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Peer2Peer Finance News | June 22, 2017

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Global News

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

Bitbond secures £4.2m to fund SME loans

May 10, 2017 |

GLOBAL bitcoin peer-to-peer lending platform Bitbond has received a €5m (£4.2m) commitment from Obotritia Capital to fund small- and medium-sized enterprise (SME) loans.

The Potsdam-based investment firm, which usually channels its funds into German commercial real estate, has also bought … Read More

RateSetter welcomes Australian banking reforms

May 9, 2017 |

RATESETTER’S Australian division has welcomed the country’s banking reforms unveiled in the Federal Budget on Tuesday.

Changes imposed in the major fiscal event include a bumper levy on the country’s biggest banks, an “open banking” scheme to give customers greater … Read More

RateSetter: Millennials are driving P2P growth in Australia

April 27, 2017 |

MILLENNIALS represent the largest retail investor group in the peer-to-peer lending market in Australia and will drive the sector’s growth, according to new research from RateSetter.

The London-headquartered P2P platform, which launched its Australian division to the public in 2014, … Read More