Tagged: p2p lending

Robocash Claims P2P Lending Market Is an Attractive Investment Diversification Option, but Sector has Struggled due to COVID

Robo.cash, a peer to peer (P2P) lending marketplace, recently discussed which investments may be “advantageous” during the COVID-19 pandemic. The P2P lender noted in a blog post that COVID, which began spreading in Europe in March and April 2020, led to “unrest” among P2P investors…. Read More

UK Peer to Peer Lender JustUs to Begin Providing P2P Owner-Occupied Residential Mortgages in 2021

Lee Birkett, Founder at UK-based JustUs, a peer to peer (P2P) lender, has stated that the platform will begin providing P2P owner-occupied residential mortgages (starting in 2021). These mortgages will be available either with or without an exemption from the UK government. Birkett noted that… Read More

Funding Societies’ Direct Lending Entity Approved to Become Participating Finance Institution

Singapore based peer to peer finance platform Funding Societies notes that after several years of laying the groundwork with ESG, they’re proud to confirm that their direct lending entity, FS Capital Pte Ltd (which is part of Funding Societies), was approved in October 2020 to… Read More

Latvian P2P Lender Grupeer Claims It’s Still Working with Debt Collection Partners to Ensure Repayments

Latvia-based peer to peer (P2P) lender Grupeer noted on November 5, 2020, that it would like to inform its users about the different actions it has taken (as a company) to meet its obligations towards platform investors. Grupeer’s management stated in a blog post that… Read More

Fintech Lending in Indonesia Might Not be Able to Fully Support Participation from Retail Investors

LendingClub (NYSE:LC) recently filed an 8-K with the US Securities and Exchange Commission (SEC) indicating its intent to stop offering retail notes by the end of the year. The leading marketplace lender in the US started as a peer to peer lender but over the… Read More

P2P Lender Robo.cash Provides Updates on Performance of its Loan Originators, May Launch Operations in Sri Lanka

Robo.cash, a peer to peer (P2P) lending marketplace, has provided an update on the performance of its loan originators in Q3 2020. The Robo.cash team revealed that its Spanish loan originator, Prestamer.es, has managed to record “one of the best results in the whole group.”… Read More

CapitalStackers, a P2P Lender focused on Real Estate Finance, Invests Outside its Normal Corridor of Expertise, Works with New Senior Lender

Steve Robson, MD at CapitalStackers, a UK-based peer to peer (P2P) lending platform focused on real estate finance, notes that they’re working with a new borrower, a new location, and also a new bank. The company states in a blog post: “A highly attractive scheme… Read More

UK based P2P Lender RateSetter Is Reportedly Struggling to Process Withdrawal Requests from Investors

An investor has reportedly been attempting to get her funds out of one of the UK’s largest peer to peer (P2P) lending platforms, RateSetter, since August 2020. According to a report from the Guardian, the investor (Michelle Johnson) was told by RateSetter’s management that her… Read More

Latvian P2P Lender Grupeer Confirms that Recollecta has Taken Over its Debt Collection, Management of Repayment Process

Latvia-based peer to peer (P2P) lender Grupeer noted on October 7, 2020 that Recollecta has taken over its debt collection and management of the repayment process. This should help speed up repayments to the platform’s investors, the lender claims. The Grupeer team confirmed that they… Read More

Experienced Dutch Lender Discusses his Long-Term Investment Strategy when Investing via P2P Platform October

October, a top European online lender, recently raised €258 million to lend to European SMEs. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. The lending platforms management noted in a blog post that its lenders… Read More

Financial Inclusion Rate in Indonesia Reaches Record Highs, but Over 2,500 Illegal Fintech Businesses have been Shut Down

The role of Fintech platforms and services in supporting public services in Indonesia has become more prominent and relevant due to the global COVID-19 outbreak. Fintech service providers are now offering more digital payments options which allow Indonesians to pay for everyday expenses, instead of… Read More

Indonesian Fintech Lenders Association Establishes Task Force to Help P2P Lending Firms Deal with Rising Number of Bad Loans

The Indonesian Fintech Lenders Association (AFPI) has reportedly decided to establish a special task force to assist peer-to-peer (P2P) Fintech companies with the significant increase in bad loans – which may have resulted from the socioeconomic challenges created due to the Coronavirus crisis. Adrian Gunadi,… Read More

Fintech Lenders in Indonesia to Support Government with Disbursing Loans to SMEs as Part of COVID Relief Effort

Asosiasi Fintech Pendanaan Bersama Indonesia (AFPI), which is an association of 156 Fintech lenders, is reportedly planning to work cooperatively with the Indonesian government to distribute funds that are meant to offset the economic problems and challenges created due to COVID-19. As of September 2020,… Read More

UK P2P Lender JustUs Begins Taking Applications for Small Business Interruption Loan Service or SBILS

JustUs, a UK-based peer to peer (P2P) lender, has reportedly started taking applications for the Small Business Interruption Loan Service (SBILS) in order to offer funding for companies that might not have been able to acquire financial assistance via the Coronavirus Business Interruption Loan Scheme… Read More

Authorities Order Latvian P2P Lender Grupeer to Stop Issuing Statements About Its Business, After it Paused Activity in April due to COVID

Latvia-based peer to peer (P2P) lender Grupeer noted on August 31, 2020, that it had provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team had confirmed that, as its clients already know, since April… Read More

UK’s P2P Lender Folk2Folk Remains Confident it will Be Approved to Issue Loans Under CBILS Scheme

UK-based Folk2Folk, a peer to peer lender supporting local and rural businesses, has confirmed that it’s still confident that it will be approved to begin lending under the country’s Coronavirus Business Interruption Loan Scheme (CBILS), even though the application deadline will come at the end… Read More

Consumer Lender Plenti, which Rebranded from RateSetter Australia, Reportedly Planning to Raise AUD 55 Million via IPO

Plenti, a consumer lending platform (previously known as RateSetter Australia), has announced that it will carry out an initial public offering (IPO), in order to secure AUD 55 million in capital. Plenti’s management noted that they’ll offer 33.1 million shares at the rate of $1.66… Read More

UK based P2P Lender RateSetter Wins Award for “Best Loan Provider,” After it Struggled to Maintain Operations and was Acquired by Metro Bank

RateSetter, a leading UK based peer to peer (P2P) lender that was recently acquired by Metro Bank, has confirmed that it won the award for “Best Loan Provider” for loans of £2,500 or more at the Consumer Credit Awards for 2020. The Consumer Credit Awards… Read More

Latvia’s P2P Lender Grupeer Provides Update Regarding Current Repayment Status and Debt Collection Processes

Latvia-based peer to peer (P2P) lender Grupeer has provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team noted that, as its clients already know, since April 2020, the lender had suspended its “economic activity.”… Read More

Tokopedia Introduces P2P Lending Platform, As Indonesian Government Investigates How Millions of Company’s Customer Data Records were Compromised

Indonesia based Tokopedia, an e-commerce marketplace that had announced a $1.5 billion funding round from Softbank, Alibaba, Temasek back in January 2020, has introduced Dhanapala, a standalone or independent peer to peer (P2P) Fintech lending platform. The Dhanapala app is currently available for download to… Read More

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