Tagged: peer to peer

May 6, 2014 @ 3:21 pm By JD Alois  |  

Hitting the screens of CNBC today was Lending Club CEO Renaud LaPlanche talking about how his company is going to transform the banking industry. Instead of just steam rolling the old school industry, apparently Lending Club would like to bring them along – indicative of… Read More

May 6, 2014 @ 8:35 am By JD Alois  |  

Peer to Peer (P2P) lending platform continues to rack up big numbers as they shove banks aside and stake their claim in the P2P crowdfunding world.  One month after hurdling past the $1 billion mark in total loans in a note from Prosper CEO Aaron Vermut,… Read More

May 5, 2014 @ 3:00 pm By JD Alois  |  

P2P Platform Has Hit $500 Million Milestone. Peer to Peer portal Funding Circle has announced it will introduce a new risk tier that will allow the company to serve a quarter more of its U.S. small business loan applicants.   Funding Circle connects business owners with… Read More

May 5, 2014 @ 1:57 pm By Samantha Hurst  |  

Patch of Land, the online peer-to-peer real estate crowdfunding platform, and Crowdnetic, the leading provider of market data solutions for the global crowdfinance industry, announced today that Patch of Land is the first P2RE peer platform to partner on Lendvious.  The platform is Crowdnetic’s new… Read More

May 5, 2014 @ 12:48 pm By JD Alois  |  

Lending Club and Union Bank have formed a strategic alliance. Under the new agreement, Union Bank will purchase personal loans from Lending Club, and the two companies will work together to create new credit products to be made available to both companies’ customer base.  Union… Read More

May 2, 2014 @ 7:35 am By JD Alois  |  

The Ranger Specialty Income Fund will begin investing in crowdfunded small business loans through a relationship with Funding Circle USA. The fund wants to provide both domestic and international investors with attractive yields and monthly cash flow attributable to investments in the peer to peer… Read More

May 2, 2014 @ 6:56 am By JD Alois  |  

UK Based LendInvest Also Announces Creation of Secondary Market on P2P Platform. Peer to Peer (P2P) property lender LendInvest has launched a new three year mortgage in a direct challenge to high street banks’ dominance of the £1.2 trillion mortgage market.  The medium term mortgage is… Read More

April 28, 2014 @ 8:52 am By JD Alois  |  

Announced late last year, Peer to Business(P2B) crowdfunding platform Money&Co is prepping to launch this week in the United Kingdom.  The site is founded by prominent business woman Nicola Horlick who has put together a team of managers that includes Luke Davis and Robin Wight…. Read More

April 25, 2014 @ 6:59 pm By JD Alois  |  

Peerform, a peer to peer lending company, has shared they have signed an agreement with Looking Glass Investments (LGI) to utilize their loan analyzer .  Launched earlier this month, the Peerform Loan Analyzer is an alternative methodology for assessing the creditworthiness of a borrower.   Under… Read More

April 25, 2014 @ 9:43 am By JD Alois  |  

The LendIt Conference is the leading conference in the global online lending industry, encompassing both consumer and small business lending. LendIt is about introducing people to the latest and greatest online lending platforms, the big data that makes them tick and how investors can benefit…. Read More

April 25, 2014 @ 9:40 am By JD Alois  |  

LendIt, a global P2P and online lending conference, is prepping for their flagship conference taking place at the Hilton Union Square in San Francisco, May 4 – 6, 2014. Claiming the title of the world’s largest P2P industry expo featuring over 37 exhibitors; more than… Read More

April 24, 2014 @ 7:30 am By JD Alois  |  

UK based investment crowdfunding platform Funding Tree has launched their much anticipated crowdfunding platform.  The hybrid site claims to be the UK’s first fully regulated loan and equity based crowdfunding site. The one stop operation wants to match companies and investors to both loans and… Read More

April 19, 2014 @ 10:34 am By JD Alois  |  

UK based P2P platform RateSetter is taking their platform to Australia claiming the title of  first regulated platform from the outset.  The company has secured investment of $3 million from local and international investors alike to kick-start its Sydney offering. Headed up by Daniel Foggo,… Read More

April 18, 2014 @ 9:17 pm By JD Alois  |  

A recent report by the UK Peer to Peer Finance Assocation (P2PFA) indicates that cumulative lending  for the first quarter of 2014 achieved a total of £1.207 billion, a number that is in stark contrast to the same period year prior at £491 million.  The… Read More

April 17, 2014 @ 9:32 pm By JD Alois  |  

P2P lending platform Lending Club has announced the acquisition of Springstone Financial for $140 million in stock and cash.  Springstone is a financial service business that provides affordable options for consumers looking to finance private education and medical procedures.  Springstone brings along a network of over… Read More

April 15, 2014 @ 8:46 am By JD Alois  |  

The world of banking is changing rapidly.  The banks that continue to operate much as they have in the past will slowly fade away.  The firms that are open to change and innovation, have been presented with a unique opportunity to revolutionize the world of… Read More

April 14, 2014 @ 9:36 am By JD Alois  |  

The Beta launch of Landbay was announced today.  The young company is a new peer-to-peer (P2P) finance option for the UK’s frustrated savers and investors who have long struggled to secure low risk returns at rates above inflation, whether from cash accounts, savings accounts, bonds or other… Read More

April 11, 2014 @ 7:54 am By Georgia Quinn  |  

London based Assetz Capital Shares Insight into Fast Growing Peer-to-Peer Lending Sector. During my time in London, in addition to touring Westminster Abbey and the National Portrait Gallery, I was fortunate enough to speak with Stuart Law and Luke O’Mahony of Assetz Capital plc who… Read More

April 8, 2014 @ 7:59 am By JD Alois  |  

Assetz Capital is on track to lend £100 million by end of 2014. Twelve months after launching in March 2013, peer-to-peer (P2P) crowdfunding platform Assetz Capital has experienced record growth and smashed through the £20 million lent barrier, with loans accelerating to more than £15m… Read More

April 2, 2014 @ 2:48 pm By JD Alois  |  

P2P Lending Booms as Banks are Cut Out. According to Zopa, the fast growing peer-to-peer lending platform has now lent over £500 million  (Over $813,000,000).  Hurdling the half billion mark clearly places P2P lending in the mainstream of finance in the UK. In the past… Read More