Tagged: peer-to-peer lending

UK-based RateSetter, a Peer to Peer Lender, Says it’s Still Lending, but at a “Much-Reduced Level” Following COVID-19 Outbreak

Michael Hoare, chief credit officer at UK-based RateSetter, a leading peer to peer (P2P) lender,  recently explained what impact the Coronavirus (COVID-19) pandemic could have on the lending market and what it might mean for credit risk. Hoare is tasked with overseeing the management of… Read More

Indonesia’s Peer to Peer Lending Platforms Receive Numerous Debt Restructuring Requests Following COVID-19 Outbreak

Economic activity in Indonesia has slowed down significantly following the deadly Coronavirus (COVID-19) outbreak. According to local reports, some businesses in the trillion-dollar economy have shut down completely. Peer to peer (P2P) lending platforms are also experiencing major challenges, which include having to deal with… Read More

Robo.cash Says Coronavirus Pandemic Causing Minor Impact for P2P Investors

Robo.cash, a peer to peer lending platform operating in multiple jurisdictions, has distributed a note indicating that the Coronavirus pandemic (COVID-19) is not impacting P2P investors. Robo.cash states that while global financial markets experience extreme levels of volatility, European P2P investors continue to invest with… Read More

Update: ElfinMarket Set to Close Seedrs Round With More Than £700,000 Secured

UK-based peer-to-peer lending startup Elfin Market is set to close its equity crowdfunding campaign on Seedrs with more than £700,000 secured. The funding round was launched in January and quickly surpassed its initial £400,000 funding target. Elfin is currently offering 5.80% in equity through the… Read More

Peer to Peer Lending Platform LenDenClub Teams Up with Singapore’s CredoLab to Offer AI-based Credit Scoring System

LenDenClub, a peer-to-peer (P2P) lending solution provider, has teamed up with Singapore-headquartered CredoLab, an established developer of bank-grade online credit scorecards, which are based on mobile phone metadata.  LenDenClub has integrated CredoLab’s credit scoring system, called CredoSDK. The credit system will help the firm in… Read More

Robo.cash Milestone: European P2P Platform Has Attracted 10,000 Investors

European peer to peer lender Robo.cash announced on Monday it now has 10,000 investors on its platform. Founded in 2017, Robo.cash describes itself as a fully automated investment platform operating within an international financial group comprising loan originators from Spain, Russia, Kazakhstan, Indonesia, Vietnam, and… Read More

DeFi: Decentralized Finance Platform Compound’s Developers Reveal Results of Stress Tests Under Extreme Market Conditions

The developers of Compound, a decentralized Ethereum-based lending protocol that forms part of the nearly $1 billion (at current valuations) DeFi ecosystem, had commissioned a stress test, which now reveals that the platform will be able to scale its total borrowed ETH value by 10x… Read More

Overfunding: Peer-to-Peer Lending Startup Elfin Market Quickly Secures £400,000 Funding Target Through Seedrs Campaign

Less than a week after launching its equity crowdfunding campaign on Seedrs, UK-based peer-to-peer lending startup Elfin Market successfully secured its initial 400,000 funding target. The campaign so far has attracted more than 125 Seedrs investors. As previously reported, Elfin claims to be the world’s… Read More

UK Peer-to-Peer Lending Startup Elfin Market Now Seeking £400,000 Through Seedrs Funding Round

Elfin, a UK-based peer-to-peer lending startup, is now seeking £400,000 through its equity crowdfunding campaign on Seedrs. Founded in 2016, Elfin claims to be the world’s first peer-to-peer lending platform where borrowers get a line of credit that they may draw upon as often as… Read More

Brian Kerr: Kava Labs CEO Explains How the Rise of Fintech Has Enabled Decentralized Finance

Brian Kerr, co-founder and CEO at San Francisco-based Kava Labs, a venture-backed firm working on improving payments systems by leveraging blockchain technology, recently shared his views and insights with Crowdfund Insider. Kerr, a business administration and marketing graduate from San Francisco State University,  explained how… Read More

Funding Circle to Update Lending Process for UK Retail Investors

Funding Circle (LSE:FCH) has announced updates to the lending experience for retail investors in the UK. According to a blog post, on 2 December, the company will launch a new selling tool that is expected to improve retail lenders’ ability to access funds more regularly… Read More

CrowdProperty Announces Lending Product For New Construction Methods

Peer to peer property lender CrowdProperty has unveiled a new lending product specially for new construction methods.  According to P2PFinanceNews, the lending platform is offering a new product, Modern Methods of Construction (MMC) Finance, which will cover building with alternative materials including modular, structural insulated… Read More

Report: Factors Influencing Malaysian Investors to Invest in Peer to Peer Lending Platforms

The Asian Development Bank (ADB), which aims to support social and economic development in Asia, has published a working paper series in which it noted the intention to make investments in decentralized lending platforms in Malaysia is primarily driven by “trust.” The paper points out… Read More

Hexindai Announces Changes to Management

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it has made some changes to its management team. Hexindai reported that Johnson Qisen Zhang, the online lender’s CFO, has departed from the company and Kerrie Rui Zhang has replaced Johnson as Hexindai’s new CFO. … Read More

BondMason Reportedly Is Shutting Down P2P Business

BondMason, an online savings and investments platform that sources investments from across the peer-to-peer (P2P) market for its clients, has reportedly announced it is officially shutting down its P2P lending business. Launched in 2015, BondMason claims it makes it easier for investors to target gross… Read More

RateSetter Announces 2017-18 Revenue Growth of 47%

UK based peer-to-peer lender RateSetter announced last week the results of its 2017-2018 financial year, which ended on March 31, 2018. The lending platform reported that revenues were up by 47% (which was £34.3 million) from the previous year (£23.4 million). The company noted that the… Read More

Overfunding: Lithuanian P2P Lender NEO Finance Surpasses €200,000 Funding Target on Seedrs

NEO Finance, a Lithuania-based peer-to-peer lending platform, has successfully secured its initial €200,000 equity crowdfunding target on Seedrs. The campaign was launched last month and has attracted nearly 340 investors so far. As previously reported, NEO Finance was founded in 2015 and claims to be the largest… Read More

Lithuanian P2P Lender NEO Finance Now Seeking €200,000 Through Seedrs Funding Round

NEO Finance, a Lithuania-based peer-to-peer lending platform, is now seeking €200,000 through UK’s equity crowdfunding platform, Seedrs. Founded in 2015, NEO Finance claims to be the largest P2P lending platform in Lithuania and is operating under the name, Paskolų klubas. The lender noted it offers investors… Read More

CrowdProperty Milestone: Funds 50th Project

Peer to peer property lender CrowdProperty announced on  Thursday it has funded its 50th project. The latest milestone comes just a little over a month after CrowdProperty surpassed £20 million in funding for property projects. The 50th project raised £867,000 for a 24-bedroom House of Multiple Occupation… Read More

Overfunding: Crowdstacker Surpasses £800,000 Funding Target During the Final Days on Seedrs

Just days before its latest Seedrs funding round is set to close, Crowdstacker, a UK-based peer-to-peer lending platform, has successfully secured its initial 800,000 funding target from nearly 350 investors. As previously reported, Crowdstacker was founded in 2014 and describes itself as an award-winning FCA regulated online… Read More

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