Tagged: trustbuddy

TrustBuddy Platform is Purchased by Northmill

Trustbuddy Long Road

The Trustbuddy bankruptcy saga has been a challenging affair for the entire peer to peer lending industry – not to mention the beleaguered investors who lost money in the process. Today it appears that Trustbuddy is closing the door on another chapter of its rise… Read More

TrustBuddy Update: Trustee Secures SEK 50 Million. No Embezzlement Uncovered

Trustbuddy Best Yet

TrustBuddy, a peer to peer lending platform that spectacularly collapsed into bankruptcy last year, has been in the hands of bankruptcy trustees since its demise.  The entire saga became a cautionary note on the emerging online lending industry. Trustbuddy, a publicly traded entity, entered a… Read More

 View from the UK: Why the Alternative Finance Industry Needs Greater Regulation

search look UK binoculars

  The global alternative finance industry has undergone staggering growth in recent years. In 2015 combined market activity in the UK grew 84% from £1.74bn the year before to £3.2bn. Around 20,000 SMEs raised approximately £2.2bn in funding through online channels, representing a year-on-year growth… Read More

TrustBuddy Bankruptcy: Lenders to Pay 25% on Recovered Claims

Sorry We Are Closed

TrustBuddy, a publicly traded peer to peer lending platform, filed for bankruptcy in October of 2015.  This event occurred soon after it was revealed that management had uncovered “suspected misconduct” regarding the operations of the firm. Once the announcement of financial irregularities hit, it was… Read More

TrustBuddy Files for Bankruptcy as Situation is Deemed “Increasingly Complex”

Unhappy TrustBuddy

TrustBuddy jolted the peer to peer lending world as “suspected misconduct” compelled the platform to shut down operations last week.  Now the firm has publicly stated it can no longer operate in any form, forcing the company to file for bankruptcy as the situation is… Read More

Louise Beaumont Provides Perspective on TrustBuddy Collapse

Louise Beaumont

Scandalous news hit the peer to peer lending world this week as TrustBuddy revealed allegations of serious misconduct.  The malfeasance was deemed so severe that Swedish authorities immediately shut down the direct lending operation and Swedish Police were contacted to investigate if criminal activity has… Read More

TrustBuddy Loses Trust. Peer to Peer Platform Closes Following “Suspected Misconduct”, Swedish Police Contacted

Unhappy TrustBuddy

In an unsettling about face TrustBuddy, a peer to peer lending platform based in Stockholm, has shut down.  The home page has transitioned from lending platform into a public statement (republished below) in both Swedish and English explaining a series of alleged misconduct; “An investigation… Read More

Mercator Advisory Group’s Research Reveals: Peer-to-Peer Lending Platforms Revolutionizing Traditional Practices

P2P Word Cloud Boost

Mercator Advisory Group’s latest research, An Introduction to Peer-to-Peer Lending: A European Perspective analyzes the new and fast growing payments segment peer-to-peer (P2P) lending and the business models underpinning it. The report focuses on P2P lending providers in the European market, in particular the U.K., profiling the leaders… Read More

CrowdfundingHub Founder Ronald Kleverlaan: Dutch Thought Leader on Alternative Finance Benchmarking Research

Ronald Kleverlaan Quote

As reported last week in Crowdfund Insider,  The University of Cambridge has teamed up with EY, the global professional services organization, and launched the European Alternative Finance Benchmarking Survey with the support of major European industry associations. This is the largest study to date on crowdfunding, peer-to-peer lending and other… Read More

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