Tagged: peer to peer

October 29, 2015 @ 2:34 pm By JD Alois  |  

Antonio Weiss, Counselor to the Secretary of the Treasury Jack Lew, spoke earlier today at the Information Management Network Conference in New York City. The topic of his speech was the marketplace / P2P lending industry and the recent interest by Treasury officials and their… Read More

October 27, 2015 @ 11:00 am By Erin Hobey  |  

  “We think that the research will provide useful metrics on which sound policy can be built and measured.  Ideally, policy should encourage opportunity and entrepreneurship.” Working at the intersection of entrepreneurship and marketing communications, Professor Robert Rosenberg of the University of Chicago Booth School of… Read More

October 27, 2015 @ 8:34 am By Samantha Hurst  |  

Renren Inc. (NYSE: RENN) (“Renren” or the “Company”), a real-name social networking internet platform in China, announced on Tuesday  it has completed an additional $150 million preferred stock investment in Social Finance Inc. (“SoFi”), a San Francisco-based online lending company. Renren has been an investor… Read More

October 27, 2015 @ 1:49 am By Midori Yoshimura  |  

Last week, Financial Conduct Authority Chair and acting CEO Tracey McDermott visited Parliament last week, and spoke before the Treasury Select Committee on topics including alternative financing sources. She addressed questions of risk for investors in crowdfunding and peer-to-peer lending, as well as the role of regulation…. Read More

October 26, 2015 @ 11:06 am By Samantha Hurst  |  

ReadyforZero, a company that was acquired by marketplace lender Avant, announced on Monday that that free credit monitoring is now available to all users with personal financial tools. With this new feature, users can manage both their personal debt and credit from a single web and… Read More

October 26, 2015 @ 7:51 am By JD Alois  |  

China’s internet finance industry continues to grow dramatically, but this rapid growth has been paired with a high number of dodgy p2p platforms and failures.  According to a report published in QZ, research completed by Morgan Stanley and Wangdaizhijia states that since 2007, 370 peer… Read More

October 21, 2015 @ 6:36 pm By Midori Yoshimura  |  

  Former Googlers Dave Girouard and Anna Mongyat joined with Paul Gu (a Thiel Fellow) to launch Upstart in 2012.  Originally envisioned as a more altruistic lending platform that invested in the person and not the loan – somewhat similar to Pave –  the platform… Read More

October 21, 2015 @ 1:42 pm By Samantha Hurst  |  

Lend Academy Holdings, a media, conference and technology business focused on the global online lending industry, recently announced it has launched LendBase, an information tool for the peer-to-peer and online lending community. LendBase is a free, open database containing valuable information about nearly every aspect… Read More

October 21, 2015 @ 9:54 am By JD Alois  |  

Argentina based Afluenta, a P2P lending platform, is staking claim as the first crowdfunding platform to set up shop in Peru.  The company reports this is the first step in a significant regional expansion. The company expects to launch in Mexico and Colombia, followed by Brazil,… Read More

October 21, 2015 @ 9:24 am By JD Alois  |  

Zopa, the UK’s largest peer to peer lender, has announced the appointment of Nigel Morris as non-executive Board Member. Morris, currently the Managing Partner at QED Investors, is the co-founder of Capital One. QED has invested in well known Fintech companies, including, Credit Karma, Avant Credit,… Read More

October 20, 2015 @ 8:08 pm By JD Alois  |  

The Peer to Peer Finance Association (P2PFA), the trade group that represents P2P lending platforms in the UK, has published data reflecting member loans for Q3 of 2015.  The P2PFA represents over 90% of loan volume in the UK and is highly representative of industry… Read More

October 20, 2015 @ 8:30 am By Georgia Quinn  |  

Thirty-two years after starting her career in London, Nicola Horlick is still often the only woman in the room. Although she notes that is not a lot of progress, it has never fazed her. Nicola, once called London’s Superwoman, attributes her can-do attitude to a… Read More

October 19, 2015 @ 1:49 pm By JD Alois  |  

New peer to peer lending platform Viventor is now open for business. The online lender announced last month its intent to start offering loans secured by mortgages.  To incentivize investors Viventor states that “all investments made until December 1st, 2015 will come with a buyback… Read More

October 19, 2015 @ 7:05 am By JD Alois  |  

Madiston LendLoanInvest is entering the Lithuanian market having partnered with Finbee on a joint venture to offer peer to peer lending services.  Madison has provided Finbee with its lending software and has become a shareholder in the company. This is the second P2P lender to… Read More

October 19, 2015 @ 6:45 am By JD Alois  |  

TrustBuddy jolted the peer to peer lending world as “suspected misconduct” compelled the platform to shut down operations last week.  Now the firm has publicly stated it can no longer operate in any form, forcing the company to file for bankruptcy as the situation is… Read More

October 17, 2015 @ 11:00 am By Midori Yoshimura  |  

Abundance – an ethical P2P investment platform – today launches the UK’s first peer-to-peer investment SIPP, the Abundance Pension, to address current concerns stopping more people from saving adequately towards their retirement, according to the company’s press release. Independent research conducted for Abundance by OnePoll has revealed… Read More

October 16, 2015 @ 9:54 am By JD Alois  |  

Fintech is super-hot these days.  Finance is having its newspaper moment where all aspects of the industry are moving online.  The disruptive shift is global too as change is taking place in the Americas, Asia and across Europe. The UK is in many ways the… Read More

October 14, 2015 @ 9:21 am By JD Alois  |  

Scandalous news hit the peer to peer lending world this week as TrustBuddy revealed allegations of serious misconduct.  The malfeasance was deemed so severe that Swedish authorities immediately shut down the direct lending operation and Swedish Police were contacted to investigate if criminal activity has… Read More

October 14, 2015 @ 8:40 am By JD Alois  |  

Harmoney, the first peer to peer lender to launch in New Zealand, has added some big names to its advisory board.  Accord to a release published by the P2P site, Jon Barlow, founder of Eaglewood Capital and Phin Upham of Thiel Capital have signed up… Read More

October 14, 2015 @ 2:32 am By Midori Yoshimura  |  

Peer-to-peer marketplace LendInvest will launch a listed fund, the first such vehicle to focus on property-backed P2P lending, according to the Financial Times. Depending on market conditions, the company plans to launch the fund in early 2016. LendInvest seeks to raise £150m for the float of the fund, listed in London,… Read More