Tagged: peer to peer

June 1, 2015 @ 2:12 pm By Samantha Hurst  |  

IFAN Financial, Inc. (OTCQB: IFAN), a designer, developer, and distributer of software to enable payments for mobile, tablet, or computer and peer-to-peer cash transfers, announced it has closed a funding agreement with NY-based Sea Otter Global Ventures, LLC, manager of SBI Investments, LLC (together, “Sea Otter”) for… Read More

June 1, 2015 @ 10:59 am By JD Alois  |  

In a new industry survey created by Wharton FinTech and Richards Kibbe & Orbe (RKO), the authors state that institutional investors are watching the nascent industry “eagerly”.  Their research indicates that 85% of institutional investors are interested in entering into the space but less than… Read More

June 1, 2015 @ 9:52 am By JD Alois  |  

Funding Circle is pushing further into the real estate lending space by offering a new short term bridge loan tagging property developers.  According to the peer to peer lender, over the last 12 months Funding Circle has lent over £60 million for property loans creating… Read More

June 1, 2015 @ 9:15 am By Erin Hobey  |  

  “The technology Orchard builds connects hundreds of millions of dollars of institutional capital to a rapidly expanding number of originators across multiple asset classes. This ultimately touches borrowers in an efficient and transparent manner, which truly makes what we do “many to many.” Orchard… Read More

June 1, 2015 @ 8:19 am By JD Alois  |  

Global crowdfunding platform FundedByMe has received the Global Award of Crowdfunding Firm of the Year 2015 by Finance Monthly.  The company also shared it has been selected as one of the hottest startups in Sweden by Veckans Affärer, the largest business magazine in Sweden.  The recognition… Read More

May 29, 2015 @ 9:19 am By JD Alois  |  

Harmoney, a peer to peer lending platform operating in New Zealand, has surpassed $50 million in loans via over $1.4 million in transactions according to a recent report.  Harmoney is quoted as claiming this makes their direct lending platform “the fastest growing peer-to-peer lending marketplace… Read More

May 28, 2015 @ 11:06 am By Erin Hobey  |  

Now in the Big Apple, Facebook Messenger’s payments service has been tweaked to make it easier for friends to send money within conversations. Although launched in March, the P2P payments feature has so far only been available to Messenger app users in a few cities, including Seattle,… Read More

May 28, 2015 @ 7:00 am By Erin Hobey  |  

LendKey Grand Slam: Hits 35,000 Customers, Expands Management Team, $8M venture debt line from Silicon Valley Bank and Raises Additional $125M Commitment From Network of Credit Unions LendKey, the Lending-as-a-Service platform that connects borrowers with credit unions and banks, today announced several key growth milestones. The… Read More

May 28, 2015 @ 12:40 am By Midori Yoshimura  |  

A major Chinese peer-to-peer lender, Dianrong.com, now claims a valuation of “around” $1 billion, due to its latest round of fundraising, according to the company’s CEO, Soul Htite, in a conversation with CNBC (Reuters also contributed to the story). U.S. investment firm Tiger Global was the source… Read More

May 27, 2015 @ 9:43 am By Samantha Hurst  |  

Peer to peer lender, eMoneyUnion, announced this week the appointment of KPMG’s Derek Zissman, Bartle Bogle and Hegarty’s Sir John Hegarty and venture capitalist Tom Teichman to it team. As part of that appointment, the three will also be making a six figure investment. Founder of eMoneyUnion,… Read More

May 27, 2015 @ 7:30 am By Anthony Zeoli  |  

For years now, big bank lenders have warned the public about the dangers of dealing with “shadow” (i.e. non-bank) lending institutions. The term itself conjures up images of shady back-room deals where you’re handed money in a paper bag and told to pay it back… Read More

May 23, 2015 @ 11:04 am By JD Alois  |  

According to research by Morgan Stanley, peer to peer lending is set to rocket to $22 billion within the next 5 years in Australia.  This is a country with a population of just 24 million.  This highlights the collision path between traditional finance and disruptive… Read More

May 22, 2015 @ 10:00 am By Erin Hobey  |  

“We are extremely excited by the possibilities of the next decade in the alternative finance market… OnDeck’s vision is to transform how money flows to small businesses by leveraging our platform to provide capital on demand for small business owners. The data flowing through a small… Read More

May 21, 2015 @ 10:56 pm By JD Alois  |  

Auto China’s K-Lend, a peer to peer lending platform for vehicle financing, has just published an update for Q1 2015 operations. The Company announced that it recorded 1,180 new leases of commercial vehicles (primarily Class 8 heavy trucks) as part of the Company’s sales-type leasing… Read More

May 21, 2015 @ 4:00 pm By Samantha Hurst  |  

Karma, a platform that makes it easy to determine the reliability of people online through the use of its Karma Score, is launching out of private and into public beta today. The Karma Score’s unique algorithm makes it an ideal benchmark for the peer-to-peer community. With… Read More

May 21, 2015 @ 9:20 am By Samantha Hurst  |  

Earlier this week, the Entrepreneurs’ Organization (EO), a peer-to-peer community of entrepreneurs, introduced Vijay K. Tirathrai as its new chief executive officer. Tirathrai, who brings a wealth of business experience from both corporate and non-profit sectors, will focus on strengthening EO’s impact while driving the organization’s initiative of… Read More

May 21, 2015 @ 9:04 am By JD Alois  |  

Orchard Platform has announced two new partnerships as it extends its reach into a growing number of financial verticals in the direct lending space.  Orchard has signed up Auto One Acceptance and The Interface Financial Group (IFG).  Auto One is described as the “vehicle lender… Read More

May 20, 2015 @ 10:08 am By JD Alois  |  

  It was just 2 years ago that UK based peer to peer lending LendInvest launched in partnership with its sister firm Montello to provide short-term bridge loans.  Today LendInvest claims the title of worlds largest P2P marketplace for mortgages having surpassed £300 million in… Read More

May 20, 2015 @ 8:00 am By JD Alois  |  

Peer to peer lender China Rapid Finance has originated an astounding 1.1 million in loans to Chinese borrowers in just three months time – as of April 30th. The impressive number is indicative of the demand for capital in the largest P2P lending market in… Read More

May 20, 2015 @ 4:00 am By JD Alois  |  

Berlin based global bitcoin lending platform Bitbond has received a cash infusion to grow its lending platform. The angel round of € 600,000 now brings total capital raised for the site to €800,000. The new funding was led by Bitbond’s earlier seed investor Point Nine Capital, along with a… Read More