Tagged: peer to peer

July 10, 2015 @ 11:26 am By Samantha Hurst  |  

Research and Markets has announced the addition of the “European Peer-to-Peer Lending: Market Insight 2015 “ report to their offering. Peer-to-peer (P2P)lending has continued to grow rapidly across Europe as lenders seek higher returns than are available from banks and borrowers embrace willingness to lend to sectors the… Read More

July 10, 2015 @ 9:32 am By JD Alois  |  

Flendr, a social lending platform that launched a couple weeks ago, wants to make it easier to borrow money from friends and family.  A bit of a hybrid peer to peer lending platform – where you know the “peers”, Flendr sees opportunity in the estimated… Read More

July 9, 2015 @ 9:00 am By JD Alois  |  

The US is a magnet for foreign students looking for a superior education and a boost to their career.  Yet these same international students frequently need to borrow to pay for school just like the legions of domestic students. CommonBond, a direct lending platform that… Read More

July 8, 2015 @ 3:40 pm By Midori Yoshimura  |  

  A co-creator of the legislation that eventually became the JOBS Act of 2012, Candace Klein, Chief Strategy Officer for marketplace lender Dealstruck, joined the crowdfunding movement unintentionally. Candace was drawn in through her nonprofit, Bad Girl Ventures, and in the process founded her second company, began working with the… Read More

July 8, 2015 @ 7:56 am By JD Alois  |  

SME lender Funding  Empire has sold majority ownership to Paratus AMC, a residential mortgage lending company.  According to a company statement, Funding Empire will continue to maintain operations in Cardiff as “Wales’ only peer to peer lending lending platform”.  The direct lender launched operations in… Read More

July 7, 2015 @ 4:08 pm By Samantha Hurst  |  

Southern California-based Payoff, Inc. today announced that Eaglewood Capital Management, a subsidiary of alternative asset manager Marshall Wace, has agreed to finance up to $250 million of loans over a multi-year period, subject to Eaglewood’s purchase criteria. This arrangement should enable Payoff’s rapid growth to support the… Read More

July 7, 2015 @ 12:01 pm By JD Alois  |  

Singapore based real estate crowdfunding platform CoAssets will publicly trade shares on NSX, an Australian stock exchange. This comes as CoAssets announces expanding its platform into Australia.  According to a report from the company, CoAssets, the first crowdfunding site for real estate projects in Southeast Asia, will… Read More

July 7, 2015 @ 10:22 am By JD Alois  |  

Prêt d’Union, the leading peer to peer lending platform in France, has raised a significant € 31 million from Eurazeo and angel investor Pierre Kosciusko-Morizet.  The new investors join an established group including Crédit Mutuel Arkea, Schioted and AG2R La Mondiale. In a posting on the… Read More

July 7, 2015 @ 8:05 am By JD Alois  |  

Singapore based Crowdonomic has Rebranded as Crowdo as it Expands Across Asia. Launched in 2012, Crowdo has announced they will launch two platforms before year end.  As part of their regional expansion plan, Crowdo intends to launch a peer to peer lending platform in Indonesia… Read More

July 6, 2015 @ 5:47 pm By JD Alois  |  

Young peer to peer lending platform, Money&Co., founded by City Super Woman Nicola Horlick, believes it has set a record of sorts.  The direct lender was launched in the spring of 2014 and to date has facilitated about £6 million in loans. According to Money&Co.;… Read More

July 3, 2015 @ 2:07 pm By JD Alois  |  

The new FSCS deposit limit will kick in on January 1st, 2016.  The limit for individuals is being lowered from £85,000 to £75,000 to be in line with the European Union Deposit Guarantee Scheme which is designed to “harmonize” the limit across Europe to €100,000.  The… Read More

July 2, 2015 @ 12:39 pm By David Klein  |  

By now, you’ve more than likely heard about Goldman Sachs’ plans to launch an online consumer lending unit as early as next year. Yes, Goldman Sachs, the 146-year-old Wall Street giant best known for focusing on the 1%, is making a bet on Main Street with plans… Read More

July 2, 2015 @ 11:51 am By Samantha Hurst  |  

On Wednesday, the Entrepreneurs’ Organization (EO), a peer-to-peer community of entrepreneurs, welcomed Gilberto Crombe as its new chairman of the global board of directors for FY2015/2016. Crombe’s tenure as chairman will focus on bringing together EO’s global network while driving the organization’s strategic initiatives—and the leading entrepreneurs it… Read More

June 30, 2015 @ 1:16 pm By JD Alois  |  

StreetShares has received a California Finance Lenders’ License. The license provides the licensee with an exemption from the usury provision of the California Constitution. StreetShares, a veteran-owned and operated platform,  currently focuses on using competition and affinity lending to lower borrowing costs for veteran-owned small businesses…. Read More

June 30, 2015 @ 9:54 am By JD Alois  |  

CircleBack Lending has completed its first securitization of consumer loans. The company reported $106 million was completed by Jefferies, an investment banking firm.  CircleBack revealed an agreement with Jefferies in 2014 to securitize up to  $500 million in loans in the coming years.  CircleBack stated… Read More

June 29, 2015 @ 7:03 pm By JD Alois  |  

Sofi, a marketplace lending platform, has been on a roll lately.  The direct lending platform closed a new securitization of  $411 million, all backed by student loans.  This was the largest securitization by a marketplace lender to date.  SoFi expects to $1 billion in securitization in Q3… Read More

June 29, 2015 @ 9:46 am By Samantha Hurst  |  

Lufax, China’s finance marketplace, announced today that its flagship P2P marketplaces have reached 10 million registered users. Gregory Gibb, Chairman and CEO of Lufax, stated: “We are excited to achieve this significant milestone. Our growth continues to accelerate as Lufax users experience the security, innovation and convenience… Read More

June 29, 2015 @ 8:26 am By JD Alois  |  

Lending Club (NYSE: LC), the leading peer to peer lender in the United States, is now open to investors in two new states: Texas and Arizona.  It is an odd twist of the regulatory environment that some states allow the option to use platforms like… Read More

June 29, 2015 @ 7:43 am By JD Alois  |  

VPC Specialty Lending Investments (LSE:VSL), has released a statement that the company has invested 87% of net IPO proceeds which is “significantly ahead of the target to be substantially fully invested within six months of admission.”  VPC invests in peer to peer or direct lending… Read More

June 28, 2015 @ 7:00 pm By JD Alois  |  

Peer to peer lender CrowdProperty has passed its first £1 million milestone. The property lender launched late in 2014 and has set an ambitious goal of facilitating £20 million in loans its first year in operation. CrowdProperty stated the million mark was hurdled as its… Read More