News

29Jul2016

Lending Club lands former BlackRock boss as chief capital officer

US marketplace lending platform Lending Club has hired ex-BlackRock executive Patrick Dunne as chief capital officer.

27Jul2016

Lendico and PostFinance Launch Joint Venture in Switzerland

PostFinance one of the largest five retail banking institutions in Switzerland will partner with Lendico to launch joint venture Lendico Schweiz, which will facilitate loans to SMEs in Switzerland.

25Jul2016

Insurer Aviva France to Lend €50 Million to SMEs Through Crowdlending Platforms

Aviva France, together with two partners, alternative asset management firm Eiffel Investment Group and insurer AG2R La Mondiale, is launching an investment fund called “Prêtons Ensemble” (Lending together) dedicated to financing loans to small and medium-size enterprises (SMEs) provided through crowdlending platforms.

21Jul2016

Bank of England Launches Fintech Accelerator

The Bank of England is getting into the Fintech space.  In a speech by Mark Carney, Governor of the Bank of England, Carney embraced the disruptive transformation that is impacting all forms of finance.

19Jul2016

AmEx to launch online lending platform

American Express plans to enter into the online lending space with a new short term funding solution for businesses.

14Jul2016

PayPal’s online lending business tops $2bn mark

PayPal Working Capital has now lent over $2bn to over 90,000 businesses across the UK, US and Australia.

12Jul2016

Investors are getting bact to Lending Club

Stone Ridge Asset Management plans to buy about $1 billion of LendingClub loans this year, according to a person with knowledge of the matter. Many more investors are finishing due-diligence checks after the leadership shakeup, saying they also will purchase more.

08Jul2016

The current development of portfolio on Žltý melón

Since launch there were provided 1,101 loans on Žltý melon worth a total of € 4,379,404. Until now investors got repaid the principal of € 2,529,415.17 and they gained € 788,307.83 on interest and fees. Up to the date were fully paid 285 loans which stands for 25.9 % of the portfolio.

07Jul2016

UK Alternative Finance Industry Volume Update

The UK’s Alternative Finance Industry appeared to skip the Easter break with origination volumes in the month of March setting a new high watermark. £342.5m of financing was originated over the course of the month. This is a 12% uplift on February’s number and a 66% rise on the origination seen in March last year.

05Jul2016

Chinese billionaire investor ups stake in Lending Club

The Singapore based Shanda Group owned by Chen Tianqiao has increased its stake in beleaguered P2P/marketplace lending platform Lending Club to 15.13 per cent, according to regulatory filings.

01Jul2016

European Investment Bank backs Funding Circle with £100m

The European Investment Bank (EIB) has agreed to invest £100m through the Funding Circle platform, which comes alongside a £25m investment in the Funding Circle SME Income Fund.