Borrowing

Apr
19

P2P platform hits £50m lending milestone

Peer-to-peer (P2P) platform Lending Works has celebrated providing more than £50m worth of loans since its launch in January 2014. The achievement follows a record-breaking first quarter of 2017, with nearly £5m lent via the platform in March alone. Nick Harding, CEO of Lending Works, said: “It’s incredibly rewarding to have come as far as […]

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Apr
18

P2P financing kicks off in Malaysia

The peer-to-peer (P2P) lending industry is off to an encouraging start. Funding Societies Malaysia, the first platform to launch, successfully raised RM320,000 for two term loan financing programmes within three weeks in March. The loans will be used to fund the working capital of two companies – an electronics business and an automobile parts distribution […]

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Apr
05

Fintech Down Under

Cameron Dart is the CEO of International FinTech, a hub that connects Australian fintech companies to the rest of the world and vice versa. The company recently opened a London “launch pad” office that helps Australian startups expand globally and links startups in other countries to the Australian market. To help shed light on the […]

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Apr
04

Peer-to-peer lending bosses split on whether to become a bank

UK’s largest peer-to-peer/marketplace lender CEOs outline two very different visions of the future. Funding Circle and Zopa don’t disagree on much. But when it comes to whether or not to launch a bank, CEOs Samir Desai and Jaidev Janardana have reached a divergence point. Both delivered keynote speeches at last week’s AltFi Europe Summit. Desai’s […]

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Mar
27

Fintech helps Chinese SMEs get loans

Small businesses and individuals in China have long found it hard to get loans, as the country’s government-controlled banks prefer to lend to state-owned enterprises. In particular, those living in poorer and less developed areas may not have easy access to a bank. But financial technology, which includes internet banking and has made banking services […]

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Mar
22

Funding Circle close further funding round, valued at $1 billion

Investor interest in the peer-to-peer lending industry shows no sign of slowing; British site Funding Circle have just closed another round of funding, taking their total raise to $380 million. Funding Circle recently closed another round of venture capital funding to the tune of $100 million, valuing the company at $1 billion. The new round […]

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Mar
14

The Benzinga Global Fintech Awards – entries closing soon

The Benzinga Global Fintech Awards May 11, 2017 in New York, is the premier event in Fintech, celebrating financial innovation from around the world. The Benzinga Awards is a competition to showcase the companies with the most impressive technology, who are paving the future in financial services and capital markets! Applications are still open, so apply now […]

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Mar
06

Money360’s unique variable for real estate lending success

Money360 is experiencing rapid growth in the marketplace lending sector for real estate. Recently Money360 announced it had surpassed $200 million in commercial real estate loans after exceeding $100 million last August. Money360 expects to top $500 million in real estate financing by the end of the year representing a rapid acceleration for the peer […]

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