Tagged: peer to peer

October 28, 2014 @ 9:34 am By JD Alois  |  

Research and Markets have announced a new report they have published on the fast growing peer to peer (P2P) lending industry.  Their numbers state the global market will top £40 billion (over $64 billion USD) by 2016.  They break that out stating the UK will… Read More

October 28, 2014 @ 9:10 am By Erin Hobey  |  

Peerform, a P2P lending platform,  targets those “who really need a loan, the best chance to get the money they need to help improve their lives.” By utilizing a variety of technologies, such as Peerform’s unique algorithm, Peerform is able to ascertain “creditworthiness” and lend to… Read More

October 25, 2014 @ 3:27 pm By JD Alois  |  

BitLendingClub, a bitcoin peer to peer lending platform has reportedly received €200,000 in seed funding from LaunchHub.  BitLendingClub is a Bulgarian based p2p company that was officially launched in 2012.  The site facilitates borrowers to get loans in Bitcoins and claims the “most competitive rates and… Read More

October 23, 2014 @ 10:53 am By JD Alois  |  

UK based peer to peer lending platform Funding Circle has announced a partnership with global consulting firm PWC to support more UK businesses access capital.  PWC will now funnel small business clients seeking funding to Funding Circle.  This is similar  to the agreement Funding Circle… Read More

October 22, 2014 @ 11:01 am By JD Alois  |  

Well known investor and former Pimco executive Mohamed El-Erian has joined the board of Payoff after investing in the “next generation financial services company”.  El-Erian was an important part of Pimco – the largest bond manager in the world – until recently when he departed… Read More

October 22, 2014 @ 10:32 am By JD Alois  |  

The peer to peer lending industry sees the light at the end of the tunnel as the UK government nears the day when retirement funds, in the form of Individual Savings Acccounts (ISAs) will be able to invest in P2P loans.  Last week the UK… Read More

October 20, 2014 @ 10:27 pm By JD Alois  |  

Eaglewood Capital Management, an investment management firm specializing in investing in online lending strategies, has announced that it has completed a $75 million securitization.   This represents Eaglewood’s second securitization of peer-to-peer (P2P) consumer loans and brings its total issuance to $175 million. The $75… Read More

October 20, 2014 @ 11:02 am By JD Alois  |  

The Peer 2 Peer Finance Association (P2PFA), an industry advocate group for UK P2P platforms, has jumped into the scrum regarding the forthcoming inclusion of P2P lending assets in Individual Savings Accounts (ISAs).  Chancellor of the  Exchequer George Osborne announced earlier this year that ISAs… Read More

October 19, 2014 @ 9:29 pm By JD Alois  |  

Peer to peer lending platform Lending Club has selected the New York Stock Exchange as their venue to list the much anticipated initial public offering. According to multiple reports, but first advanced in the FT, Lending Club has followed the path of several high profile… Read More

October 17, 2014 @ 12:43 pm By JD Alois  |  

The United Kingdom government has announced a new consultation seeking input from peer to peer industry participants or views from any other individuals or business as they look to create the most efficient method of including peer to peer loans within Individual Savings Accounts (ISAs)…. Read More

October 16, 2014 @ 4:54 pm By Samantha Hurst  |  

Online loan marketplace LendingTree has launched an ongoing study to track the range of Annual Percentage Rates (APRs) on personal loans offered to prospective borrowers on its marketplace, highlighting the money-saving benefits of comparison shopping for loan products. In the third quarter, borrowers with a… Read More

October 14, 2014 @ 7:47 pm By Georgia Quinn  |  

Last week’s American Banker P2P Lending and Investing Conference held in New York City (October 6-7) attracted over 375 bankers, investors, platforms and service providers. The sheer fact that a storied institution founded in 1863 and dedicated to the traditional banking industry facilitated such a… Read More

October 14, 2014 @ 9:08 am By JD Alois  |  

P2P Lender Has Generated One Billion in Loans Since February of 2014 to October. Peer to peer lender Prosper revealed in a recent interview the fast growing platform originated $170 million in loans for the month of September.  Prosper states they are approximately 1/3 of… Read More

October 14, 2014 @ 7:47 am By JD Alois  |  

Peer to peer lender Wellesley & Co. has announced passing the £100 million mark in loans funded.  The UK based company launched only in November of 2013.  Wellesley & Co. has claimed the title as “the fastest growing platform in 2014”.  The P2P lender specializes… Read More

October 13, 2014 @ 9:58 am By JD Alois  |  

Ranger Capital, a company that offers traditional and alternative investment opportunities , sees the rise of peer to peer (P2P) lending as an opportunity for traditional banks, not a form of distintermediation.  Ranger Capital, along with banking executives Scott Reed and Brian Jones believe that… Read More

October 8, 2014 @ 9:44 am By JD Alois  |  

Earlier this week securities attorney, and Crowdfund Insider Senior Contributor, Georgia Quinn, delivered a presentation at the American Banker P2P Lending + Investing conference. The presentation, embedded below, is a high level overview on the machinations of p2p lending. Quinn reviewed how “peer to peer”… Read More

October 7, 2014 @ 11:58 am By JD Alois  |  

Kayla Tausche talks peer to peer lending and specifically the success of SoFi in a brief segment on CNBC.  The discussion was coordinated alongside SoFi’s announcement they were moving into the Mortgage market – thus expanding their offerings from refinancing student loans.  Kayla calls SoFi… Read More

October 7, 2014 @ 11:06 am By JD Alois  |  

Peer to Peer Lender Extends Product Line to Offer Mortgages. SoFi (or Social Finance), a leading peer to peer lending, has surpassed $1 billion in funded loans.  The site now claims to be the fastest P2P lender to reach this milestone. SoFi is the largest… Read More

October 6, 2014 @ 2:55 pm By JD Alois  |  

Peer to peer lending platform Lending Club has announced the hire of Richard Neiman to lead the P2P sites regulatory and government affairs office.  Neiman was previously Vice Chairman of Global Financial Services Regulatory Practice at PriceWaterhouseCoopers LLP.  He has also held senior positions at… Read More

October 6, 2014 @ 12:50 pm By JD Alois  |  

Self described as the “next generation of peer to peer lending”, California based Loanz has announced the completion of a $2 million seed funding round.  Loanz was formed in 2013 by Outset Ventures.  Little additional information was available on the funding round.  The company stated… Read More