Tagged: peer to peer

April 19, 2016 @ 8:46 am By JD Alois  |  

Marketplace lender Lendix has acquired short term loan specialist Finsquare. Lendix, the largest marketplace lending platform in France, said that Finsquare’s product addressed a “real demand for lenders and borrowers alike.”  The acquisition was viewed as highly complementary to the Lendix platform – an online lender… Read More

April 19, 2016 @ 8:01 am By JD Alois  |  

In an independent report conducted by Equity Development, peer to peer lender ArchOver has received a nice affirmation of their secured lending approach. The publication entitled, “How to Make a Relatively Safe 5% PA Return” (registration required), labeled their business model as perhaps the best practice… Read More

April 18, 2016 @ 7:47 pm By JD Alois  |  

In a letter addressed to the General Accounting Office (GAO), signed by Democratic Senators Jeff Merkley, Sherrod Brown, and Jeanne Shaheen, a request was made to research and make recommendations regarding Fintech and Peer to Peer / Marketplace Lending. The letter, dated April 18, 2016,… Read More

April 17, 2016 @ 7:16 pm By JD Alois  |  

SocietyOne, has now originated over $100 million in loans according to a release by the company this week.  SocietyOne is the largest Aussie marketplace / P2P lending platform. Australia’s “first” marketplace lending platform has also closed a $25 million funding round, according to a report… Read More

April 15, 2016 @ 7:19 pm By JD Alois  |  

  This past week, Lendit occurred as the annual gathering of online lending platforms and other affiliated companies from around the world. The meeting took place in San Francisco this year – the epicenter of tech innovation. In 2013, a mere three years ago, Lendit… Read More

April 11, 2016 @ 10:20 am By JD Alois  |  

Despite a recent slowdown in the marketplace lending sector, a report authored by Wharton FinTech and Richards Kibbe & Orbe states that institutional investors remain optimistic. This optimism has been matched by increasing investment. The report based on a survey of 300 institutional investors states… Read More

April 10, 2016 @ 2:59 pm By JD Alois  |  

In the first bi-monthly Monetary Policy Statement, 2016-17 Dr. Raghuram G. Rajan,  Governor of the Reserve Bank of India, stated that a conceptual document will be posted on their website by the end of the month.  According to the statement from last week; Peer to Peer… Read More

April 10, 2016 @ 6:51 am By JD Alois  |  

  As lending and other banking services migrate to online services rather than brick and mortar locations, startups and established financial service companies alike are seeking help in making the transition to internet finance.  Cloud Lending is one of the companies aiding in this transition… Read More

April 7, 2016 @ 11:00 am By JD Alois  |  

LendingRobot, an online automated investment tool helping investors manage their portfolio of assets from Lending Club, Funding Circle and Prosper, has launched a new mobile application. The Seattle based company states there have been over $6 billion in loans and yet not a dedicated mobile… Read More

April 6, 2016 @ 11:04 am By Samantha Hurst  |  

Last week, Middle East peer-to-peer (P2P) liwwa announced that it has secured $2.3 million during a seed investment round, which was led by Silicon Badia with participation from by Bank al Etihad, DASH Ventures, and MENA Venture Investments (MVI). Established in 2012, Liwwa was incubated at Harvard’s Innovation Lab before… Read More

April 4, 2016 @ 2:15 pm By JD Alois  |  

Orchard Platform connects most of the established marketplace lending platforms to institutional investors via their virtual data pipes.  The company is at the epicenter of the online lending industry and recently held a gathering of many well-known lenders this past March. During their inaugural partner… Read More

April 4, 2016 @ 12:27 pm By JD Alois  |  

Squirrel Group, an alternative finance platform consisting of Squirrel Money, Squirrel Mortgages, Squirrel Money Services and TenanSee is now open to the general public on Snowball Effect.  As Crowdfund Insider reported previously, Squirrel Group is seeking a sizeable equity crowdfunding round of $4.97 million. Last… Read More

April 2, 2016 @ 10:38 am By JD Alois  |  

Since originating its first loan in 2015, Lendix has grown quickly to become a dominant player in the online lending sector in France.  At the beginning of the year, Lendix had raised €11 million in loans to finance 57 SME projects. As of last week,… Read More

April 1, 2016 @ 7:34 am By JD Alois  |  

On the eve of the launch of the IF ISA, RateSetter has announced the appointment of two senior executives; Jim Gunner has joined the RateSetter board ad Non-Executive Director and Chair of the Risk Committee and Nigel Wilkinson is now Head of Commercial Credit. Both… Read More

March 31, 2016 @ 12:58 pm By Samantha Hurst  |  

Prime Meridian Capital Management, a company specializes in an online peer-to-peer (P2P) lending strategies, announced on Thursday the launch of its Real Estate Lending Fund. This new fund reportedly offers investors a diversified and short duration loan portfolio with no hard lock-up. Sharing details about the fund, Prime Meridian explained:… Read More

March 31, 2016 @ 10:09 am By Samantha Hurst  |  

Smart Token Chain, a company that uses patent-pending Smart Token technology combining smart contracts, tokenization, and blockchain to combine financial services and establish a common global standard for value exchange, announced on Wednesday the launch of its new Smart Contract Settlement Exchange. According to the company, the… Read More

March 31, 2016 @ 10:04 am By JD Alois  |  

Millennium Trust Company is a custody solution for IRAs, private funds and alternative assets with over 432,000 individual accounts and $17.4  billion in assets under custody. Lending Club is the largest marketplace lender in the US that offers individual investors the opportunity to generate respectable… Read More

March 30, 2016 @ 3:20 pm By Samantha Hurst  |  

On Wednesday, Singapore-based bullion retailer, Silver Bullion Pte Ltd., announced the launch of its 1-month bullion secured peer-to-peer(P2P) loans. Silver Bullion previously offered loan durations of 6 months, 12 months and 24 months secured by physical gold and silver collateral stored in its vault, The Safe… Read More

March 30, 2016 @ 10:06 am By JD Alois  |  

Peer to peer lender Mintos and Polish platform Aforti Finance have formed a cooperative agreement that will help Aforti lend to more small to medium sized businesses in Poland. Mintos currently offers loans from 9 non-bank lenders from Poland, Lithuania, Czech Republic, Estonia, Georgia and… Read More

March 30, 2016 @ 7:52 am By JD Alois  |  

Leading mortgage peer to peer lender LendInvest has published a statement of caution and concern regarding the recently increased stamp duty tax on buy-to-let properties.  Christian Faes, CEO of LendInvest, called the Stamp Duty Land Tax (SDLT) increase “bad news” as landlords will be facing… Read More