Tagged: p2p lending

October 16, 2021 @ 7:08 pm By Omar Faridi  |  

KrediFazz, a subsidiary of FinAccel that operates as a P2P lending Fintech, has been issued a business license from the Financial Services Authority (OJK) via the Decree of the OJK Board of Commissioners Number: KEP-81 /D.05/2021, dated August 24, 2021. KrediFazz, a Fintech firm with… Read More

October 16, 2021 @ 10:26 am By Omar Faridi  |  

During the market recovery following the Coronavirus crisis, European peer-to-peer platforms that emerged by 2017 have managed to rebound “at above-market growth rate,” according to a report from Robo.cash. The Croatian P2P lender noted that “calm upward trend is supported by a 2% increase in… Read More

October 11, 2021 @ 7:14 am By Omar Faridi  |  

European P2P lending service provider Bondora reveals that September 2021 was a huge month for their platform. The company celebrated an “unprecedented” new recovery record, “investments soared, and origination growth bounced back,” the Bondora team wrote in a blog post. They also mentioned that “after… Read More

October 11, 2021 @ 7:10 am By Omar Faridi  |  

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that so far this year, they have funded the construction of 164 residential units, which is reportedly a mix of flats, houses and HMO units. As noted in a blog post by Blend Network,… Read More

October 5, 2021 @ 8:13 am By Omar Faridi  |  

European P2P investors have been shifting their focus to diversification. The analysts of the European investment platform Robo.cash stated that the volume of investment in long-term loans on the platform “is 21% higher than the investment in short-term.” Meanwhile, 32% of customers “diversify their portfolio… Read More

October 5, 2021 @ 7:48 am By Omar Faridi  |  

European P2P lender Mintos has released Risk Score updates for the month of October 2021. As mentioned in a blog post by Mintos, dated October 4, 2021, the latest Mintos Risk Score updates “based on developments and data from the second quarter of 2021 are… Read More

September 27, 2021 @ 9:52 am By Omar Faridi  |  

European P2P lending platform Bondora reveals that the number of loans recovered and the amount of cash recovered from missed or skipped payments “jumped higher in August.” This is the opposite of the trend observed in the month of July 2021, which saw these two… Read More

September 25, 2021 @ 10:55 am By Omar Faridi  |  

The peer-to-peer (P2P) market volumes for the first 8 months of this year are comparable to the GDP of the Maldives and Fiji, according to an update from Croatian P2P lender Robo.cash. The number of P2P investors is reportedly greater than the population of 52… Read More

September 25, 2021 @ 10:52 am By Omar Faridi  |  

UK-based P2P lending platform Blend Network reports that annual house price growth in the country surged to 11.0% in July 2021 from around 10.5% in June 2021. This, according to the updated figures from the Nationwide House Price Index. In MoM terms, house prices increased… Read More

September 20, 2021 @ 9:53 am By Omar Faridi  |  

The Bondora secondary market experienced a “complete trend reversal” in August 2021. The European P2P lender reveals that there was a substantial 107.9% growth when compared to the month of July 2021. This growth equates to “a total of €338,235 being transacted on the Secondary… Read More

September 16, 2021 @ 2:26 pm By Omar Faridi  |  

Prosper, a marketplace lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared its Performance Update Report for the month of August 2021. As noted in the report prepared by Haiyan Huang from Prosper, dated September 15,… Read More

September 13, 2021 @ 3:11 pm By Omar Faridi  |  

Hoard Exchange, which aims to facilitate “true ownership” of virtual game assets on Ethereum,  is a fast-growing non-fungible token (NFTs) marketplace that was introduced back in 2018. The platform was initially developed as a reliable blockchain or distributed ledger tech (DLT) network. The community members… Read More

September 12, 2021 @ 11:28 pm By Omar Faridi  |  

UK’s MarketFinance, one of the largest P2P invoice financing platforms, notes that if you’re a regular “around these parts,” then you’ll have most likely seen their “flex loans” cropping up quite often. As explained by MarketFinance, flex loans give small businesses fast and “flexible access”… Read More

September 12, 2021 @ 9:34 pm By Omar Faridi  |  

UK-based Kuflink, a platform that connects borrowers with lenders, by providing a steady flow of accessible finance and competitive interest rates, reveals that new features have been added for September 2021. The Kuflink technology team continued to work to bring updated features for September 2021… Read More

September 12, 2021 @ 11:47 am By Omar Faridi  |  

European P2P lending service Bondora reveals that during the month of August 2021, there were 2,155 new investors that joined their platform, bringing the total number of investors to 172,809 individuals. More than €472M has now been invested via Bondora, and investors have earned over… Read More

September 7, 2021 @ 8:36 am By Omar Faridi  |  

European P2P lender Mintos reveals that it has reached another key milestone with EUR 7 billion of loans now funded via its platform. The Mintos team writes in a blog post, dated September 6, 2021, that it’s been a year of milestones for them, and… Read More

September 5, 2021 @ 5:21 pm By Omar Faridi  |  

During this month’s installment of “Did you know” by P2P lender Blend Network, they’re sharing some of the “secrets” of their due diligence and underwriting process so that you get to know more about the processes they go through to “ensure that you and hundreds… Read More

September 5, 2021 @ 9:13 am By Omar Faridi  |  

Lending platform RateSetter’s pre-tax losses have reportedly doubled in its last year operating as a P2P lending platform. This, according to the service provider’s annual accounts. The consumer lending business, which has been acquired by Metro Bank, noted that it recorded a £22.3 million lost… Read More

August 29, 2021 @ 11:34 pm By Omar Faridi  |  

European P2P lender Bondora reveals that returns are holding steady. Investor returns via the platform for 2021 originations were “higher in July compared to June,” the company noted in a recent update. Here are the key takeaways for July 2021’s portfolio performance (as shared by… Read More

August 29, 2021 @ 10:06 pm By Omar Faridi  |  

Lucie Martin, Relationship Director at Assetz Capital, a marketplace lending platform originating secured loans, reveals that she joined the company in November 2019. Martin shared in a blog post by Assetz Capital that she provides term and developments loans to borrowers across Scotland. While commenting… Read More