Tagged: peer to peer

September 30, 2015 @ 1:45 pm By JD Alois  |  

Online lender Avant has inked a “definitive agreement” in a Series E funding round for $325 million. The funding is expected to close this October. Avant’s total equity raised now tops $650 million and debt raised goes to $1.1 billion. The lead investor in this… Read More

September 30, 2015 @ 11:47 am By JD Alois  |  

Lending Club (NYSE:LC), the largest marketplace lending platform in the US today, has submitted their opinion to the US Department of Treasury request for information (RFI) on the eve of the deadline for comments of September 30th, 2015.  Lending Club, the first publicly traded online lending… Read More

September 29, 2015 @ 3:41 pm By Samantha Hurst  |  

Lendio, an online marketplace platform for small business loans, announced on Tuesday that it continues to show signs of growth by funding over 500 small businesses in one month. In addition, business owners from all 50 states have now been funded through Lendio’s online loan marketplace. These… Read More

September 28, 2015 @ 9:17 am By JD Alois  |  

Landbay has announced a new hire in Paul Clampin appointed as Chief Lending Officer. Clampin joins the peer to peer lending platform from Paragon Group and is said to have over 30 years of industry experience. While at Paragon, Clampin was Director of Mortgage Underwriting. Landbay states… Read More

September 28, 2015 @ 7:32 am By JD Alois  |  

NSR Invest, a platform that brings institutional type tools to investors in peer to peer loans, has partnered up with MonJa to add more sophisticated analytics for NSR Invest users. San Francisco-based MonJa specializes in loan strategy and portfolio analytics driven by a team of… Read More

September 26, 2015 @ 1:20 pm By JD Alois  |  

Back in April of this year, Jimubox, a young peer to peer lending platform based in Beijing, closed a funding round of $84 million.  Jimubox, founded only in August of 2013, has quickly risen to become one of the leading direct lending platforms in the… Read More

September 25, 2015 @ 2:24 pm By JD Alois  |  

Writing for the EveningStandard, Anthony Hilton states there are rumblings that a UK peer to peer lending firm may soon go under.  Hilton calls the alleged event a possible “crash” and a “mess”. While Hilton poses his statement as a question, it is certainly a… Read More

September 23, 2015 @ 8:05 am By JD Alois  |  

RateSetter has turned a profit for the second year in a row. The peer to peer lending platform states it is the “only major player in the sector to be profitable”.  According to the company, 2014-2015 results show a profit of £618,000.  Revenues more than… Read More

September 22, 2015 @ 9:34 am By Samantha Hurst  |  

Ablrate, a peer-to-peer lending platform that offers investors access to asset-backed loans against aircraft transactions, announced that is has completed over £3 million in funded loans. Ablrate broke £3 million in funded loans just over a year since official launch, with £1 million being completed… Read More

September 21, 2015 @ 11:41 pm By JD Alois  |  

Harmoney, the first peer to peer lending platform in New Zealand, is welcoming some new competition. Recently the Financial Markets Authority authorized two new platforms; LendMe and Squirrel Money.  According to a report in the Stuff.co.nz, both platforms expect to launch before the end of… Read More

September 17, 2015 @ 11:52 am By JD Alois  |  

Landbay, a peer to peer lender in the mortgage sector, has voluntarily taken the Bank of England stress test, provided by MIAC Acadametrics, and the results are said to be quite  positive. Landbay states it is the first direct lending platform to go through the… Read More

September 17, 2015 @ 10:46 am By JD Alois  |  

Investing in marketplace lending assets (P2P lending) is super hot right now. The solid risk-adjusted returns provide an excellent opportunity for small investors to generate income. This is even more interesting in the historically low-interest rate environment of today.  The advent of institutional money cascading into… Read More

September 17, 2015 @ 7:36 am By JD Alois  |  

Prestamos Prima, a Spanish finance group, has announced a new platform, Viventor, which will launch soon.  Viventor will be providing peer to peer loans secured by mortgages.  According to the website, no loan will be higher than 50% LTV. Andris Rozenbahs, CEO of the Prestamos… Read More

September 16, 2015 @ 9:09 am By JD Alois  |  

Michael Treskow, of Accel Partners, was interviewed this week on the “Rise of Crowdfunding” where he got a chance to defend his point of view as his firm invests in new finance. Accel has placed bets on Prosper, Funding Circle and others associated with the… Read More

September 15, 2015 @ 9:51 am By JD Alois  |  

Country by country all aspects of finance are moving online.  Žltý melón is the first peer to peer lending platform to set up shop in Slovakia and has set it sights on expansion around the region. Originally reported in P2P Banking, Žltý melón has closed on… Read More

September 11, 2015 @ 2:10 pm By JD Alois  |  

Marketplace lender Funding Circle has added a new partner to its growing roster of collaboraters. H&R Block, the accounting service provider, will now provide a new service for business loans of up to $500,000 via Funding Circle’s platform. The new agreement is described as bolstering… Read More

September 11, 2015 @ 9:37 am By Georgia Quinn  |  

Despite a hot and rainy New York City morning, there was a great turn-out at LendTech Angels’ first LendLab event.  Hosted by Kiran Lingam, managing director of LendTech Angels, the event gave aspiring marketplace lending startups an education in the regulatory landscape they are entering…. Read More

September 10, 2015 @ 7:00 am By JD Alois  |  

Orchard platform, the company that has become the internet pipes to funnel institutional funds into marketplace lending platforms, has raised more money. This time Orchard has received $30 million in a Series B Funding round led by some big names in finance. Already recognized as… Read More

September 10, 2015 @ 3:47 am By Midori Yoshimura  |  

UK financial services company Hargreaves Lansdown is looking to proceed into the peer-to-peer lending space, as part of plans to develop the business following the Retail Distribution Review (RDR), according to Mortgage Strategy. The RDR “is intended to remove the risk of ‘commission bias,’ whereby supposedly independent financial advisers,… Read More

September 10, 2015 @ 1:08 am By Midori Yoshimura  |  

Ablrate, a peer-to-peer lending platform that is among the first to offer investors access to asset-backed loans against aircraft transactions, just announced its first loan in the waste-to-energy section for SEaB Energy Ltd. According to the press release, the new transaction for GBP250,000 gives investors 11% pa returns for… Read More