am By JD Alois  |  

Zopa, one of the largest peer to peer lenders in the UK, has announced an increase in interest rates paid to investors. Zopa currently offers two diversified investment tiers: Zopa Core and Zopa Plus. Returns have increased from 3.7% for Core and 4.5% for Plus… Read More

January 18, 2018 @ 9:40 pm By JD Alois  |  

  There are several people in the online lending industry, inclusive of marketplace and balance sheet lending, that truly know just about everything going on in this evolving sector of finance. Ram Ahluwalia, CEO and co-founder of PeerIQ is one of these persons. His company… Read More

January 18, 2018 @ 4:39 pm By JD Alois  |  

Worthy Peer Capital, a subsidiary of Worthy Finance, has received regulatory approval to raise funding under Reg A+. The crowdfunding round will be used to bring a new liquid peer-debt product to the entire investing ecosystem. Everyone knows that rates on Money Market accounts suck. But… Read More

January 16, 2018 @ 9:39 am By Therese Torris  |  

Lendix’s historical investors are renewing their trust in the Paris-based European SME marketplace lender. The European Investment Bank Group (EIB), CNP Assurances, Eiffel IM, Groupama, Zencap AM, Matmut and Decaux Frères Investissements are among the first investors joining to finance Lendix’s latest investment vehicle to… Read More

January 16, 2018 @ 8:04 am By JD Alois  |  

Peer to peer lender Robo.cash has shared a “financial portrait of a Robo.cash investor.” Their study reflects the behavior of investors on the European P2P platform, including the actual volume of investment, the quantity and size of deposits and withdrawals of funds from the platform, is… Read More

January 15, 2018 @ 9:06 pm By JD Alois  |  

Lendix, one of the premier peer to peer lending platforms in continental Europe, published a letter last week sharing what to expect in 2018 and reflecting on the past year. Their third Open Letter first tackled promises from the year prior. According to their recollection, Lendix… Read More

January 15, 2018 @ 7:47 am By JD Alois  |  

Leading online lender Lendix is out with a note saying they have hired three new recruits to support its 2018 growth targets. The peer to peer lender currently operates in France, Spain and Italy, but will open up in two additional countries soon. To help… Read More

January 12, 2018 @ 10:13 am By Samantha Hurst  |  

  On Thursday, UK-based peer-to-peer lender Lending Works celebrated its fourth birthday. Founded in January 2014, Lending Works describes itself as a peer-to-peer lending platform that matches people looking for a better return on their money with sensible borrowers looking for a low-cost, flexible personal… Read More

January 11, 2018 @ 10:13 pm By JD Alois  |  

ThinCats says 2018 is poised for growth. The online lender reports that December was a record month booking £12 million of funding listed on the platform followed the biggest-ever ThinCats-listed loan of £6.7 million to the Chelsea Yacht & Boat Company at the end of September…. Read More