Tagged: peer to peer

December 14, 2015 @ 10:09 am By JD Alois  |  

Peer to peer lender Abundance has just paid investors, an bi-annual event with one payment occuring towards the end of each year. The renewable energy funding platform states it paid £312,000 to 1700 investors in 6 of 15 projects financed to date. This brings the… Read More

December 12, 2015 @ 9:38 am By JD Alois  |  

  The draft regulations surrounding the forthcoming Innovative Finance Individual Savings Account was published earlier this week by the UK government. The much-anticipated vehicle is expected to add fuel to the peer to peer lending industry as it will open up the asset class to… Read More

December 11, 2015 @ 8:55 am By JD Alois  |  

Zopa, the largest peer to peer lending platform in the UK, is reportedly working with JP Morgan to raise £70 million giving the company a £500 million valuation. Zopa was the first P2P lender in the UK and pioneered the concept that has been embraced… Read More

December 10, 2015 @ 3:04 pm By JD Alois  |  

There was much chatter regarding the origin of the $28,500 transfer into the accounts of Syed Farook and Tashfeen Malik, the San Bernardino terrorist that brutally killed 14 innocent people. It quickly came to light the loan had originated from Prosper, a leading marketplace lending… Read More

December 10, 2015 @ 8:21 am By JD Alois  |  

In a sign of a more vigilant approach by Chinese authorities regarding questionable peer to peer lending platforms, Ezubo (Ezubao) saw 1.1 billion yuan frozen by the government  and the Chairman, Din Ning along with other top executives were said to be in police custody according… Read More

December 9, 2015 @ 8:43 am By JD Alois  |  

RateSetter has been working with the British Business Bank since July of 2014. Since that time RateSetter has facilitated approximately 1000 loans to sole traders and partnerships. Now, according to a report from RateSetter, the relationship will expand into SME lending. Rhydian Lewis, CEO of… Read More

December 9, 2015 @ 7:30 am By Spencer Li  |  

On November 16, 2015, Yirendai, an “online” Chinese marketplace lending platform, filed its Form F-1  (Form F-1 /A) with the SEC for an IPO listing on the NYSE. Yirendai is a subsidiary of CreditEase, a sizeable financial services firm in China that provides lending and wealth… Read More

December 7, 2015 @ 5:19 pm By JD Alois  |  

StreetShares, marketplace lending platform that connects small business owners with investors, has filed a Regulation A+, Tier 2 offer to raise up to $50 million in debt securities. The filing was posted on December 4th. In using Regulation A+, StreetShares will be allowed to solicit… Read More

December 6, 2015 @ 10:36 pm By Anthony Zeoli  |  

  Real estate crowdfunding is arguably one of, if not the, most popular and fastest growing segments of the crowdfunding industry. Particularly those portals focused on P2P (or “marketplace”) lending of real estate projects. That is probably why it seems like I hear about a… Read More

December 4, 2015 @ 3:26 am By Spencer Li  |  

Following in the footsteps of Chinese internet giants such as Alibaba, Tencent, and JD.com, leading Chinese P2P platforms have begun evolving into one-stop wealth management platforms. Alibaba’s Ant Financial, Tencent’s WeBank, and JD.com’s JD Finance (for some background on these platforms, please refer to a… Read More

December 1, 2015 @ 11:37 am By Samantha Hurst  |  

progressa, a Vancouver-based financial technology company focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it has closed an $11.4 million Series A equity & debt financing round led by Cypress Hills Partners and Conconi Growth Partners. The… Read More

December 1, 2015 @ 3:41 am By JD Alois  |  

LendMe, a peer to peer lending platform in New Zealand is now live. The direct lending platform revealed that following a “rigorous beta testing” period the platform has initiated a soft launch.  During the past several weeks, LendMe has originated loans in excess of $600,000… Read More

November 30, 2015 @ 7:27 am By JD Alois  |  

LendInvest, a peer to peer mortgage lender, states it has helped to add over 1200 properties to the UK housing stock since the beginning of 2015.  This is almost double the figure year prior.  LendInvest is now the 4th largest P2P lender in the UK…. Read More

November 30, 2015 @ 6:48 am By JD Alois  |  

Anthony Jenkins, is a former CEO of Barclay’s Group having managed the global firm from 2012 to 2015. He was sacked by John “Mack the Knife” McFarlane in the summer of 2015. Jenkins had set out to tackle a “culture of self-enrichment” and to refocus… Read More

November 26, 2015 @ 8:43 am By Conrad Ford  |  

Overdrafts have been small businesses’ go-to source of working capital for years now — a dependable way to cover short-term cash flow issues and ride out periods of instability. But since 2011, the banks have reduced or removed business overdrafts at a rate of £5… Read More

November 25, 2015 @ 4:08 pm By JD Alois  |  

Alongside the Chancellor’s Autumn Statement, there were several associated releases published by the Exchequer’s office.  Louise Beaumont, Head of Public Affairs at GLI Finance and a frequent commenter on policy issues regarding SME’s and the economy, has shared some thoughts regarding specific announcements presented by… Read More

November 25, 2015 @ 2:04 pm By Samantha Hurst  |  

Following today’s Autumn Statement from Chancellor George Osborne, in which he  addressed the government’s success and pinpointing areas for economic improvement, Assetz Capital, one of the UK’s fastest growing peer-to-peer alternative finance platforms, revealed it is set to launch an innovative finance ISA account.  Stuart Law,… Read More

November 24, 2015 @ 10:31 pm By JD Alois  |  

Dianrong, a leading peer to peer lending platform in China, raised a respectable $207 million a couple months back.  Now the online lender is considering its next funding round which may hit half a billion dollars as the Chinese P2P market continues to outpace traditional… Read More

November 23, 2015 @ 8:49 am By JD Alois  |  

Lending Club (NYSE:LC) CEO Renaud Laplanche recently commented on the fact that Santander has been compelled to back off from purchasing Lending Club loans – for now.  Laplanche spoke to the FT about the status of the marketplace lending platform and gave an update on industry… Read More

November 23, 2015 @ 7:35 am By JD Alois  |  

Fast growing peer to peer lender Landbay has announced a new partnership with My Home Move. Landbay was said to be pleased to have found a conveyancing partner who shares their same vision of using technology to disrupt the incumbent mortgage market. My Home Move… Read More