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Entries by Ridial Bipero

Are Changes Coming To The P2P Lending Model?

Are Changes Coming To The P2P Lending Model?

LendingClub was the first peer-to-peer lender to file for an IPO and raised $900 million in 2014 – marking the largest U.S. tech IPO of the year. The company’s peer-to-peer model introduces loan seekers to individual investors who offer loans at a typically higher interest rates versus what banks and other traditional lending institutions offer.

In a report published Monday, Michael Tarkan of Compass Point maintained a Sell rating on LendingClub with a $12 price target as investor appetite is “evolving” to account for the Madden v. Midland case.

“The Madden v. Midland case, which called into question federal preemption laws for […] Read more

PeerIQ Secures $2.5M in Follow-On Seed Funding for P2P Credit Risk Analytics Platform

PeerIQ, a financial information services company that connects peer-to-peer (“P2P”) lending to the capital markets by helping institutional investors analyze, access and manage risk, today announced that it raised $2.5 million in a seed-extension round. Participants in the round include new investor and customer Victory Park Capital, as well as Fenway Summer Ventures and existing investors Uprising and former Morgan Stanley chairman and CEO John Mack. The financing follows the Company’s April 2015 receipt of $6 million in seed funding from several prominent capital markets and technology investors.

PeerIQ will use the funds to accelerate its core growth initiatives: continuing new […] Read more

Funding Circle is doing so well it hasn’t touched the £97 million it raised in April

Funding Circle is doing so well it hasn’t touched the £97 million it raised in April

Funding Circle, the UK peer-to-peer small business lender, is on track to do over £35 million ($53.8 million) in revenues this year, Business Insider can reveal.

Funding Circle’s online platform lets savers lend directly to small businesses at more favourable interest rates than offered by traditional bank savings accounts.

Accounts filed with Companies House in the UK show Funding Circle Holdings, the parent company of both Funding Circle’s UK and US businesses, did revenues of £13.1 million ($20.1 million) in the year to December 31, 2014. That was up from £5.3 million ($8.1 million) in 2013.

But CEO and cofounder Samir […] Read more

Beyond P2P – The next wave of innovation in business finance

The reluctance of banks to lend to businesses has kick-started massive innovation in business finance. This week peer-to-peer (P2P) lender Zopa passed the £1bn lending mark and is expecting to do the next billion by the end of 2016. Peer-to-peer lenders have captured the public imagination by offering an alternative to banks.

Yet, focusing on P2P misses a huge part of the story of how funding in Britain is changing. P2P lenders innovated on the funding side by sourcing liquidity from individuals rather than institutions. That was helpful during the banking crisis when funding was scarce. Today we are facing […] Read more

P2P Lender Dianrong Receives $207 Million Investment led by Standard Chartered

P2P Lender Dianrong Receives $207 Million Investment led by Standard Chartered

Dianrong, a Chinese peer to peer lending platform, has received a new funding round in the amount of $207 million led by Standard Chartered with participation from China Fintech Fund and Bohai Leasing. The Series C funding was declared the largest ever for the direct lending industry in China. The funding was also notable as Standard Chartered, a multi-national bank based in London, represents a merging of internet finance with a high street bank, Dianrong called the investment a “new chapter” in the burgeoning peer to peer lending sector. Standard Chartered Managing Director Zhu Wei qualified […] Read more

Peer-To-Peer Lenders Shake Up Business Loan Market

The budding online peer-to-peer business lending industry is dangling healthy returns before retail investors and quick loan application processing speeds to advisors and other small business owners seeking loans to expand.

Peer-to-peer lending—also known as “marketplace” lending—operates by having a Web company sell baskets of loans to investors.

While the returns can seem suspiciously high, the largest business-only P2P lender, Funding Circle, promotes prudence by only lending to established firms, said co-founder Sam Hodges, who spoke at a House Small Business Committee hearing on peer-to-peer lending on Wednesday.

Hodges said Funding Circle is focusing on lending to businesses that have been in […] Read more

What’s Best, Crowdfunding Or P2P Lending?

If you are an entrepreneur is desperate need of funds to start or grow a business, crowdfunding and peer-to-peer lending (P2P) offer alternatives – but which is best for your business?

Crowdfunding and peer-to-peer lending are similar business models, but with very different implications for cash flow and profitability.

Which is best depends on the type of business you run, where that business is sitting in the life cycle and whether debt or equity funding is the best bet for funding.

Startups generally look to crowdfunding as raising the cash has no impact on cash flows of a business making little sales or […] Read more

Spotlight on RBI: Why & how it needs to build P2P lending business in India

Spotlight on RBI: Why & how it needs to build P2P lending business in India

Peer-to-peer lending or P2P lending has become an established model of funding consumers and businesses in the US, UK and China and growing adoption in India.

The benefits around reducing the cost of capital and increasing access to capital are well established. Such has been its impact that even governments have backed the system, with the UK government being active participants in sites like Funding Circle and Zopa. This week it has gone a step ahead as it announced a £2 million fund created to back social organizations via peer to peer lending and crowdfunding platforms. On the other hand, regulators […] Read more

London’s next $1bn firm? TransferWise raises $58m in funding round

London-based peer-to-peer foreign exchange service TransferWise has become the latest company to join Silicon Valley super-venture-capitalists Andreessen Horowitz’s portfolio.

The company raised $58m in a fundraising round led by A16Z, in which the company’s existing investors such as Richard Branson, Index Ventures and Seedcamp also participated. The Series C funding round is thought to value the company at almost $1bn, although it refused to confirm or deny the figure.

TransferWise operates a foreign exchange service which uses an element of peer-to-peer funding to cut costs for users. The company directly pairs up users wanting to buy a currency with those wanting to […] Read more

RBS partners with fintech startups Funding Circle and Assetz Capital for peer-to-peer lending

RBS partners with fintech startups Funding Circle and Assetz Capital for peer-to-peer lending

Royal Bank of Scotland has partnered with UK financial technology startups Funding Circle and Assetz Capital to provide alternative sources of finance to small businesses.

Customers of RBS will be referred to the two peer-to-peer lenders if they are turned down for loans by the bank, an indication of growing acceptance of digital crowdfunding within mainstream finance.

“It is great to see companies like Funding Circle forging a new partnership with RBS to ensure that small British companies have the best access to funding,” said Chancellor of the Exchequer, George Osborne.

Both Funding Circle and Assetz Capital enable businesses to lend each other […] Read more