Tagged: peer to peer

February 3, 2015 @ 12:49 pm By Samantha Hurst  |  

Manatt, Phelps & Phillips, LLP, announced today that Brian S. Korn has joined the firm’s Corporate and Finance practice as a partner in its New York office. He joins the firm from Pepper Hamilton LLP, where he founded and co-led the firm’s crowdfunding and peer-to-peer lending practice. Korn focuses… Read More

February 3, 2015 @ 9:45 am By JD Alois  |  

As anticipated, the Financial Conduct Authority (FCA) has published a regulatory review of the crowdfunding environment – including investment crowdfunding and peer to peer lending. Rules were initially released in March of 2014 with the government entity taking a “light touch approach” that was broadly embraced… Read More

February 3, 2015 @ 8:29 am By JD Alois  |  

SoFi, a unique peer to peer lending platform, has announced a significant $200 million investment in a Series D funding round led by Third Point Ventures. Company valuation was not disclosed in the announcement. Goldman Sachs acted as sole placement agent for the funding round…. Read More

February 2, 2015 @ 11:34 pm By JD Alois  |  

Research from peer-to-peer lending platform, RateSetter, attacks the UK’s tendency to procrastinate – specifically with managing personal finances. The information was coordinated with RateSetter’s #MakeItPay promotional campaign. Ostensibly RateSetter decided to delve deeper into the procrastination habits that stymie people from making a change like dumping their bank and hooking… Read More

February 2, 2015 @ 5:54 pm By JD Alois  |  

Australian peer to peer lender Lendex has added two prominent names to its advisory board. The P2P / P2B site has announced the appointment of both Robert Hines and Kim Jenkins. The move boosts insight and experience for the young funding platform. Jenkins is the… Read More

January 30, 2015 @ 8:33 am By Samantha Hurst  |  

UK based business lender Funding Circle has reached a new milestone in peer to peer lending.  The 4 1/2 year old company has now topped £500 million in loans that have been provided for over 7000 UK SMEs in need of finance.   It took just shy of 4… Read More

January 28, 2015 @ 10:44 pm By JD Alois  |  

Coming off a year where they facilitated $1.6 billion in loans, Prosper, one of the largest peer to peer companies in the world, has acquired American HealthCare Lending (AHCL) – a medical financing platform. The company is the largest “patient financing company in [the] behavioral… Read More

January 28, 2015 @ 10:10 pm By JD Alois  |  

Now that Lending Club (NYSE: LC) is publicly traded they will be making it habit to schedule quarterly calls, along with other required securities filings. The worlds largest peer to peer lender  has just announced its earnings for Q4 2014 will be released on February 24,… Read More

January 28, 2015 @ 8:35 am By Midori Yoshimura  |  

Chinese credit rating agency Dagong recently released its first internet finance blacklist and early warning list, according to a company statement. Dagong stated, “the number of peer to peer platforms that appeared to have various risks such as blocked withdrawals, platform closure and flight is… Read More

January 28, 2015 @ 8:10 am By JD Alois  |  

LendInvest, a peer to peer lender for real estate mortgages, has topped the £200 million mark in loans since the platform launched in May of 2013.  LendInvest started as an offshoot of Montello Capital Partners.  In October of last year there was a bit of… Read More

January 27, 2015 @ 11:10 am By JD Alois  |  

Peer to peer lender Zopa received a nice shout out at the 2015 Moneyfacts Awards. Zopa received awards for both “Personal Loan Provider of the Year” and “Best Customer Service”. The latter award is particularly nice as the P2P space continues to grow and service… Read More

January 27, 2015 @ 5:00 am By JD Alois  |  

Funding Circle, a small business loan marketplace, has claimed “first’ in offering individual investors the opportunity to invest in secured fractional small business loans with the launch of its new Fractional Loan Marketplace. Now individual investors may purchase fractional loans ranging in size from $25,000 to… Read More

January 26, 2015 @ 10:12 am By JD Alois  |  

Recently the Financial Conduct Authority (FC) has been reviewing promotional practices of peer to peer lenders in the UK. This event was shared in a recent report from the FT which posed the question will the FCA clamp down on advertising practices utilized by P2P lenders… Read More

January 25, 2015 @ 5:59 pm By JD Alois  |  

Peer to peer lender Zopa has contracted with the C4L network for fast and secure circuit connectivity between Zopa’s Data Centres and headquarters. Zipper’s CEO Matt McGuire, was quoted on the arrangement: “We are very pleased with the service we have received from C4L and the solution they… Read More

January 22, 2015 @ 3:39 pm By JD Alois  |  

SoFi, an innovative funding platform that has pushed aggressively to tackle the world of student loans, is preparing to offer $313,800,000 in asset backed notes.  The securities will be secured by private student loans. DBRS has assigned a provisional rating of AA to the Class… Read More

January 22, 2015 @ 8:48 am By JD Alois  |  

The Royal Bank of Scotland has struck an arrangement with leading peer to peer lenders Funding Circle and Assetz Capital that should give UK small business a boost.  RBS announced it will now formally refer small business borrowers to P2P lenders.  The strategic shift is… Read More

January 21, 2015 @ 1:02 pm By JD Alois  |  

Unilend, a leading peer to peer lending platform based in France, has formed a partnership with Groupama Banque to channel € 100 million to small and medium businesses over the next four years.  The arrangement is the first of its kind in France. Unilend has… Read More

January 21, 2015 @ 8:56 am By JD Alois  |  

These days it may make sense to keep your money under your mattress as opposed to placing it in a bank savings account. After you get through the miscellaneous fees, a savers rate of return can easily go negative.  At least the mattress won’t charge… Read More

January 20, 2015 @ 10:22 pm By JD Alois  |  

Peer to peer lending platform ArchOver recently signed up Wriglesworth Research to dig into consumer awareness and the acceptance of crowdfunding. From November to earlier this month (January) 500 adults were polled as to their opinion regarding new forms of investment.  The results, provided by ArchOver, were… Read More

January 19, 2015 @ 10:02 am By Samantha Hurst  |  

London-based  peer-to-peer lender,Lending Works, is pleased to announce the appointment of Jason Mackay to the fast-growing peer-to-peer lending company’s Board as a Non-Executive Director.  Mackay has extensive experience in global financial markets, having most recently worked as a Managing Director at Morgan Stanley. For seven years, he… Read More