Tagged: peer to peer

May 1, 2017 @ 12:24 pm By JD Alois  |  

After years of rapid growth and promising predictions from the Fintech sector, consumer online lending stumbled in 2016. The one-two punch of fast money running for the doors and a jittery economy pulled the rug out from under the entire sector. Some industry followers responded… Read More

April 28, 2017 @ 8:07 am By JD Alois  |  

Peer-to-peer lender Assetz Capital has appointed former Handelsbanken Branch Manager and Barclays Business Development Director, Mark Standley, to oversee their South Wales operations. Prior to his roles at Handelsbanken Cardiff and Bridgend, Standley was with Barclays leading a mid and large corporate business development team… Read More

April 27, 2017 @ 4:30 pm By Samantha Hurst  |  

On Thursday, Kuflink received full authorization from the Financial Conduct Authority (FCA) for its peer-to-peer lending platform. According to the registration, Kuflink has been given permission to provide regulated products and services, which includes accepting deposits, provide credit to consumers, offer investment advice, and arrange deals with… Read More

April 24, 2017 @ 7:38 am By JD Alois  |  

Manchester property crowdfunding, the House Crowd,  is celebrating five years of operations having raised more than £44 million since it launched it 2012. According to the platform, the House Crowd now serves over 15,000 investors who have received over £9 million in returns. The House Crowd… Read More

April 22, 2017 @ 4:40 pm By JD Alois  |  

Peer to peer lender Growth Street is reporting solid growth. The online lender said it has captured over 600 investors since platform launch at the end of 2016. Growth Street is a platform that provides online financing options for UK SMEs. The company also touted its… Read More

April 21, 2017 @ 7:14 am By JD Alois  |  

Peer to peer lender Assetz Capital is celebrating four years in operation. The platform reports that during these past years, it has originated £240 million in lands. Assetz Capital plans to double the figure within the next 12 months. “We’ve seen the company go from… Read More

April 18, 2017 @ 8:04 am By JD Alois  |  

Latvia based Alfa Finance Group has launched a new peer to peer lending platform named DoFinance.  The company stated it had invested €2 million to get the P2P lender up and running. The online lender is said to be available in all EU and EEA countries…. Read More

April 17, 2017 @ 10:49 pm By Jonathan Nieh  |  

  China Rapid Finance, a peer-to-peer (P2P) lender based in Shanghai, China, announced that it has set the terms for its upcoming US IPO. The company plans to raise $105 million through the offering of 10 million shares priced between $9.50 to $11.50 a share. At… Read More

April 13, 2017 @ 8:35 am By JD Alois  |  

Assetz Capital, a UK-based peer-to-peer finance platforms, has raised the interest rate on its 30 Day Access Account (30DAA) by 0.5% to 4.75% for a limited time.  The 30DAA allows peer-to-peer lenders to invest automatically in loans and features automatic diversification to spread risk. The… Read More

April 12, 2017 @ 10:59 pm By JD Alois  |  

LendEx, a leading Australian peer-to-peer lending platform for direct commercial property lending, has appointed two new prominent board members as non-executive directors. LendEx has added Brian Benger and Kim Jenkins to help guide the growing online lender. Benger said he was delighted to join the LendEx… Read More

April 12, 2017 @ 10:44 am By JD Alois  |  

Crowd Genie, a small business lending platform, has received regulatory approval from the Monetary Authority of Singapore (MAS). Crowd Genie was granted a Capital Markets Services (CMS) license from MAS, an important development for the peer to peer lending platform. Crowd Genie has been in… Read More

April 10, 2017 @ 10:57 am By Samantha Hurst  |  

UK-based peer-to-peer-secured lending platforms, Lendy, announced on Monday its latest report reveals that the number of new residential mortgages worth over £1 million went up by 24% last year (ending September 30, 2016), as banks continue to favor lending to owner-occupiers and reduce lending to property… Read More

April 4, 2017 @ 10:32 pm By Cole Lyons  |  

Kreditbörsen (the credit exchange), a part of Sweden-based LendyTech , has launched a peer-to-peer lending service for borrowers and investors. The LendyTech group is described as a Fintech group with a global focus. LendyTech currently operates Kreditbörsen, SCG and LendySoft.  Each of the platforms forcuses on the credit… Read More

April 4, 2017 @ 9:56 pm By JD Alois  |  

  RateSetter has appointed Amanda Sharp as Regional Relationship Manager for London and the South East. Sharp previously spent 35 years with RBS Group. While at RBS, Sharp spent 20 years in the Business and Commercial division working with SMEs. Sharp has joined RateSetter to… Read More

April 3, 2017 @ 3:44 pm By Samantha Hurst  |  

Proplend recently announced HM Revenue & Customs (HMRC) approved its application for ISA manager status for IFISA. The online lender previously revealed its plans to apply for this status after it received full regulatory authorization from the Financial Conduct Authority (FCA). While sharing details about the ISA… Read More

April 3, 2017 @ 8:45 am By JD Alois  |  

Global Debt Registry (GDR), a loan validation platform for institutional investors, has added leading online lending platform, Prosper Marketplace to its verification network. GDR says the partnership will enable Prosper investors access to their due diligence tools to ensure loan data integrity. Prosper successfully piloted… Read More

April 3, 2017 @ 8:03 am By JD Alois  |  

Growth Street,  an online lender focusing on SME loans, has announced that founder Greg Carter has assumed the CEO position at the platform replacing James Sherwin-Smith. Carter has been Growth Street’s Chief Risk Officer since its launch. Carter founded Growth Street while working at Arts… Read More

April 1, 2017 @ 10:13 am By Samantha Hurst  |  

Just a few months after announcing Zopa is creating the next generation challenger bank at AltFi Europe, CEO of the peer-to-peer lending platform, Jaidev Janaradana, revealed more details about the bank’s creation at the AltFi Europe Summit last month. While sharing details about the bank progress,… Read More

March 31, 2017 @ 12:44 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Landbay has reportedly reduced its product rates and fees. According to various sources, Landbay’s rates are now starting at 3.39% for a 2-year fix and 3.59% for a 5-year fix, with arrangement fees up to 75% on standard products, which were… Read More

March 29, 2017 @ 12:42 pm By JD Alois  |  

Bond Street, an online lender for small businesses, and NerdWallet, have partnered to provide access to SME loans. As part of the partnership, Bond Street will be featured on NerdWallet’s Small Business Loan Tool, along with other lenders that provide capital to small businesses across the… Read More