Tagged: peer to peer

July 24, 2017 @ 11:17 am By Samantha Hurst  |  

Earlier this month, leading peer-to-peer lender Lending Club announced it has expanded its partnership with Opportunity Fund to provide underserved small businesses with access to loans they need in order to grow. Lending Club revealed: “Access to credit has long been a challenge for small businesses,… Read More

July 24, 2017 @ 8:35 am By Samantha Hurst  |  

Lending Works recently announced it is now offering bonuses for lenders on its peer-to-peer lending platform. Starting today, lenders may earn a bonus of £50 for each calendar week, up to £200 in bonus. This is assuming that the lenders lend out £5,000 or more in each of the calendar weeks. While… Read More

July 21, 2017 @ 10:47 am By Samantha Hurst  |  

While revealing a “refresher” of its lending policies, UK-based peer-to-peer lender, Zopa, announced that as of July 20th it has lent £2.46 billion and is lending around £80m per month. “With the support of our customers, we have (as of 20 July 2017) lent £2.46bn… Read More

July 20, 2017 @ 9:33 am By JD Alois  |  

RateSetter has been hit with a series of significant operational challenges as several large loans have struggled.  The widely reported series of events have culminated in approximately £48 million worth of loans being taken over by the P2P Lender. This amount would have  outstripped the… Read More

July 19, 2017 @ 11:48 am By Samantha Hurst  |  

On Wednesday, peer-to-peer lender Zopa released its latest Home Improvement Index that indicated a quart of British homeowners looking to improve their homes this summer are choosing to renovate their kitchens and are seeing a 51% return on investment as a result. According to research, 25% of… Read More

July 18, 2017 @ 7:56 am By JD Alois  |  

Bondora, a European peer to peer lender based in Estonia, has announced that it has become profitable during the first six months of 2017. Bondora stated that it had generated a net profit of €300,00 during the first half of the year. The overall revenue target… Read More

July 17, 2017 @ 3:36 pm By Samantha Hurst  |  

Just eight months after announcing its plans to move into Hong Kong and Singapore, Chinese peer-to-peer lending platform Lufax is set to make its way to Singapore. It is now prepping to launch its new platform called Lu International.  As previously reported, Lufax Chairman and… Read More

July 17, 2017 @ 8:30 am By Erin Hobey  |  

“As the industry matures and looks to grow beyond a base of early adopters, I believe a focus on clarity will best help us to attract new investors.” Growth Street, an FCA-authorized UK business finance platform focusing on SME loans, has aimed to become a… Read More

July 17, 2017 @ 7:53 am By JD Alois  |  

Assetz Capital is continuing its strategy of establishing a local presence across the UK with the appointment of Ian Craig as Regional Relationship Director to help manage operations in Scotland. The appointment comes as Assetz Capital says growth in Scotland continues with a target of… Read More

July 16, 2017 @ 3:00 pm By Xu Gao  |  

CBRC Partners with 19 Banks to Establish Fintech Cloud Stack. By 2020, 60% of systems in China’s banking industry will be deployed in the cloud, most with the approval of the China Banking Regulatory Commission. According to the report, China Banking Regulatory Commission (CBRC) has… Read More

July 14, 2017 @ 11:15 am By JD Alois  |  

GLI Finance (AIM: GLIF) has announced that FundingKnight has been granted full Authorisation from the Financial Conduct Authority (FCA). FundingKnight is an online / P2P Lender providing access to capital for UK SMEs. FundingKnight has been operating under interim permissions since 2014, when the FCA… Read More

July 13, 2017 @ 6:01 pm By Therese Torris  |  

  Germany is a huge SME and VSME (very small business) credit market. But it is not as mature a market for online marketplace lending as the UK, the US, or even the Netherlands. This partly explains why Funding Circle Germany’s early loan book underperformed…. Read More

July 13, 2017 @ 8:49 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Dianrong announced on Wednesday it has acquired Quark Finance’s asset-origination operations. According to the online lender, the transaction will expand and strengthen its existing asset generation capabilities across Asia. Dianrong reported that Quark Finance currently operates 71 borrower service centers in 47 Chinese… Read More

July 11, 2017 @ 10:18 am By JD Alois  |  

Yirendai (NYSE:YRD), a China based peer to peer lender that is a sister company of CreditEase, has shared that a lawsuit filed against it in 2016 has been completely dismissed. The putative class action lawsuit was brought by multiple law firms pertaining to the decline in… Read More

July 11, 2017 @ 7:48 am By JD Alois  |  

Folk2Folk has announced the launch of its Innovative Finance ISA (IFISA). The P2P lender’s “local” ISA can give investors the opportunity to support British businesses within their local area whilst earning tax-free interest on the loans. Jane Dumeresque, CEO Folk2Folk, said they were delighted to… Read More

July 10, 2017 @ 11:27 am By Samantha Hurst  |  

China Rapid Finance announced on Monday it has exceeded 20 million cumulative loans facilitated since its marketplace lending platform launch. According to the lender, this new milestone demonstrates accelerating the growth of its consumer marketplace due to the fact that the number of facilitated loans… Read More

July 10, 2017 @ 9:42 am By Samantha Hurst  |  

On Monday, Australia-based online lender SocietyOne announced it not only celebrated its five year anniversary, it has also surpassed $300 million in total originations. The platform revealed it advanced over $100 million of new lending during the first half of 2017 and its loan book increased… Read More

July 10, 2017 @ 9:16 am By Therese Torris  |  

German online consumer lending marketplace auxmoney announced that it has crossed a new milestone: the marketplace has granted more than 70,000 loans worth more than €500 million in cumulated volume. Raffael Johnen, CEO of auxmoney, commented: “Half a billion euros worth of loans. This demonstrates… Read More

July 7, 2017 @ 10:59 am By Samantha Hurst  |  

On Friday, UK-based peer-to-peer lending platform Landbay celebrated its third birthday. The online lender revealed that in the past three years, it has lent a total of £47.31 million, which is funding buy-to-let mortgages throughout the UK. CEO and co-founder, John Goodall shared details about the… Read More

July 7, 2017 @ 7:48 am By JD Alois  |  

Assetz Capital, a fast growing peer-to-peer finance platform, has outlined its intent to further develop its nationwide broker network, supported by its rapidly growing Regional Relationship Director team. The P2P lender explains that since 2014 brokers have played a key role in referring many small… Read More