Tagged: peer to peer

December 5, 2014 @ 1:11 pm By JD Alois  |  

Orchard Platform has been on the move recently.  The catalyst for the peer to peer lending industry is flexing its tech muscle once again by announcing the release of a new application giving investors more analytical power in their decision making process.  The “Orchard Originator… Read More

December 5, 2014 @ 12:04 pm By JD Alois  |  

Peer to peer lending platform Landbay is incentivizing “savers” this Holiday season by offering up a £50 “John Lewis”voucher for any new or existing customer who deposits £2000 or more in their Landbay account by December 19th.  Presently all lending on Landbay is into buy-to-let… Read More

December 4, 2014 @ 9:16 am By JD Alois  |  

New York based KLS Diversified Asset Management has agreed to invest £132 million in loans to small business originated via peer to peer lender Funding Circle.  The loans will be from a private fund managed by KLS and will provide a “further injection of much… Read More

December 3, 2014 @ 11:07 pm By JD Alois  |  

Landbay, a peer to peer lending platform that targets “buy to let” mortgages has gone quickly from crowdfunding success on Seedrs to established platform.  Last month Landbay joined the UK Peer to Peer Finance Association (P2PFA) a membership that is viewed as a seal of… Read More

December 3, 2014 @ 10:46 pm By JD Alois  |  

SocietyOne, described as Australia’s first and largest peer to peer lending platform, has announced a successful Series B funding round backed by a consortium of big name Australian investors including News Corp. Australia, Consolidated Press Holdings and Australian Capital Equity.  The big name investors include… Read More

December 3, 2014 @ 7:05 pm By JD Alois  |  

New peer lending platform Borrowell, has announced a significant seed funding round, plus loan commitments, in the amount of $5.4 million.  The Canadian company received funding from key strategic investors including Equitable Bank, Oakwest Corporation Limited along with high profile individual investors including Roger Martin,… Read More

December 3, 2014 @ 11:14 am By JD Alois  |  

Chancellor of the Exchequer George Osborne delivered his Autumn statement to parliament today and the winding speech had something for everyone. In a largely upbeat report, Osborne highlighted the many positives about the UK economy since the current leaders moved in to Number 10 Downing… Read More

December 2, 2014 @ 10:11 am By JD Alois  |  

There is definitely something to be said for being at the right place, at the right time, and for Orchard this is certainly the case.  Now this is not to say the creation of Orchard is totally serendipitous because this is a company that has… Read More

December 1, 2014 @ 3:31 pm By JD Alois  |  

Peer to peer lending platform Zopa has signed an agreement with Flow to provide financing to Flow customers.  Flow is a company that has been developing and commercialising alternative energy products for about a decade.  One of those products is the Flow Boiler.  The product is described as an… Read More

December 1, 2014 @ 2:20 pm By JD Alois  |  

Alibaba founder Jack Ma and Pony Ma, founder of Tencent Holding have purchased shares in large China insurer Ping An.  According to a report in the FT (subscription), the pair participated in a private placement by Ping An where the company raised $4.7 billion this past… Read More

December 1, 2014 @ 10:54 am By JD Alois  |  

RateSetter, a leading UK peer to peer lending platform, has made a public call for a “refresh” on the Financial Services Compensation Scheme (FSCS).  In a public statement RateSetter declared, “the time has come for the Financial Services Compensation Scheme to act its age”.  RateSetter… Read More

November 28, 2014 @ 6:05 pm By JD Alois  |  

In a company statement it was announced the Hispanic Chamber of E-Commerce and alternative crowdlending platform Dealstruck have formed a partnership in an effort to ease the process of securing growth capital faced by early-stage businesses.  The partnership will provide Chamber members and customers with… Read More

November 28, 2014 @ 10:52 am By JD Alois  |  

Leading peer to peer lending platform Zopa has partnered with tech company AU10Tix to improve identification process. AU10TIX is a fully owned subsidiary of ICTS International N.V. Zopa is raising the bar in protecting lenders against fraud by verifying borrowers more thoroughly by checking official… Read More

November 28, 2014 @ 10:16 am By Samantha Hurst  |  

Since launching its peer to peer platform for consumer secured loans, there has been press and in-depth regulatory dialogue, leading to re-confirmation, to all borrowers and lenders that eMoneyUnion do not carry out FCA regulated mortgage activities. The loans originated and transacted on the platform… Read More

November 27, 2014 @ 7:40 am By JD Alois  |  

In a public release Formax has announced a new “trading community” that seeks to become a “one stop shop” individual trading platform.  Formax states it has collaborated with 6 securities firms in China that aggregates various asset classes including peer to peer lending.  China is… Read More

November 25, 2014 @ 11:32 pm By JD Alois  |  

By now most industry followers understand that peer to peer lending, or peer to business as it may be, is a great way to raise capital for your business.  Rates can be competitive versus banks. Many businesses end up using credit cards to help pay… Read More

November 25, 2014 @ 10:21 am By JD Alois  |  

The Peer-to-Peer Finance Association (P2PFA) announced last week the appointment of Tony Boorman, former Chief Ombudsman at the Financial Ombudsman Service, as a Director of the P2PFA. Tony will work with current P2PFA Chair Christine Farnish, as the Association continues to advocate on behalf of the peer… Read More

November 24, 2014 @ 12:23 pm By JD Alois  |  

Mirador Financial has announced seed funding in the amount of $2 million to boost the growth of its “next generation small business lending platform and data services”.  Investors include, Collaborative Fund, Crosslink Capital, Vesta Corporation, Wicklow Capital and angels Eric Bunting, Bruce Gibney, Robert Harteveldt,… Read More

November 24, 2014 @ 12:10 am By Samantha Hurst  |  

Following a successful and rather quick equity crowdfunding raise on Crowdcube last year, Fruitful is launching a peer to peer lending platform for “everyday savers and full term commercial mortgage borrowers”.  The crowdfunding campaign had targeted a raise £140,000 for 8% equity.  In a note… Read More

November 21, 2014 @ 2:07 pm By Samantha Hurst  |  

RateSetter is celebrating yet another huge milestone! The UK-based peer to peer lender announced this week that it has officially hit £400M. The platform, which launched in September 2010, enables lenders to get fair returns while cutting the cost of borrowing. Capital is at risk. Lenders and… Read More