Tagged: peer to peer

Online Lenders Twino and Via SMS Partner to Enter Asia Pacific Market

Twino and Via SMS, two Latvia based online lending platforms, are joining forces to enter the Asia-Pacific market, according to a release. The two companies are launching a consumer lending platform names Vamo in Vietnam as their first step in the new venture. The two… Read More

Localized Peer to Peer Lender Folk2Folk Reports Record Amount Invested via IFISA

Folk2Folk, a localized peer to peer lending platform, is reporting a “record year” regarding its Innovative Finance ISA (IFISA) offering during 2019. The company states that it accepted £10.5 million in IFISA investments, more than double that of the previous 18 months. Folk2Folk says that… Read More

goPeer Claims First Regulatory Approval to Operate Peer to Peer Lending Platform

goPeer, a peer to peer lending platform, has received regulatory approval as an exempt market dealer in both Quebec and Ontario. In Canada, financial services are regulated at the provincial level and thus most aspiring Fintechs must receive approval to operate in each province.  goPeer… Read More

Ireland: Linked Finance Now Offers 5 Year Unsecured Business Loans

Linked Finance, a peer-to-peer lending platform based in Ireland, has launched five-year unsecured business loans for Irish SMEs, according to a company release. Linked Finance will now offer unsecured loans of up to €300,000 to Irish companies “with more complex funding requirements.” The company describes… Read More

Innovate Finance Announces the Creation of 36H Group to Replace UK P2PFA, Will Represent Platforms that Accept Retail Investors

Just as it has been revealed that the UK Peer to Peer Finance Association (P2PFA) has disbanded, Innovate Finance has announced the creation of 36H Group to take its place. Innovate Finance described 36H as a “united voice for lending platforms that accept retail investments.”… Read More

Philippine Securities Commission Revokes Robocash Finance License for Operating without Certificate of Authority

The Securities and Exchange Commission (SEC) of the Philippines has stripped Robocash Finance Corp.’s authority to operate as a financing company for running several branches without the necessary license. According to the SEC, the Corporate Governance and Finance Department (CGFD) issued the order of revocation… Read More

Peer to Peer Lending Viainvest Adds Small Business Loans to its Platform

ViaInvest, a peer to peer lender based in Latvia, has added small business loans to its platform. In an email, ViaInvest states: “We are thrilled to inform you, that ViaInvest has expanded its product portfolio by listing business loans on the platform. The first loan… Read More

Robocash to Provide Path for European Investors to Invest in Singapore

Robo.cash, a European peer to peer lending platform operating within the European Union and Switzerland, is now providing a path for European investors to invest in Singapore, according to a company release. The Robocash Group reports that it has integrated its in-house P2P lending platform… Read More

An Industry in Transition: ThinCats Exits P2P Lending to Focus only on Institutional Money

Last week, P2P property lender Landbay announced it would no longer accept retail money as it moved away from the peer to peer lending model. Managing P2P investors is simply too costly for the amount of money raised. Over time, institutional money pushed out smaller… Read More

Landbay Exits P2P Lending as Institutional Money Takes Over

Yesterday in a blog post, Landbay founder and CEO John Goodall announced that his property crowdfunding platform will no longer serve as a peer to peer lender as institutional money has taken over. Landbay said that a UK bank will now handle the current retail… Read More

UK: New Peer to Peer Lending Rules Kick in on December 9th: “A Watershed Moment for P2P”

New peer to peer lending rules come into effect on Monday, December 9th. The new rules were the result of a review by the UK Financial Conduct Authority (FCA). The UK largely created the entire sector of peer to peer lending. One of the most… Read More

P2P Lender Zopa Raises £140 Million as it Nears Launch of Digital Bank

Peer to peer lending platform Zopa raised £140 million, the company’s largest funding round since launch. According to a note from Zopa, the additional capital will enable Zopa’s banking entity to “fulfill its regulatory capital requirements.” This is key to removing its current restrictions on… Read More

Peer to Peer Lending Firm Amartha Finalizes Series B Funding Round Led by LINE Ventures

Peer to peer lending firm Amartha has finalized a Series B investment round led by LINE Ventures, the venture capital division of giant messaging app LINE. The funds raised will be used to further expand Amartha’s operations to include more women and underprivileged families based… Read More

Alternative Lending Marketplace October Reveals New $110 Million Commitment from European Investment Fund and Others to Finance European SMEs

The European Investment Fund (EIF) will reportedly be renewing its support to European SME, under the “Private Credit Tailored for SMEs” program. Support will also be extended by other established institutional investors such as Bbifrance, CNP Assurances, and Zencap. A new €100 million (appr. $110… Read More

Robo.cash Survey Says Europeans More Comfortable with P2P Lending

Robo.cash, a short term consumer lender operating in multiple markets, says that consumers are becoming more confident about peer to peer lending. According to an in-house survey, 64.9% of the European P2P investors have “full confidence in P2P lending.” Additionally, 52.3% of respondents mentioned that… Read More

Online Lender TWINO Group Tops €1 billion in Originated Loans, Appoints New CEO Anastasija Oleinika as CEO

TWINO Group, a European peer to peer lending platform, has topped €1 billion in originated loans, according to a company release. Launched in Latvia in 2009, TWINO reports half of the billion Euros in lending has been issued in the past three years as the… Read More

Peer to Peer Crypto Exchange LocalBitcoins Registers with Finnish Financial Supervisory Authority

Peer-to-peer (P2P) bitcoin exchange LocalBitcoins has registered with the Finnish Financial Supervisory Authority, FIN-FSA, the financial regulatory authority of the Finnish government. Earlier this month, Crowdfund Insider reported that five different virtual asset service providers (VASPs) had been approved and LocalBitcoins was in the mix… Read More

Report: P2P Lender Zopa Nears Launch of Digital Bank Offshoot in the United Kingdom

Zopa, a peer-to-peer (P2P) money lending platform that allows borrowers and lenders to deal directly with each other (cutting out the banks who serve as intermediaries), is nearing the launch of its new digital bank offshoot in the United Kingdom. The company will conduct a… Read More

Kapital Boost Receives Regulatory Approval in Indonesia to Provide P2P Crowdfunding for SMEs

Kapital Boost, an Islamic peer-to-peer crowdfunding platform for SMEs, has received regulatory approval from the Indonesian Financial Services Authority (OJK). Kapital Boost described the approval as “validation that its business model and processes are in accordance with Indonesia’s financial services regulatory requirements, which has gotten… Read More

Landbay Says October Was Record Month

Fast-growing Fintech Landbay says October was a great month for the real estate peer to peer lending platform. Without providing any details, Landbay tweeted out the news. Earlier this year, Landbay reported that a “leading financial institution” had committed to funding £1 billion in buy… Read More

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