Tagged: peer to peer

June 12, 2015 @ 11:32 am By Samantha Hurst  |  

On Friday, Gurgaon-based peer-to-peer lending platform Faircent announced it has raised ₹250,000 in its pre-series A round, which was led by M&S Partners Pte. Ltd. Faircent is said to be India’s largest P2P lending site.  The platform has been in operation since mid 2014 and… Read More

June 12, 2015 @ 8:14 am By JD Alois  |  

The Moneywise Custome Service Awards 2015 took place this week.  Described as the “authoritative stamp of approval by the UK consumer” recognition is given to financial service firms for providing exemplary service to their customers.  In recent years as finance has altered direction and moved… Read More

June 11, 2015 @ 4:31 pm By Samantha Hurst  |  

RealtyMogul, an online capital markets portal for real estate investing, announced today that it had successfully completed its equity capital raise for a multi-tenant medical office building in a large metropolitan area in Texas. RealtyMogul’s accredited investors used its peer-to-peer marketplace to help purchase the property…. Read More

June 11, 2015 @ 1:11 pm By Samantha Hurst  |  

Lending Loop, a new business lending marketplace, has opened its doors to businesses across Canada, aiming to be the first platform that connects businesses seeking capital with Canadian lenders. The financial technology start-up received its first round of financing from the Kirsh Group, and intends on… Read More

June 11, 2015 @ 12:23 pm By JD Alois  |  

LendingRobot, an automated investment platform for peer to peer / marketplace lending investors, has launched secondary trading for Lending Club loans. The Seattle, Washington, based company raised $3 million in a Series A funding round earlier this year to help finance the new service. LendingRobot allows… Read More

June 11, 2015 @ 11:55 am By JD Alois  |  

Biz2Credit, an online direct lender, has partnered with Univision Enterprises, a media company serving Hispanic America. The agreement is to provide Latino business owners with a broad set of small business finance solutions with a branded platform: Empresitio. “We are thrilled to partner with Univision and… Read More

June 11, 2015 @ 8:37 am By JD Alois  |  

Receives “Investment Grade” Rating from Moody’s & DBRS It was not that long ago that ratings agencies looked askance at marketplace lending platforms.  Yesterday CommonBond, a marketplace lending platform that targets the student loan refinancing space, received a solid review from both Moody’s and DBRS.  Moody’s delivered… Read More

June 10, 2015 @ 11:06 am By Samantha Hurst  |  

Community Investment Management (“CIM”), an impact investment firm focused on marketplace lending, announced today a Clinton Global Initiative America (CGI America) Commitment to Action to provide $300 million of responsible and transparent financing to 9,500 small businesses in the United States over the next two years. CIM’s capital will be… Read More

June 10, 2015 @ 10:30 am By JD Alois  |  

Internet finance is quickly replacing brick and mortar banks. While the days of healing to your local branch to try and charm a curmudgeonly loan officer may be numbered, there is still tons of finance verticals prime for disruption.  PrimaHealth Credit is targeting one of… Read More

June 9, 2015 @ 11:29 am By JD Alois  |  

Marketplace lender LoanHero has closed a seed funding round in the amount of $1.7 million.  According to the company, the investment was led by “a New York-based investment partnership focused on early stage FinTech start-ups and included multiple local and national angel investors”.  LoanHero also… Read More

June 8, 2015 @ 10:40 pm By JD Alois  |  

The freewheeling world of peer to peer lending may come to an end later this month in the worlds largest P2P lending market. China is expected to release a regulatory regime that will tighten control of internet finance – a sector that has grown incredibly… Read More

June 7, 2015 @ 10:49 pm By JD Alois  |  

Zopa co-founder and CEO Giles Andrew has joined a growing chorus of industry leaders disputing the description of peer to peer, or marketplace lending, as “Shadow Banking“.  Of course this could be just a natural reaction from traditional banking.  As the banking model is challenged,… Read More

June 6, 2015 @ 1:36 pm By JD Alois  |  

China is the largest peer to peer lending market in the world with one estimate placing total loans at over $53 billion for all of 2014. Last week we reported that loan originations were near $10 billion – for just the month of May.  The space… Read More

June 6, 2015 @ 11:25 am By JD Alois  |  

Crowdstacker, a new peer to peer lending platform has launched today with its first loan product. The direct lender explains its approach as offering  retail investors the option to lend money to “non-listed but established mid-sized and financially stable businesses. Karteek Patel, CEO of Crowdstacker,… Read More

June 5, 2015 @ 10:13 am By JD Alois  |  

  Direct lender Dealstruck has recently announced several platform updates – this coming on the heals of passing $50 million in loans. Described as a “game changing” addition to the current portfolio of services offered to Dealstruck customers, the new Credit Borrower Portal is a… Read More

June 4, 2015 @ 2:43 pm By Samantha Hurst  |  

Money360, Inc., a peer-to-peer (P2P) commercial real estate (CRE) lending platform that brings together CRE borrowers and accredited investors, today announced the appointment of Patrick G. Brokaw to Vice President, Operations. Brokaw brings more than 25 years of executive and business leadership experience to Money360,… Read More

June 3, 2015 @ 9:21 am By Samantha Hurst  |  

Mirror, a “blockchain-technology” company building a new financial platform, today announced it has received $8.8 million in Series A funding led by Route 66 Ventures with participation from existing investors including RRE Ventures, Crosslink Capital, Battery Ventures and Tim Draper. This additional capital brings the… Read More

June 2, 2015 @ 7:17 pm By JD Alois  |  

SoFi received provisional ratings from Moody’s on over $411 million in post graduate loan backed notes on Monday. The notes were rated from Baa3 to Aa3 – the highest rating received to date according to Bloomberg. According to Moody’s the provisional ratings were assigned to… Read More

June 2, 2015 @ 2:44 pm By Samantha Hurst  |  

RealtyMogul, a peer-to-peer marketplace for real estate investing, has hired Megan Goodfellow as its Head of Credit, Commercial Real Estate. This executive hire is part of the company’s recent launch of a commercial lending division. Goodfellow will be responsible for the credit risk management of… Read More

June 1, 2015 @ 11:10 pm By JD Alois  |  

According to a recent report, peer to peer loans in China hit a record high amount for the month of May topping $9.8 billion.  In April the amount of P2P loans was pegged at $8.9 billion. The report in the Shanghai Daily also stated that dodgy… Read More