Tagged: peer to peer

June 15, 2014 @ 11:37 am By JD Alois  |  

RateSetter, a fast growing peer to peer (P2P) lending platform based in the UK (but with sights set on global expansion),  recently authored a post on “inclusive capitalism”.  RateSetter founder Rhydian Lewis commented on the growth  of P2P finance that has boomed both in the… Read More

June 13, 2014 @ 9:13 pm By JD Alois  |  

P2P Lending & Investing Summit Taking place October 6-7 at the Sheraton New York Times Squares, a community event, bringing together the operators of online lending platforms, hedge funds, institutional investors and wealth managers looking to invest in P2P and nontraditional originated loans; and bankers. Get… Read More

June 11, 2014 @ 8:02 am By JD Alois  |  

Peer to peer lender Funding Circle has fired up their new risk tiers that were previously announced this past May.   Funding Circle connects accredited investors with small business owners in need of funding.  Traditionally these borrowers have had greater difficulties in finding loans.  The new… Read More

June 9, 2014 @ 8:00 am By Georgia Quinn  |  

The inspiration behind the current iteration of Prosper came after president Ron Suber had personally lent millions of dollars across both the Lending Club and Prosper peer-to-peer or P2P lending platforms. Ron invested in 13,000 loans and noticed that Lending Club’s execution was far superior… Read More

June 8, 2014 @ 10:50 pm By JD Alois  |  

Earlier this year in March, Chancellor George Osborne announced that investors would soon have access to peer to peer assets via their individual savings accounts (ISAs).  ISA’s are similar to US 401K accounts where individuals may save money on a tax fee basis to prepare… Read More

June 5, 2014 @ 7:12 am By JD Alois  |  

UK based peer to peer lender LendInvest recently announced they are preparing to launch their secondary market for their P2P securities.  LendInvest, an early participant in the fast growing P2P industry, specializes in online lending for mortgages.  The fast growing firm has facilitated over £40… Read More

June 3, 2014 @ 9:29 am By JD Alois  |  

Innovative solar crowdfunding platform Mosaic has been at the forefront of raising capital to finance solar energy projects.  Launched back in 2010, the peer to peer platform quickly caught the attention of many homeowners and developers interested in the possibilities of installing solar energy systems; saving… Read More

June 2, 2014 @ 8:00 am By Georgia Quinn  |  

Groucho Marx said he refused to be a member of any club that would accept him, but he never heard of Lending Club. When walking through their offices in downtown San Francisco, past the foosball and ping pong tables, mini golf course that mazes around… Read More

May 25, 2014 @ 2:22 pm By Samantha Hurst  |  

Peer-to-peer (P2P) site Landbay announced last week that it was no longer in beta and now is available for the wider public. The young company is a finance option for the UK’s  savers and investors who have struggled to secure low risk returns on rates… Read More

May 22, 2014 @ 3:00 am By JD Alois  |  

At the Lendit 2014 conference the peer to peer crowd came from across the globe to share notes and discuss how the banking and financial industry will never, ever be the same again.  As part of that event, Ron Suber, Prosper President, gave a keynote… Read More

May 21, 2014 @ 8:45 am By JD Alois  |  

Lending Club founder and CEO Renaud Laplanche recently visited the studios of Bloomberg (once again) to talk about his fast growing peer to peer lending platform.  In this brief discussion Renaud touches on the fact that Lending Club creates a more efficient market where both… Read More

May 16, 2014 @ 3:52 pm By JD Alois  |  

Hedge fund manager Marshall Wace is queuing up to IPO their Peer to Peer lending fund – seeking to raise £200 million.  The global investment fund wants to capitalize on the seismic shift from traditional bank finance to P2P lending platforms.  The shares are expected… Read More

May 16, 2014 @ 11:18 am By JD Alois  |  

UK based Zopa, one of the largest P2P platforms in existence having loaned over half a billion pounds on their platform, has published a “Moneyfesto” gunning for the usurious financial structure many (not all – mind you) credit card companies employ to squeeze their customers…. Read More

May 14, 2014 @ 3:02 pm By JD Alois  |  

Charles Moldow, General Partner at Foundation Capital, has declared that Peer to Peer (P2P) lending – part of the nascent crowdfunding revolution – is destined to hit the $1 Trillion mark by 2025 – a little more than a decade away.  Foundation Capital is a… Read More

May 13, 2014 @ 1:48 pm By Samantha Hurst  |  

Despite ever tightening controls on lending from the big five banks, 75 percent of Brits prefer to approach their high street bank for a loan of £10,000 or less. This is the finding of a new survey of more than 600 consumers from peer to… Read More

May 13, 2014 @ 11:25 am By Samantha Hurst  |  

A new entrant into the peer-to-peer (P2P) property lending space, Proplend, has had its first tranched P2P loan redeemed. The loan was a short-term commercial bridge loan supported by security over a children’s day nursery in Parson Green, London, which paid lenders a gross interest… Read More

May 13, 2014 @ 9:47 am By Georgia Quinn  |  

United Kingdom & the United States See Incredible Growth in Peer to Peer Lending Industry. With all of the hype around equity crowdfunding the silent counterpart of peer-to-peer lending has been quietly growing into a significant and disruptive industry. In fact, some industry followers expect… Read More

May 11, 2014 @ 11:07 am By JD Alois  |  

Social Finance, or SoFi, has refinanced more than half a billion dollars in student loans. The peer to peer lender has grown by nearly 800% to more than 550 universities. “We’re making a significant impact on the student debt burden,” said Mike Cagney, CEO of… Read More

May 9, 2014 @ 8:37 am By JD Alois  |  

Braeger Auto Finance Group, via Vroombank a peer to peer (P2P) platform,  has identified challenge and set out to solve it. In 2013, despite many signs of a recovering economy, the growth of auto dealerships nationwide was limited due to the reluctance of banks to… Read More

May 8, 2014 @ 10:07 pm By JD Alois  |  

Bondora based in Tallinn, Estonia, has become authorized by the Financial Conduct Authority (FCA) in the United Kingdom.  Bondora, previously called isePankur until this past April, is a peer to peer (P2P) lending platform.  The company describes themselves as an “advanced marketplace for experienced investors… Read More