Tagged: peer to peer

December 27, 2015 @ 7:20 pm By JD Alois  |  

European peer to peer lender Bondora has closed out 2015 having funded over € 24 million in loans.  Bondora is regulated by the Financial Conduct Authority having received interim approval in May of 2015.  The company has applied for full FCA authorisation, an expensive and rigorous… Read More

December 27, 2015 @ 5:33 pm By JD Alois  |  

The video report from China News, states risk is at an alarming rate in China for investors in peer to peer lending. Chinese authorities recently put the hammer down on Ezubo (sometimes spelled Ezubao), shuttering the firm and whisking away its Chairman. The report states… Read More

December 26, 2015 @ 10:53 am By JD Alois  |  

Peer to peer lending iQuianjin states that in a survey of 5000 investors, P2P lending ranked number 3 in popularity. The research was completed with the assistance of AdMaster a marketing / data technology company.  According to the information, as reported by China News, for… Read More

December 24, 2015 @ 8:50 am By JD Alois  |  

Funding Circle has revealed in a series of tweets that the company has just topped £1 billion in lending in the UK. The US and Europe add about £250 million. The milestone was foreshadowed in a Funding Circle blog post yesterday stating that 7,250 UK… Read More

December 23, 2015 @ 1:53 pm By JD Alois  |  

In a bit over one year (they launched in September of 2014), Harmoney, a peer to peer lending platform based in New Zealand, has funded over £170 million to more than 10,000 Kiwis.  Realised annual returns on all loans on the platform have topped 12%…. Read More

December 23, 2015 @ 11:17 am By JD Alois  |  

How will the Federal Reserve’s decision to raise interest rates impact small business? According to Robert Riedl of Dealstruck – it is all good. DealStruck is a marketplace lending platform that focuses on providing access to capital for SMEs. Dealstruck provides loans of up to… Read More

December 22, 2015 @ 4:01 pm By JD Alois  |  

Following the move by the Federal Reserve, Lending Club (NYSE: LC) has announced it will increase interest rates by 0.25% thus matching the move by the Fed last week.  The announcement is not unexpected and is similar to what many major banks have announced.  Lending… Read More

December 22, 2015 @ 7:24 am By JD Alois  |  

Cumulative lending to SMEs from Peer to Peer platforms will hit £3 billion before January 1st, according to a report from MarketInvoice. The company states that funding raised by SMEs via P2P lenders was up over 50% from year prior. The total lending to SMEs… Read More

December 20, 2015 @ 7:29 pm By JD Alois  |  

Lending Crowd received FMA approval last Fall and today the peer to peer lending platform has unlocked the doors and announced it is open for business providing access to capital for New Zealand SMEs and consumers. According to information provided by the company, Lending Crowd… Read More

December 18, 2015 @ 10:56 am By JD Alois  |  

Yirendai, a subsidiary of one of the largest Chinese peer to peer lenders CreditEase, launched its IPO on the Near York Stock Exchange (NYSE) under the ticker symbol “YRD”.  The American Depository Shares (ADS) were priced at $10 per share.  According to the company, 7.5 million… Read More

December 18, 2015 @ 8:02 am By JD Alois  |  

Folk2Folk, a peer-to-peer lender with offices in Devon, Cornwall and Somerset, says cumulative lending jumped 100% from 2014 and will hit £80 million by year end. Folk2Folk’s CEO, Jane Dumeresque, stated; “This has been an excellent year for Folk2Folk and we’re very pleased to have… Read More

December 18, 2015 @ 7:36 am By JD Alois  |  

Commercial mortgage lender LendInvest will close out 2015 having lent £250 million for the year bringing the total since the company was founded to £470 million. Founded in 2013, the peer to peer lender hailed 2015 as a “transformative” year. LendInvest stated that no investor… Read More

December 17, 2015 @ 2:06 pm By JD Alois  |  

Pave has received a significant commitment of up to $300 million for loans and equity capital as it continues with its mission to provide access to credit for millennials. Led by Seer Capital, Pave may now expand its lending across the US. Oren Bass, CEO and… Read More

December 17, 2015 @ 12:09 pm By JD Alois  |  

Monexo is a Hong Kong based peer to peer lending platform that seeks to provide financing to SMEs in the region. Founded by Mukesh Bubna, a long-time Citibank executive, Bubna recently commented on the investigation into Ezubo – a China-based peer to peer lender.  Ezubo (sometimes spelled… Read More

December 16, 2015 @ 2:42 pm By JD Alois  |  

As most Fed followers expected, the FOMC decided to increase interest rates nudging up rates by 25 basis points. The last time the Fed raised rates was almost 10 years ago. The back and forth chatter regarding when the Fed would act has been a… Read More

December 16, 2015 @ 10:25 am By Georgia Quinn  |  

The marketplace lending industry has been above the fold lately, in particular the online platforms, borrowers and investors, but it is important to remember that the MPL ecosystem is made up of many other players. If you need evidence of this, just check out the… Read More

December 16, 2015 @ 8:33 am By Pärtel Tomberg  |  

The peer-to-peer lending market is looking for another massive growth from 2016, but before holiday season kicks in, we here at Bondora have decided to dig deeper to see what will be the underlying trends shaping the surging industry in the new year. INSTITUTIONAL MONEY We… Read More

December 15, 2015 @ 11:05 am By JD Alois  |  

The California Department of Business Oversight (DBO) has launched an inquiry into the Marketplace Lending (P2P) industry. DBO Commissioner Jan Lynn Owen was quick to caution they do want the industry to grow but want to “protect” consumers.  Owen stated; “These online lenders are filling a… Read More

December 15, 2015 @ 9:53 am By JD Alois  |  

  A recent report published by ACCA, provides a fascinating insight into the largest peer to peer lending market in the world – China. The research has been authored by Dr. Luke Deer from the University of Sydney (and a research associate with the University… Read More

December 14, 2015 @ 12:51 pm By JD Alois  |  

Peer to peer lender Lufax is close to raising $1 billion at an astounding valuation of $18 billion.  Shanghai based Lufax, recently rebranded as Lu.com, raised capital earlier this year at a solid $10 billion valuation. Investor demand is said to be very strong. But,… Read More