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Peer2Peer Finance News | March 26, 2019

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Global News

Philippines becomes biggest P2P lending market for

March 25, 2019 |

ROBO.CASH investors have backed €2.4m (£2m) of loans in the Philippines in the first three months since the peer-to-peer lender launched a partnership in the country.

The Latvia-based P2P platform began providing short-term loans in the Philippines in December 2018 … Read More

Irish altfi lender challenges big banks in mortgage market

March 19, 2019 |

ONE of Ireland’s largest alternative lenders has made its first foray into the residential mortgage market in a move to compete with the country’s big retail banks.

Finance Ireland has introduced its own residential mortgage products after buying the Pepper … Read More

Can Funding Circle crack the Canadian P2P market?

March 18, 2019 |

FUNDING Circle revealed in its latest annual results that it is planning to expand its peer-to-peer lending activities into Canada.

The P2P business lender is already well versed in entering new international markets, but will Canada pose its own challenges?

Read More

Funding Circle US hits $2bn milestone

March 1, 2019 |

FUNDING Circle’s US business has hit the $2bn (£1.5bn) lending milestone, which it says puts it ahead of the majority of mainstream lenders in the country.

The peer-to-peer business lender said it has more US small business loans outstanding than … Read More

China makes raft of arrests and seizes £1.2bn in P2P crackdown

February 18, 2019 |

THE Chinese authorities have arrested 62 suspects abroad and seized $1.5bn (£1.2bn) in assets from peer-to-peer platforms accused of illegal fundraising.

Around 380 P2P platforms have had assets confiscated since June in a crackdown on fraud in the space.

China’s … Read More

UK fintech investment hits record level

February 12, 2019 |

INVESTMENT in UK fintech has hit record levels, keeping the UK in the top three globally for venture capital investment into the sector, behind China and the US.

$3.3bn (£2.6bn) was invested into the UK’s fintech industry in 2018, an … Read More

Fellow Finance breaks lending record in January

February 5, 2019 |

FELLOW Finance, the Nordic crowdfunding and peer-to-peer lending platform, financed a record €18.5m (£16.2m) of loans in January.

The platform, which recently floated on the First North Finland Market, has cumulatively lent out more than €379m and boasts more than 11,000 investors.

Read More

Funding Options launches in the Netherlands via ING Bank

February 4, 2019 |

UK-BASED finance marketplace Funding Options has officially launched in the Netherlands, four months after Dutch bank ING took a £5m stake in the firm.

In an agreement which mirrors the UK’s Bank Referral Scheme, Funding Options will be introduced to … Read More

Funding Circle US partners with payment firm Stripe

January 23, 2019 |

FUNDING Circle’s US division has become a partner of payment platform Stripe, giving it access to more business borrowers.

The peer-to-peer business lender now enables Stripe customers to import their data directly and securely to apply for a business loan … Read More

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