Tagged: peer to peer

May 5, 2015 @ 12:17 pm By JD Alois  |  

Peer to peer lending platform Funding Circle has formed a new partnership with the National Small Business Association (NSBA). The new arrangement is designed to “help Main Street get better access to growth capital”.  The NSBA has an active membership of 65,000 businesses.  Their members… Read More

May 5, 2015 @ 8:30 am By Samantha Hurst  |  

With the interest in Indian e-commerce and online marketplaces continues to grow, peer-to-peer commerce spaces are creating opportunities for both investors and start-ups alike. In line with the emerging trends, Gurgaon-based online marketplace for arts, crafts and design WorldArtCommunity has raised a round of angel investment… Read More

May 4, 2015 @ 2:36 pm By JD Alois  |  

The correlation between risk and reward is an important relationship for all asset classes. The popularity of marketplace lending has been driven by the solid returns generated at a perceived lower level of risk.  Lending Club, the largest peer to peer lender in the United States, has… Read More

May 4, 2015 @ 12:08 am By JD Alois  |  

Ning Tang, CEO and founder of CreditEase – the first peer to peer lending platform in China, recently shared “ten thoughts” about the evolution of P2P lending and online finance. CreditEase was founded in 2006 prior to P2P lending becoming a popular term, the CreditEase… Read More

May 3, 2015 @ 10:43 pm By JD Alois  |  

With the booming popularity of marketplace lending, Wall Street is “scoffing” no more.  An article in Bloomberg recently described P2P lending as a “seemingly wacky idea” instead of the natural evolution that it truly is. But where the article is spot on, is the growing… Read More

May 3, 2015 @ 11:29 am By JD Alois  |  

Ron Suber, President of Prosper – one of the leading peer to peer lenders in the US, delivered one of the keynote presentations at the LendIt conference held in Manhattan last month.  Suber really did not focus on his company but instead gave a high level… Read More

May 1, 2015 @ 11:55 am By JD Alois  |  

LendInvest, a peer to peer lending platform for secured commercial mortgages, has updated their tech adding an auto-invest feature for investors. This allows individuals to manually select specific metrics on loans and once an asset that matches your criteria, you will automatically invest. LendInvest describes… Read More

April 30, 2015 @ 4:16 pm By JD Alois  |  

Peer to peer, or marketplace lending is growing fast. Loan originations on the largest platforms have hit “escape velocity” biting deeply into the realm of traditional banks. Orchard, a conduit that has positioned their services uniquely at the intersection of it all, shared earlier this… Read More

April 30, 2015 @ 9:42 am By JD Alois  |  

The Peer to Peer Finance Association (P2PFA) has announced Q1 data on P2P lending in the UK.  Updated numbers indicate that over £459 million was originated in the first quarter bringing the cumulative lending amount to more than £2.6 billion. Data provided also showed an increase… Read More

April 30, 2015 @ 12:26 am By JD Alois  |  

The number of complaints regarding peer to peer lending fraud in China continues to escalate, according to a report published by government officials. According to Tech QQ (part of Tencent), the Ministry of Public Security states that 8,700 cases of illegal fundraising were reported in… Read More

April 29, 2015 @ 11:15 am By JD Alois  |  

Landbay is leapfrogging other, more senior, peer to peer lending platforms in the UK by lining up a sizable credit line. According to company representatives, the young P2P lender that focuses on mortgage lending has negotiated an impressive £250 million wholesale funding line to be… Read More

April 29, 2015 @ 8:24 am By Therese Torris  |  

Serial entrepreneurs are a rare species. Even rarer are serial co-founders like Vincent Ricordeau, Ombline le Lasseur and Adrien Aumont. In 2009, the three French entrepreneurs co-founded rewards-based crowdfunding platform KissKissBankBank with a mission to “free creativity”. Since then, the platform has collected more than… Read More

April 28, 2015 @ 7:55 am By Erin Hobey  |  

“Banks are at a huge disadvantage with their high salary bills and antiquated technology systems, peer to peer offers an innovative, simple and better result which costs customers less. That said, I also predict huge opportunities for banks and peer-to-peer lenders to continue to work together… Read More

April 24, 2015 @ 12:14 pm By Bret Conkin  |  

The consumer loan experience is getting an upgrade in Canada courtesy of some new players that are targeting the long waits and paperwork hassles of traditional loans and the high rates of alternative providers like payday loans.  Experience in other markets like the US and UK… Read More

April 22, 2015 @ 9:25 pm By JD Alois  |  

Funding Circle has just received another capital boost in the amount of $150 million.  The equity funding round was lead by DST Global with participation from Baillie Gifford, a fund managed by Blackrock, Sands Capital Ventures and Temasek. Goldman Sachs acted as exclusive placement agent… Read More

April 22, 2015 @ 4:30 pm By Samantha Hurst  |  

Germany-based peer-to-peer platform, smava, recently announced that it has captured $16 million during a funding round that was led by Phenomen Ventures. According to Tech Crunch, Phenomena Ventures worked along side existing investors Earlybird and Neuhaus Partners for the funding round and the investment takes the total raised… Read More

April 20, 2015 @ 10:09 am By Samantha Hurst  |  

To commemorate serving its one-millionth girl this spring, the nonprofit organization Girls on the Run is starting a One-in-a-Million Challenge on social media to give people everywhere a chance to celebrate the people in their lives who they think are one in a million! The… Read More

April 20, 2015 @ 7:58 am By JD Alois  |  

CrowdCredit, a cross border focused peer to peer lender, has established an office in Estonia according to a company report. CrowdCredit is based in Chiyoda-ku, Tokyo, Japan.  The platform was founded by Tomoyuki Sugiyama, a former Lloyds Bank bond trader. CrowdCredit Estonia expects to issue… Read More

April 19, 2015 @ 10:51 am By JD Alois  |  

Assetz Capital hopes to run £ 1 billion in loans by the end of 2016 and they have a good start in getting there. The peer to peer lender launched in April of 2013 and has funded over £70 million in secured lending and states… Read More

April 18, 2015 @ 5:37 pm By JD Alois  |  

Peer to peer lender Lufax raised equity late last month. Crowdfund Insider reported the China based direct lender raised approximately $483 million or 3 billion yuan. Now a report in WSJ.com places a valuation of the P2P lender at nearly $10 billion making it one… Read More