Tagged: peer to peer

December 8, 2017 @ 10:58 am By Samantha Hurst  |  

Earlier this week, online lending platform Zopa announced that users may now set their repayments to automatically move into an ISA. The lender reported this means that users may gradually move their Zopa money into an ISA without having to sell loans and pay fees… Read More

December 7, 2017 @ 7:01 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the leading global research institute for all things Fintech, has published its fourth annual survey on UK alternative finance. According to the report, entitled Entrenching Innovation: The 4th UK Alternative Finance Industry Report, the sector of emerging financial… Read More

December 7, 2017 @ 10:41 am By Samantha Hurst  |  

On Thursday, Chinese peer-to-peer lending platform Dianrong announced it has made a series of senior executive announcements. The online lender revealed Founder and former CEO, Soul Htite, has been named Executive Chairman, while Co-Founder and Co-CEO, Kevin Duo, was appointed Co-Chairman of the board. Former… Read More

December 6, 2017 @ 11:02 am By Samantha Hurst  |  

On Wednesday, UK peer-to-peer lending platform RateSetter released its accounts for the year ending on March 31, 2017. The online lender reported that revenues were £23.7m, up 38 percent from 2015-16; loans under management grew by 23 percent, from £581m to £714m; the number of… Read More

December 5, 2017 @ 6:54 pm By JD Alois  |  

LendingClub (NYSE:LC) has gone from Wall Street darling to Wall Street dog. Since the IPO at the tail end of 2014, shares in the largest marketplace lending platform in the US have struggled to regain its offer price of $15 a share. If you are… Read More

December 4, 2017 @ 9:06 am By Samantha Hurst  |  

On Monday, mortgage marketplace lender LendingHome announced it has originated more than $2 billion in mortgage loans for homeowners and real estate investors. The online lender revealed that the first billion of originations occurred over the course of 30 months, while it took just 12 months for the… Read More

December 3, 2017 @ 6:26 pm By JD Alois  |  

Hexindai (NASDAQ:HX), a China based peer to peer lender, became the most recent Chinese online lender to trade on a US exchange early last month. The company will report fiscal year results this coming Tuesday before markets open. The  online lender listed their shares on the… Read More

November 30, 2017 @ 1:07 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital announced on Thursday its Innovative Finance ISA (IFISA) will be available as a wrapper on all of its investment accounts, including the manual lending account. The online lender reported that the IFISA will be launched next month, with users… Read More

November 29, 2017 @ 3:22 pm By Samantha Hurst  |  

Peer-to-peer lending platform Assetz Capital completed its latest equity crowdfunding round on Seedrs. The online lender launched the funding round last month and raised a total of £1,665,892.  As previously reported, the launch of Assetz Capital’s latest funding round comes just after the online lender announced from… Read More

November 29, 2017 @ 11:31 am By JD Alois  |  

According to a report in El Español, peer to peer lender Comunitae has ceased all operations indefinitely due to fraud detected on the platform this past October. The Comunitae web site is still live but certain portions are not functional. Madrid based Comunitae is described… Read More

November 28, 2017 @ 3:47 pm By Samantha Hurst  |  

On Monday,  Financial Markets Authority (FMA) today published its first statistical report on peer-to-peer lending (P2P) and crowdfunding in New Zealand. The organization described the report as a snapshot of P2P and crowdfunding activity in New Zealand for the year ended June 30, 2017. It was revealed: “The… Read More

November 27, 2017 @ 4:20 pm By Samantha Hurst  |  

Irish peer-to-peer lender Flender has reportedly attracted close to more than €2 million through its latest funding round. This news comes less than a year after the lending platform secured £501,700 through its equity crowdfunding campaign on Seedrs. As previously reported, Flender is authorized and regulated by the… Read More

November 27, 2017 @ 10:19 am By Samantha Hurst  |  

Peer-to-peer lending platform Lendable has entered into £300 million loan deal with investment and mortgage firm Castle Trust. This news comes just a couple weeks after the online lender hit its £100 million milestone. Founded in 2014, Lendable describes itself as a peer-to-peer lending platform… Read More

November 27, 2017 @ 8:19 am By Samantha Hurst  |  

Less than a week after launching its latest equity crowdfunding campaign on Seedrs, short-term peer-to-peer lending platform Welendus has successfully secured its initial 150,000 funding target from more than 100 investors.  As previously reported, Welendus was founded in 2015 and aims to re-define the short-term lending market… Read More

November 24, 2017 @ 10:08 am By Samantha Hurst  |  

Short-term peer-to-peer lending platform Welendus has launched a new equity crowdfunding campaign on Seedrs. The online lender is now seeking £150,000 as it prepares to expand. This campaign launch comes less than a year after Welendus raised £117,580 on Seedrs.  Welendus, which was founded in 2015, aims to re-define… Read More

November 24, 2017 @ 9:30 am By Samantha Hurst  |  

UK-based peer-to-peer lending platform RateSetter announced on Friday it has appointed Richard Steele as its regional manager for the Midlands. According to the online lender, Steele has more than 15 years of business lending experience and prior to joining RateSetter, he held the relationship manager… Read More

November 24, 2017 @ 8:20 am By Samantha Hurst  |  

Chinese marketplace lending platform Yirendai (NYSE: YRD) announced on Friday it has received its ISO 27001 Certification from the British Standards Institution. According to the online lender, the ISO 27001 certification is an internationally recognized best practice framework for an information security management system (“ISMS”) and… Read More

November 22, 2017 @ 7:41 am By JD Alois  |  

ThinCats unveiled a new brand last week at an event attended by more than 100 business leaders. The gathering took place at the National Space Centre in Leicester but the new branding will not be officially launched until mid-December. John Mould, ThinCats CEO and Ravi Anand,… Read More

November 20, 2017 @ 10:33 am By Samantha Hurst  |  

Less than a month after launching its latest equity crowdfunding campaign on Seedrs, peer-to-peer lending platform Assetz Capital has successfully secured £1.5 million from more than 700 investors. The online lender took to the funding portal to raise £1 million for expansion. Its previously initiative… Read More

November 20, 2017 @ 10:19 am By Samantha Hurst  |  

Last week, peer-to-peer lender Landbay announced it will be offering up to 25-year mortgage terms starting in January 2018. The lending platform revealed in a blog post: “After listening to feedback from our network of specialist broker partners, and in light of our own industry knowledge… Read More