Tagged: peer to peer

April 18, 2015 @ 12:08 pm By JD Alois  |  

Vince Passione, LendKey CEO, cemented a $1 billion deal to re-finance student loans as he positions his company to challenge marketplace lending platforms like SoFi and CommonBond. This may be the biggest funding deal to date and is just further evidence of the intense interest… Read More

April 17, 2015 @ 1:17 pm By JD Alois  |  

  Prosper President Ron Suber delivered an extremely well received keynote address at the LendIt conference held in Manhattan this past week.  Over 2400 attendees converged from around the globe to discuss the future of finance, one where banks are on the decline and peer to… Read More

April 17, 2015 @ 11:45 am By Samantha Hurst  |  

China Rapid Finance, a Chinese marketplace that specializes in lending and credit decisioning, announced that it has reached a new milestone – in the first two months since it launched the service, the company has provided more than 800,000 loans to Chinese borrowers over its… Read More

April 17, 2015 @ 10:17 am By Jevgenijs Kazanins  |  

Earlier this year the Centre for Alternative Finance at Cambridge Judge Business School, in co-operation with professional services firm E&Y, released a pan-European study of the alternative finance market. The study, titled “Moving Mainstream”, can be considered the most comprehensive study on the subject released to… Read More

April 17, 2015 @ 8:00 am By JD Alois  |  

“Regulators should allow new firms to operate, generate data on the outcomes created by novel business models before writing new rules.” Larry Summers, former Secretary of the Treasury under President Clinton and Director of the National Economic Council under President Obama, delivered a rousing speech… Read More

April 16, 2015 @ 11:30 pm By JD Alois  |  

China is the largest peer to peer lending market in the world today and is home to the largest platforms in the world as well.  While exact estimates vary, most followers put the number of China based P2P lending platforms at an incredible number of… Read More

April 16, 2015 @ 10:46 pm By JD Alois  |  

GLI, a UK based firm that is heavily invested in alternative finance, has invested in the first regulated peer to peer lending platform in Spain – MytripleA.  According to a company release, GLI lead a € 1 Million funding round, kicking in € 445,500 for a 9.9%… Read More

April 16, 2015 @ 10:04 pm By JD Alois  |  

Funding Wonder is the latest entrant into the peer to peer lending space. The company reports it soft-launched in September of 2014 and since that time has built a “qualified small business loan pipeline of over $5 million.  The company expects that number to grow… Read More

April 16, 2015 @ 5:45 pm By JD Alois  |  

This peer to peer lending guide (embedded below) is designed to introduce financial advisors, and those more financially sophisticated types, to the world of peer to peer investing. Peer to peer investing is the new hotness in the financial world. The efficiency of allocation generated by… Read More

April 16, 2015 @ 12:03 pm By Anthony Zeoli  |  

It is clear that peer-to-peer (P2P) lending is here to stay but long gone are the days of actual “peers” lending to “peers.” Today Wall Street firms, hedge funds and other “big money investors”, make up the overwhelming bulk of the funds being lent through… Read More

April 16, 2015 @ 7:40 am By JD Alois  |  

Equity guru Jim Cramer invited one of the leading innovators in the peer to peer, or marketplace lending, space to swing by his Mad Money studio this week.  Renaud Laplanche, CEO and founder of Lending Club (NYSE:LC), the largest peer to peer lender in the… Read More

April 14, 2015 @ 4:39 pm By JD Alois  |  

Orchard, an investment and analytics firm that supports the global marketplace lending industry, has released Orchard Manager Database described as a” comprehensive resource for institutional investors to identify and evaluate the funds of marketplace (P2P) lending investment managers”. This new application is designed to provides large investors an ability… Read More

April 14, 2015 @ 12:01 pm By JD Alois  |  

LendKey, an online lending platform that connects local banks to borrowers, announced it has received a “conditional” commitment of up to $1 billion for student loan consolidation originated on the LendKey site.  The financing was from MidCap Financial, managed by a subsidiary of Apollo Global… Read More

April 14, 2015 @ 11:12 am By Samantha Hurst  |  

Money360, Inc., an online marketplace and peer-to-peer (P2P) lending platform that directly connects commercial real estate borrowers with accredited investors, today announced that is has secured $110 million to originate/purchase loans to borrowers through its online lending platform. The funds were secured through a $100 million loan purchase agreement and partnership… Read More

April 14, 2015 @ 9:00 am By Ron Suber  |  

In the world of finance, the traditional banking industry is the big celestial body at the center of things. Circling that orbit are the spheres of money transfer, payments, wealth management, banking and marketplace lending (also called peer-to-peer finance). Disruption to financial services has been… Read More

April 13, 2015 @ 9:00 am By JD Alois  |  

Former Citigroup executive Vinayak Gurjar has joined marketplace lender CommonBond as Chief Risk Officer.  Gurjar joins a growing number of traditional banking managers switching over to new, fast growing financial firms.  While the banking industry has suffered years of slow growth, crushing regulations and a… Read More

April 13, 2015 @ 8:00 am By Bill Ullman  |  

  Sunlight is said to be the best of disinfectants…” Former US Supreme Court Judge Louis Brandeis The old guard is trying to define marketplace lending as part of a murky “shadow banking” industry.  Banking analyst Richard Bove concluded in a recent Rafferty Capital Markets… Read More

April 12, 2015 @ 4:44 pm By JD Alois  |  

CreditEase, a China based peer to peer lender and wealth management company, has partnered with US based Wellington Management to invest in pre-IPO stage companies, according to a report in the China Daily. The agreement is described as one where CreditEase will provide the capital… Read More

April 10, 2015 @ 11:12 am By Conrad Ford  |  

    The various forms of peer-to-peer (P2P) financing have emerged as valuable sources of funding for small companies and vehicles for investment among lenders around the world in recent years. In fact, progress in the field of late has been remarkable to say the… Read More

April 10, 2015 @ 9:15 am By Samantha Hurst  |  

PeerIQ, a financial information services company that connects peer-to-peer lending to the capital markets by helping institutional investors analyze, access and manage risk, today announced that it has raised $6 million of seed funding. Uprising and John Mack, former chairman and CEO of Morgan Stanley, led the… Read More