Tagged: peer to peer

July 28, 2014 @ 6:08 am By JD Alois  |  

Bruce Ledesma has been named Mosaic’s Chief Operating Officer. Solar peer to peer lending platform Moscaic, has named Bruce Ledesma as their new Chief Operating Officer and will aid in scaling operations for the leading renewableenergy funding platform. Ledesma previously worked as the Executive Vice… Read More

July 27, 2014 @ 3:00 pm By JD Alois  |  

The Peer to Peer Finance Association (P2PFA) in the UK have just published the data for the first 6 months of 2014 showing impressive growth in the P2P lending industry.  The rate of flow of funds through p2p platforms has doubled over the last 6… Read More

July 24, 2014 @ 6:35 pm By JD Alois  |  

Green Dragon House P2P Loan Facilitates 120 New Flats. UK based peer to peer lending LendInvest has stated that its world record breaking P2P loan has now been repaid.  The £4.1 million loan on a commercial building in Croydon was noted as one of the… Read More

July 24, 2014 @ 11:56 am By JD Alois  |  

Nicola Horlick is a well known name in the halls of finance in the United Kingdom.  Nicola captured the title of City “Superwoman” as she balanced on the high wire act of an elite career in finance while simultaneously raising six children. After starting at… Read More

July 23, 2014 @ 11:09 am By JD Alois  |  

The below infographic is from the creative crew at Funding Circle (in the UK).  Funding Circle is one of the leaders in the peer to peer (P2P) lending space.  The platform just announced a pretty huge investment to juice their global expansion.  Founded in the… Read More

July 23, 2014 @ 8:37 am By JD Alois  |  

Peer Lending Platform Dealstruck Appoints Chief Financial Officer, Chief Marketing Officer and Chief Strategy Officer Peer to peer lending platform Dealstruck has added to its senior leadership team to help manage the company’s rapid growth and to execute on its corporate expansion initiatives.  The Dealstruck… Read More

July 21, 2014 @ 8:14 am By JD Alois  |  

Silicon Real LIVE recently interviewed Christian Faes, co-founder and Director if LendInvest – the UK based peer-to-peer lender that focuses on mortgages.  LendInvest has completed over £68 million in loans since their launch last year. Faes gives a good overview of the LendInvest platform talking… Read More

July 18, 2014 @ 11:06 am By JD Alois  |  

Australia based Loan Ranger, an online direct lender, has announced a strategic investment from UK based Liberum Capital.  Effective immediately, Liberum will also add Simon Atkinson as a director and Board Member.  Simon will join Jeff McCarthy, a former Managing Director of US based peer… Read More

July 18, 2014 @ 9:46 am By JD Alois  |  

In the UK, just like the US, consumers pay a ridiculous amount per year financing their credit cards.  The estimated total may top £6 billion per year, an astounding amount but understandable when one grasps the high rate of interest consumers pay today. Now with a… Read More

July 18, 2014 @ 9:06 am By JD Alois  |  

The Council of Mortgage Lenders (CML) estimates that gross mortgage lending reached £17.5 billion in June. This is 4% higher than May (£16.8 billion), 17% higher than June last year (£14.9 billion) and the highest monthly figure since October last year (£17.6 billion). Gross mortgage… Read More

July 18, 2014 @ 8:03 am By JD Alois  |  

The Financial Conduct Authority (FCA), the UK regulatory body entrusted with the operations of the securities industry, has released a statement declaring the retail banking industry “does not meet the needs of personal consumers or small and medium enterprises (SMEs)”. It should be noted that… Read More

July 17, 2014 @ 11:35 am By JD Alois  |  

Study by LendInvest reveals 80% of consumers are unaware fast-growing industry is now regulated by FCA. According to a report by LendInvest, four in five consumers don’t know peer-to-peer (P2P) finance is regulated by the Financial Conduct Authority (FCA) despite the massive growth of alternative… Read More

July 16, 2014 @ 8:45 pm By JD Alois  |  

The Financial Markets Authority (FMA) in New Zealnd issued the very first peer to peer (P2P) lending license  last week to Harmoney.  The Auckland based company gets to claim “1st” in another country that has embraced the power of technology to transform the geriatric banking… Read More

July 16, 2014 @ 7:01 pm By JD Alois  |  

Peer to peer lending is super hot right now.  The new approach to providing loans by leveraging technology to match investor with borrower had it’s genesis in the United Kingdom.  Since then it has quickly spread across the globe as compelling efficiencies have been delivered… Read More

July 16, 2014 @ 7:00 pm By JD Alois  |  

Funding Circle Announces $65 Million Investment to Fuel International Growth in New Markets.  Funding Circle, one of the pioneers of peer to peer lending, has released dramatic news today stating they have raised $65 million in a series D round funding led by Index Ventures…. Read More

July 14, 2014 @ 6:38 pm By JD Alois  |  

Peer to peer (P2P) lender Ratesetter received another round of good news as CEO Rhydian Lewis announced publicly the British Business Bank will start lending through the Ratesetter platform on July 21st.  The government owned entity was created to make financial markets work more effectively… Read More

July 14, 2014 @ 12:56 pm By JD Alois  |  

Funding Circle UK recently shared they had adjusted their policy on the types of loans and security required to allow the offer.  The peer to peer lender removed the £150,000 threshold for loans without asset security thus allowing their credit team greater flexibility in assessing and… Read More

July 14, 2014 @ 11:43 am By JD Alois  |  

Peer to Peer lending is experiencing dramatic growth in the UK  (and around the world).  While traditional loans have, in some categories, lagged the economic expansion, P2P is booming.  In fact UK businesses have benefited from over a half a billion in funds and consumer P2P… Read More

July 11, 2014 @ 7:44 am By JD Alois  |  

RateSetter risk-rated similar to cash by FE, a provider of investment analysis and research. The growing global peer to peer (P2P) lending industry took another step in the direction of popular acceptance as RateSetter, the UK’s biggest P2P lender by monthly volume, has now become… Read More

July 10, 2014 @ 9:47 pm By JD Alois  |  

The team at LendingRobot have sent over a cool infographic about Peer-to-Peer (P2P) lending.  LendingRobot is a cloud-based financial service and registered investment advisor providing tools for individual investors to automate peer investing on Lending Club and Prosper. As we all know by now P2P… Read More