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Peer2Peer Finance News | May 24, 2018

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Global News

RateSetter Australia extends green deal

May 21, 2018 |

RATESETTER Australia has announced an 18-month extension to its  green loan marketplace.

The UK peer-to-peer lender’s Australian subsidiary is working with the Australian government’s Clean Energy Finance Corporation (CEFC) to bring clean energy borrowers and investors together.

The marketplace was … Read More

Victory Park Capital joins Marketplace Lending Association

May 16, 2018 |

VICTORY Park Capital (VPC) has joined US industry body the Marketplace Lending Association (MLA).

VPC, which manages the London-listed alternative finance fund VPC Specialty Lending, has joined as an associate and investor council member along with Laurel Road, Education Loan … Read More

Lending continues to rise Down Under for RateSetter Australia

April 24, 2018 |

PEER-TO-PEER lending platform RateSetter continues to pass lending milestones in Australia as its loanbook reached A$250m (£136.5m).

The firm, which is the only Australian P2P lender open to retail investors, also announced that it now has more than 10,000 registered … Read More

Lendahand Ethex looks to UK crowdfunding for African solar projects

April 10, 2018 |

LENDAHAND Ethex, the positive impact investing platform, is set to bring more African solar projects to the UK crowdfunding market.

Lendahand has teamed up with utility company BBBOX for the new Energise Africa partnership.

The initiative aims to raise £2.5m … Read More

Funding Circle continues US expansion with new Denver office

April 4, 2018 |

FUNDING Circle is continuing its US expansion with the opening of a new office in Denver, Colorado.

The peer-to-peer lending platform said it is aiming to hire about 290 new employees over the next two years to support its growth … Read More

US platform Prosper lent out £2bn in 2017

March 26, 2018 |

US PEER-TO-PEER lending giant Prosper reported a 31 per cent rise in loan originations to $2.88bn (£2.02bn) in 2017, while its net losses narrowed slightly to $115m.

The consumer loans platform said in its full-year results on Monday that it had … Read More

Funding Circle US names PayPal exec as managing director

March 13, 2018 |

FUNDING Circle’s US division has named PayPal executive Bernardo Martinez as its new managing director.

Martinez, who was previously head of US small business lending at the online payments giant, replaces Sam Hodges, who will become chairman of Funding Circle US.

Prior … Read More

Europe looks to take fintech crown with pan-EU crowdfunding rules

March 8, 2018 |

THE EUROPEAN Commission has proposed a draft law to enable crowdfunding platforms to access customers across the EU, as the bloc looks to become a global hub for fintech.

The executive arm of the EU revealed an action plan on Thursday … Read More loan book hits £2.5m in first year

March 6, 2018 |

LATVIAN peer-to-peer payday loans platform has grown its loan book to €3m (£2.6m) in its first year of operation.

The platform, which provides short-term loans to borrowers in Kazakhstan and Spain, announced on Tuesday it has attracted 2,000 investors … Read More

UK helps drive global VC fintech investment to a record high

February 28, 2018 |

INVESTMENT in fintech ventures reached another all-time high in 2017, buoyed by a surge in funding for start-ups in the UK, US and India, research reveals.

The analysis by professional services company Accenture found global fintech financing rose 18 per cent … Read More