Finance Tips

Weekly industry news roundup

Finance Tips

AROUND THE WORLD The Cambridge Center for Alternative Finance released its study on European alt finance that shows 92% growth in 2015. This growth is in all areas of alternative finance including crowdfunding and peer to peer lending. Europe is a fast growing alt finance market. Estonia is first in alternative finance volume and we…

Weekly industry news roundup

Finance Tips

AROUND THE WORLD In this Wall Street Journal article, SoFi, which specializes in US student loan refinancing, announced a funding round starting with the intention of raising $500 million. They are one of the best performing US p2p lending platforms and intend to use the funds to expand their student loan business to Europe and…

Weekly industry news round-up

Finance Tips

AROUND THE WORLD One of China’s richest men calls p2p lending a scam. In this article, Chinese billionaire Guo Guangchang calls out p2p lending in his country not long after China’s government announces its limits on peer lending for borrowers there. Although we disagree with the premise, it does make for interesting reading to see…

Weekly industry news round-up

Finance Tips

AROUND THE WORLD Lending Club leads an ugly quarter for US p2p lenders in this Bloomberg article. They aren’t the only ones with issues as Prosper, Avant having to cut staff as well. The executive shakeup at Lending Club and its impact on 2nd Quarter earnings is discussed here where new CEO Scott Sanborn is…

Weekly industry news round-up

Finance Tips

INDUSTRY NEWS Last week brought us reports that funding for fintech companies dropped globally due to lack of super rounds. Prosper and Avant in the US are seeing tough times as bad quarterly results force them to make significant cuts in workforce. On other side of the globe, lenders in China are making more use…

Weekly industry news round-up

Finance Tips

INDUSTRY NEWS Last weeks hottest topic was the interest rate cut by Bank of England. Almost as a continuation for last weeks interest rate topic were the reports of a German bank that decided to start charging negative interest from their retail customers. The Economist claims that emerging markets are back in favor as returns have increased. Check…

Weekly industry news round-up – August 8, 2016

Finance Tips

INDUSTRY NEWS This week one of the main topics in the industry has been Bank of Englands interest rate cut which has been already widely viewed as positive news for P2P industry. In the US, Prosper and LendingClub are both reported to be part of big financial deals. Find out more in our weekly industry news round-up…

Weekly industry news round-up

Finance Tips

The week of 25th of July was awfully quiet in our industry. The biggest news came once again from the US where Bloomberg wrote about Prosper’s plans to launch their proprietary investment fund focused solely on the peer-to-peer lending assets Prosper originates. Meanwhile Huffington Post and Financial Planner wrote about trends created by financial technology…

Weekly industry news round-up

Finance Tips

Last week was relatively quiet in the industry. Main highlights are news that Goldman Sachs is nearing the launch of their online lending service and Amazon launching a partnership with Wells Fargo in the US. In the UK Financial Times discusses why alternative finance platforms should become banks. Financial Times also shares the thoughts of…

Weekly industry news round-up 18 July 2016

Finance Tips

Last week we saw a number of positive signs for the industry coming from the US. LendingClub seems to have sorted out its troubles with Jefferies Group and Moody’s has removed warning’s from Citigroup Inc. securitization of Prosper loans. Peer-to-peer lending is also getting more coverage in traditional financial press in the UK with multiple…