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Peer2Peer Finance News | July 23, 2017

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Global News

Initiative Ireland to launch P2P property syndicate loans

July 19, 2017 |

AN IRISH peer-to-peer property platform aiming to help fund the construction of 250 new homes over 18 months is set for launch in September.

Founded by Padraig Rushe, Initiative Ireland is setting up syndicates of loans for P2P lenders to … Read More

TWINO becomes Europe’s first P2P lender to Kazakhstan

July 6, 2017 |

TWINO has started offering Kazakhstan-based loans to investors, becoming the first European lending platform to offer peer-to-peer investment in the Central European country.

The short-term consumer loans will offer an average yield of 11 per cent per year and benefit … Read More

Funding Circle US strengthens senior team with two new hires

June 29, 2017 |

FUNDING Circle’s US division has bolstered its senior team with two new hires, to help drive the peer-to-peer lender’s growth in that country’s market.

The London-headquartered firm named Joanna Karger as US head of capital markets and Richard Stephenson as US chief compliance officer.

Karger has … Read More

BNI Europa agrees funding deal with Portuguese lender Raize

May 30, 2017 |

BNI EUROPA, the Portuguese online bank that recently agreed a long-term funding deal with MarketInvoice, has signed a similar agreement with Portugal’s largest peer-to-peer lender Raize.

The challenger bank is planning to invest €10m (£8.7m) over a two-year period, which … Read More

LendingClub’s Laplanche must face shareholder lawsuit

May 26, 2017 |

LENDINGCLUB founder Renaud Laplanche’s efforts to dismiss shareholder lawsuits have been rejected by a federal judge.

Investors in the US peer-to-peer lending giant had accused the former chief executive of concealing material weaknesses in LendingClub’s ability to monitor its operations, … Read More

RateSetter Australia launches green loan marketplace

May 26, 2017 |

RATESETTER has launched Australia’s first green loan marketplace, with AUS$20m (£15.5m) of seed capital from the Clean Energy Finance Corporation (CEFC).

The move from the peer-to-peer platform, which it expects will attract “thousands” of investors and lay the groundwork for … Read More

EstateGuru investors have now earned more than €1m

May 23, 2017 |

ESTATEGURU’S investors have earned more than €1m (£865m) through the platform to date, the peer-to-peer lender announced on Tuesday.

The platform, which specialises in financing secured business loans in the three Baltic states, is open to any investor who has … Read More

DoFinance opens for P2P investors in Asia

May 17, 2017 |

PAYDAY loans peer-to-peer lender DoFinance is expanding into Asia.

The platform lets investors back payday loans originated by the lender’s parent company Alfa Finance in Poland, Latvia, Georgia and Indonesia.

It was previously only available to European investors but is … Read More

Lending Club names ex-PayPal exec Steve Allocca as president

May 16, 2017 |

LENDING Club has hired Steve Allocca (pictured) as its new president.

The US peer-to-peer lending giant, which is slowly rising out of the ashes of last year’s corporate governance scandal, said that Allocca would lead the company’s efforts to expand … Read More

UK and Hong Kong regulators agree fintech co-operation

May 12, 2017 |

THE FINANCIAL Conduct Authority (FCA) has entered into a co-operation agreement with the Securities and Futures Commission (SFC) in Hong Kong to boost collaboration on fintech innovation.

Under the agreement, the two regulators will share information and refer innovative … Read More