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Peer2Peer Finance News | January 18, 2019

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Global News

Crowdfunding platform launches to support development projects

January 18, 2019 |

A GLOBAL crowdfunding platform has launched to support international development projects.

IsDB Innovate was developed for the Islamic Development bank and went live in December, to raise money for science, technology and innovation projects that are aiming to solve the … Read More doubles new investors in 2018

January 15, 2019 |

LATVIAN peer-to-peer lending platform has reported that it doubled its investor base in 2018 as it expanded its product range and scaled up its lending.

The P2P payday lender said the total volume of investments on its platform hit … Read More

Flender halts cross-border lending as Brexit bites

January 4, 2019 |

DUBLIN-BASED peer-to-peer lender Flender has stopped offering loans to Irish businesses which have cross-border exposure, as the UK continues to work out the details of its exit from the EU.

Amid ongoing uncertainty over Brexit, Jeremy Davies-Betancourt, Flender’s co-founder and … Read More

Varengold ramps up focus on online lending partnerships

December 18, 2018 |

VARENGOLD Bank has unveiled its new strategy and rebranded website, as it focuses on developing more partnerships with online lending platforms.

The German bank, which has funding agreements with a number of peer-to-peer lenders including the UK’s MarketInvoice, said that … Read More

European crowdfunding trade body backs EU-wide sector regulation

December 17, 2018 |

THE EUROPEAN trade body for crowdfunding, which counts Funding Circle among its members, has underlined its support for EU-wide regulation of the sector.

The European Crowdfunding Network has published an open letter detailing its views on the European Commission’s proposals.

Read More

New peer-to-peer property lender to launch in Ireland

December 17, 2018 |

A NEW peer-to-peer lender is set to launch in Ireland that will fund loans to the construction sector.

Intravia Capital will originate loans ranging between €150,000 (£135,000) and €5m for property developers in Ireland.

Investors can choose the development they … Read More

Robocash partners with Inditrade to offer loans in India

December 11, 2018 |

ROBOCASH Group, which owns the European peer-to-peer lender, has teamed up with Inditrade Capital to launch a personal loans platform in India.

The new alternative finance provider, called Inditrade-Robocash, will offer short-term loans to people living in India ranging from £110 … Read More

Credit conditions increasingly challenging for borrowers, warns S&P

December 6, 2018 |

CREDIT conditions are tightening across the world due to trade tensions, higher borrowing costs and signs of a slowdown in economic growth, according to a new report from Standard & Poor’s.

The ratings agency has warned that “the risk of … Read More

ECB board member calls for regulatory crackdown on shadow banking

December 4, 2018 |

NON-BANK financing is posing a risk to financial stability in the Eurozone and needs to be better regulated, a central banker has said.

Dutch economist Klaas Knot, who is a board member of the European Central Bank, has said that the … Read More

Lithuanian P2P platform NEO Finance passes crowdfunding target

November 21, 2018 |

LITHUANIAN peer-to-peer lender NEO Finance has passed its target on equity crowdfunding platform Seedrs.

NEO Finance launched its campaign in October aiming to raise €200,000 (£178,000).

It has now raised €205,730 from almost 350 investors.

NEO Finance, which was founded … Read More