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Peer2Peer Finance News | January 17, 2018

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Funding Circle US partners with Kansas’s Intrust Bank

January 4, 2018 |

FUNDING Circle’s US division has unveiled a strategic partnership with Intrust Bank, a regional lender based in Kansas.

The peer-to-peer business finance provider, which has lent out more than $5bn (£3.69bn) globally, said on Thursday that the partnership will be … Read More

Funding Circle hits €100m lending milestone in Germany

December 18, 2017 |

FUNDING Circle has hit the €100m (£88.2m) loans milestone in Germany just two years after launch in the country.

The business lending platform says 3,000 investors have backed 1,100 German businesses and created more than 2,000 jobs since 2015.

The … Read More

RateSetter hits $200m lending milestone in Australia

December 12, 2017 |

PEER-TO-PEER lending platform RateSetter has hit a cumulative lending milestone in Australia, having facilitated loans totalling A$200m (£114m).

The firm, which is the only Australian peer-to-peer lender open to retail investors, has doubled lending volumes in just over six months.

Read More

New Zealand regulator releases first annual P2P data

November 28, 2017 |

PEER-TO-PEER lenders in New Zealand lent out NZ$151.5m (£79m) in the 12 months to 30 June 2017, according to data from the country’s financial regulator.

NZ$120m was borrowed by individuals and $31.5m by businesses, the Financial Markets Authority (FMA) said, in its first … Read More

LendingClub sends shares down after lowering revenue forecasts

November 8, 2017 |

LENDINGCLUB has seen its share price plummet 20 per cent after lowering its revenue forecast and announcing a change in its approach to borrowers.

The US peer-to-peer lending giant reported the highest revenue in the company’s history for the third … Read More

Lending Loop invests in Canadian board game cafe chain

October 17, 2017 |

LENDING Loop, a Canadian peer-to-peer lending platform, has agreed to finance Snakes & Lattes, a cafe chain where people can play and buy board games.

Amfil Technologies, which owns Snakes & Lattes, said on Tuesday that the financing will be … Read More

Ireland’s Linked Finance raises £1.8m to fund expansion plans

October 12, 2017 |

IRISH peer-to-peer lender Linked Finance has raised €2m (£1.79m) in an equity fundraising to support its expansion plans.

The funding round was led by the company’s original backers, venture capital firm Frontline Ventures. In addition, 28 individual investors who are … Read More

Ryanair’s Cawley named chairman of Linked Finance

September 25, 2017 |

IRISH peer-to-peer lender Linked Finance has appointed Michael Cawley as chairman.

Cawley, the former deputy chief executive of budget airline Ryanair, will replace Kingsley Aikins, who will remain on the board as a non-executive director.

Cawley told the Irish edition … Read More

RateSetter Australia toasts A$10.5m fundraising

September 25, 2017 |

A CAPITAL raising worth A$10.5m (£6.18m) has been completed by RateSetter Australia.

The investment round into RateSetter, which is now the largest peer-to-peer lender in Australia, was led by Five V Capital, with support from existing shareholders and other professional … Read More

Fintech a priority for European Commission in supervision reforms

September 21, 2017 |

THE EUROPEAN Commission has promised to “prioritise fintech” in its proposals to revamp its financial supervision strategy.

According to the Commission, the reforms will lead to further financial integration and a full Capital Markets Union, promoting jobs, growth and investments … Read More