Tagged: peer to peer

June 1, 2017 @ 9:13 am By JD Alois  |  

Wellesley has entered a period of retrenchment as CFO Alasdair Lenman has departed the company after less than a year on the job. The Wellesley Group consists of Wellesley & Co Ltd, Wellesley Finance Plc and Wellesley Group Investors Ltd. The peer to peer lender made several announcement’s last… Read More

May 31, 2017 @ 4:57 pm By JD Alois  |  

Rebuildingsociety.com, a peer to peer lender for UK SMEs, received full FCA Authorisation in February of this year after a “long journey”. The platform had applied for full authorisation in November 2014.  Rebuildingsociety is now offering companies the opportunity to collaborate with them as Appointed… Read More

May 31, 2017 @ 1:56 pm By Therese Torris  |  

Gregoire de Lestapis has left traditional banking, most recently the direction of BBVA France, for the world of fintech entrepreneurship. In 2016, he joined Lendix, the French SME lending group, as head of its Spanish subsidiary and member of the executive team. In this interview,… Read More

May 30, 2017 @ 7:39 am By JD Alois  |  

Banco BNI Europa, a Lisbon based digital only banking group, has announced a strategic agreement with Raize, Portugals largest peer to peer lender. Banco BNI Europa will invest €10 million to boost SME lending via Raize over the next two years. The announcement by the… Read More

May 25, 2017 @ 7:32 pm By JD Alois  |  

Silver Bullion reports it has now facilitated S$30 million in peer to peer loans secured by precious metals like gold and silver. The Singapore-based platform expects to pay out S$1 million in interest as the loans mature. Lenders are receiving an average return of 3.83%… Read More

May 25, 2017 @ 7:48 am By JD Alois  |  

Zopa has announced that it will launch its Innovative Finance ISAs or IFSA in June pending HMRC approval. Zopa believes demand for the new ISA will be high and said it will give priority access to existing customers. In advance of the IFISA, Zopa is… Read More

May 24, 2017 @ 6:01 pm By JD Alois  |  

LendingClub (NYSE:LC), the largest marketplace lender in the US, is celebrating its tenth anniversary. It is pretty hard to believe that LendingClub is now ten years old. Launched by founder and former CEO Renaud Laplanche back in 2007, like most companies, LendingClub started quite small…. Read More

May 22, 2017 @ 8:01 am By JD Alois  |  

Peer to peer lender Kufflink is out with a report that UK investors are turning to property investment in response to Brexit uncertainty and the forthcoming snap election.  Kufflink is a relatively young P2P lender in the property sector so any shift in property investment… Read More

May 19, 2017 @ 8:09 am By JD Alois  |  

Peer to peer lender Assetz Capital has surpassed £250 million in lending for UK businesses. The platform has accomplished this milestone in the four years since its launch in 2013. The company reports that approximately 20,000 registered lenders have earned over £21 million in interest… Read More

May 16, 2017 @ 8:33 am By JD Alois  |  

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has announced the appointment of Steve Allocca as President of the online lending company. Allocca will start at LendingClub on May 22, 2017 and will report directly to LendingClub CEO Scott Sanborn. Allocca will… Read More

May 16, 2017 @ 7:38 am By JD Alois  |  

Peer to peer property lender Lendy has surpassed £310 million in originations with £50 million coming in last 100 days. The P2P lender states that investors and developers are responding to post-Brexit slowdown in bank lending.  Lendy adds that quick turnaround, security and low Loan… Read More

May 14, 2017 @ 11:02 pm By JD Alois  |  

MarketInvoice, a UK based invoice financing platform, has received a £45 million lending commitment from Portuguese bank BNI Europa. “We are proactively working with Fintech businesses globally that prescribe to our vision of providing low-cost, innovative products with exceptional customer service. MarketInvoice has consistently delivered… Read More

May 13, 2017 @ 10:29 am By JD Alois  |  

Kromtech Security Researchers say they discovered a “massive trove of data” from both businesses and investors on the online lending platform Funding Circle. The data only referenced US based customers and did not impact other markets where Funding Circle originates loans. Reportedly, no data was… Read More

May 12, 2017 @ 9:46 am By Samantha Hurst  |  

UK-based peer-to-peer lender Assetz Capital announced on Friday it is extending the deadline on its 30-Day Access Account promotional rate from May 11th to midday on June 6th. According to the online lending platform, since the rate increase went live on April 13th, investors have had access to a target, capped return of 4.75% per annum… Read More

May 8, 2017 @ 12:10 pm By JD Alois  |  

Do you remember the Ezubao Ponzi scheme that ended in the single largest peer to peer lending fraud of all time? Investors, saw approximately 50 billion CNY or about USD $7.2 billion flushed down the tube. Reportedly 900,000 investors were impacted as an astounding 95%… Read More

May 7, 2017 @ 4:30 pm By Xu Gao  |  

WeChat Enters the U.S. Market WeChat Pay, one of the biggest mobile payment platforms in mainland China, has boosted its cross-border business by entering the U.S. market. With the backing of China’s largest social networking app WeChat, which now claims more than 889 million monthly… Read More

May 5, 2017 @ 9:04 am By JD Alois  |  

Assetz Capital is reporting that a key promotional interest rate increase is having the desired impact. According to the peer to peer lender, £10 million in new investment has been received in just three weeks. The rate increase went live on 13 April giving new… Read More

May 5, 2017 @ 7:48 am By JD Alois  |  

Prosper Marketplace, one of the largest online lending platforms in the US, has apparently been overstating annual investment returns on loans due to an error in their systems. Bloomberg reported yesterday that investors were being notified of the error and that the issue has been… Read More

May 3, 2017 @ 8:28 am By JD Alois  |  

Lendy, a UK based peer to peer lending platform in the secured property sector, believes 2017 is the year for P2P lending to finally mature. Management says that P2P will shift from alternative finance to “main challenger to the traditional banks.”  But to accomplish this… Read More

May 2, 2017 @ 3:53 pm By JD Alois  |  

RateSetter is expanding its footprint by entering into a strategic partnership with personal loan provider George Banco. RateSetter has also acquired an equity stake in the George Banco company. George Banco is one of the UK’s largest guarantor lending platforms. The partnership incorporated the acquisition… Read More