About Ridial Bipero

This author has not yet written his bio.
Meanwhile let's just say that we are proud Ridial Bipero contributed with 23 entries.

Entries by Ridial Bipero

Online P2P Lending Marketplace Faircent Raises Angel Funding at USD 4M Valuation

Gurgaon-based online peer-to-peer lending marketplace, Faircent has raised an undisclosed amount of angel funding from promoters of Fusion Microfinance, Devesh Sachdev and Ashish Tiwari. The latest funding has valued the firm at USD 4 million.

As per a VCCircle report, the new funding will be used to strengthen its technology and brand, besides expanding the team. The start-up was started in 2013 by Rajat Gandhi, Vinay Mathews and Nitin Gupta, provide a virtual marketplace where borrowers and lenders can interact directly and helps them in interest rate discovery.

With the help of its platform, one can directly interact with fellow borrowers/lenders, negotiate […] Read more

New U.A.E. Peer-to-Peer Lender Aims at Small-Business Funding Gap

New U.A.E. Peer-to-Peer Lender Aims at Small-Business Funding Gap

Peer-to-peer lending has been around for roughly a decade, sprouting in the U.K. and quickly catching on in the U.S., but it hadn’t existed in the Middle East until the launch this week of Beehive, a new business that aims at securing financing for small businesses in the United Arab Emirates.

The peer-to-peer lending concept is simple. It cuts out banks and lets people lend directly to one another (or, in this case, to businesses) in exchange for interest payments. Europe’s biggest peer-to-peer lender is called Zopa, which started in 2005; the largest ones in the U.S. are Prosper and Lending […] Read more

Bypass the bank with new peer-to-peer lending scheme for small businesses

Bypass the bank with new peer-to-peer lending scheme for small businesses

Have you heard of peer-to-peer lending?

The practise involves private savers lending money to businesses and projects via an online peer-to-peer lending website – effectively enabling anyone to become a financial broker.

This allows small and medium enterprises (SMEs) to secure funding without going through a traditional financial intermediary, such as a bank or loan company.

Peer-to-peer lending has been around since the mid-1990s, but its popularity has surged in recent years following the 2008 global financial crisis that resulted in banks becoming far more scrupulous with lending, making it harder for businesses to secure loans.

In June, the Glasgow Chamber of Commerce announced […] Read more

Risks, opportunities in China’s growing P2P lending market

In China, online peer-to-peer (P2P) lending has been growing rapidly since around 2010. If the country’s P2P lending industry can successfully control risk while capitalizing on innovation, it should help alleviate chronic funding difficulties of small and midsize enterprises.

Internet finance’s domain in China is expanding into P2P lending and crowdfunding against the backdrop of Yu’E Bao’s widespread popularity.

P2P lenders provide a platform for individuals to lend to and borrow from each other online.

Although an exact count of P2P lenders (platform providers) is unavailable, the People’s Bank of China (PBoC) reported that more than 350 were in existence as of the […] Read more

New Zealand: Crowd funding and peer-to-peer lending

Lucky timing, and a policy commitment to promote innovation in capital markets, are about to put New Zealand among the early adopters in legislating for crowd funding and peer-to-peer lending as a source of fund raising.

The US did it in the Jumpstart Our Business Startups (JOBS) Act, which was passed last year but has yet to come into force. Now our Government has seized the opportunity created by the Financial Markets Conduct Bill (FMCB) to make similar provision here.

What is crowd funding and peer-to-peer lending?

Both are internet based methods of raising money. Crowd funding is typically for small one-off projects […] Read more

Government’s British Business Bank to lend £10m through peer-to-peer lender RateSetter

The British Business Bank, the government-owned financial institution, has announced that it is to lend £10m to businesses owners through peer-to-peer (P2P) funding platform RateSetter.

The deal, which will commence from Monday 21 July, is targeted at supporting the growth of individual entrepreneurs, sole traders and partnerships through RateSetter’s business loans.

The Bank will lend 40% of any qualifying loan on the site until the first £4m has been utilised, and will then move to 20% for the remaining £6m; facilitating a total of £40m in funding.

Launched in October 2010, FCA-regulated RateSetter provides P2P loans directly to the individual rather than the […] Read more

Alternative Funding Network P2P loans

How P2P for Property can Enhance the Market: Insights from Ian Thomas, LendInvest

A few weeks ago, the AFN caught up with Ian Thomas, Co-founder of LendInvest to learn about their model and how property based lending via P2P can enhance the marketplace for borrowers and lenders alike. Be sure to check out the LendInvest Case-study video in July!

Here is what he had to say:

P2P lending will provide a catalyst for change in the mortgage market, P2P lender’s use of technology and big data will enable better risk underwriting and will provide borrowers with a straight forward and transparent application process. […] Read more

Finally banks embrace P2P lending, as Santander gets into bed with Funding Circle

Peer-to-peer (P2P) lenders have been touted as one of the biggest threats to traditional banks, but now they’re getting into bed with them. Santander will be referring small businesses it turns down for loans to P2P platform Funding Circle, who in return will promote the bank’s current accounts and other services. MT can just feel the love.

P2P startups had made a lot of noise about how they were different to banks, who have been notoriously stingy with small business lending since the financial crisis. Indeed, Funding Circle director Ed Wray told MT in February that while P2P lending wouldn’t do […] Read more

Santander Puts It Weight Behind P2P Financing

Santander Puts It Weight Behind P2P Financing

As peer-to-peer financing networks are gaining more ground in Great Britain and the coalition government is pushing legislation that would require banks direct rejected loan applicant to alternative financial services, Santander will be the first high-street bank to officially partner with a P2P service.

Funding Circle, a peer-to-peer lending website that specializes in corporate loans, follows months of negotiation and a move by San Francisco-based Union Bank last week to sell some of its personal loans through the online marketplace Lending Club.

“Santander’s partnership with Funding Circle is a good example of how traditional and alternative finance can work together to help […] Read more