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Peer2Peer Finance News | July 16, 2018

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Global News

Irish P2P lender launches €150m property fund

July 5, 2018 |

IRELAND’S largest peer-to-peer lender will launch a new residential property fund worth €150m (£134m) within the next three months.

Initiative Ireland – which last year funded the country’s largest ever P2P loan – will act as the investment advisor on … Read More

Portugal’s Raize becomes first European P2P lender to go public

June 27, 2018 |

PORTUGUESE peer-to-peer lender Raize has made history by floating on the stock market.

It is the first P2P platform in Europe to go public, and marks Portugal’s first initial public offering (IPO) since 2014.

Raize – which is the biggest … Read More

US bank expands commitment to back Funding Circle loans

June 27, 2018 |

US REGIONAL lender INTRUST has expanded its partnership with Funding Circle to back loans to American small businesses.

The Kansas-based bank has already funded more than 150 loans on the US version of the Funding Circle platform following a deal … Read More

Funding Circle’s lending unlocked 75,000 jobs last year

June 13, 2018 |

LENDING through Funding Circle unlocked 75,000 jobs in the US and Europe last year, according to new research.

A report from economic forecasters Oxford Economics found that the business peer-to-peer platform lent $2.3bn (£1.7bn) to small- and medium-sized enterprises (SMEs) … Read More

SME smartphone lending set to take off

June 12, 2018 |

THE VOLUME of smartphone-based lending to small- and medium-sized enterprises (SMEs) will grow exponentially this year, according to new research from the US.

Fintech platform Kabbage predicts that 20 per cent of US dollars lent to SMEs will be via … Read More

Report reveals economic boost from US online lenders

May 31, 2018 |

FINTECH firms in the US have helped support almost $10bn (£7.5bn) of lending between 2015 and 2017, research shows.

A report on small business lending in the US, by research firm NDP Analytics, revealed fintech firms have helped generate $37.7bn in … Read More

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