Tagged: peer to peer

September 9, 2015 @ 4:39 pm By Samantha Hurst  |  

Happy Birthday, Harmoney! The peer-to-peer (P2P) platform celebrated a successful first year as a New Zealand’s operating P2P lender, achieving unprecedented growth, creating jobs in New Zealand, Australia and Fiji and is currently preparing to launch in Australia. Harmoney highlights: Facilitated $100 million of personal loans in less than 12 months… Read More

September 9, 2015 @ 11:21 am By JD Alois  |  

Peer to peer lending comparison site 4thWay has shared a data points of the “big 3” direct lenders in the UK.  4thWay notes the platforms are “aligned” as one would expect. All three continue to have “satisfactory to excellent bad debt rates”.  How much you… Read More

September 8, 2015 @ 12:40 pm By JD Alois  |  

Victory Park Capital (VCP) has announced a new issuance of common shares to raise another £200 million for VPC Specialty Lending Investments (VSL). The offer price is expected to be £1.00 per C share. The shares presently trade on the LSE. According to the firm,… Read More

September 7, 2015 @ 10:55 am By JD Alois  |  

Peer to peer lending platform Bondora announced late last month its forthcoming API.  Last week, the Estonia based direct lender released its Beta version of the API allowing individuals to access data directly. The Bondora API is a sandboxed, test environment that emulates the forthcoming… Read More

September 6, 2015 @ 9:43 pm By JD Alois  |  

Marketplace lending sites have quickly capitalized on one segment of personal debt: Credit Cards.  Yes, just about everyone holds and uses credit cards for day to day purchases.  If you are savvy, you pay them off at the end of each month. But at times… Read More

September 3, 2015 @ 4:00 pm By Midori Yoshimura  |  

  With the publication of the Small Business Borrowers’ Bill of Rights, one of the first consensuses on responsible small business lending practices, earlier this month, marketplace lending platforms including Funding Circle, Lending Club and Fundera showed their support for greater transparency for borrowers and accountability for platforms and… Read More

September 3, 2015 @ 8:32 am By JD Alois  |  

Clyde & Co, an international law firm operating mainly in the MENA region, states it has advised Beehive on its Sharia certification.  Beehive announced the receipt of its certification earlier this week. The peer to peer lending platform received approval by the Shariyah Review Bureau (SRB). The certification… Read More

September 3, 2015 @ 1:01 am By Midori Yoshimura  |  

    In Germany, investment crowdfunding is doing well–both debt-based and equity-based crowdfunding jumped notably in Q1 2015 versus Q4 of 2014, according to numbers from the German Crowdfunding Network. What of the country’s peer-to-peer lending? Dominik Steinkuehler, co-founder and CEO of Lendico, a multinational P2P lending platform,… Read More

September 2, 2015 @ 11:55 pm By JD Alois  |  

Peer to peer lending keeps going higher in China.  The world’s largest direct lending market topped 97.5 billion yuan ($15.3 billion) in August according to a report in the Shanghai Daily. To put this in comparison, Lending Club in the US has funded just over… Read More

September 2, 2015 @ 1:04 am By Midori Yoshimura  |  

    A recent national survey in the UK found that 7 per cent of over-65s, about 728,000 people, will consider peer-to-peer lending, according to Yorkshire Building Society, which conducted the survey, and FT Adviser. Yorkshire Building Society is among the largest building societies in the UK, with… Read More

September 1, 2015 @ 8:47 am By JD Alois  |  

Victory Park Capital (VPC) announced today it is investing up to €230 million in loans originated on the Zencap platform over a 3 year period.  German publication Handelsblatt called the investment “a record deal for a German startup” and “the most ever for a continental… Read More

August 31, 2015 @ 9:58 am By JD Alois  |  

In a recent write-up on the Orchard blog, the FinTech company profiled Don Davis, Managing Partner of Prime Meridian Capital Management. Davis launched the Prime Meridian Small Business Lending Fund in the summer of 2014. The objective was to lend to high quality SME loans… Read More

August 29, 2015 @ 4:53 pm By JD Alois  |  

Leading peer to peer lending platform Zopa has announced an executive shake-up that has removed Giles Andrews as CEO. Effective immediately, Jaidev Janardana is the new CEO of Zopa. Andrews, a Zopa co-founder, will now be Executive Chairman of the fast growing direct lender. Janardana… Read More

August 28, 2015 @ 12:04 am By JD Alois  |  

Peer to peer lending platform Bondora has announced forthcoming updates to its platform that marks a significant improvement for investors.  According to Bondora, coming this fall a new passive investing feature will be incorporated into their site. This should make it easier for new investors to… Read More

August 27, 2015 @ 3:29 pm By JD Alois  |  

Real estate crowdfunding platform CoAssets is looking to set up shop in neighboring Malaysia.  Earlier this year Malaysian securities authorities announced the approval of 6 investment crowdfunding platforms but CoAssets, based in Singapore, was not on the list.  Denied at the time,  CoAssets is currently… Read More

August 25, 2015 @ 10:01 am By JD Alois  |  

Zopa, the first peer to peer lending platform in the UK, recently announced having passed £1 billion in lending.  The lending platform has a trajectory to more than double the total volume of loans versus year prior as more and more consumers go online to… Read More

August 24, 2015 @ 9:28 pm By JD Alois  |  

Dianrong, a Chinese peer to peer lending platform, has received a new funding round in the amount of $207 million led by Standard Chartered with  participation from China Fintech Fund and Bohai Leasing.  The Series C funding was declared the largest ever for the direct… Read More

August 23, 2015 @ 11:03 pm By JD Alois  |  

Bondora, previously doing business as isePankur, is one of the faster growing peer-to-peer lending platforms in Europe. Based in Estonia, but also approved by the FCA in the UK, Bondora recently updated its legal approach to dealing with loans in default. Loans that go bad are… Read More

August 22, 2015 @ 10:59 am By Samantha Hurst  |  

Last month, Maidstone-based airbnb for cars Ascendia Drive launched an equity crowdfunding campaign on Seedrs to raise funds to disrupt the $60bn car hire industry. The company is described as a peer-to-peer car rental platform that allows users to “own their driving experience,” without owning the car. It helps drivers to find, review… Read More

August 20, 2015 @ 9:04 pm By Erin Hobey  |  

“The last three months have seen around $150 million provided to 144 small businesses within The Funding Network. We’re estimating our total funding volume in 2015 to be around $800 million. Beyond that, I see huge potential for Symbid if we can continue to expand… Read More