Tagged: peer to peer

February 16, 2016 @ 8:05 am By JD Alois  |  

RateSetter has announced it has removed all early exit fees from its monthly investment market. This means that investors will have better access to their money without having to pay additional fees associated with an exit. RateSetter also states this new “easy access” will also… Read More

February 15, 2016 @ 11:31 pm By JD Alois  |  

Prosper, a leading marketplace lending platform in the US, has raised its rates. In an email to registered investors, Prosper stated it had increased its estimated loss rates and thus updated the price of loans to reflect the intrinsic increase in risk.  The platform stated;… Read More

February 15, 2016 @ 10:50 pm By JD Alois  |  

Wellesley & Co, a peer to peer lending platform, has appointed Nick McAuliffe as Managing Director.  The new hire was said to arrive as the P2P lender expects significant growth in 2016. Wellesley has made almost £300 million loans to date with over 20,000 registered… Read More

February 15, 2016 @ 1:47 pm By JD Alois  |  

Peer to peer (marketplace) lending is poised to supplant all types of debt markets. While many platforms have focused on the low hanging fruit of providing consumer credit, online lending will someday soon be the norm across many verticals.  In the UK, the mortgage market… Read More

February 14, 2016 @ 1:01 pm By JD Alois  |  

The Ministry of Public Security (MPS) has launched a website where investors may submit platforms where they have been swindled out of their money. The new site is said to be designed to aid authorities as they investigate dodgy platforms.  The announcement, published in China News,… Read More

February 13, 2016 @ 7:17 pm By JD Alois  |  

Independent research firm Autonomous has published a report on “Digital Lending” that estimates that online lending has an addressable market in the US and Europe of $2 trillion dollars.  This outsized opportunity (that others have estimated at being far larger) is married with many opportunities… Read More

February 13, 2016 @ 4:38 pm By JD Alois  |  

Harmoney, the first peer to peer lender in New Zealand, is readying for it’s jump over to Australia.  While an exact date has yet to be set, Scoop reports that an invite-only beta launch will happen in the next few weeks so Harmoney can work… Read More

February 11, 2016 @ 12:08 pm By JD Alois  |  

The leading marketplace lending platform in the US Lending Club (NYSE:LC) reported Q4 and 2015 full year results this morning.  The company also reported that, to date, it has facilitated over $16 billion in consumer and SME loans.  Lending Club also revealed its intent to… Read More

February 11, 2016 @ 9:48 am By JD Alois  |  

Pan-European peer to peer lending platform Bondora has become the first online lender in Europe to open its API to the public.  The program interface is available to both retail and institutional P2P/ marketplace investors. This update to their lending ecosystem should facilitate investor access… Read More

February 11, 2016 @ 9:27 am By JD Alois  |  

The godfather of peer to peer lending Zopa, has published some information on the forthcoming Innovative Finance ISA.  The long awaited update to ISAs will finally take place this coming April. At that time, savers will be able to add P2P / marketplace lending assets… Read More

February 10, 2016 @ 11:30 am By Therese Torris  |  

Today at Finovate Europe in London, quite a few attendees were startled to hear Jevhenijs Kazanis, Twino’s CEO, confidently assert: “Twino will buy back any non performing loan after a 30 day period of delinquency.” How could that work? Many wondered. It was already startling… Read More

February 10, 2016 @ 10:09 am By JD Alois  |  

In an interview today on BBC, Lord Adair Turner, former Chair of the FSA (predecessor to the FCA), shared his opinion on banking and the financial industry in general, including a discussion on the burgeoning peer to peer lending sector.  Lord Turner, it appears, is… Read More

February 9, 2016 @ 2:40 pm By JD Alois  |  

Lemonade, a peer to peer insurance platform that seeks to address the profound shortcomings of the multi-trillion dollar insurance industry now has some prominent names backing the young company.  Announced today, Lemonade has now received the support of “top tier” global reinsurance partners including Berkshire… Read More

February 7, 2016 @ 1:07 pm By JD Alois  |  

Leading marketplace lending platform Prosper acquired an Israeli startup towards the end of 2015 called BillGuard.  BillGuard’s service allows consumers to track their spending across many accounts, budget effectively, and protect their money from wrongful charges while monitoring a user’s credit score. It may also… Read More

February 6, 2016 @ 7:21 pm By JD Alois  |  

Hanwha, one of the largest conglomerate companies in South Korea, has launched a partnership with Dianrong a leading peer to peer lender in China. The as of yet named entity will open an office in Singapore later this month. Hanwha is a Chaebol that formed an technology… Read More

February 3, 2016 @ 2:30 pm By JD Alois  |  

In the UK, similar to other parts of the world, SMEs are the engine of economic growth and associated job and wealth creation.  According to the Federation of Self-Employed and Small Businesses (FSB); Small businesses account for 99.3% of all private sector businesses at the… Read More

February 1, 2016 @ 9:23 am By JD Alois  |  

Peer t0 peer lender Assetz Capital has revealed it has secured funding from “a number of financial institutions” and will be providing access to capital for UK SMEs.  Assetz Capital provides a variety of products including commercial mortgages, SME term loans, development finance, bridge loans,… Read More

February 1, 2016 @ 8:06 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has published end of year numbers for 2015. The P2PFA tracks the top peer to peer lenders in the UK.  In Q4 of 2015, P2PFA members generated just shy of £650 million in loans. Their numbers also… Read More

January 31, 2016 @ 9:47 pm By JD Alois  |  

Banking regulators are said to be establishing a “monitoring and warning system” against financial risk and fraud. This is a according to a report in China News that reported a statement that was released at a conference on political and legal work earlier this month…. Read More

January 29, 2016 @ 9:11 am By JD Alois  |  

VPC Specialty Lending Investments (LSE tickers: VSL and VSLC) has declared an “interim” dividend of 2.0 pence per ordinary share for the quarter ending December 21, 2015.  VPC also declared a 1.07 pence per share dividend for C shares for the period from October 2nd to… Read More