Tagged: peer to peer

August 11, 2016 @ 10:19 am By Samantha Hurst  |  

Latvia’s peer-to-peer lending marketplace Mintos announced on Thursday, since its launch a year and a half ago, it has seen investors funding over €50 million in loans to both private individuals, along with small and medium-sized businesses. The website confirmed that the most loans have been financed from Latvia… Read More

August 10, 2016 @ 1:03 pm By Samantha Hurst  |  

On Wednesday, Peer Funding Limited announced the Financial Conduct Authority (FCA) has granted it full permission to operate its peer-to-peer business platform under Part 4a of the Financial Service Marketing Act. The website stated it joins only a handful of fully authorized peer-to-peer business platforms and has… Read More

August 10, 2016 @ 11:55 am By JD Alois  |  

Back in May, Prosper started a monthly update on performance of loans on their marketplace lending platform. The added transparency is welcomed insight – especially for smaller investors. Today, Brad Pennington, CRO of Prosper, published the July 2016 performance report. He stated that expected returns… Read More

August 10, 2016 @ 9:16 am By JD Alois  |  

Bigstone has announced $3 million in equity funding led by CVC Limited and the founders of Lighthouse Venture Partners along with participation from Australian private investors. This is the first funding round for Bigstone an SME lending platform that launched this past June. The peer… Read More

August 9, 2016 @ 11:51 am By JD Alois  |  

Lending Club (NYSE:LC) announced earnings yesterday. The Q2 numbers were over-shadowed by the “resignation” of Carrie Dolan, the longtime CFO of Lending Club who joined the company when there were just 40 companies. During the conference call, Lending Club CEO Scott Sanborn stated that Dolan… Read More

August 8, 2016 @ 12:13 pm By JD Alois  |  

Orchard Marketplace is a platform that is uniquely positioned at the intersection of institutional money and online lending. If you are a large investor you are using Orchard to manage and access loans on all marketplace lending platforms. This perspective means that Orchard can easily… Read More

August 7, 2016 @ 7:14 pm By JD Alois  |  

Lending Club (NYSE: LC), the largest marketplace lending platform in the US, is scheduled to announce Q2 earnings tomorrow after the market closes on Monday (August 8). The executive team will be holding a conference call at 5PM ET (2PM PT). The financial performance of… Read More

August 6, 2016 @ 6:08 pm By JD Alois  |  

Canaan Partners is a Silicon Valley VC firm that has over $4.0 billion under management with a good portion of their investments going into seed / early stage companies. They have also set up offices in Israel to be closer to the StartUp Nation phenomena… Read More

August 5, 2016 @ 8:05 am By JD Alois  |  

Singapore-based peer to peer lender Silver Bullion has shared an update following one year of operation. While Silver Bullion has been in operation since 2009 the company only starting offering secured lending in 2015. Silver Bullion was founded by Gregor Gregersen. Originally from Germany, prior… Read More

August 4, 2016 @ 3:58 pm By Samantha Hurst  |  

On Thursday, small business lending platform Lendio announced it has officially raised $250 million in funding for over 10,000 small businesses. The company also unveiled second quarter results, which reportedly showed the website facilitated over $55 million in funding to small businesses during the time period, which… Read More

August 4, 2016 @ 2:44 pm By JD Alois  |  

Prosper, a leading marketplace lending platform, is in the midst of negotiating a huge $5 billion deal to purchase Prosper loans.  This is according to a post in WSJ.com. Buyers include some pretty prominent names like Soros Fund Management, Fortress Investment Group and Third Point…. Read More

August 4, 2016 @ 12:28 am By JD Alois  |  

Funding Societies, a Singapore-based “peer to business” lending marketplace, has raised a respectable S$ 10 million in a Series A funding round.  The investment was led by Sequoia India, part of the legendary Sequoia VC group. Funding Societies believes this is the largest investment in… Read More

August 3, 2016 @ 4:19 pm By JD Alois  |  

NSRInvest, a platform that provides institutional like investment tools for retail investors purchasing loans from Lending Club, Prosper and Funding Circle.  These marketplace / P2P lending platforms can provide solid risk-adjusted returns from a diversified portfolio of loans. When institutional money showed up, marketplace lending shot… Read More

August 2, 2016 @ 2:32 pm By JD Alois  |  

According to multiple reports, Chinese peer to peer lending platforms are failing to meet the minimum standards being applied by the various government agencies tasked with regulated the online lenders. This does not mean ALL the P2P lenders are receiving failing grades. There are many… Read More

July 31, 2016 @ 8:08 pm By JD Alois  |  

Recently European marketplace/P2P lender Bondora has been publishing a series of updates on the operation and management of the growing online lender. A recent post stated; “…[we have been] sharing detailed information on how Bondora is managed and operated. We promised that over the coming months… Read More

July 30, 2016 @ 2:07 pm By JD Alois  |  

P2Binvestor revealed earlier this week it had signed the largest line of credit to date at $10 million.  The online lender provides access to capital via secured lines of credit. Typically the loan will be tied to assets like receivables, inventory, or perhaps another form… Read More

July 29, 2016 @ 8:04 am By JD Alois  |  

Asset-backed peer to peer lender Ablrate has released information on an origination partnership with Access Commercial Finance based in Leeds. The arrangement is said to have generated over £2.5 million of loans so far this year. Ablrate launched as a niche P2P lender focusing on… Read More

July 29, 2016 @ 7:44 am By JD Alois  |  

Money&Co., a peer to peer lender targeting small businesses, has signed an agreement to receive investment capital from the Chinese Overseas Consortium Development Company.  According to information provided by the P2P lender, this is the third funding round and values the company at over £20… Read More

July 28, 2016 @ 12:20 am By JD Alois  |  

Folk2Folk, a regional peer to peer lender, has moved into a new office Launceston to “accommodate their rapidly expanding business”. Founded in 2013, the P2P lender has a number of offices across the South West and is rolling out further branches in towns across the UK…. Read More

July 27, 2016 @ 8:52 am By JD Alois  |  

Specialty lender Community Chest has partnered-up with ThinCats on new “Social Enterprise” loans. These loans are designed to provide access to capital for social enterprises seeking to drive community impact while delivering tax-efficient returns to investors who may recieve up to 30% tax relief on… Read More