Tagged: peer to peer

August 31, 2016 @ 4:09 pm By Spencer Li  |  

After nearly eight months since the original draft was first issued, the China Banking Regulatory Commission (“CBRC”) announced the official rules for the online lending industry on August 24, 2016. The unveiling came accompanied with a few policy curveballs that few industry participants were expecting…. Read More

August 31, 2016 @ 3:59 pm By Samantha Hurst  |  

Peer to peer lender Harmoney is taking some heat from the New Zealand Commerce Commission as they have filed Fair Trading Act (FTA) charges in the Auckland District Court against against them. The Commission previously revealed six FTA charges that Harmoney faced related to 27 versions of… Read More

August 30, 2016 @ 4:43 pm By Oleg Seydak  |  

In recent weeks, marketplace lenders have hit a rough patch. Once the darlings of Wall Street, they have now come under fire, after a string of internal scandals and disappointing earnings. For the traditional banks – who have been saying, “we need to disrupt these… Read More

August 29, 2016 @ 10:46 am By JD Alois  |  

China is the largest alternative finance market in the world and Fincera (OTCQB: AUTCF) is a fast growing internet finance platform that is providing an increasing portfolio of services online.  But Fincera started in an entirely different business sector: commercial auto-leasing under the name of… Read More

August 27, 2016 @ 11:52 am By JD Alois  |  

The several law firms have filed class-action lawsuits on behalf of shareholders of Yirendai (NYSE:YRD) who acquired shares at some point during 2016 – some of the filings are specifying date ranges. The reason this is interesting is that these law firms are faulting Yirendai… Read More

August 26, 2016 @ 11:34 am By Samantha Hurst  |  

On Friday, peer-to-peer lender Zopa released its 2015 annual report and financial statements. The numbers revealed that despite loans disbursals more than doubled, rising from £265 million disbursed in 2014 to £532 million, and revenues for the year increased £11.5 million in 2014 to £20.6 million,… Read More

August 25, 2016 @ 1:01 pm By Samantha Hurst  |  

On Thursday, UK-based peer-to-peer lender, Lending Works, took to its blog to reveal the status of UK’s economy since voters made the Brexit decision, to depart from the European Union (EU),  just two months ago (June 23rd). The lender stated: “Depending which newspaper you’re inclined to… Read More

August 25, 2016 @ 10:05 am By JD Alois  |  

Announced earlier this week, China has finally revealed its regulatory approach to online lending. To put this into perspective, peer to peer lending is huge in China – the largest online lending market in the world. The rapid ascension of P2P lending was driven by… Read More

August 24, 2016 @ 5:33 pm By JD Alois  |  

As part of the rebuilding process Lending Club (NYSE:LC) is seeking out new hires with traditional Wall Street cred.  Today the leading marketplace lending firm has hired not one, but two former Wall Street bankers. Lending Club has appointed Valerie Kay, formerly an MD with Morgan… Read More

August 22, 2016 @ 10:20 am By JD Alois  |  

The Comisión Nacional del Mercado de Valores  (CNMV) in Spain has approved Arboribus to operate as a Participatory Financing Platform (PFP) joining a growing list of regulated platforms. Arboribus is an online lender providing access to capital for SMEs. A PFP is a new type of… Read More

August 21, 2016 @ 6:42 pm By JD Alois  |  

Bondora, a European peer to peer lender based in Estonia, has been on a big push to bring greater clarity and transparency to their lending platform. The initiative is not a requirement but a strategic decision to drive investor confidence and utilization. Last month, Crowdfund… Read More

August 18, 2016 @ 4:57 pm By JD Alois  |  

Marketplace lending platform Prosper filed their 10-Q this past week reporting on platform operations. As one would expect, operations took a dip in Q2 posting a $35.6 million loss for the quarter.  In the same quarter of 2015, Prosper lost $6.2 million. In the three… Read More

August 17, 2016 @ 8:14 am By JD Alois  |  

Orchard has added a unique online lender to its Market Data product. ApplePie Capital, a company that provides access to capital for the franchise industry will now accept institutional investors via the Orchard service. ApplePie is the first online lender solely focused on the franchises…. Read More

August 15, 2016 @ 9:41 pm By JD Alois  |  

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced Q2 results last week and the markets liked what they heard. While Yirendai held their earnings call on Wednesday, August 10th, it has taken a few days for the news to sink in…. Read More

August 15, 2016 @ 4:24 pm By Samantha Hurst  |  

Assetz Capital announced on Monday it received a 5 Star Rating from Defaqto in the independent financial information business’ first “Loan Based Crowdfunding” analysis. The UK-based lender is considered one of only four peer-to-peer finance platforms to have achieved the highest rating awarded by Defaqto. According to Assetz… Read More

August 15, 2016 @ 11:55 am By JD Alois  |  

4thWay, a research and rating firm that wants to be the “Morningstar” of peer to peer lending, has published a list of P2P lenders that have achieved their highest rating of 5/5 stars or “PLUSes”. The 6 plaforms are as follows: Funding Circle, Landbay, Lending… Read More

August 13, 2016 @ 2:07 pm By JD Alois  |  

Crowdlending.fr  has published a “barometer of activity” regarding online lending performance. As many people know, things tend to slow dow during the summer in France. Especially in July and August as the population heads for the beaches in the south or the west.  But the… Read More

August 12, 2016 @ 6:27 pm By JD Alois  |  

Dianrong, a very large peer to peer lender in China (far bigger than any platform in the US), did some chest pounding yesterday.  In a release, Dianrong claimed the US Department of Commerce named the Chinese online lender the “Leader in China’s P2P Lending Segment.”… Read More

August 12, 2016 @ 7:51 am By JD Alois  |  

Peer to peer lender ThinCats has updated its system for SME loan grading. The online lender has released a “unique system” developed by Rolf Hickman, described as a pioneer in credit analysis.  Hickman was founder and CEO of the pH Group, now part of Experian,… Read More

August 11, 2016 @ 3:01 pm By JD Alois  |  

Estonia based EstateGuru has announced having surpassed €10 million in peer to peer lending for over 60 real estate projects. EstateGuru has been in operation for two years. Headquartered in Tallinn, Estonia – a country that has a vibrant startup scene, founders Marek Pärtel, Marko Arro… Read More