Tagged: peer to peer

November 4, 2016 @ 9:57 am By JD Alois  |  

Independent ratings agency 4thWay is out with an interesting report on the peer to peer property lending market in the UK.  This sector of alternative finance has been very popular due to the asset class and the solid returns. Even in light of Brexit turmoil,… Read More

November 3, 2016 @ 11:14 pm By JD Alois  |  

The Financial Services Commission (FSC) of Korea has clamped down on peer to peer lending.  According to a report in Korea Joongang Daily, the Commission has enacted harsh rules that limit the amount an investor may commit to peer to peer lender in a given… Read More

November 2, 2016 @ 11:28 am By Xu Gao  |  

In Response to Lending Cap Regulations, More & More Chinese P2P Platforms Start to Transfer to Financial Asset Exchanges In August, the China Banking Regulatory Commission (CBRC) issued rules for the online lending industry and set lending caps for both individual and business peer to… Read More

November 1, 2016 @ 6:24 pm By Samantha Hurst  |  

Marketplace lender Funding Circle reportedly lent out more just a little over £95 million for the month of October and broke the UK’s monthly origination volume record. AltFi revealed that according to its data, Funding Circle has officially lent more than £1.6 billion for over… Read More

November 1, 2016 @ 6:06 pm By JD Alois  |  

As part of their Q3 review, VPC Specialty Lending Investments (LSE:VSL) announced it was shifting away from purchasing whole loans to balance sheet investments in the online lending sector.  VPC said continued softness in certain whole loans in their portfolio were offset by a one… Read More

November 1, 2016 @ 8:48 am By JD Alois  |  

Manchester based Racefields has launched a free peer to peer loan finder designed to aid businesses in their search for an appropriate loan. Racefields states that unlike other loan comparison sites which only point businesses in the general direction of lenders, Racefields will actually apply… Read More

October 31, 2016 @ 7:45 am By JD Alois  |  

Archover‘s first loan ever has been paid back in full.  The SME lender said the 24 month loan for £100,000 to TruTac Limited has successfully cleared the books. Terry Ramsey, TruTac’s managing director, labeled the entire process hassle free. “Although having our first ever loan successfully… Read More

October 31, 2016 @ 7:38 am By JD Alois  |  

P2P Lender Tops £200 million in Loans ThinCats has announced that Damon Walford has been appointed Chief Development Officer.  Walford will be working directly with ThinCats CEO John Mould to boost loan originations and increase the network of sponsors in the UK.  The announcement comes… Read More

October 30, 2016 @ 7:48 pm By JD Alois  |  

Wangdaizhijia (or wdzj.com), an alternative finance news and data platform in China, has published two interesting reports on the state of internet finance in the largest altfi market in the world. The first document focuses on peer to peer lending. The second publication is on… Read More

October 28, 2016 @ 4:12 pm By Samantha Hurst  |  

Earlier this week, Canadian peer-to-peer lending portal, Lending Loop, officially launched after completing its registration with the Ontario Securities Commission (OSC) and other securities regulators. Lending Loop was created by co-founders Cato Pastoll and Brandon Vlaar. Last year, the platform received a strategic investment from… Read More

October 27, 2016 @ 4:05 pm By Samantha Hurst  |  

Earlier this week, leading marketplace lending platform Prosper announced modifications in its rate pricing. The company stated that the changes were a direct result of a few factors, which includes the forward-looking credit market, interest rate expectation, the U.S. credit environment, and the competitive environment in… Read More

October 26, 2016 @ 9:37 am By Xu Gao  |  

China Blockchain Development Forum Established in Beijing On October 18th, the China Blockchain Development Forum and first developer conference opened in Beijing. Apart from launching a white paper about blockchain technology and application, the forum is also aimed at standardizing the development process and creating… Read More

October 25, 2016 @ 7:32 am By JD Alois  |  

Lending Club (NYSE:LC) has entered a new credit vertical with the launch of an auto loan refinancing product. The marketplace lending platform pointed to the fact that for most consumers an auto purchase is their second largest following their home. Initially only residents of California will… Read More

October 24, 2016 @ 10:46 pm By JD Alois  |  

Australian online lender DirectMoney (ASX: DM1) has secured institutional funding for loans originating on its platform, according to the company’s board of directors.   The specific details were not immediately available but reportedly contractual terms on the wholesale institutional loan funding agreement was made with… Read More

October 24, 2016 @ 11:38 am By Samantha Hurst  |  

Last week, UK-based alternative finance lender for SMEs, LendingCrowd, announced the launch of its new P2P deal to investors. The platform stated that by investing £5000, investors will get a 2.5% joining bonus allocated to their accounts and access to a lending platform that achieved… Read More

October 24, 2016 @ 7:21 am By JD Alois  |  

Lending Club (NYSE:LC) has scheduled third quarter earnings release for Monday, November 7, 2016. The conference call will take place at 8AM ET that day. A live webcast of the call will be available at on the Lending Club website under the Events & Presentations menu…. Read More

October 21, 2016 @ 8:07 am By JD Alois  |  

Irish born but Asia based, First Circle has received $1.2 million in seed funding led by Key Capital and IMJ Investment Partners.  The online lender is targeting SME in the Philippines first but plans on expanding across Southeast Asia. Speaking with Businessworld.ie, Patrick Lynch, the… Read More

October 19, 2016 @ 11:16 am By JD Alois  |  

This past weekend, Crowdfund Insider reported that China government officials published a list of restrictions for peer to peer lenders. These were largely a rehash of previously revealed regulations directed towards internet finance and more specifically peer to peer lending. But the Chinese government is… Read More

October 17, 2016 @ 12:35 pm By JD Alois  |  

Fitch Ratings is out with a note on Goldman Sachs’ foray into the online lending market. Fitch says that Marcus, Goldman’s recently launched lending platform, seeks to combine the best of both Fintech and the stability of being a more traditional bank. Marcus is differentiated from… Read More

October 16, 2016 @ 12:00 pm By JD Alois  |  

The evolving Chinese peer to peer lending sector took another twist in the regulatory path, as the government issued a special work plan this past week. According to ECNS, the plan incorporated a list of restrictions for P2P lenders to help curb investor and borrower… Read More