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Peer2Peer Finance News | November 25, 2017

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marketplace lending

Victory Park Capital sells Funding Circle US and Upstart loans

May 26, 2017 |

VICTORY Park Capital (VPC) Specialty Lending Investments has announced that it has sold the majority of its Funding Circle US and Upstart marketplace loans.

The London-listed investment trust said that the loans sold represented 3.65 per cent and 1.48 per … Read More

Victory Park Capital winds down P2P portfolio after major writedowns

November 29, 2016 |

VICTORY Park Capital (VPC) Specialty Lending Investments is winding down its peer-to-peer lending portfolio, after losses triggered substantial writedowns last month.

The London-listed fund, which makes P2P and balance sheet investments, said on Tuesday that its revenue return (including income) … Read More

Lending Club still in the red as scandal takes its toll

November 7, 2016 |

LENDING Club posted a third-quarter loss of $36.5m (£29.4m), as the high-profile scandal that led to the departure of its founder continues to hammer the firm’s balance sheet.

The US peer-to-peer lender, which hit the headlines earlier this year … Read More

The cost of reassuring investors

October 3, 2016 |

Dan Barrett, director, corporate debt advisory at CreditSquare, examines the need for extra due diligence in the peer-to-peer finance industry…

Peer-to-peer or marketplace lending started over 10 years ago with the launch of Zopa in 2005. Since then, the industry … Read More